PMC Depositors reject RBI’s draft amalgamation; seek participation
In a hard-hitting letter, the body known as PMCB Shareholders and Account holders Forum has rejected the draft scheme for ...
Tag: PMC Bank
PMC: Sah Bharat questions RBI’s draft amalgamation; suggests way out
Finding faults with several provisions of the Draft Scheme of Amalgamation for the PMC Bank, as put forward by the ...
Maha UCBs react to RBI’s Draft on PMC; call it bad for profitability
Reacting to the RBI’s “Draft Scheme of Amalgamation of the PMC Ltd. – Suggestions and Objections” urban co-op banks associated ...
PMC’s amalgamation with Unity SFB; RBI seeks feedback
On Monday the Reserve Bank of India has placed in public domain a draft scheme of amalgamation of The Punjab ...
PMC Bank: RBI studying proposals of take-over
Mint reports quote officials saying RBI is looking at an application filed by Centrum Financial Services and fintech start-up BharatPe ...
DICGC: Payment process on; depositors of ailing UCBs to benefit
In a press release DICGC has invited applications in a prescribed format from the depositors of several ailing urban cooperative ...
PMC depositors may get money by November
The central govt has said depositors of banks under moratorium like Punjab & Maharashtra Cooperative (PMC) Bank will get up ...
Hoping of a PMC resolution, RBI extends Directions
In response to the Expression of Interest (EOI) floated by PMC Bank for its reconstruction, certain proposals were received, requiring ...
PMC: Co-operators hail move; Some felt bigger UCBs missed a chance
While a majority of depositors are happy that a resolution of the PMC Bank crisis is in sight, there are ...
PMC Bank likely to be converted into SFB; Marathe thanks Guv & FM
In a major development for the depositors of PMC Bank, RBI has granted “in-principle” approval to Centrum Financial Services Limited ...
PMC Administrator informs HC about withdrawal applications
The administrator of the scam-hit PMC Bank was bombarded with more than a thousand applications for withdrawal of deposits for ...
Deposit insurance limit for institutional investors must be raised: Marathe
Considering the news that the amendment to the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act, 1961 will be tabled ...
Amendment in DICGC Act on cards: Media Report
Live mint reports the government may bring in an amendment to the DICGC Act with a view to affording account ...
HC asks agencies to be sympathetic to PMC depositors
Media reports underline that the Delhi High Court has asked the RBI to be sympathetic to the PMC depositors in ...
PMC victims exhort Shah to intervene, seek parity with Private banks
The PMC Bank Account Holders Forum has written a letter to Union Home Minister Amit Shah on Monday and made ...
