Punjab And Maharashtra Cooperative Bank

Friday, Apr 26, 2024 | Last Update : 02:13 AM IST

Punjab and Maharashtra Cooperative Bank

The RBI has also been decided to allow the depositors to withdraw from the PMC Bank's own ATMs within the prescribed limit of Rs 50,000. (Photo: File | PTI)

Withdrawal limit for PMC Bank depositors raised to Rs 50,000

With the above relaxation, more than 78 per cent of the depositors of the bank will be able to withdraw their entire account balance.

05 Nov 2019 6:30 PM

This is the third time the regulator has increased the withdrawal limit since its clamped down on the bank on September 23, when the RBI had capped it at Rs 1,000 per customer, which led to lot of distress and criticism. (Photo: File | PTI)

RBI raises PMC Bank customers' withdrawal limit to Rs 40,000

With this, about 77 per cent of the depositors will be able to withdraw their entire account balance, said RBI.

14 Oct 2019 7:56 PM

"The current upper limit of Rs 1 lakh per depositor, we believe, has outlived its shelf life and there is a need to revisit it," SBI's Research said in a report Monday. (Photo: File | PTI)

PMC Bank crisis: It's time to massively increase depositor insurance

The PMC crisis has brought to the fore the need to increase the deposit insurance coverage provided by the DICGC.

08 Oct 2019 5:32 PM

RBI had put PMC PMC strict restrictions including limiting withdrawals at Rs 10,000 and banning the bank from any lending activities for the next six months.

HDIL directors arrested, assets worth Rs 3,500 crore attached in PMC Bank case

More details awaited.

03 Oct 2019 6:08 PM

are protected. The action was necessitated as in case of PMC Bank, the small depositors constitute around two-thirds of its depositor base, a source explained. (Photo: PTI | File)

Before RBI clampdown, PMC Bank saw huge cash withdrawals from big depositors

RBI has put on PMC strict restrictions including limiting withdrawals at Rs 10,000 and banning it from lending for next six months.

01 Oct 2019 9:42 AM

The crisis raises question mark on role of various people whether it is regulator, auditors, directors and other officials, MoS Finance Anurag Thakur said on the sidelines of an event organised by Punjab National Bank in New Delhi. (Photo: File)

PMC Bank crisis 'eye opener', RBI looking into lapses: Thakur

PMC Bank came under stress due to alleged financial irregularities forcing the RBI to impose restriction on it.

30 Sep 2019 3:38 PM

The slum redevelopment focused Housing Development and Infrastructure Ltd HDIL is in the bankruptcy court now after being hit by a severe cash crunch following the failure of some of its key projects in Mumbai. (Photo: File | PTI)

PMC's HDIL loan at Rs 6,500 cr, or 73 pc of total loan book: Ex-MD Thomas to RBI

The admission came in after a board member leaked the actual balancesheet details to the RBI, said a source.

29 Sep 2019 6:02 PM

The bank’s MD Joy Thomas has been suspended effective Wednesday.

PMC Bank board sacked, withdrawal limit raised

Cash withdrawal limit raised to Rs 10,000.

27 Sep 2019 1:34 AM

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Sunil Gatade