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Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

PMC Bank case: ICAI to check role of auditors

ICAI on Wednesday said it has triggered its disciplinary mechanism and has written to the bank as well as regulatory...

2 Oct 2019 3:56 PM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

PMC Bank created over 21,000 fake accounts to hide loans: complaint

The RBI has barred the bank from renewing or granting any loans or making investments without prior approval of the...

2 Oct 2019 9:16 AM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

Suspended PMC bank chief hid information from RBI to save itself from...

As loans outstanding were huge and if these were classified as NPA it would have affected the profitability,' the letter...

1 Oct 2019 5:49 PM IST

Shares of DHFL were up 4.5 per cent at 128.80 rupees.

No exposure to HDIL, PMC Bank, says DHFL

DHFL does not have any exposure to either of them, DHFL said in a regulatory filing.

1 Oct 2019 5:40 PM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

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

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

1 Oct 2019 9:42 AM IST

File photo of PMC Bank depositors protesting against its management and the government.

Court gives nod to sale of HDIL's planes, yacht

RBI-appointed administrator to auction vehicles.

28 Nov 2019 5:57 AM IST

In India, banks will face the maximum pressure on income from card transactions and fees, with free payments putting 8.4 per cent of the payments revenue at risk.

Dearth of risk management professionals raises concern

In a competitive world where businesses are rewarded for high growth, the risk management often takes the back seat.

19 Nov 2019 3:45 AM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

Bank director, son of ex-BJP MLA from Mumbai arrested over his role in...

So far, 9 persons have been arrested in connection with the PMC scam including three top bank officials and two...

17 Nov 2019 12:21 PM IST

Shaktikanta Das

Closely monitoring situation at PMC Bank; forensic audit underway: Das

The apex bank enhanced the cash withdrawal limit to Rs 50,000 per account.

7 Nov 2019 3:47 PM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

PMC depositors gather outside RBI Delhi, demand assurance from central...

On Tuesday, the RBI increased the withdrawal limit from the bank's customers to Rs 50,000.

6 Nov 2019 3:44 PM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

PMC Bank: Withdrawal limit raised to Rs 50,000

The RBI has also allowed PMC Bank account holders to withdraw money from the bank's own ATMs within the prescribed limit...

6 Nov 2019 1:25 AM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: 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...

5 Nov 2019 6:30 PM IST