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Former prime minister Manmohan Singh

Delegation of 15 depositors of PMC Bank to meet Manmohan Singh

Apart from Thomas, former PMC bank director S Surjit Singh Arora was sent to police custody till October 22 by the...

17 Oct 2019 2:05 PM IST

They will discuss legislative steps needed to prevent such incidents from happening and empower the regulator better, FM Nirmala Sitharaman said. (Photo: ANI)

PMC Bank: Sitharaman faces protesters; promises legislation

The depositors had gathered outside the BJP's office here ahead of FM Nirmala Sitharaman's scheduled press interaction.

10 Oct 2019 3:00 PM IST

Similar trend was seen on the NSE, where the Housing Development and Infrastructure Ltd (HDIL) stock hit its 52-week low of Rs 3.20 down 4.48 per cent over its previous closing price.

Shares of HDIL hit lower circuit; fall 4.73 per cent

On the BSE, the stock of the company fell 4.73 per cent to its lower circuit limit of Rs 3.02, which was also its...

9 Oct 2019 12:44 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)

HDIL promoters, PMC Bank board members charged with money-laundering

Mumbai Police arrested the tow directors at HDIL, Rakesh Wadhawan and Sarang Wadhawan on Thursday.

4 Oct 2019 10:33 AM IST

Using earned money of depositors to bail out a bank amounts to gross interference by the government.

Co-op depositors can now claim up to Rs 5 Lakh from bank

Depositors will now need to contact the bank and submit a declaration of willingness to claim the amount

23 Sept 2021 7:54 AM IST