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Tag "pmc bank"

RBI announces draft scheme of amalgamation of PMC Bank with USFB

RBI announces draft scheme of amalgamation of PMC Bank with USFB

🕔20:31, 22.Nov 2021

Mumbai, Nov 22  The Reserve Bank of India (RBI) on Monday announced a draft scheme of amalgamation of the Punjab and Maharashtra Cooperative (PMC) Bank with the Unity Small Finance Bank Ltd (USFB), a New Delhi-based banking company. The draft

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RBI enhances PMC Bank withdrawal limit to Rs 1 lakh

RBI enhances PMC Bank withdrawal limit to Rs 1 lakh

🕔07:28, 20.Jun 2020

Mumbai, June 20  The Reserve Bank of India (RBI) on Friday doubled the withdrawal limit for Punjab and Maharashtra Cooperative Bank’s depositors to Rs 100,000 from Rs 50,000 earlier. With this relaxation, the RBI said that more than 84 per

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PMC mess: Inputs given on Act amendment: Das

PMC mess: Inputs given on Act amendment: Das

🕔13:21, 8.Nov 2019

New Delhi, Nov 8 RBI Governor Shaktikanta Das on Thursday said there is a forensic audit underway in PMC Bank and that it is closely monitoring the situation and has already given inputs for the proposed amendments in the Cooperative

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Govt could raise deposit guarantee limit from Rs 1 lakh: FM

Govt could raise deposit guarantee limit from Rs 1 lakh: FM

🕔07:52, 15.Oct 2019

New Delhi, Oct 15  Finance Minister Nirmala Sitharaman on Monday said that she is closely monitoring the developments at Punjab and Maharashtra Cooperative (PMC) Bank and the government could consider raising deposit guarantee limit from existing Rs 1 lakh. The

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RBI fixes coop banks’ daily reporting system post PMC fraud

RBI fixes coop banks’ daily reporting system post PMC fraud

🕔09:40, 12.Oct 2019

Mumbai, Oct 12  The Reserve Bank of India on Friday has changed the daily reporting system at cooperative banks after the collapse of Punjab and Maharashtra Cooperative Bank following the unearthing of over Rs 4,000 crore fraud there. In a

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Indian banking sector sound, stable: RBI Governor

Indian banking sector sound, stable: RBI Governor

🕔13:19, 4.Oct 2019

New Delhi, Oct 4  Days after the PMC Bank came under scanner for alleged frauds, the RBI Governor Shaktikanta Das on Friday said that all was well with the banking system and one incident could not reflect the health of

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RBI hikes withdrawal limit in PMC Bank to Rs 10k

RBI hikes withdrawal limit in PMC Bank to Rs 10k

🕔08:00, 27.Sep 2019

Mumbai, Sep 27  Providing relief to the customers, the Reserve Bank of India (RBI) on Thursday hiked the withdrawal limit from Rs 1,000 to Rs 10,000 per bank account in the sanction-hit Punjab and Maharashtra Cooperative (PMC) Bank. The RBI

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