Oct 19, 2019 · The government could consider raising deposit guarantee limit from existing ₹1 lakh, news agency IANS reported, citing Finance Minister Nirmala Sitharaman. Her comments come in the wake of crisis at Mumbai-based urban cooperative bank, PMC Bank. Customers of the crisis-ridden bank can now withdraw up to ₹40,000 according to the latest enhanced limit. It is to be […]
The crisis at PMC Bank is a symptom of a deeper malaise plaguing around 1,500 co-operative banks in the country. Typically, these banks are loosely monitored as they fall under the dual regulation...

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Read stories listed under on PMC Bank. [Breaking] PMC Bank Crisis: Bombay HC appoints 3-member committee chaired by former HC Judge S Radhakrishnan for speedy disposal of HDIL assets Oct 04, 2019 · The PMC Bank crisis came to light after RBI had imposed restrictions on the bank citing multiple violations in operations. The bank had been flouting rules for almost six to seven years and now it has an exposure of Rs 6,500 crore to HDIL--that is 73 per cent of the total assets of the PMC bank.

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2 days ago · It can be noted that dud assets at the poorly governed urban co-operative banks (UCBs) are a major source of stress, and the crisis at lenders like PMC Bank, which continues to be under directions ...

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PMC Bank Crisis: मुंबई मध्ये पीएमसी बॅंक खातेदार पुन्हा आक्रमक; रास्तारोको आंदोलन करण्याचा इशारा. महाराष्ट्र. PMC खातेधारकांसाठी दिलासादायक बातमी! बँकेतून काढता येणार 50,000 रुपये. महाराष्ट्र.

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Mar 06, 2020 · New Delhi [India], Mar 6 (ANI): Citing examples of crisis in PMC Bank and Yes Bank, former Finance Minister and senior Congress leader P Chidambaram on Friday slammed the BJP-led central government and asked whether there is a third bank in the line. First, it was PMC Bank. Now it is YES Bank. Sep 25, 2019 · Explained | The PMC Bank crisis and why customers are panicking 25/09/2019 With the RBI imposing withdrawal restrictions among others on the Punjab and Maharashtra Cooperative Bank , chaos prevailed among customers at the bank branch on Jail Road in the city on Tuesday.

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Oct 23, 2019 · How to fix the PMC Bank crisis. 'Put the assets of PMC Bank and the personal assets of the HDIL promoters and head of PMC Bank in an escrow account and ring-fence it from the ad hoc action of the ... Chaos among depositors as PMC Bank in crisis | Deccan Herald. Earest pnc bank location, branch solution center, to partner. img ... Explained: wrong. img. PMC Bank ...

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The now-suspended managing director of the crisis-hit PMC, Joy Thomas, reportedly admitted to the RBI that the bank’s actual exposure to the bankrupt HDIL is over ₹6,500 crore— four times ...

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Who is responsible for PMC Bank Crisis HDIL or Bank Officials? Customer of Punjab and Maharashtra Cooperative Bank (PMC Bank) woke up to a shock on September 24. A message from the bank was sent saying it has been put under the directions of Reserve Bank Of India.

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