India.com News Desk | Feb 3, 2022, 6:16 PM IST
The fraud at PMC Bank came to light in September 2019 after the RBI placed directions on the urban co-operative bank and placed an administrator. The EOW of the Mumbai Police, which is probing the multi-crore scam, had issued a lookout notice against Diljeet Singh Bal and 10 former directors of the bank.
India.com News Desk | Jan 25, 2022, 7:55 PM IST
Centre on Thursday announced that the branches of Punjab and Maharashtra Co-operative Bank will now operate as Unity Small Finance Bank branches from January 25, 2022.
PTI | Feb 5, 2021, 7:14 PM IST
In September 2019, RBI had superseded the board of PMC Bank and placed it under various regulatory restrictions after detection of certain financial irregularities, hiding and misreporting of loans given to real estate developer HDIL.
IANS | Jan 6, 2021, 3:18 PM IST
Varsha had appeared before the ED on January 4 and recorded her statement with the agency in connection with the case.
India.com News Desk | Jan 1, 2021, 10:29 PM IST
The investigation also revealed that Pravin Raut paid an amount of Rs 1.6 crore to his wife Madhuri Pravin Raut from the proceeds of crime," said the ED.
India.com News Desk | Dec 29, 2020, 10:41 AM IST
The agency wants to question Varsha Raut with regard to the 'receipt' of some funds that were allegedly siphoned from the PMC bank.
IANS | Dec 27, 2020, 8:52 PM IST
A senior ED official wishing not to be named told IANS: "We have asked Varsha Raut to appear before the agency on December 29 in connection with the case."
India.com Business Desk | Dec 18, 2020, 11:36 PM IST
In the beginning, the RBI had allowed depositors to withdraw Rs 1,000 which was later raised to Rs 1 lakh per account to mitigate their difficulties.
India.com News Desk | Sep 22, 2020, 2:15 PM IST
The Banking Regulation (Amendment) Bill, 2020, which replaces an ordinance promulgated on June 26, was passed by a voice vote in Rajya Sabha. The amendment was approved from Lok Sabha on September 16.
India.com News Desk | Mar 6, 2020, 11:49 AM IST
Invoking last year's PMC Bank issue and the current Yes Bank case, the former Union Finance Minister said that the government's ability to govern and regulate financial institutions 'stands exposed' in the wake of the Yes Bank crisis.
India.com Business Desk | Dec 27, 2019, 11:23 PM IST
Here is a list of bank scams that shocked and rocked the nation in the year gone by.
India.com News Desk | Dec 3, 2019, 9:39 PM IST
The three directors, who were arrested by the EWO, include Jagdish Mookhey, Mukti Bavisi, and Trupti Bane.
