 "What is PMC Bank Crisis")
PMC Bank Crisis
What is PMC Bank Crisis
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Latest Updates on PMC Bank Crisis
RBI extends curbs on PMC Bank by 3 months as it works on revival plan
RBI has been talking to other authorities on sale of securities and loan recovery; Unlike in commercial banks, it has no powers to evolve an enforceable reconstruction plan for a co-op bank
 "RBI extends curbs on PMC Bank by 3 months as it works on revival plan")
RBI extends regulatory restrictions on PMC Bank by 3 months till June
The RBI had put a six-month regulatory restriction on the bank on September 23, 2019
 "RBI extends regulatory restrictions on PMC Bank by 3 months till June")
Double trouble: PMC Bank asked to deduct TDS on notional interest paid
CBDT asks lender to deduct tax at source on notional interest paid
 "Double trouble: PMC Bank asked to deduct TDS on notional interest paid")
SC stays Bombay HC order to sell HDIL assets and repay PMC bank dues
A bench comprising Chief Justice S A Bobe and justices B R Gavai and Surya Kant took note of the appeal of the Reserve Bank of India against the Bombay High Court order
 "SC stays Bombay HC order to sell HDIL assets and repay PMC bank dues")
SC refuses to take up PMC depositors' plea to lift withdrawal restrictions
A bench headed by Chief Justice of India Ranjan Gogoi said, "We are not inclined to entertain this petition under article 32,
 "SC refuses to take up PMC depositors' plea to lift withdrawal restrictions")
Shivalik Mercantile receives approval to become Small Finance Bank
The RBI had come with a scheme on voluntary transition of UCBs into Small Finance Bank (SFB) on September 27, 2018. But there was no taker
 "Shivalik Mercantile receives approval to become Small Finance Bank")
RBI inspection report of scam-hit PMC Bank yet to be finalised: RTI
The RBI declined to give copies of two complaints received by it regarding 'irregularities' in the bank and the action taken on them
PMC Bank crisis: Administrator to seek valuation of HDIL's aircraft, yacht
These assets belong to HDIL group firms owned by Rakesh Wadhawan and his son Sarang, the prime accused in the Rs 6,500-crore scam at the cooperative lender
 "PMC Bank crisis: Administrator to seek valuation of HDIL's aircraft, yacht")
PMC Bank money-laundering case: ED files chargesheet against HDIL promoters
The Wadhawans have been booked under various provisions of the PMLA
 "PMC Bank money-laundering case: ED files chargesheet against HDIL promoters")
PMC Bank depositors detained for protesting outside CM Thackeray's house
The RBI had asked the bank not to grant or renew any loans and advances, make any investment or incur any liability, including borrower of funds and acceptance of fresh deposits.
PMC Bank case: Depositors protest as HC refuses to interfere with RBI order
The protestors raised slogans against the court, the RBI and PMC Bank
Bombay HC asks RBI what it has done to protect PMC bank depositors
It directed the RBI to file its affidavit and posted the matter for further hearing on November 19
 "Bombay HC asks RBI what it has done to protect PMC bank depositors")
Risk-based premium for deposit insurance: Time right, but tough to follow
If RBP kicks in, there will be a shakeout among urban-cooperative banks
 "Risk-based premium for deposit insurance: Time right, but tough to follow")
A health check on India's shadow banks shows the crisis is far from over
Troubles began last year when major shadow bank IL&FS Group unexpectedly defaulted, prompting broader shock that made it hard for many companies to refinance debt
 "A health check on India's shadow banks shows the crisis is far from over")
FM Sitharaman faces irate PMC Bank depositors, promises legislation
The minister said she will speak to RBI Governor Shaktikanta Das about the interest of the depositors and convey their urgency and distress
 "FM Sitharaman faces irate PMC Bank depositors, promises legislation")
PMC case: ED initiates proceedings to attach Wadhawan's UK, UAE properties
PMC's exposure to HDIL is over Rs 6,000 crore
 "PMC case: ED initiates proceedings to attach Wadhawan's UK, UAE properties")
Will protect depositors' interests, PMC chief assures RBI governor
The meeting with Das, deputy governor and other senior officials of the Central bank came after police authorities confirmed the death of one more depositor, Fattomal Punjabi (61) due to natural cause
 "Will protect depositors' interests, PMC chief assures RBI governor")
SC to hear PIL seeking interim protection for PMC Bank customers on Friday
PIL seeks comprehensive guidelines to avoid another crisis like that of PMC Bank, seeks 100 per cent insurance of deposits
Will safeguard depositors' interests, PMC Bank management assures RBI
Administrator J B Bhoria and his team met Shaktikanta Das and other senior officials on Wednesday to apprise them of the position of the bank after relaxation of the withdrawal limit to Rs 40,000
 "Will safeguard depositors' interests, PMC Bank management assures RBI")
PMC Bank scam: Ex-director sent in police custody till October 22
The court also remanded the bank's former managing director Joy Thomas in 14-day judicial custody, after his police remand ended on Thursday
 "PMC Bank scam: Ex-director sent in police custody till October 22")
