Page 2 - Latest Updates on PMC Bank Crisis
Fourth incident of PMC depositor death, 'had no funds for surgery'
This is a fourth incident of the death of a depositor of the Punjab & Maharashtra Cooperative Bank after the RBI appointed administrator on the city-headquartered lender
 "Fourth incident of PMC depositor death, 'had no funds for surgery'")
HDIL's Wadhawans sent to ED custody till October 22 in PMC Bank scam case
The duo had been arrested by the Economic Offences Wing (EOW) of Mumbai Police in connection with the case earlier this month
 "HDIL's Wadhawans sent to ED custody till October 22 in PMC Bank scam case")
PMC Bank depositors hold protest outside RBI headquarters in Mumbai
The depositors gathered outside the RBI around 11.45 am and held protests by showing placards and chanting slogans against PMC Bank and the RBI, a police official said
 "PMC Bank depositors hold protest outside RBI headquarters in Mumbai")
PMC Bank depositors in dire straits; govt does not care: Sitaram Yechury
Accusing the government of lying about the economic situation, Yechury alleged that public money was being used for PR
 "PMC Bank depositors in dire straits; govt does not care: Sitaram Yechury")
Will discuss PMC Bank issue with PM Modi: Fadnavis tells depositors
Fadnavis said he would be meeting Modi on October 13, and he had already prepared a brief on the PMC Bank issue for the meeting
 "Will discuss PMC Bank issue with PM Modi: Fadnavis tells depositors")
Spoken to RBI guv, concerns of PMC Bank's customers will be addressed: FM
PMC is in bad health allegedly due to its exposure to near-bankrupt realty player HDIL, to which it has loaned over 70 per cent of its Rs 9,000 crore in advances
 "Spoken to RBI guv, concerns of PMC Bank's customers will be addressed: FM")
How to fix the PMC Bank crisis
What we need is a simple principle to be applied here: All deposit-taking organisations should come under the sole supervision of the RBI
Assets worth Rs 3,830 cr seized, identified in PMC Bank case: ED
The identified assets will soon be attached under the Prevention of Money Laundering Act (PMLA).
 "Assets worth Rs 3,830 cr seized, identified in PMC Bank case: ED")
RBI raises withdrawal limit to Rs 40,000 for account holders at PMC Bank
The move follows the weekend assurance by finance minister Nirmala Sitharaman to urge the Reserve Bank to look into the woes of the depositors of the cooperative bank with urgency
 "RBI raises withdrawal limit to Rs 40,000 for account holders at PMC Bank")
Govt closely monitoring developments at PMC Bank, says Sitharaman
PMC is in bad health allegedly due to its exposure to near-bankrupt realty player HDIL, to which it has loaned over 70 per cent of its Rs 9,000 crore in advances
 "Govt closely monitoring developments at PMC Bank, says Sitharaman")
PMC Bank depositors to file a writ petition in Bombay HC on Tuesday
PMC ex-MD Joy Thomas has accepted that his board helped him in manipulating more than 21000 bogus accounts
PMC Bank depositors reach RBI gates, seek meeting to lift withdrawal cap
Depositors have also planned silent marches across Mumbai today
 "PMC Bank depositors reach RBI gates, seek meeting to lift withdrawal cap")
DHFL stock declines 20% over HDIL and crisis-hit PMC Bank concerns
DHFL said it has no exposure to HDIL and PMC, and cautioned against misleading reports that can trigger panic
 "DHFL stock declines 20% over HDIL and crisis-hit PMC Bank concerns")
Banking system is safe: RBI tells depositors again as PMC crisis deepens
The RBI statement came on a day when the Nifty Bank index tanked by 1.30 per cent in intra-day trade amid a barrage of negative news from the sector
 "Banking system is safe: RBI tells depositors again as PMC crisis deepens")
Reports of our exposure to HDIL and PMC Bank are misleading: DHFL
The housing financier is supposed to reach a debt resolution plan with its lenders shortly so that new funds start flowing into the company
 "Reports of our exposure to HDIL and PMC Bank are misleading: DHFL")
Adequate security cover provided for loans taken from PMC Bank: HDIL
HDIL said it was facing temporary cash flow issues due to the external environment in the real estate sector
 "Adequate security cover provided for loans taken from PMC Bank: HDIL")
Mumbai police file FIR in PMC Bank fraud case; ED may initiate probe soon
Police to set up SIT team, hire forensic auditor
 "Mumbai police file FIR in PMC Bank fraud case; ED may initiate probe soon")
Mumbai Police file FIR against PMC Bank, HDIL officials; SIT formed
As per initial investigations, the bank's losses since 2008 were Rs 4,355.46 crore, police said
 "Mumbai Police file FIR against PMC Bank, HDIL officials; SIT formed")
Huge cash withdrawals seen at crisis-hit PMC Bank ahead of RBI clampdown
RBI put a slew of restrictions in the bank, such as limiting withdrawals to initially at Rs 1,000, which was later increased to Rs 10,000
RBI relief for PMC Bank depositors, withdrawal limit hiked to Rs 40,000
RBI said it reviewed the bank's liquidity position and, with a view to reducing the hardship of the depositors, it decided to further enhance the limit
 "RBI relief for PMC Bank depositors, withdrawal limit hiked to Rs 40,000")
