PMC Bank
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April 04, 2022, Monday
Paid back PMC depositors Rs 3,800 crore: Centrum Group's Jaspal Bindra
This is more than two years after PMC went bust and the Reserve Bank of India (RBI) imposed restrictions on the amount the ...
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April 01, 2022, Friday
Unity Small Finance Bank pays Rs 3,800 cr to 850,000 PMC Bank depositors
According to the plan approved by the Union government, Unity Small Finance Bank was supposed to pay the insured deposit amount ...
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February 03, 2022, Thursday
PMC Bank scam: Absconding former director arrested in Bihar
Former director of Punjab and Maharashtra Cooperative (PMC) Bank Daljit Singh Bal was apprehended by the Mumbai police's Economic ...
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January 28, 2022, Friday
Top headlines: Air India returns to Tatas; PMC Bank resolution moves ahead
Government seeks India-specific standards for 5G spectrum in telecom. More on that story in our top headlines.
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January 27, 2022, Thursday
Payout to be Rs 4k cr to return up to Rs 5 lakh to PMC depositors: Centrum
In a Q&A Jaspal Bindra, Chairman of Centrum Group says Unity SFB will take some cash assistance from DICGC to meet the liquidity ...
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January 27, 2022, Thursday
96% PMC Bank depositors to be paid upfront: Unity SFB
On January 25, the finance ministry had approved the merger of PMC Bank with Unity SFB, protecting it from liquidation and ...
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January 27, 2022, Thursday
PMC depositors move SC against final merger plan with Unity SFB
Among other haircut terms, depositors have to wait for 10 years to get back their money if the amount is more than Rs 15 lakh
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January 25, 2022, Tuesday
PMC Bank's branches begin functioning as Unity SFB outfit from Tuesday: RBI
Unity SFB, which is a 51:49 joint venture between the Centrum Group and Bharat Pe, is making necessary arrangements to implement ...
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January 25, 2022, Tuesday
PMC Bank branches to operate as Unity SFB branches from Tuesday: RBI
Crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank's takeover by the Unity Small Finance Bank (USFBL) came into effect on ...
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January 16, 2022, Sunday
PMC Bank merger with Unity Small Finance Bank awaits govt approval
The proposed merger of debt-ridden Punjab and Maharashtra Cooperative Bank with Unity Small Finance Bank is being examined and ...
