The RBI, after reviewing the bank's liquidity position and its ability to pay its depositors, has decided to further enhance the limit for withdrawal to Rs 50,000, inclusive of Rs 40,000 allowed earlier

The locations raided were across Andhra Pradesh, Chandigarh, Delhi, Gujarat, Haryana, Karnataka, Kerala, MP, Maharashtra, Punjab, Tamil Nadu, Telengana, UP, Uttarakhand, and Dadra & Nager Haveli.

PMC Bank crisis: The Wadhawans have also given their consent to selling 18 of their attached assets that includes two private jets, a range of high-end cars and a speed boat.

PMC Bank crisis: The Director said that she had no knowledge of the HDIL scam and had recently deposited Rs 10 lakh in the bank, which corroborates her claims.

The Mumbai Police's Economic Offences Wing has served summons to Daljit Singh Bal for questioning at his address but till date he remains on the run

PM Bank crisis: BJP Maharashtra Vice-President Kirit Somaiya tweeted on Wednesday morning that needy depositors can apply for the same at their respective branches.

Nearly a month after the RBI clamped down on the operations of scam-hit PMC Bank, the depositors say their woes have only worsened, with some unable to pay school fees of their wards, while others finding it difficult to meet medical expenses

Assuaging concerns of depositors facing hardships due to restrictions on withdrawal of funds from the scam-hit bank, CM Devendra Fadnavis said that money of account-holders would remain safe

Ratul Puri was arrested on August 19 this year and was remanded to judicial custody

The deceased's son says his father was unwell for a long time and that doctors had asked him for bypass surgery; he could not withdraw money after the RBI put restrictions on cash withdrawal from the bank

PMC Bank scam: HDIL Chairman and MD Sarang Wadhawan had talked to PMC bank's management regarding the resolution plan to monetise these assets thereby clearing the loans so that the depositors' money is safe, the company claimed in the statement

The PMC bank's internal investigating team has found cheques amounting to over Rs 10 crore that were issued by HDIL and its related entities over the past two years but never deposited with PMC

HDIL promoters and prime accused Rakesh Wadhawan and Sarang Wadhawan, have requested investigating agencies to sell their attached assets at fair market value, monetise them and repay loans availed by HDIL from PMC Bank. Watch the video here.

HDIL promoters urge to sell their assets to repay loans; Centre's efforts to remedy slowdown blues are 'too little, too late', says Kamal Nath; Nirmala Sitharaman calls India 'the best place for investors' at IMF session and more news on News Blast.

PMC Bank scam: HDIL promoters write to ED, RBI, FinMin; urge them to sell attached assets to repay loansIn the latest development in the Punjab and Maharashtra Co-operative Bank scam, HDIL promoters and prime accused Rakesh Wadhawan and Sarang Wadhawan, have requested investigating agencies to sell their attached assets at fair market value, monetise them and repay loans availed of by HDIL from PMC Bank. The letter dated October 16 has also been marked to the Ministry of Finance a...

The police had filed an FIR against Thomas for misrepresenting the bank's loan books and not revealing the bad loans of HDIL

Denying allegations of money laundering, Wadhawans say they want to \"work towards the resolution of the matter in the interest of depositors\"