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.

Elaborating on changes required, he said, \"We should seriously think of reducing equity share of government in public sector banks below 50 per cent so that the Central Vigilance Commission does not regulate (PSU banks)\".

Punjab and Maharashtra Cooperative (PMC) Bank's former director Surjit Singh Arora was arrested last week by Mumbai Police's Economic Offences Wing (EOW) in connection with the alleged Rs 4,355 crore scam

Reliance Jio alleged TRAI's IUC review anti-poor; Railway Board staff strength to be reduced; PMC Bank depositors stare at uncertain future and more news on News Blast.

Money stuck for nearly a month, PMC Bank depositors stare at uncertain futureNearly 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. Many fear that they might lose their lifetime earnings deposited in savings accounts, or in the form of fixed deposits. So far, three depositors have lost their liv...

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

PMC Bank crisis: 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.

The chief economist at Goldman Sachs indicates that consumption has been falling since January 2018, which is much before then the end August 2018 default by IL&FS which triggered the liquidity crisis for NBFCs.

Is your investment in small savings schemes safe? Let's find out

A Supreme Court bench headed by Chief Justice of India Ranjan Gogoi asked petitioner can approach the concerned high court for appropriate relief

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.