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Total 45 results found. Search for [ PMC account holders ]

Results 40 to 45 of 45
Anand Adhikari
September 26, 2019
Surprisingly, last time the maximum deposit insurance limit for depositors was changed two and a half decades ago.

New Delhi, September 26, 2019
PMC Bank crisis: Customers have also written to the RBI to revoke the restrictions made on the lender. The letter states that such a restriction will inflict great hardship on the depositors.

New Delhi, September 24, 2019
The Reserve Bank of India (RBI) imposed regulatory restrictions on Mumbai-based Punjab and Maharashtra Cooperative Bank (PMC). Following the RBI order that account holders will be able to withdraw only Rs 1,000 from their accounts, angry customers have thronged the bank's branches demanding some explanation. Watch the video for more.

September 24, 2019
The RBI under the Banking Regulation Act, 1949 act can also impose restrictions on banks to ensure better governance and control. Meanwhile, Section 56 of the act is applicable to cooperative societies.

Chitranjan Kumar
New Delhi, September 24, 2019
PMC Bank's asset quality declined as gross non-performing assets (NPAs) ratio - bad loans as a percentage of gross advances - rose to 3.76 per cent, versus 1.99 per cent in the previous year

New Delhi, September 24, 2019
PMC Bank: Customers have also urged the RBI to allow them to withdraw their money before implementing the restrictions.

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