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Total 15 results found. Search for [ RBI superseded Board of PMC Bank ]

Results 1 to 15 of 15
September 22, 2020
PMC Bank's present administrator Jai Bhagwan Bhoria has stepped down on September 22 due to health reasons

New Delhi, June 19, 2020
With the relaxation in withdrawal limit, more than 84 per cent of the PMC Bank's depositors will be able to withdraw their entire account balance

March 21, 2020
The restriction on Punjab and Maharashtra Cooperative (PMC) Bank included barring the bank from lending and accepting fresh deposits

New Delhi, March 6, 2020
Yes Bank News Updates: In the reconstruction scheme for YES Bank, the government has said that the SBI is willing to investment in the troubled private lender

Vivek Punj
March 5, 2020
YES Bank news: The RBI has asked YES Bank customers not to panic as it will devise and implement a solution within 30 days

New Delhi, February 5, 2020
The government has taken this move in the wake of the Punjab and Maharashtra Co-operative (PMC) Bank crisis

Prasanna Mohanty
December 1, 2019
Insolvency and Bankruptcy Rules of 2019 would help but more needs to be done: tighter RBI control and supervision, infusion of long-term funds (including capital) and reduction in mismatch in assets and liabilities

New Delhi, November 12, 2019
The auditors identified as Jayesh Sanghani and Ketan Lakdawala belong to an audit firm, which was hired by Punjab and Maharashtra Cooperative (PMC) Bank to conduct routine audits

New Delhi, November 5, 2019
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

New Delhi, October 14, 2019
The RBI said it is closely monitoring the developments and will continue to take necessary steps in the interest of PMC Bank depositors

New Delhi, October 4, 2019
The Economic Offences Wing (EOW) of Mumbai Police on Friday arrested the suspended managing director of Punjab and Maharashtra Cooperative (PMC) Bank Joy Thomas

New Delhi, October 4, 2019
Defending the RBI's action in the PMC case, Shaktikanta Das said the central bank acted very swiftly and promptly after it was brought to its notice

New Delhi, October 3, 2019
The RBI promised to keep an eye on the position of the Punjab and Maharashtra Co-operative Bank and take necessary steps in the interest of its depositors

New Delhi, September 30, 2019
The RBI has appointed Jai Bhagwan Bhoria as the administrator of the PMC Bank with all the powers of the board

September 24, 2019
The case is based on a Mumbai Police FIR that had named the then directors of the bank, former deputy chief minister of the state Ajit Pawar and 70 former functionaries of the cooperative bank