RBI bars PMC Bank from doing business for 6 months

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  • PMC Bank crisis: FM Sitharaman meets PMC bank depositors at BJP office

    PMC Bank crisis: FM Sitharaman meets PMC bank depositors at BJP office

    Mumbai: Union Finance Minister arrived at Bharatiya Janata Party (BJP) office in Mumbai’s Nariman Point on Oct 11. She held a meeting with depositors of Punjab and Maharashtra Co-operative (PMC) Bank. Depositors of PMC Bank were holding protest. The RBI has put major restrictions on the transaction of this bank.
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    Watch PMC Bank crisis: FM Sitharaman meets PMC bank depositors at BJP office With HD Quality

    By Catch News| 560 views

  • RBI puts curb on PMC Bank, only Rs1000 can be withdrawn; restrictions imposed for 6 months

    RBI puts curb on PMC Bank, only Rs1000 can be withdrawn; restrictions imposed for 6 months

    The Reserve Bank on Tuesday imposed operational restrictions on Punjab and Maharashtra Co-operative Bank (PMC Bank), resulting in chaos outside its branches in the financial capital.As per the RBI directions to PMC Bank, withdrawals have been capped at Rs 1,000 per account and the bank is not allowed to make any fresh loans.The RBI monitors banks' health and issues such directions in case of concerns over financial health of an institution. However, no reasons were specified by the central bank for its restrictions on PMC Bank.

    Watch RBI puts curb on PMC Bank, only Rs1000 can be withdrawn; restrictions imposed for 6 months With HD Quality

    By The Economic Times| 1183 views

  • PMC खाताधारकों को सुप्रीम कोर्ट से झटका | Supreme Court denies hearing in PMC Bank case | #DBLIVE

    PMC खाताधारकों को सुप्रीम कोर्ट से झटका | Supreme Court denies hearing in PMC Bank case | #DBLIVE

    #HindiNews | #BreakingNews | #Watch | #video |

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    Watch PMC खाताधारकों को सुप्रीम कोर्ट से झटका | Supreme Court denies hearing in PMC Bank case | #DBLIVE With HD Quality

    By DB Live| 595 views

  • 'Working on amending co-operative bank law': RBI Guv Das on PMC Bank crisis

    'Working on amending co-operative bank law': RBI Guv Das on PMC Bank crisis

    Reserve Bank Governor Shaktikanta Das on Thursday said it is closely monitoring the situation at scam-hit PMC Bank and a forensic audit is underway. He said co-operative societies amendment act is being worked on. "PMC Bank situation is being closely monitored. Forensic audit is underway in PMC Bank case," Das told reporters after a meeting of the Financial Stability and Development Council (FSDC) here.

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    Watch 'Working on amending co-operative bank law': RBI Guv Das on PMC Bank crisis With HD Quality

    By The Economic Times| 242 views

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  • PMC पीड़ितों का भाजपा मुख्यालय पर प्रदर्शन | PMC victims protest at BJP headquarters | #DBLIVE

    PMC पीड़ितों का भाजपा मुख्यालय पर प्रदर्शन | PMC victims protest at BJP headquarters | #DBLIVE

    #HindiNews | #BreakingNews | #Watch | #video |
    PMC पीड़ितों का भाजपा मुख्यालय पर प्रदर्शन | PMC victims protest at BJP headquarters | #DBLIVE

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    Watch PMC पीड़ितों का भाजपा मुख्यालय पर प्रदर्शन | PMC victims protest at BJP headquarters | #DBLIVE With HD Quality

    By DB Live| 306 views

  • Watch: Chaos outside PMC bank in Mapusa after RBI imposes restrictions

    Watch: Chaos outside PMC bank in Mapusa after RBI imposes restrictions

    Watch: Chaos outside PMC bank in Mapusa after RBI imposes restrictions

    Watch Watch: Chaos outside PMC bank in Mapusa after RBI imposes restrictions With HD Quality

    By ingoanews| 252 views

  • RBI increases withdrawal limit from PMC Bank customers to Rs 10,000 from Rs 1,000

    RBI increases withdrawal limit from PMC Bank customers to Rs 10,000 from Rs 1,000

    In a relief for Punjab & Maharashtra Cooperative (PMC) Bank customers, the Reserve Bank of India today increased the withdrawal limit from Rs 1,000 to Rs 10,000."Other terms and conditions of the said Directive shall remain unchanged. With the above relaxation, more than 60% of the depositors of the Bank will be able to withdraw their entire account balance," RBI said in a statement.

    Watch RBI increases withdrawal limit from PMC Bank customers to Rs 10,000 from Rs 1,000 With HD Quality

    By The Economic Times| 387 views

  • Why RBI put restrictions on PMC Bank, what happens to deposits when such restrictions are placed?

    Why RBI put restrictions on PMC Bank, what happens to deposits when such restrictions are placed?

    The lives of thousands of account holders of Punjab and Maharashtra Co-operative Bank were thrown into disarray. This is because RBI ordered PMC Bank not to engage in any business for six months and capped depositor withdrawals. Shambhavi Mehrotra of ET Online tells you why RBI put restrictions on the bank and happens to your deposits if RBI places PMC-like restrictions on your bank? (Additional Inputs: Mumbai Mirror)

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    Watch Why RBI put restrictions on PMC Bank, what happens to deposits when such restrictions are placed? With HD Quality

    By The Economic Times| 581 views

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Published on: Sep 25, 2019
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The Reserve Bank of India (RBI) has barred the Punjab & Maharashtra Cooperative Bank Ltd (PMC), Mumbai from carrying out the majority of its routine business transactions for a period of six months, sparking panic among the depositors and sending shock-waves in the city banking and business circles on Tuesday.

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Watch RBI bars PMC Bank from doing business for 6 months With HD Quality

#businessnews#FinancialNews#rbinews#PMCBank#punjabmaharashtracooperativebank#PunjabandMaharashtraCooperativeBankLtd#RBIPunjabandMaharashtraCooperativeBankLtd


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  • PMC Bank crisis: FM Sitharaman meets PMC bank depositors at BJP officeUp next

    PMC Bank crisis: FM Sitharaman meets PMC bank depositors at BJP office

    Mumbai: Union Finance Minister arrived at Bharatiya Janata Party (BJP) office in Mumbai’s Nariman Point on Oct 11. She held a meeting with depositors of Punjab and Maharashtra Co-operative (PMC) Bank. Depositors of PMC Bank were holding protest. The RBI has put major restrictions on the transaction of this bank.
    #catchnews #CatchNewsToday

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    Lots of videos and lots more in the pipeline. Stay tuned.

    Watch PMC Bank crisis: FM Sitharaman meets PMC bank depositors at BJP office With HD Quality

    By Catch News| 560 views

  • RBI puts curb on PMC Bank, only Rs1000 can be withdrawn; restrictions imposed for 6 months

    RBI puts curb on PMC Bank, only Rs1000 can be withdrawn; restrictions imposed for 6 months

    The Reserve Bank on Tuesday imposed operational restrictions on Punjab and Maharashtra Co-operative Bank (PMC Bank), resulting in chaos outside its branches in the financial capital.As per the RBI directions to PMC Bank, withdrawals have been capped at Rs 1,000 per account and the bank is not allowed to make any fresh loans.The RBI monitors banks' health and issues such directions in case of concerns over financial health of an institution. However, no reasons were specified by the central bank for its restrictions on PMC Bank.

    Watch RBI puts curb on PMC Bank, only Rs1000 can be withdrawn; restrictions imposed for 6 months With HD Quality

    By The Economic Times| 1183 views

  • PMC खाताधारकों को सुप्रीम कोर्ट से झटका | Supreme Court denies hearing in PMC Bank case | #DBLIVE

    PMC खाताधारकों को सुप्रीम कोर्ट से झटका | Supreme Court denies hearing in PMC Bank case | #DBLIVE

    #HindiNews | #BreakingNews | #Watch | #video |

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    Watch PMC खाताधारकों को सुप्रीम कोर्ट से झटका | Supreme Court denies hearing in PMC Bank case | #DBLIVE With HD Quality

    By DB Live| 595 views

  • 'Working on amending co-operative bank law': RBI Guv Das on PMC Bank crisis

    'Working on amending co-operative bank law': RBI Guv Das on PMC Bank crisis

    Reserve Bank Governor Shaktikanta Das on Thursday said it is closely monitoring the situation at scam-hit PMC Bank and a forensic audit is underway. He said co-operative societies amendment act is being worked on. "PMC Bank situation is being closely monitored. Forensic audit is underway in PMC Bank case," Das told reporters after a meeting of the Financial Stability and Development Council (FSDC) here.

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    Watch 'Working on amending co-operative bank law': RBI Guv Das on PMC Bank crisis With HD Quality

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    PMC पीड़ितों का भाजपा मुख्यालय पर प्रदर्शन | PMC victims protest at BJP headquarters | #DBLIVE

    #HindiNews | #BreakingNews | #Watch | #video |
    PMC पीड़ितों का भाजपा मुख्यालय पर प्रदर्शन | PMC victims protest at BJP headquarters | #DBLIVE

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  • RBI increases withdrawal limit from PMC Bank customers to Rs 10,000 from Rs 1,000

    RBI increases withdrawal limit from PMC Bank customers to Rs 10,000 from Rs 1,000

    In a relief for Punjab & Maharashtra Cooperative (PMC) Bank customers, the Reserve Bank of India today increased the withdrawal limit from Rs 1,000 to Rs 10,000."Other terms and conditions of the said Directive shall remain unchanged. With the above relaxation, more than 60% of the depositors of the Bank will be able to withdraw their entire account balance," RBI said in a statement.

    Watch RBI increases withdrawal limit from PMC Bank customers to Rs 10,000 from Rs 1,000 With HD Quality

    By The Economic Times| 387 views

  • Why RBI put restrictions on PMC Bank, what happens to deposits when such restrictions are placed?

    Why RBI put restrictions on PMC Bank, what happens to deposits when such restrictions are placed?

    The lives of thousands of account holders of Punjab and Maharashtra Co-operative Bank were thrown into disarray. This is because RBI ordered PMC Bank not to engage in any business for six months and capped depositor withdrawals. Shambhavi Mehrotra of ET Online tells you why RBI put restrictions on the bank and happens to your deposits if RBI places PMC-like restrictions on your bank? (Additional Inputs: Mumbai Mirror)

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    Watch Why RBI put restrictions on PMC Bank, what happens to deposits when such restrictions are placed? With HD Quality

    By The Economic Times| 581 views

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