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Punjab & Maharashtra Co-operative Bank News

Punjab & Maharashtra Co-operative Bank

03 Dec 2021

PMC Bank fraud case: SC refuses to entertain bail plea of Rakesh Wadhawan

A bench comprising Chief Justice N V Ramana and Justices Surya Kant and Hima Kohli permitted senior advocate Mukul Rohatgi, appearing for Wadhawan, to withdraw the bail plea to approach the high court.

Punjab & Maharashtra Co-operative Bank

31 Oct 2021

PMC Bank Customers, Alert! You won’t get Rs 5 lakh deposit cover in first lot

PMC is currently under the resolution process. In the first lot, customers of 20 stressed banks will receive the secured amount. PMC customers will have to wait a little more to receive the compensation.

05 Nov 2019

PMC Bank crisis: Withdrawal limit raised to Rs 50,000

Reserve Bank of India (RBI) on Tuesday enhanced withdrawal limit for depositors of Punjab and Maharashtra Cooperative (PMC) Bank Ltd to Rs 50,000. Earlier on October 14, the central bank had permitted the depositors of PMC Bank to withdraw up to Rs 40,000 of the total balance in their accounts.

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