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PMC Scam

RBI Provides Draft Scheme For Takeover Of PMC Bank By Unity Small Finance Bank

Nov 22, 2021 Outlook Business Team

The Unity Small Finance Bank started its operations as a small finance bank (SFB) from November 1. It had been issued a licence under Section 22 (1) of the Banking Regulation Act (1949) for operating as an SFB in India.

PMC Bank Fraud Case: ED Again Summons Sanjay Raut's Wife Varsha

Jan 06, 2021 Outlook Web Bureau

Varsha Raut was grilled and her statement recorded under the Prevention of Money Laundering Act (PMLA) by the central probe agency for the first time on January 4.


Shiv Sena MP Sanjay Raut's Wife Reaches ED Office In PMC Bank scam

Varsha Raut reached the ED office at Ballard Pier in South Mumbai around 3 pm after she was summoned by the central agency.

Govt Plans To Raise Insurance Cover On Bank Deposits To Above Rs 1 Lakh: Nirmala Sitharaman

Nov 15, 2019 PTI

The proposed move comes in the wake of a large-scale scam in the PMC Bank.


RBI Hikes PMC Bank Cash Withdrawal Limit To Rs 50,000

With the above relaxation, more than 78% of the depositors of the bank will be able to withdraw their entire account balance.

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05 November, 2019

'Is Our Money Safe?': PMC Depositors Demand Written Assurance From RBI, Govt As Protest Enters 41st Day

Outlook Web Bureau

In September, the RBI restricted the activities of the PMC Bank for six months including withdrawing of funds and acceptance of fresh deposits after an alleged fraud of Rs 4,355 crore came to light.


29 October, 2019

No Option 'But To Become Terrorist': PMC Depositors Protest Outside RBI Office

PTI

The PMC Bank has been put under restrictions by the RBI after an alleged fraud of Rs 4,355 crore scam came to light.


18 October, 2019

PMC Bank Scam: HDIL's Wadhawans Get ED Custody Till Oct 22

PTI

The Economic Offences Wing earlier this month registered a case against the Wadhawans and top officials of the PMC Bank for allegedly causing losses to the tune of Rs 4,355.43 crore to the bank.


18 October, 2019

Fourth PMC Tragedy: 83-Year-Old Heart Patient Depositor Dies

PTI

Murlidhar Dharra, had as much as Rs 80 lakh in deposits with PMC Bank but could not withdraw the money due to the RBI curbs.


Photo Gallery

A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.

PTI Photo

Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.

PTI Photo

A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.

PTI Photo

Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan

The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan
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