Punjab & Maharashtra Co-operative Bank Limited also known as PMC Bank, is a Multi-State Co-operative Bank that began operations in 1983. It has 137 branches spread over half a dozen states of India and nearly 100 branches are in Maharashtra. It is regulated by the Reserve Bank of India and registered under the Cooperative Societies Act.It also has branches in Karnataka, Goa, Delhi, Madhya Pradesh and Gujarat. Read More
The Reserve Bank of India (RBI) on Tuesday told the Delhi High Court that restrictions imposed on withdrawal limits on Punjab and Maharashtra Cooperative (PMC) Bank customers is based on the bank's liquidity position and ability to pay its depositors ...
The Bombay High Court on Wednesday directed the shifting of HDIL promoters Rakesh Kumar Wadhawan and his son Sarang R. Wadhawan, co-accused in the Punjab & Maharashtra Cooperative Bank Ltd. scam, from jail to their residence in Bandra. ...
Thousands of Sri Guru Raghvendra Sahakara Bank depositors on Monday thronged the Sri Guru Narasimha Kalyanamandira auditorium to seek clarification and assurance on the safety of their deposits. ...
The International Monetary Fund (IMF) has suggested India to bring in Financial Resolution and Deposit Insurance Bill to strengthen the financial sector of the country. ...
Spelling a ray of hope for thousands of depositors, the Maharashtra government has suggested merging the Punjab & Maharashtra Cooperative (PMC) Bank with the Maharashtra State Cooperative (MSC) Bank, state minister Jayant Patil said here on Thursday. ...
The Economic Offences Wing (EOW) of Mumbai police on Tuesday arrested three Directors of the Board of Punjab and Maharashtra Co-operative (PMC) Bank in connection with the alleged bank scam case. ...
Union Finance Minister Nirmala Sitharaman has said that the Central government is making efforts to ensure better regulatory mechsm in the banking sector in the backdrop of PMC and IL&FS debt issues. ...
