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FPJ Legal: Bombay High Court adjourns hearing on PMC bank scam accused Rakesh Wadhawan's bail till September 24 freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
PMC Bank Scam: In 2011, a Whistleblower Had Raised Alarm on Fraudulent Activities, Fake FDs Worth Rs250 Crore, But No Action Was Taken moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.
: Friday, May 14, 2021, 2:26 PM IST Depositors are already allowed to withdraw up to Rs 5 lakhs for treatment, says RBI in PMC Bank matter Depositors are already allowed to withdraw up to Rs 5 lakhs for treatment, says RBI in PMC Bank matter Photo: ANI The Reserve Bank of India (RBI) in a response filed in Delhi High Court stated that depositors Punjab Maharashtra Cooperative (PMC) Bank are already allowed to withdraw up to Rs 5 lakhs on hardship grounds for treatment of terminal illnesses, including treatment of COVID-19. It is the duty of Punjab Maharashtra Cooperative (PMC) to pay hardship amount to the eligible depositors as per directions of RBI and subject to availability of liquidity with that bank. To expedite the process, the authority for approving the payment under hardship grounds has also been delegated to the PMC Bank, states RBI reply in Delhi High Court. ....
›Bombay HC grants bail to three former directors of PMC Bank in Rs 4,300 cr scam case Bombay HC grants bail to three former directors of PMC Bank in Rs 4,300 cr scam case SECTIONS Bombay HC grants bail to three former directors of PMC Bank in Rs 4,300 cr scam caseBy Share Synopsis On Wednesday, Justice Prakash D Naik, while granting bail to Nandrajog, Bavisi and Bane in an oral order directed them to submit their passport to the court. However, the bail plea, filed by Dr Vishwanath Sridhar Prabhu, valuer for the bank, was rejected. In September 2019, the Reserve Bank of India (RBI) had imposed restrictions on the fraud-hit multi-state urban cooperative bank, including on withdrawals by customers, following a scam. ....