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Punjab and Maharashtra Co-operative Bank (PMC Bank): Rs. 1 lakh withdrawal limit imposed by RBI
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HDFC Bank surrounded by lending crisis
The bank's m-cap has surged by $21 billion in past one year.
www.deccanherald.com
And now even HDFC bank in crisis....
PMC Bank crisis: RBI raises customers’ withdrawal limit from Rs 25,000 to Rs 40,000
The central bank said it was ‘closely monitoring’ developments related to the lender.
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RBI extends restrictions on scam-hit PMC Bank till 31 March
RBI says 4 proposals have been received for the EoI sought by the fraud-hit multi-state urban cooperative bank from potential investors for investment or equity participation in the bank for its reconstruction
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If they dig books of every co-op society out there, 75% of the societies will be in similar condition. Nothing inside.
Small finance bank will take over PMC Bank soon: RBI tells Delhi HC
Earlier, RBI stated that depositors are already allowed to withdraw up to ₹5 lakh on hardship grounds for treatment of terminal illnesses, including treatment of Covid-19.The Bench of Justice DN Patel and Justice Jyoti Singh on Monday, after taking note of the submission on behalf of the RBI...
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RBI announces draft scheme for amalgamation of PMC Bank, Unity Small Finance Bank; PMC depositors to get full amount over 10 years
The draft envisages takeover of the assets and liabilities of PMC Bank, including deposits, by USFB.
www.moneycontrol.com
