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2 mins read
The former boss of India's largest bank joins a soon-to-be small finance bank — here's why
The three-year-old startup plans to expand itself into a small finance bank, catering to the nee…
5 mins read
Two years after the PMC Bank crisis, depositors of stressed banks to get up to ₹5 lakh by December
“Accordingly, DICGC shall pay the depositors of the insured banks (as per list) placed under AID…
2 mins read
PMC Bank will have a new owner in Centrum and BharatPe
The PMC Bank has been facing regulatory action and investigations over the alleged irregularit…
2 mins read
Tiger Global pumps enough money to make BharatPe a unicorn about a month after it got a banking licence with Centrum as its partner
BharatPe is the latest entrant to the unicorn club, after it raised $370 million in a Series E roun…
1 min read
BharatPe’s banking licence, Digit’s funding, Mswipe’s new CEO and more -- mega deals and launches in India’s fintech space
As India celebrated its micro, small and medium enterprises (MSMEs) this week -- as part of the MSM…
Kritti Bhalla
1 min read
Lakshmi Vilas Bank is the fifth financial firm to collapse in India within the last 30 months
The downfall of Lakshmi Vilas Bank (LVB) was in the making for over a year, and it’s only the mos…
Prabhjote Gill
1 min read
PMC to distribute homoeopathic drug in COVID-19 hotspots
"We have received some 14 lakh vials of the immunitybooster medicine- arsenicum album 30- and we wi…
PTI
2 mins read
PMC Bank scam: Sanjay Raut's wife Varsha deposes before ED in connection with the money laundering probe
According to ED sources, she arrived at the financial probe agency office here in the afternoon.…
1 min read
Shiv Sena MP Sanjay Raut's wife summoned for questioning in PMC Bank money laundering case
The summons for questioning has been issued to her under the provisions of the Prevention of Mon…
PTI
1 min read
PMC Bank issue raised in Lok Sabha
R S Sharma (BJP) said the government
PTI
1 min read
Distressed PMC depositors hold protest at RBI
New Delhi, Nov 20 () Distressed depositors of scam-hit PMC Bank on Wednesday held a day long protec…
PTI
3 mins read
In pics: Thousands of customers of a small bank in India panic after the regulator cracks the whip
Thousands of customers of Punjab & Maharashtra Cooperative Bank (PMC) woke up to a terse notifi…
2 mins read
PMC wants referral policy for critical COVID-19 patients
"I have even proposed that if any critical COVID-19patient is being referred to the Sassoon Hospita…
PTI
2 mins read
Scam-hit PMC bank depositors are inspired by Shaheen Bhag protests
Scam-hit PMC Bank's depositors from Delhi staged a protest outside the Reserve bank of India here o…
PTI
1 min read
RBI extends regulatory restrictions on PMC Bank by 3 months
"It is hereby notified for the information of the public that the validity of the directive dated …
PTI
1 min read
PMC Bank case: HC seeks info on health condition of Wadhawans
The fraud at the Punjab and Maharashtra Cooperative (PMC) Bank came to light in September 2019 afte…
PTI
1 min read
Bombay HC grants bail to PMC Bank fraud case accused
"He has various medical complications, including the said surgery, and a spinal refiguration. The c…
PTI
2 mins read
India Budget 2020: Bank scam victims are assured of ₹5 lakh instead of ₹1 lakh
“A robust mechanism is in place to monitor the health of all banks and the money of deposito…
1 min read
Lockdown: PMC allows more non-essential item shops to open
Pune, May 12 () The Pune Municipal Corporation hasallowed laundry, stationery, vehicle spare parts,…
PTI
1 min read
RBI engaged with all stakeholders to find workable solution for PMC, says governor
Last year in September, the Reserve Bank of India (RBI) had placed various regulatory restrictions …