scorecardresearch
Add as a preferred source on Google
Thursday, October 2, 2025
TopicPMC Bank

Topic: PMC Bank

Lok Sabha passes bill allowing depositors to get insurance money in 90 days

Finance Minister Nirmala Sitharaman said the legislation will benefit small depositors, including those of the Punjab and Maharashtra Cooperative Bank.

Depositors can now get insurance money in 90 days if their bank is placed under moratorium

The Union cabinet has cleared changes in a decision that will help depositors in banks that have been placed under a moratorium by the RBI.

How did fintech start-up BharatPe manage to win a banking licence from RBI?

BharatPe’s unexpected bonanza could well set a template for post-Covid recapitalisation of Indian lenders.

RBI allows takeover of PMC bank by Centrum Financial Services to set up small finance bank

In September 2019, RBI had placed PMC under regulatory restrictions, including cap on withdrawals by its customers, after detection of certain financial irregularities.

Hope for troubled PMC Bank as 4 entities show interest in acquiring it

PMC Bank, put under restrictions in September 2019, had invited expressions of interest in November, and 4 entities — financial sector players and corporates — have come forward.

Delhi HC pulls up RBI for letting PMC Bank decide on depositors’ emergency money requests

The court said the RBI cannot act as a post office and has to be the one deciding which depositors can access money, and not PMC Bank.

Mumbai designer’s financial distress began before Arnab Goswami’s office contract

A selection of the best news reports, analysis and opinions published by ThePrint this week.

Ray of hope for PMC Bank revival as investors show interest

Potential investors will have the option to convert PMC Bank into a small finance bank provided they meet the RBI’s licensing conditions.

Net worth wiped out, withdrawal restrictions, no resolution — PMC Bank’s worse off 1 year on

RBI’s process to fix the bank hasn’t yielded any results. The bank’s net worth is wiped out and its depositors are struggling with restrictions on withdrawal.

ED attaches 3 Delhi hotels worth Rs 100 crore in PMC Bank case

The hotels belonged to the Fab Hotels group. Last year, ED filed a PMLA case to probe into alleged loan fraud in the Punjab and Maharashtra Co-operative Bank.

On Camera

Political MK Gandhi failed, caused harm. Gave Congress its tradition of backseat driving

Gandhi’s life shows how politics should not be done. Then where did this Gandhi-worship arise in India? It is a petty political ritual.

More Andhra-style prawn fry for Indian plates? How Naidu’s trying to blunt US tariff hit on aqua exports

Naidu attempts to shield aqua farmers after Trump’s tariff hits the shrimp farming sector in Andhra Pradesh, leading to the cancellation of 50% of the state's exports.

Finnish giant ICEYE to build signature radar microsatellites in India, offers full control to govt

Company builds microsatellites that are smaller, faster, cheaper to produce. ICEYE will develop & launch micro-satellites, hand them over to India, which will have full control & sovereignty.

Something’s hidden in the Oval Office photo of Trump, Munir, Sharif. India must look closely

What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.