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Monday, August 11, 2025
TopicPMC Bank

Topic: PMC Bank

Lok Sabha passes Bill giving RBI more power over co-op banks, to avoid PMC Bank-like situation

Finance Minister Nirmala Sitharaman said the Bill would protect depositors, but some opposition parties said the legislation would infringe on state powers.

Shiv Sena leader seeks merger of ailing PMC Bank to provide relief to depositors

Raising the issue in the Maharashtra Legislative Assembly, Shiv Sena leader Ravindra Waikar claimed 19 depositors of the bank have died ever since the scam came to light in September this year.

PMC bank depositors protest in Mumbai, want restrictions on cash withdrawal lifted

The bank had initially capped the deposit withdrawal at Rs 10,000 but later raised it to Rs 40,000.

Dinamani calls out FM & RBI on PMC, Dainik Bhaskar doubts Ayodhya mediation

A round up of the Hindi and Tamil newspapers opinion pages to reflect a North-South viewpoint on topical issues.

For India’s Sikh community, collapse of PMC Bank is like a second Partition

PMC Bank’s 16 lakh account holders are waiting for a roadmap for the future even as RBI enhances withdrawal limit for depositors to Rs 40,000.

Nirmala’s husband says BJP in ‘denial mode’ about slowdown & Sandipan Deb slams Thunberg

The best of the day’s opinion, chosen and curated by ThePrint’s top editors.

After PMC Bank scam, board of co-op bank in Pune dismissed due to ‘serious irregularities’

Nearly 1 lakh depositors haven't been able to withdraw money from Shivajirao Bhosale Co-op Bank, promoted by NCP leader Anil Shivajirao Bhosale.

PMC fiasco shows why it’s time to pull the plug on urban cooperative banks

Rather than waste resources on recovery and sustenance of urban cooperative banks, focus can be on articulating a credit disbursement mechanism.

Xi Jinping’s Chinese connect with Tamil Nadu and PM Modi’s instructions to Rajnath Singh

The best cartoons of the day, chosen by the editors at ThePrint.

On Camera

Rahul’s ‘vote chori’ attack on EC is a political dead-end. He still has a point

The ECI needs to respond to Rahul Gandhi’s accusations professionally and transparently. Else, it will end up giving him the ammunition he is desperately seeking.

How mining, manufacturing & power sectors weighed on India’s industrial output since January 2024

India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.

‘Next war may come sooner than expected, will require whole-of-nation approach’—Army chief

Gen Dwivedi framed Op Sindoor not just as retaliation to Pahalgam, but as demonstration of India’s capability to fight multi-domain conflicts with integration between services & agencies.

Modi’s ready to risk it all for farmers. Farm reform can answer Trump with new Green Revolution

Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.