A Mumbai court on Tuesday extended till October 24 the police remand of Punjab and Maharashtra Cooperative (PMC) Bank’s former director Surjit Singh Arora, arrested in connection with the multi-crore scam in the bank.
In another setback to PMC bank account holders, the Supreme Court on Friday refused to entertain a petition which sought direction to Reserve Bank of India (RBI) against putting a restriction on withdrawal of money.
A man, whose family has a deposit of over Rs 90 lakh with the troubled Punjab and Maharashtra Bank Cooperative (PMC) Bank, died due to a heart attack, sources said on Tuesday.
Chief Minister Devendra Fadnavis on Tuesday said that after assembly elections in the state, he will take up the issue of Punjab and Maharashtra Co-operative (PMC) Bank with the centre.
Union Finance Minister Nirmala Sitharaman met customers of Punjab & Maharashtra Co-operative (PMC) Bank here on Thursday and heard their woes.
Union Minister Anurag Thakur on Wednesday said that RBI’s decision on the Punjab and Maharashtra Cooperative Bank (PMC Bank) to ensure compliance was necessary but steps should be taken to ensure that the stakeholders are not inconvenienced.