MUMBAI (Reuters) - Punjab and Maharashtra Co-operative Bank (PMC) used more than 21,000 fictitious accounts to hide loans it made, according to a police complaint lodged by Indian officials, in the ...

The Economic Offences Wing (EOW) of the Mumbai Police on Tuesday secured the custody of two auditors, who conducted audits when the alleged scam was committed at the Punjab & Maharashtra Co-operative ...

HDIL’s Rakesh Wadhwan and Sarang Wadhwan and PMC Banks’ Waryam Singh have been arrested in connection with the ₹4,355 crore Punjab and Maharashtra Co-operative (PMC) Bank fraud case. The order by the ...

The central banking institution asked the bank to restrict their activities for six months and refrain from renewing or granting loans Account holders stand outside a brack of the Punjab and ...

Mumbai: The Bhandup police have registered a fresh cheating case against Joy Thomas, former managing director of the Punjab and Maharashtra Co-operative (PMC) Bank and a key accused in the ...

Adding details) Mumbai, Jan 25 (PTI) In a relief for jittery depositors, all branches of the crisis-hit PMC Bank will now function as the branches of the Unity Small Finance Bank Ltd (USFBL) with the ...