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Small finance bank to take over PMC Bank: RBI tells Delhi HC indiatvnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatvnews.com Daily Mail and Mail on Sunday newspapers.
Given approval to set up small finance bank to take over PMC Bank: RBI to Delhi High Court newindianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newindianexpress.com Daily Mail and Mail on Sunday newspapers.
: Friday, May 14, 2021, 2:26 PM IST Depositors are already allowed to withdraw up to Rs 5 lakhs for treatment, says RBI in PMC Bank matter Depositors are already allowed to withdraw up to Rs 5 lakhs for treatment, says RBI in PMC Bank matter Photo: ANI The Reserve Bank of India (RBI) in a response filed in Delhi High Court stated that depositors Punjab Maharashtra Cooperative (PMC) Bank are already allowed to withdraw up to Rs 5 lakhs on hardship grounds for treatment of terminal illnesses, including treatment of COVID-19. It is the duty of Punjab Maharashtra Cooperative (PMC) to pay hardship amount to the eligible depositors as per directions of RBI and subject to availability of liquidity with that bank. To expedite the process, the authority for approving the payment under hardship grounds has also been delegated to the PMC Bank, states RBI reply in Delhi High Court. ....
/ HC issues notice to PMC Bank on plea seeking release of emergency funds to meet needs due to COVID-19 ANI / Updated: May 4, 2021, 08:33 IST RBI), Punjab and Maharashtra Cooperative ( PMC) Bank and others on an application seeking immediate release of emergency funds to meet the financial needs arising out of sudden outbreak of second wave of COVID-19. Justice DN Patel and Justice Jasmeet Singh sought response from all the respondents and asked the RBI to be sympathetic to the depositors. The bench slated the matter for May 13. The interim application was filed in the pending petition filed by Bejon Kumar Misra challenging withdrawal limits in PMC Bank. ....
New Delhi [India], May 3 (ANI): The Delhi High Court on Monday issued notice to the Centre, Reserve Bank of India (RBI), Punjab and Maharashtra Cooperative (PMC) Bank and others on an application seeking immediate release of emergency funds to meet the financial needs arising out of sudden outbreak of second wave of COVID-19. ....