Page 2 - Latest Updates on PMC Bank Crisis
SC to hear PIL seeking interim protection for PMC Bank customers on Friday
PIL seeks comprehensive guidelines to avoid another crisis like that of PMC Bank, seeks 100 per cent insurance of deposits
 "SC to hear PIL seeking interim protection for PMC Bank customers on Friday")
Will protect depositors' interests, PMC chief assures RBI governor
The meeting with Das, deputy governor and other senior officials of the Central bank came after police authorities confirmed the death of one more depositor, Fattomal Punjabi (61) due to natural cause
PMC Bank case: Praful Patel used Wadhawans' aircraft eight times, says ED
So far, the ED has attached and identified assets worth Rs 3,830 crore in the PMC money laundering case
 "PMC Bank case: Praful Patel used Wadhawans' aircraft eight times, says ED")
PMC Bank depositor commits suicide, another dies of heart attack
Dr Nivedita Bijlani (39), who allegedly ended life on Monday evening, and Sanjay Gulati (51) who died of a heart attack on the same day, had deposits of over Rs 90 lakh each
 "PMC Bank depositor commits suicide, another dies of heart attack")
Top headlines: Wipro Q2 beats estimates, oil firms put Air India on notice
Also in the news on Tuesday: Reliance Jio blasts telecom regulator for its proposal on call connect charges.
 "Top headlines: Wipro Q2 beats estimates, oil firms put Air India on notice")
ED summons Praful Patel on Oct 18 for probe in money laundering case
The Enforcement Directorate (ED) is expected to record Patel's statement under the Prevention of Money Laundering Act
 "ED summons Praful Patel on Oct 18 for probe in money laundering case")
Mumbai resident who had Rs 90 lakh with PMC Bank dies of heart attack
Sanjay Gulati, the deceased, had lost his job at Jet Airways when the airline was grounded in April, his famly said. He also had a specially-abled child to support
 "Mumbai resident who had Rs 90 lakh with PMC Bank dies of heart attack")
Fadnavis assures PMC bank depositors to ease woes with Centre's help
Fadnavis pointed out that the Mumbai police's Economic Offences Wing (EOW) had lodged a complaint and was probing the issue
 "Fadnavis assures PMC bank depositors to ease woes with Centre's help")
Wadhawans, Waryam Singh instructed me to hide bad debt, says Joy Thomas
However, when the accused came face to face, they shifted the onus of their acts onto each other, revealed the remand extension application given by the EOW in a Mumbai court on Monday
 "Wadhawans, Waryam Singh instructed me to hide bad debt, says Joy Thomas")
RBI relief for PMC Bank depositors, withdrawal limit hiked to Rs 40,000
RBI said it reviewed the bank's liquidity position and, with a view to reducing the hardship of the depositors, it decided to further enhance the limit
 "RBI relief for PMC Bank depositors, withdrawal limit hiked to Rs 40,000")
PMC Bank depositors to file a writ petition in Bombay HC on Tuesday
PMC ex-MD Joy Thomas has accepted that his board helped him in manipulating more than 21000 bogus accounts
 "PMC Bank depositors to file a writ petition in Bombay HC on Tuesday")
RBI raises withdrawal limit to Rs 40,000 for account holders at PMC Bank
The move follows the weekend assurance by finance minister Nirmala Sitharaman to urge the Reserve Bank to look into the woes of the depositors of the cooperative bank with urgency
Assets worth Rs 3,830 cr seized, identified in PMC Bank case: ED
The identified assets will soon be attached under the Prevention of Money Laundering Act (PMLA).
 "Assets worth Rs 3,830 cr seized, identified in PMC Bank case: ED")
Govt closely monitoring developments at PMC Bank, says Sitharaman
PMC is in bad health allegedly due to its exposure to near-bankrupt realty player HDIL, to which it has loaned over 70 per cent of its Rs 9,000 crore in advances
 "Govt closely monitoring developments at PMC Bank, says Sitharaman")
How to fix the PMC Bank crisis
What we need is a simple principle to be applied here: All deposit-taking organisations should come under the sole supervision of the RBI
Spoken to RBI guv, concerns of PMC Bank's customers will be addressed: FM
PMC is in bad health allegedly due to its exposure to near-bankrupt realty player HDIL, to which it has loaned over 70 per cent of its Rs 9,000 crore in advances
 "Spoken to RBI guv, concerns of PMC Bank's customers will be addressed: FM")
Will discuss PMC Bank issue with PM Modi: Fadnavis tells depositors
Fadnavis said he would be meeting Modi on October 13, and he had already prepared a brief on the PMC Bank issue for the meeting
PMC case: ED initiates proceedings to attach Wadhawan's UK, UAE properties
PMC's exposure to HDIL is over Rs 6,000 crore
 "PMC case: ED initiates proceedings to attach Wadhawan's UK, UAE properties")
FM Sitharaman faces irate PMC Bank depositors, promises legislation
The minister said she will speak to RBI Governor Shaktikanta Das about the interest of the depositors and convey their urgency and distress
 "FM Sitharaman faces irate PMC Bank depositors, promises legislation")
PMC Bank crisis: Financial sector needs governance rehaul, says S&P
The RBI has appointed an administrator and superseded the board of directors at PMC, after the discovery of major financial irregularities
