HDIL PMC Bank’s total dues stood at Rs 2549 crore and release of assets worth Rs 2,400 crore will cover 90 per cent of the original dues, the decision was taken in a meeting between ED and PMC administrators.
There is good news for the account holders of Punjab and Maharashtra Co-operative (PMC) Bank. The Enforcement Directorate (ED) plans to release the mortgaged assets of Housing Development and Infrastructure (HDIL) with PMC Bank. ED will plan to release the mortgaged assets of HDIL with PMC Bank. Under this, assets worth Rs 2400 crore will be released. This will reduce the liability of Centrum from the payments made to the account holders.
The total dues of HDIL PMC Bank stood at Rs 2549 crore and release of assets worth Rs 2,400 crore would cover 90 per cent of the original dues, the decision was taken in a meeting between ED and PMC administrators.
How you will benefit
can get the information of Rs 5 lakh PMC holders that it is stated in a statement issued by the Deposit Insurance and Credit Guarantee Corporation (DICGC) said. It is also worth knowing that DICGC has also released the list of 21 banks whose account holders can get benefit up to five lakhs. But this money will be given to only those account holders who are eligible for it. For the time being, the operations of these banks have been stopped.
These claims will be settled in accordance with Section 18A of the said Act and the procedure of the Corporation. Regarding the insurance amount of the account holders, instructions have been given to these banks that the claim of the insurance holders should be deposited within 45 days. So that the process of sending money to these account holders can be completed soon. These claims will be verified and settled by DICGC (November 29, 2021) within the next 45 days.
these banks will have to give the claim list by October 15, 2021 and in the final list on November 29, 2021 (with principal and interest) so that the DICGC can settle the claim and discharge its insurance. The payment will be made within 30 days of receipt i.e. by December 29, 2021.
