Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
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Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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                            <div align="justify">-PTI<br /><br /><em>MUMBAI: </em>The Reserve Bank of India has ordered Punjab and Maharashtra Co-operative (PMC) Bank not to do any business for six months and capped depositor withdrawals at Rs 1,000, throwing the lives of thousands of traders, self-employed and daily wage earners into disarray. The regulator has also appointed an administrator for the bank.<br /><br />Defaults appear to have surged in the past six months amid tight economic conditions and some lumpy loans to real estate companies located in the financial capital that turned sour, making it difficult for the bank to meet its commitments, two people familiar with the matter said.<br /><br />The sudden freeze ahead of the festival season is set to upset calculations of customers and deal a big blow to a state that is heavily reliant on the cooperative bank structure to service millions of customers in its villages. The development comes at an awkward time for the state government in Maharashtra, the BJP, and other political parties such as the NCP and the Congress, which are known to have a strong support base among the customers of cooperative banks. The state goes to polls in October. <br /><br />Please <a href="https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-bars-punjab-maharashtra-co-op-bank-from-business-transactions/articleshow/71271849.cms" title="https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-bars-punjab-maharashtra-co-op-bank-from-business-transactions/articleshow/71271849.cms">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-PTI<br /><br /><em>MUMBAI: </em>The Reserve Bank of India has ordered Punjab and Maharashtra Co-operative (PMC) Bank not to do any business for six months and capped depositor withdrawals at Rs 1,000, throwing the lives of thousands of traders, self-employed and daily wage earners into disarray. The regulator has also appointed an administrator for the bank.<br /><br />Defaults appear to have surged in the past six months amid tight economic conditions and some lumpy loans to real estate companies located in the financial capital that turned sour, making it difficult for the bank to meet its commitments, two people familiar with the matter said.<br /><br />The sudden freeze ahead of the festival season is set to upset calculations of customers and deal a big blow to a state that is heavily reliant on the cooperative bank structure to service millions of customers in its villages. The development comes at an awkward time for the state government in Maharashtra, the BJP, and other political parties such as the NCP and the Congress, which are known to have a strong support base among the customers of cooperative banks. The state goes to polls in October. <br /><br />Please <a href="https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-bars-punjab-maharashtra-co-op-bank-from-business-transactions/articleshow/71271849.cms" title="https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-bars-punjab-maharashtra-co-op-bank-from-business-transactions/articleshow/71271849.cms">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-PTI<br /><br /><em>MUMBAI: </em>The Reserve Bank of India has ordered Punjab and Maharashtra Co-operative (PMC) Bank not to do any business for six months and capped depositor withdrawals at Rs 1,000, throwing the lives of thousands of traders, self-employed and daily wage earners into disarray. The regulator has also appointed an administrator for the bank.<br /><br />Defaults appear to have surged in the past six months amid tight economic conditions and some lumpy loans to real estate companies located in the financial capital that turned sour, making it difficult for the bank to meet its commitments, two people familiar with the matter said.<br /><br />The sudden freeze ahead of the festival season is set to upset calculations of customers and deal a big blow to a state that is heavily reliant on the cooperative bank structure to service millions of customers in its villages. The development comes at an awkward time for the state government in Maharashtra, the BJP, and other political parties such as the NCP and the Congress, which are known to have a strong support base among the customers of cooperative banks. The state goes to polls in October. <br /><br />Please <a href="https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-bars-punjab-maharashtra-co-op-bank-from-business-transactions/articleshow/71271849.cms" title="https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-bars-punjab-maharashtra-co-op-bank-from-business-transactions/articleshow/71271849.cms">click here</a> to read more. <br /></div>                                                           
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RBI imposes restrictions on PMC Bank; withdrawal restricted to Rs 1,000 per account

Published on Sep 25, 2019   Modified on Sep 25, 2019

-PTI MUMBAI: The Reserve Bank of India has ordered Punjab and Maharashtra Co-operative (PMC) Bank not to do any business for six months and capped depositor withdrawals at Rs 1,000, throwing the lives of thousands of traders, self-employed and daily wage earners into disarray. The regulator has also appointed an administrator for the bank. Defaults appear to have surged in the past six months amid tight economic conditions and some lumpy loans to real estate companies located in the financial capital that turned sour, making it difficult for the bank to meet its commitments, two people familiar with the matter said. The sudden freeze ahead of the festival season is set to upset calculations of customers and deal a big blow to a state that is heavily reliant on the cooperative bank structure to service millions of customers in its villages. The development comes at an awkward time for the state government in Maharashtra, the BJP, and other political parties such as the NCP and the Congress, which are known to have a strong support base among the customers of cooperative banks. The state goes to polls in October. Please click here to read more.

The Economic Times, 25 September, 2019, https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-bars-punjab-maharashtra-co-op-bank-from-business-transactions/articleshow/71271849.cms

Tagged with: RBI Reserve Bank of India Punjab and Maharashtra Co-operative Bank

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