PMC Bank issue: Exposure to HDIL at Rs 6,500 crore, or 73% of total loan book, Ex-MD Thomas tells RBI

The regulator sent the inspection team to the bank's headquarters in suburban Mumbai on the evening of September 19 itself. During the inspection, RBI found major financial irregularities, under-reporting of exposure and failure of internal controls and systems

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2mNJcBN