PMC Bank jitter may trigger second round of crisis

The trouble in Punjab and Maharashtra Cooperative Bank, one of the top five in the segment, is threatening to trigger a second round of crisis of confidence in the sector. Many depositors are playing it safe and choosing to spread their investments and several cooperative societies are reviewing their decision to keep a bulk of deposits with cooperative banks.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2o0OsCJ