Closely monitoring situation at PMC Bank; forensic audit underway: RBI Guv

unjab & Maharashtra Cooperative Bank (PMC Bank), among the top 10 urban cooperative banks in the country, was placed under an RBI administrator on September 23 for six months due to massive under-reporting of dud loans. "PMC Bank situation is being closely monitored. Forensic audit is underway in PMC Bank case," Das told reporters.

from Banking/Finance-Industry-Economic Times https://ift.tt/2WSFuED