Inspection report of scam-hit PMC Bank yet to be finalised: RBI

Replying to an RTI query, it said preliminary findings of the RBI indicated large-scale irregularities in the bank, warranting supersession of its board of directors and imposition of all inclusive directions of the Banking Regulation Act, 1949.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/39nympJ