PMC Bank didn’t properly classify Wadhawan account: Economic Offences Wing

The EOW charged the former management of PMC Bank with failing to report an account of Rakesh Wadhawan with an outstanding amount of Rs 1,671.88 crore as the top borrower from the HDIL Group and filing false statements with the Reserve Bank of India to avoid regulatory scrutiny.

from Banking/Finance-Industry-Economic Times https://ift.tt/2EYaf2X