RBI paves way for Punjab & Maharashtra Cooperative Bank’s revival

PMC Bank posted a net loss of Rs 6,835 crore in FY20, reporting a negative net worth of Rs 5,850.61 crore as per the bid document. In September 2019, PMC Bank was put under charge of an RBI-appointed administrator after some financial irregularities were detected.

from Banking & Finance – The Financial Express https://ift.tt/3gEYf8O