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RBI extends regulatory restrictions on PMC Bank by 6 months till December
The extension has been announced to enable the PMC Bank's takeover by Centrum Financial Services.
Published on Jun 25, 2021 08:38 PM IST
hindustantimes.com | Written by Karan Manral | Edited by Avik Roy, New Delhi
RBI extends curbs on PMC till June end
The RBI had imposed restrictions on the multi-state cooperative bank in September 2019 after detecting financial irregularities. The RBI curbed all activities of PMC Bank, and appointed an administrator for the next six months.
Published on Mar 27, 2021 01:13 AM IST
Gopika Gopakumar, Mumbai
