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PMC curbs extended by RBI

RBI had put a 6-month regulatory restriction on the co-operative bank on September 23, 2019

Depositors of the Punjab and Maharashtra Cooperative Bank display placards during a protest over the Reserve Bank of India's curb on the bank, outside Esplanade court in Mumbai, Wednesday, October 16, 2019. PTI

Our Special Correspondent
Published 21.03.20, 07:56 PM

The RBI on Saturday said it has extended regulatory restrictions on Punjab and Maharashtra Cooperative (PMC) Bank for three more months till June 22, 2020.

The banking regulator had put a six-month regulatory restriction on the co-operative bank on September 23, 2019, after finding out financial irregularities and misreporting.

Reserve Bank Of India (RBI) Punjab And Maharashtra Cooperative (PMC) Bank
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