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Regular-article-logo Monday, 23 December 2024

PMC curbs extended by RBI

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

Our Special Correspondent Mumbai Published 21.03.20, 07:56 PM
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.

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

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.

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