Punjab and Maharashtra Cooperative Bank

New Delhi: The restrictions on Punjab and Maharashtra Cooperative (PMC) Bank has been extended for another three months till the end of March next year. Reserve Bank of India (RBI) has extended the restrictions as further action on the…

The Reserve Bank of India on Monday said that it had placed in public domain a draft scheme for the acquisition of Punjab and Maharashtra Cooperative (PMC) Bank and the  and Unity Small Finance Bank (USFB). This draft scheme works though…

The Parliament passed the DICGC (Amendment) Bill, 2021 during the monsoon session in the wake of RBI-imposed restrictions on PMC Bank last year The Deposit Insurance and Credit Guarantee Corporation (DICGC) has decided to pay the…