As PMC Bank case drags on, depositors reduced to surviving on loans, charity - THEMARKETTRENDZ

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Wednesday, 26 August 2020

As PMC Bank case drags on, depositors reduced to surviving on loans, charity

The RBI took control of PMC last September after it was accused of fraud and concealing non-performing loans. PMC's top officials and the owners of a realty company that received the bulk of the loans were arrested. The withdrawal cap has left many of PMC's over 9,00,000 depositors in deep difficulty.

from Banking/Finance-Industry-Economic Times
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