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PMC Bank: Eighteen Months Later, RBI Works On Lone Option For Resolution
BharatPe-Centrum remains the only resolution plan for PMC Bank under active discussions. What is it proposing?
12 May 2021, 12:51 PM IST
Eighteen months after the Reserve Bank of India placed Punjab And Maharashtra Cooperative Bank Ltd. under restrictions, the regulator’s options to resolve the insolvent lender have dwindled.In September 2019, the RBI dismissed the PMC Bank’s board and management and placed it under the charge of an administrator. In November 2020, the bank invited expressions of interest and four potential investors emerged. Discussions are underway ...
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