RBI Will Not Allow Any Co-Operative Bank To Collapse: Shaktikanta Das On PMC Bank Crisis

Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that all aspects of Punjab and Maharashtra Co-Operative Bank (PMC Bank) issue are being looked into. " RBI will not allow any co-operative bank to collapse," said Mr Das at a press conference after the Reserve Bank of India's monetary policy committee announced repo rate cut of 25 basis points. Last month, the RBI took the rare step of limiting withdrawals from PMC, ...