The Reserve Bank of India (RBI) has barred the Punjab & Maharashtra Cooperative Bank Ltd (PMC), Mumbai from carrying out the majority of its routine business transactions for a period of six months, sparking panic among the depositors and sending shock-waves in the city banking and business circles on Tuesday.
The apex bank’s Chief General Manager Yogesh Dayal said that as per the RBI directions, depositors cannot withdraw more than Rs 1,000 from their savings/currentother deposit accounts.
Read More: https://www.bhaskarlive.in/rbi-bars-pmc-bank-from-doing-business-for-6-months-lead/
Read More: https://www.bhaskarlive.in/rbi-bars-pmc-bank-from-doing-business-for-6-months-lead/
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