RBI extends restrictions on PMC Bank, eases Withdrawal Limit

The Reserve Bank of India on 19th June 2020 has extended the regulatory restrictions imposed on the multi-state urban Cooperative Bank, Punjab and Maharashtra Cooperative Bank Limited (PMC Bank) by another 6 months. As per the earlier notice dated March 21st, 2020, the regulatory restrictions were up to 22nd June 2020, which now has been ..

Month: Current Affairs - June, 2020

Category: Economy & Banking Current Affairs

Topics: Banking Regulation Act • Housing Development & Infrastructure (HDIL) • Maharashtra • PMC bank • Punjab and Maharashtra Cooperative Bank Limited (PMC Bank) • Reserve Bank of India