Punjab and Maharashtra Co-operative Bank attracted restrictions from the RBI over violating the banking guidelines. The Central Bank has strictly mentioned the #PMC bank to allow amount withdrawal of not more than ₹1000 and also the bank won’t be able to get as well as give loans unless the #RBI provides a written approval on the same.
As per the latest news, HDIL which is at the edge of bankruptcy has taken a loan from PMC bank. We have provided a glance of the Company’s balance sheet, revealing the same.
In the meantime, PMC bank customers can look forward to insurance claims from DICGC, an RBI owned insurance company.