Wednesday, August 26, 2020

No funds available: Depositors at India's PMC Bank survive on loans, charity

The RBI took control of PMC last September after it was accused of fraud and concealing non-performing loans. PMC's top officials and the owners of a realty company that received the bulk of the loans were arrested. The withdrawal cap has left many of PMC's over 9,00,000 depositors in deep difficulty.

from Personal Finance News-Wealth-Economic Times https://ift.tt/31rVu4c

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