Given approval to set up small finance bank to take over PMC Bank: RBI to HC

The court was hearing an application by consumer rights activist Bejon Kumar Misra seeking directions to the RBI to consider other needs of PMC Bank depositors such as education, weddings and dire financial position, not just serious medical emergencies as being done at present.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3k9PZAU