A recent police complaint alleges that the Punjab and Maharashtra Co-operative Bank (PMC) made up 21,000 fake accounts to hide loans, according to a report by Reuters. The complaint was filed with the Economic Offences Wing (EOW) of the Mumbai Police on Monday (Sept. 30)....
October 02, 2019
The Reserve Bank of India is trying to reassure savers that all is well after a recent crisis involving Punjab and Maharashtra Co-operative Bank (PMC). In a tweet on Tuesday (Oct. 1), India’s central bank addressed “rumours in some locations about certain banks, including co-operative banks, resulting in anxiety to depositors.” “RBI would like to […]
October 01, 2019
A recent police complaint alleges that the Punjab and Maharashtra Co-operative Bank (PMC) made up 21,000 fake accounts to hide loans, according to a report by Reuters. The complaint was...
