gujarat banner
Homefinance News

Read full text of suspended PMC Bank MD Joy Thomas' letter to RBI

Read full text of suspended PMC Bank MD Joy Thomas' letter to RBI

Read full text of suspended PMC Bank MD Joy Thomas' letter to RBI
Profile image

By CNBC-TV18 Oct 1, 2019 12:24:53 PM IST (Updated)

The now-suspended managing director of the crisis-hit Punjab and Maharashtra Cooperative Bank (PMC), Joy Thomas, has admitted to RBI that the bank's actual exposure to the bankrupt HDIL is over Rs 6,500 crore. Here is the full text of his letter: 

The now-suspended managing director of the crisis-hit Punjab and Maharashtra Cooperative Bank (PMC), Joy Thomas, has admitted to RBI that the bank's actual exposure to the bankrupt HDIL is over Rs 6,500 crore.

Recommended Articles

View All

Here is the full text of his letter:
 
 
 
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!