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

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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: 

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

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