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PMC Bank crisis: A complete explainer on the ongoing fiasco

Updated : September 26, 2019 06:38 AM IST

Gross underreporting of bad loans is one of the major reason why RBI has put restrictions on PMC Bank says one of the media report.
For the time being, depositors can withdraw only up to Rs 1,000 from the bank, irrespective of the type, total balance or the number of accounts.
Only after six months, RBI will decide if it can relax some restrictions or extend the period based on the bank's books.
PMC Bank crisis: A complete explainer on the ongoing fiasco

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