• SENSEX
    NIFTY 50
Business

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
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV