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PMC Bank crisis: Rs 2,500 crore loan to HDIL reason behind the lender's downfall, says report

Updated : September 25, 2019 09:36 AM IST

The RBI on Tuesday put PMC Bank under restrictions for six months, meaning the lender cannot give fresh loans and accept fresh deposits.
Withdrawals have been capped at Rs 1,000 per account.
The move resulted in chaos outside PMC Bank's branches in the financial capital.
PMC Bank crisis: Rs 2,500 crore loan to HDIL reason behind the lender's downfall, says report

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