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RBI imposed restrictions on PMC Bank following large withdrawals, says report

Updated : October 01, 2019 09:17 AM IST

Large scale withdrawal besides the news of a build-up in non-performing assets and attendant capital erosion prompted the RBI to take action and place restrictions on September 23.
The development comes after the RBI had put a slew of restrictions on the bank for six months on September 23.
The restrictions included curbs on fresh lending, accepting fresh deposits and investments, among others.
RBI imposed restrictions on PMC Bank following large withdrawals, says report

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