Spoke to RBI governor, concerns of PMC Bank’s customers will be addressed: Sitharaman

Times of India | Oct 12, 2019 at 10:23 AM
  • Assuring account holders of troubled Punjab and Maharashtra Co-operative (PMC) Bank of support, finance minister Nirmala Sitharaman on Saturday said that she has spoken to the Reserve Bank of India (RBI) governor.
  • The Wadhawans along with their company obtained loans from the Punjab and Maharashtra Cooperative Bank fraudulently.
  • Non-repayment of Rs 4,355 cr loan led to panic among the account holders.