EXCLUSIVE: PMC Bank's Rs 4,355 crore scam! Bankers opened 21,049 dummy accounts to save loan defaulters
There are major disclosures in the FIR registered against the Punjab and Maharashtra Co-operative Bank (PMC) Limited, which is facing RBI's severe restrictions. The FIR has revealed that the bank has distributed huge loans to companies on a large scale, leading to a default of whopping Rs 4,355 crore.
The FIR has revealed that the bank has distributed huge loans to companies on a large scale, leading to a default of whopping Rs 4,355 crore. Reuters