RBI extends restrictions on PMC Bank for 3 months till March 2022
Reserve Bank of India (RBI) has extended the restrictions as further action on the draft scheme for the takeover of the crisis-hit bank by the Delhi-based Unity Small Finance Bank (USFB) is in process
"Further action with regard to sanction of the scheme is under process," RBI said on Tuesday as it extended the restrictions for another three months till March 31, 2022, subject to review.