Pmc Bank Crises

The Reserve Bank of India granted the in-principle-approval to Centrum Financial Services, to set up a small finance bank, paving the way for the acquisition of the scam-hit PMC Bank

A year since India's central bank imposed regulatory restrictions on the PMC Bank, its depositors and those of beleaguered Sri Gururaghavendra Cooperative Bank protested near the RBI (Reserve Bank of India) headquarters in Bengaluru this morning demanding intervention to withdraw all their money, which is stuck in these financial institutions.

The Reserve Bank of India granted the in-principle-approval to Centrum Financial Services, to set up a small finance bank, paving the way for the acquisition of the scam-hit PMC Bank

A year since India's central bank imposed regulatory restrictions on the PMC Bank, its depositors and those of beleaguered Sri Gururaghavendra Cooperative Bank protested near the RBI (Reserve Bank of India) headquarters in Bengaluru this morning demanding intervention to withdraw all their money, which is stuck in these financial institutions.