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PMC Bank: Is Resolution Really In Sight?
PMC Bank’s resolution process could still face RBI’s “fit and proper” hurdle as none of the four interest parties are banks.
22 Dec 2020, 11:27 AM IST
More than a year after Punjab and Maharashtra Cooperative Bank was put under restrictions, the Reserve Bank of India will begin scrutiny of potential investors who have expressed interest in the insolvent lender. A successful conclusion of the process, however, remains uncertain given the onerous fit and proper criteria the regulator typically applies to investors in deposit-taking institutions.On Friday, the RBI said it’s reviewing ...
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