Daily News Finance

RBI is the bank for the banks. It operates the currency and credit system of the country. Banks need to maintain accounts with the reserve bank. RBI governor Shaktikant Das discussed Punjab and Maharashtra (PMC) Bank. He said that there are three investors so far who have proposed to help the bank reviving. Analysis of the proposal instills in the consideration process.

PMC Bank

RBI is the bank for the banks. It operates the currency and credit system of the country. Banks need to maintain accounts with the reserve bank. RBI governor Shaktikant Das discussed Punjab and Maharashtra (PMC) Bank. He said that there are three investors so far who have proposed to help the bank reviving. Analysis of the proposal instills in the consideration process.

PMC- A.K Dikshit

PMC Bank head AK Dikshit told last month only that three investors have given the time till 1st Feb 2021 to present the proposal. The investors will bring the capital to help the PMC Bank achieve at least minimum capital of 9%.
RBI told the media after the announcement of the financial scheme that he has been informed that the last three proposals are received. He was informed that the PMC Bank itself is working on the analysis of the proposal. And after the analysis RBI will arrange a meeting regarding this.

For more such updates, keep watching this space!

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