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RBI fixes cooperative banks’ daily reporting system post PMC collapse
October 11, 2019 | By Hindustantimes.com
business
In a circular addressed to chief executives of all cooperative banks, the RBI has asked them to replace the existing system of email-based reporting at the branches to a web-based central system.
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The Reserve Bank of India on Friday has changed the daily reporting system at cooperative banks after the collapse of Punjab and Maharashtra Cooperative Bank following the unearthing of over Rs 4,000 crore fraud there. In a circular addressed to chief execut
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