Reserve Bank of India changes daily reporting system in cooperative banks after PMC Bank crisis
The RBI had put regulatory restrictions on PMC Bank after finding irregularities, and misreporting of loans given to real estate developer HDIL
After the over Rs 4,000 crore fraud at the Punjab and Maharashtra Cooperative Bank, the Reserve Bank of India on Friday decided to change the daily reporting system at cooperative banks.
In a circular addressed to chief executives of all cooperative banks, t
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