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Tag: RBI

Restrictions Imposed By RBI on PMC Bank Restrictions Imposed By RBI on PMC Bank

Why in News? In recent developments in Mumbai, the Reserve Bank of India (RBI) has imposed sanctions on the functioning of the Punjab and Maharashtra Cooperative Banks for six months and capped depositor withdrawals at Rs. 1,000. About the Sanctions Owing to tight economic conditions in the last six months, the measure of defaulters appears […]

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