At Your Own Risk | PMC Bank
Another monstrous NPA, another tale of brazen misgovernance. Will depositors bear the brunt again?
The crisis at the Punjab & Maharashtra Cooperative bank (PMC bank) has jeopardised the savings of hundreds of thousands of depositors, and raised fresh concerns about corporate governance standards in Indian banks.
On September 23, at the close of business, PMC bank-with 135 branches spread over six states and hundreds of thousands of customers-was put
