RBI imposes restrictions on Mumbai-based PMC Bank

The Reserve Bank of India has enforced constraints on Punjab and Maharashtra co operative Bank confined, and also depositors would ben't be authorized to draw above $1000 from your financial institution card.



The Reserve Bank of India has enforced constraints on Punjab and Maharashtra co operative Bank confined, and also depositors would ben't be authorized to draw above $1000 from your financial institution card.
"'' The instructions will stay in effect for a time period of 6 weeks by the beginning of business of this lender September 2 3, 2019,''" RBI explained.



The lender wont be permitted to renew or grant any advances and loans, create any investment, even pay off any accountability involving borrowal of acceptance and funds of deposits that are fresh, accept or accept borrow any cost, RBI explained.



The lender wont be permitted to renew or grant any advances and loans, create any investment, even pay off any accountability involving borrowal of acceptance and funds of deposits that are fresh, accept or accept borrow any cost, RBI explained.
"'' The instructions will stay in effect for a time period of 6 weeks by the beginning of business of this lender September 2 3, 2019,''" RBI explained.

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