PMC Bank, Hit By Fraud, Seeks Merger With Other Banks: Report

NDTV News

Fraud-hit PMC Bank has approached other banks over a possible merger even as its efforts to recover funds from a big borrower have been disrupted by the coronavirus pandemic, the bank’s administrator said in a court filing seen by Reuters. Authorities started investigating Punjab and Maharashtra Co-operative Bank (PMC) for fraud last year and the … Read more PMC Bank, Hit By Fraud, Seeks Merger With Other Banks: Report