Tuesday, October 1, 2019

PMC Bank saw massive cash withdrawals before RBI clampdown

PMC Bank saw massive cash withdrawals before RBI clampdown This massive fund erosion began after some of these large depositors reportedly got a whiff of the whistleblower, reportedly a board member, leak to the regulator, which finally undid the bank on September 23, the sources added.

from Moneycontrol Business News https://ift.tt/2o4zbjW

No comments:

Post a Comment

Small and midcap stocks may face volatility, but long-term returns still strong: Vikas Khemani

​Every day there was some negative news flow, global concern, geopolitical concern, inflation concern, oil prices, commodity, everything was...