Tag: Pmc Fraud

Mumbai: The Reserve Bank of India on Friday has changed the daily reporting system at cooperative banks after the collapse of Punjab and Maharashtra Cooperative Bank following the unearthing of over Rs 4,000 crore fraud there. In a circular addressed to chief executives of all cooperative banks, the RBI has asked them to replace the […]

Bhubaneswar: Citing news reports flagging doubts over safety of deposits in some banks, the Odisha government has directed its departments, PSUs and other agencies to be ‘very careful’ while keeping deposits in any bank and make proper enquiry about the financial health of the concerned banks. A directive issued by the state finance department, under […]