 "PMC BANK")
RBI extends restrictions on beleaguered PMC Bank till December 31
The Reserve Bank of India (RBI) has extended the restrictions placed on Punjab and Maharashtra Cooperative (PMC) Bank till December 31. RBI had, on June 18, granted “in-principle” approval to Centrum Financial Services Ltd (CFSL) to take over beleaguered PMC Bank via small finance bank (SFB) route. It had given Centrum 120 days to commence operations. READ MORE...
RBI holds back selling 10-year bond indicating advent of new benchmark paper
The Reserve Bank of India (RBI) did not sell any of its planned Rs 14,000 crore of
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