Govt closely monitoring developments at PMC Bank: Nirmala Sitharaman - News blog

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Monday, October 14, 2019

Govt closely monitoring developments at PMC Bank: Nirmala Sitharaman

PMC is in bad health allegedly due to its exposure to near-bankrupt realty player HDIL, to which it has loaned over 70 per cent of its Rs 9,000 crore in advances.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/35BVZci
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