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RBI’s Move On PMC Bank RBI’s – Economics – Free PDF

 

CURRENT AFFAIR

  • RBI SLAPPED RESTRICTIONS ON PMC
  • APPOINTED ADMINISTRATOR AND SUSPENDED BOARD OF DIRECTORS

IMPLICATIONS

  • LEADING URBAN COOPERATIVE BANK
  • UNABLE TO WITHDRAW MORE THAN RS.1000
  • DEPOSIT BASE OF 11,617 CRORE
  • RESTRICTIONS FOR 6 MONTHS
  • UNREST AMONG CUSTOMERS

WRONG

  • REPORTING
  • HDIL

WAY AHEAD

  • RBI APPOINTED ADMINISTRATOR SHOULD TAKE APPROPRIATE MEASURES
  • MERGER
  • LIQUIDATION

 

 

 

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