Stressed PMC Bank customers not to get Rs 5 lakh deposit cover in first lot: RBI

Stressed PMC Bank customers not to get Rs 5 lakh deposit cover in first lot: RBI

Stressed PMC Bank customers not to get Rs 5 lakh deposit cover in first lot: RBIOct 31, 2021, 01:51 PM IST

The Reserve Bank of India (RBI) had imposed restrictions on the withdrawal of deposits from these stressed banks. Of the 20 banks, 10 are from Maharashtra, five from Karnataka, and one each from Uttar Pradesh, Kerala, Rajasthan, Madhya Pradesh, and Punjab.

Bank ownership in hands of corporates not desirable: ex-SBI chairman Rajnish KumarOct 30, 2021, 08:44 PM IST

Allowing corporates to own banks in the country is not desirable due to the likely risks of related party transactions, former State Bank of India (SBI) chairman Rajnish Kumar said.

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