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India's fraud-hit PMC Bank asked other major banks for a merger, says administrator

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Authorities started investigating Punjab and Maharashtra Co-operative Bank (PMC) for fraud last year and the Reserve Bank of India (RBI) took control of it after detecting financial irregularities.

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India's fraud-hit PMC Bank asked other major banks for a merger, says administrator India's fraud-hit PMC Bank asked other major banks for a merger, says administrator Reviewed by Insurance Advisor on September 16, 2020 Rating: 5

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