Mumbai: The Reserve Bank on Saturday said that it has extended the regulatory ban on Punjab and Maharashtra Cooperative Bank (PMC) to 22 June 2020 for the next three months.
The Reserve Bank had imposed a regulatory ban on PMC Bank for six months on 23 September 2019 for financial irregularities. “It is notified for the information of the public that the instructions of 23 September 2019 have been extended from 23 March 2020 to the next three months i.e. 22 June 2020,” the central bank said in a statement. These instructions have been reviewed from time to time and will be reviewed further. “
