PMC Bank administrator to assess damage, take action
Mumbai, Sept. 26 -- The Reserve Bank of India (RBI)-appointed administrator of Punjab and Maharashtra Co-operative Bank Ltd (PMC), JB Bhoria, on Wednesday said his role will be to find out the extent of damage and take appropriate action. As an administrator, he will take over as the chairman of the board of directors. However, his powers in terms of running the business are limited, considering that the RBI has already put restrictions on the bank's business....
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