Mumbai, Sept. 26 -- The RBI-appointed administrator of Punjab and Maharashtra Cooperative Bank Ltd (PMC), JB Bhoria, said his role will be to find the extent of damage and take appropriate action. As an administrator, he will take over as chairman of the board of directors. However, his powers in terms of running the business are limited, considering RBI has already put restrictions on the bank's business. The RBI had capped the withdrawal amount from the bank at Rs.1,000 for six months. The bank has also been banned from disbursing loans or accepting deposits. "We will have to find out whether we can take additional security from borrowers or whether management was hand in glove with those people," said Bhoria.

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