New Delhi, Dec. 7 -- Spelling a ray of hope for thousands of depositors, the Maharashtra government has suggested merging the Punjab & Maharashtra Cooperative (PMC) Bank with the Maharashtra State Cooperative (MSC) Bank, state minister Jayant Patil said here on Thursday.
"The government stands behind the PMC Bank depositors. I have spoken with the MSC Bank director and asked him to consider a merger of the two banks to provide relief to the depositors," Patil told mediapersons here this afternoon.
He assured that the state's apex cooperative banking entity, the MSC Bank's financial health is sound and the merger could definitely help the beleaguered PMC Bank's aggrieved depositors.
Patil added that if required, the Maha Vikas Aghadi will...