PMC Bank has over Rs 6,500 crore exposure to HDIL: Ex-MD Thomas https://ift.tt/2md41q7 - Walletnews For Me

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    Sunday, September 29, 2019

    Home Business News: Latest News on Business Financial News India Business & World Business News Stock Markets PMC Bank has over Rs 6,500 crore exposure to HDIL: Ex-MD Thomas https://ift.tt/2md41q7

    PMC Bank has over Rs 6,500 crore exposure to HDIL: Ex-MD Thomas https://ift.tt/2md41q7

    Suspended MD of the crisis-hit Punjab and Maharashtra Cooperative Bank (PMC) Joy Thomas has reportedly admitted to the RBI that the bank’s actual exposure to the bankrupt HDIL is over Rs 6,500 crore—four times the regulatory cap or 73% of its entire assets of Rs 8,880 crore.
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