After HDIL promoters, ex-MD of PMC Bank arrested https://ift.tt/2Oj0YZ3 - Walletnews For Me

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    Friday, October 4, 2019

    Home Business News: Latest News on Business Financial News India Business & World Business News Stock Markets After HDIL promoters, ex-MD of PMC Bank arrested https://ift.tt/2Oj0YZ3

    After HDIL promoters, ex-MD of PMC Bank arrested https://ift.tt/2Oj0YZ3

    Joy Thomas, the suspended managing director of Punjab and Maharashtra Cooperative (PMC) Bank, was arrested in the Rs 4,355-crore cheating case involving the bank on Friday. PMC Bank was placed under restrictions by the RBI on September 25 after it emerged that loans to real estate developer HDIL were not classified as bad loans through it was financially stressed.
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