新聞Pmcbank merged with Unity Small Finance Bank Limited on Dec 5th '23.PMC Bank (now merged with Unity Small Finance Bank) has recovered Rs 104.02 crore with active cooperation and support from agencies.
新聞Pmcbank has issues with usual bank failure but a case of fraud.In the letter, the forum claimed that the stress at PMC Bank was not a usual bank failure but a case of fraud.
新聞Pmcbank had issues with account of fraud on Sep 23rd '19.Mumbai-based PMC Bank Limited, a multi-State urban cooperative bank, was placed under all-inclusive directions with effect from the close of business hours on September 23, 2019, on account of fraud, which led to a ‘steep deterioration’ in the networth of the bank.
