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PMC Bank seeks investors, may convert into small fin bank

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In a first, the RBI-appointed administrator of Punjab and Maharashtra Cooperative (PMC) Bank has come up with a revival strategy where private investors can take over and convert the failed cooperative into a small finance bank and possibly capitalise part of deposits into equity.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/34V2LeP
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PMC Bank seeks investors, may convert into small fin bank PMC Bank seeks investors, may convert into small fin bank Reviewed by umesh on November 03, 2020 Rating: 5

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