New Delhi: A statement has come from the government on the troubled Punjab and Maharashtra Co-operative ie PMC Bank. Union Minister of State for Finance Anurag Thakur has called this bank crisis an eye-opener. He said that RBI is keeping an eye on all the parties related to it. The omissions at the audit level have also been brought under scrutiny. Many irregularities were being carried out in the bank for a long time, due to which it got caught in serious crisis. The RBI has imposed several restrictions on the bank.
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Thakur said that the reports about the PMC are shocking, such a situation should not have happened. In this case, the role of the regulator, auditor, director and other people involved in the case raises questions. Thakur was speaking on the issue at a function organized by Punjab National Bank.
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Talking on the government's response to the PMC crisis, he said that the government is keeping an eye on every matter which is connected with the common man. The RBI imposed a number of restrictions on this after the financial mess in PMC Bank. According to the new restrictions, its customers will be able to withdraw only Rs 10,000 within six months. In the past, many banks have been rigged like this.
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