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RBI appoints AK Dixit as new administrator of PMC Bank

Sumit Arora Published On September 24th, 2020 Leave a comment

The Reserve Bank of India (RBI) has appointed AK Dixit (ex-general manager at Union Bank of India), as the new administrator of the Punjab and Maharashtra Co-operative (PMC) Bank. He has replaced JB Bhoria who has stepped down from his role as the administrator of the bank due to health reasons. In September 2019, the RBI had superseded the board of PMC bank due to fraud and financial irregularities in the PMC bank.

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Important takeaways for all competitive exams:

PMC Bank Founded: 1984.
PMC Bank Headquarters: Mumbai, Maharashtra.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.