Reserve Bank of India has further extended the restrictions on crisis-ridden Punjab and Maharashtra Co-operative (PMC) Bank by three months till 31 March 2021. The bank has also received four Expression of Interest (EoI) for its revival. To examine them, the bank would need some more time. These proposals will be examined by the bank with regard to their viability and feasibility taking into account the best interest of the depositors.
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Why RBI extends restrictions on PMC Bank?
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