12 October, 2019
3 Min Read
GS-III: What PMC means.
In at least three of the major financial sector scams in the last couple of months in India, featuring Punjab National Bank, IL&FS, Punjab and Maharashtra Cooperative Bank, apart from poor governance and fraudulent practices, a common thread has been a supervisory failure.
Cooperative banks & Credit delivery:
Regulation – RBI
Source: Indian Express
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