Suspended PMC Bank Chief Hid Info From RBI Fearing "Reputational Loss"

Former Punjab Maharashtra Co-operative Bank (PMC) Managing Director Joy Thomas has admitted to misleading the Reserve Bank of India (RBI) for six to seven years by concealing and misreporting default on loans reportedly worth Rs. 6,500 crore taken by crisis-hit real estate firm Housing Development and Infrastructure Ltd (HDIL). In a letter addressed to the centr more

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