EOW probe: 23 PMC bankers, clients took out Rs 70 crore before curbs

Officials at the EOW of the Mumbai Police said these individuals withdrew the money between September 7 and September 19. On September 21, the bank’s managing director, Joy Thomas, wrote to the RBI about alleged violations of regulations and irregularities in its dealings and two days later, the central bank put restrictions on the bank.

from Banking/Finance-Industry-Economic Times https://ift.tt/2OLdIau