RBI expects forensic audit report on PMC Bank by month-end

The multi-state co-operative bank has been under the RBI restriction since September 23, after it had found financial irregularities, including huge under-reporting of loans and non-performing assets to real estate developer HDIL to the tune of Rs 6,500 crore using hundreds of dummy accounts.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Rn1VkE