TIWN
New Delhi, Sep 30 (TIWN) The loan irregularities at the Punjab and Maharashtra Co-operative (PMC) Bank raises questions on the roles of regulator (RBI), auditor, independent directors and bank directors, Minister of State for Finance Anurag Thakur said on Monday and added that the government will look into all the areas because eventually it is going to impact the common man.
This comes in the wake of the Reserve Bank of India ordering the PMC Bank not to do any business for six months and capped depositor withdrawals at Rs 10,000. The regulator has also appointed an administrator for the bank.
Currently the Reserve Bank of India is looking into the PMC Bank case. Recently Finance Minister Nirmala Sitharaman had said the government is watching the developments there and will see what best can be done for the affected people.
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