RBI Governor assured me to resolve PMC bank scam matter at earliest: FM Sitharaman

Updated:1 month ago IST

New Delhi, Oct 14 (ANI): On being asked about the steps taken by Finance Ministry to safeguard depositors of Punjab and Maharashtra Co-operative (PMC) Bank, Union Minister of Finance Nirmala Sitharaman said, “I have had word with the Governor of Reserve Bank on the PMC matter because eventually, it is Reserve Bank-appointed resolution professional, who is going to deal with it. The RBI repeatedly has assured me, even today the Governor has assured me that he'll keep the interest of customers in mind and at the earliest try to resolve it as he goes on. You also know that ED has confiscated quite a lot of property.” She further said, “The fact remains that the government has been on its toes in terms of bringing the assets of promoters of the bank”

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