RBI
PMC Bank scam: 2 HDIL directors held, assets attached
04 Oct 2019
While the Economic Offences Wing of the Mumbai police arrested two directors of realty firm HDIL - Rakesh Wadhawan and his son Sarang Wadhawan - and attached properties worth Rs3,500 crore, the bank's chairman Waryam Singh and its managing director Joy Thomas and other bank officials are also accused of criminal breach of trust, forgery and falsification of records
RBI yet to explain its move against PMC Bank
25 Sep 2019
RBI-appointed officer JB Bhoria is currently overseeing the working of PMC Bank, although it is unclear whether RBI has taken over management of the bank or is merely overseeing in the interim ahead of loosening these restrictions
