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PMC Bank Evaluating Four Investment Proposals, RBI Says

PMC Bank Evaluating Four Investment Proposals, RBI Says Dec 18 2020, 6:03 PM December 18 2020, 6:03 PM December 18 2020, 6:03 PM Beleaguered lender Punjab & Maharashtra Co-operative Bank Ltd. is reviewing the viability and feasibility for four proposals it received this week for potential equity investment, according to the Reserve Bank of India.In November, the multi-state cooperative bank had requested expressions of interest from potential bidders for an equity investment, which will lead to the lender’s reconstruction. The deadline for submission was set a. Beleaguered lender Punjab & Maharashtra Co-operative Bank Ltd. is reviewing the viability and feasibility for four proposals it received this week for potential equity investment, according to the Reserve Bank of India.

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