Editorial

RBI Knew About PMC Bank Fraud From 2011

It has been a year since the PMC Bank Scam came to light. However, the plight of PMC Bank Account Holder doesn’t seem to end anytime soon. On the other hand, COVID-19 and lockdown have aggravated their plight. While depositors are in lurch of money, the pleas and protests are falling on deaf ears. The RBI has yet not moved to ensure the depositors get their hard-earned money back.

In this episode of HW News’ PMC Special Series, our Managing Editor Mr Sujit Nair reveals documents that show, RBI was aware of PMC Bank fraud from 2011!

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