Authorities started investigating Punjab and Maharashtra Co-operative Bank (PMC) for fraud last year and the Reserve Bank of India (RBI) took control of it after detecting financial irregularities.source https://economictimes.indiatimes.com/industry/banking/finance/banking/indias-fraud-hit-pmc-bank-asked-other-major-banks-for-a-merger-says-administrator/articleshow/78144545.cms
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