PMC was placed under RBI directions on September 23, 2019, after its NPAs rose sharply due to loans given to real estate company HDIL and its promoters the Wadhawan's with accounting for it in the bank's book.source https://economictimes.indiatimes.com/industry/banking/finance/banking/punjab-and-maharashtra-co-operative-bank-gets-a-new-administrator/articleshow/78256965.cms
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