PMC Bank has over Rs 6,500 crore exposure to HDIL: Ex-MD Thomas

Suspended MD of the crisis-hit Punjab and Maharashtra Cooperative Bank (PMC) Joy Thomas has reportedly admitted to the RBI that the bank’s actual exposure to the bankrupt HDIL is over Rs 6,500 crore—four times the regulatory cap or 73% of its entire assets of Rs 8,880 crore.

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