Sharad Pawar meets MoS Anurag Thakur over PMC Bank revival issues

RBI on December 30 had released a draft circular on limits on exposure to single and group borrowers and revision in priority sector lending targets for urban cooperative banks.

Published: 13th January 2020 01:31 PM  |   Last Updated: 13th January 2020 01:39 PM   |  A+A-

NCP chief Sharad Pawar with Minister of State for Finance Anurag Thakur

NCP chief Sharad Pawar with Minister of State for Finance Anurag Thakur (Photo| Sharad Pawar Twitter)

By ANI

NEW DELHI: Nationalist Congress Party chief Sharad Pawar on Monday met Minister of State for Finance Anurag Thakur, over the issue of revival of Punjab and Maharashtra Co-operative(PMC) Bank.

ALSO READ: Deposit Insurance Corporation sees Rs 14,100 crore-worth claims amid PMC Bank crisis, says RBI

"Had a meeting with the Union Minister of State for Finance, Anurag Singh Thakur in New Delhi to raise the issue of revival of PMC Bank. We had a constructive exchange of views on the topic." Pawar tweeted.

The Reserve Bank of India (RBI) on December 30 had released a draft circular on limits on exposure to single and group borrowers and revision in priority sector lending targets for urban cooperative banks (UCBs).

The RBI move came after the recent Punjab and Maharashtra Cooperative (PMC) Bank debacle which left thousands of depositors clamouring for withdrawals amid reports of major financial irregularities, failure of internal control and systems of the bank, and wrong or under-reporting of its exposures under various off-site surveillance reports.

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