Money & Markets
Better transparency could have averted the crisis that is rocking India’s PMC BankIt is distressing to watch depositors of Punjab & Maharashtra Co-operative (PMC) Bank weeping on TV about their life savings being in jeopardy. With withdrawals from the troubled institution limited to Rs25,000 ($351), where does the responsibility for the problem lie, and how can we ensure this will not be repeated?
Updated July 21, 20224 min read