The Punjab & Maharashtra Co-operative (PMC) Bank was able to dupe regulators about its growing exposure to a single property developer for at least a decade before the firm filed for insolvency, according to a letter penned by the lender’s former managing director.

from Times of India https://timesofindia.indiatimes.com/business/india-business/pmc-bank-used-dummy-accounts-to-hide-bad-loan-pile-from-rbi-says-suspended-md/articleshow/71392834.cms