There are three entities including a Mumbai-based financial services group that have expressed their intent to revive the scam- affected Punjab and Maharashtra Co-operative (PMC) Bank, reports Business Line.
The Administrator of the bank and his team are assessing the letters of intent submitted by them. RBI will take a decision in the matter as soon as their assessment is over.
Meanwhile, the administrator has informed customers that they are trying their best to find a solution to the problem. RBI has extended the validity of its directions on the scam hit bank by three months.