The Maharashtra government has suggested a merger of Punjab & Maharashtra Cooperative Bank with the Maharashtra State Cooperative Bank in a bid a provide relief to depositors of the troubled lender, state minister Jayant Patil said on Thursday. If needed, the state government will speak to the Reserve Bank of India on the issue of merger of the MSC and PMC banks, he said.
The Maharashtra government has suggested a merger of Punjab & Maharashtra Cooperative Bank with the Maharashtra State Cooperative Bank in a bid a provide relief to depositors of the troubled lender, state minister Jayant Patil said on Thursday. If needed, the state government will speak to the Reserve Bank of India on the issue of merger of the MSC and PMC banks, he said.
