PMC Bank Case: RBI reveals plan in the high court, will set up a small bank

Reserve Bank of India has now told the Delhi High Court that it is in the process of setting up a small finance bank that will take over the PMC bank. RBI says it has in principle given the approval to one CFSL to set up a small finance bank that will take over the PMC very soon. The High Court has adjourned the matter to August as RBI has sort of time file an affidavit in this regard. this is a very significant aspect that is come in. RBI council has stated that put this on record till filing an affidavit. Watch the video to know more!

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