Punjab and Maharashtra Bank…
If you lost money in PMC bank, I have no sympathy for you. I am very aggressive in my views – people who don’t seek advice, deserve to lose money.
However, when the OFFICERS of RBI put 25% of their money in PMC, and PMC puts 25% of its money in Housing …2500 crores..is lost…so read on..and laugh..and laugh…
pradeep
Every common worker and retirees are losing money wherever they keep it, but every defaulter is living a high life whether he is in India or abroad. Dont forget, we are still laughing at the debt fund defaults and banks stubbornly refusing to pass on the rate cuts while enjoying govt tax cuts. Even if one of those defaulters or these bank bosses are convicted by Indian law, the world cant take it and will end the next day. Lets all laugh about India. laugh laugh laugh.
Mb108
It may be because of Maharashtra cooperative law which forces cooperatives to invest only in cooperative bank