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Saga of Punjab and Maharashtra Cooperative Bank (1984-2022) reminds one of similar saga of Punjab Cooperative Bank (1904-97)

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The RBI announced that Punjab and Maharashtra Cooperative Bank (PMCB) has finally been amalgamated with Unity Small Finance Bank Ltd. The crisis and it eventual amalgamation took me to history lane of Indian banking. It reminded me of one another cooperative bank named Punjab Cooperative Bank (PCB) which went through a similar albeit longer journey […]

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