Merger of PMC-MSC Bank may remain a non-starter
The Hindu Business Line|December 14, 2019
Registrations of respective banks are different

The proposal to merge the fraud-hit Punjab and Maharashtra Cooperative (PMC) Bank with the Maharashtra State Co-operative (MSC) Bank, as suggested by Maharashtra cabinet minister Jayant Patil recently, may remain just that as their registrations are different -- while the former is a multi-state co-operative bank, the operations of the latter are restricted to the State.

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