RBI Governor Shaktikanta Das said several entities have expressed interest in investing in the PMC Bank and have purchased the information memorandum, reports News Track.
Describing the situation in the PMC Bank as ”completely different” compared to other bank failures and rescues, Das said the apex bank would finally decide once all the expression of interest in the bank had been submitted.
The PMC Bank has got in touch with bidders, seeking capital infusion. It bears recall that earlier several banks including cooperative banks had not shown interest in bailing out the crisis ridden bank.