Can I read Punjab and Maharashtra Cooperative Bank Scam (PMC Bank): A Case Study in Coercive Financial Scam on EtoBox?

Punjab and Maharashtra Cooperative Bank Scam (PMC Bank): A Case Study in Coercive Financial Scam by Roopa Praveen; Dilip Aher; Nilesh Anute is a book available to read on EtoBox.

What is Punjab and Maharashtra Cooperative Bank Scam (PMC Bank): A Case Study in Coercive Financial Scam about?

## Abstract The Punjab & Maharashtra Cooperative Bank (P&MC) bank started its operations in 1984. In 1999 the all India bank depositors association felicitated the bank for the work ethics oriented to depositors’ service. Within a period of six years the bank bagged the status of scheduled bank; as in 2000 the RBI conferred scheduled status to P&M cooperative bank. The HDIL P&MC bank scam was shocking news for people in banking fraternity and the depositors of the bank. The top management officials have given huge loan to the HDIL (Housing Development and Infrastructure Ltd.) and its associated companies. The amount sanctioned was as huge as it was 70% of the total loan disbursements by the bank. The total amount of fraud was said to be Rs. 4355 crore, which led to shooting up of the NPA of the bank to 73%. The scam has been called as the failure of the banking system, auditing system, and loop holes in the policies. This is a perfect case to analyse the failure of such a system by the hands of few officials.

Author

Roopa Praveen; Dilip Aher; Nilesh Anute

Publisher

Oxford University PressOxford

Published

2022

Language

EN

ISBN

9780192869418

Subjects

Management, Science, Education