Three bids for PMC Bank have been received; evaluation underway: RBI Governor
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Reserve Bank of India's governor Shaktikanta Das on Friday said that three bids for microlender Punjab Maharashtra Cooperative (PMC) Bank have been received and evaluation is underway.
Das' comments came post announcing RBI's bi-monthly policy review on Friday.
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"I have been informed that three final offers have been received. I am given to understand that the PMC Bank itself is evaluating the offers," the RBI governor told reporters.