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›Bombay HC grants bail to three former directors of PMC Bank in Rs 4,300 cr scam case Bombay HC grants bail to three former directors of PMC Bank in Rs 4,300 cr scam case SECTIONS Bombay HC grants bail to three former directors of PMC Bank in Rs 4,300 cr scam caseBy Share Synopsis On Wednesday, Justice Prakash D Naik, while granting bail to Nandrajog, Bavisi and Bane in an oral order directed them to submit their passport to the court. However, the bail plea, filed by Dr Vishwanath Sridhar Prabhu, valuer for the bank, was rejected. In September 2019, the Reserve Bank of India (RBI) had imposed restrictions on the fraud-hit multi-state urban cooperative bank, including on withdrawals by customers, following a scam.

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