PMC Bank depositors should get back deposits without conditions: NCUI

Cooperative body NCUI has said that all the depositors of PMC Bank should get back their deposits without any condition. This comes after the RBI gave in-principle approval to Centrum Financial Services to takeover PMC bank and re-launch it as a small finance bank. The RBI had imposed regulatory restrictions on bank's activities in September 2019 due to financial irregularities.