In 2019, the RBI had taken over the operations of the PMC Bank, and had capped withdrawals over accounting lapses
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MUMBAI : Unity Small Finance Bank, formerly PMC Bank, has offered a one-time settlement option against all future payables for customers who maintained deposits worth up to ₹15 lakh. The OTS scheme offers an opportunity to customers to receive the deposit amount upfront, albeit at a discount of 37%, instead of having to wait for 10 years.
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