Madhavpura Mercantile Co-operative Bank (MMCB), infamous for its association with stock broker Ketan Parekh, has got a six months’ breather from the banking regulator. As a last-ditch attempt to keep the bank alive, a revival package is being worked out by merging MMCB with another bank, said an official of the Gujarat Urban Cooperative Banks Federation (GUCBF).
Mint
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