Thursday, June 7, 2012

MMCB has Rs320 crore cash & Rs1,625 crore in liabilities

After virtually freeing Ketan Parekh from the obligation of paying all of the Rs1,100 crore he owes to Madhavpura Mercantile Co-operative Bank (MMCB), the Reserve Bank of India (RBI) has left MMCB with a liability of Rs1,625 crore. This is against just Rs320 crore cash that the cooperative bank has in hand.......................

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