Joy Thomas, the suspended managing director of Punjab and Maharashtra Cooperative (PMC) Bank, was arrested in the Rs 4,355-crore cheating case involving the bank on Friday. PMC Bank was placed under restrictions by the RBI on September 25 after it emerged that loans to real estate developer HDIL were not classified as bad loans through it was financially stressed.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2AKbXms
