PMC Bank crisis: Over ₹10 crore missing from records, multiple cheques found

A total of Rs 10.5 crore cash has been found missing from the records of Punjab and Maharashtra Co-operative (PMC) Bank. The discrepancy was revealed by an internal team of the crisis-hit bank. According to the bank's internal team, "multiple cheques" issued by Housing Development and Infrastructure Limited (HDIL) and its related entities have been found. Moreover, these cheques were never deposited with the bank and the cash was never handed over to the HDIL parties.

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