Supreme Court upholds RBI merger scheme for PMC Bank
after close1 source ↓written by the desknot a recommendation
The Supreme Court upheld the RBI's scheme to merge Punjab and Maharashtra Co-operative Bank with Unity Small Finance Bank. The ruling maintains the Bombay High Court's March 2026 judgment while leaving open the interpretation of "interest of depositors" under the Banking Regulation Act. This decision may impact investor sentiment in the banking sector.
• RBI scheme upheld
• Depositor interest assessment remains open
• Potential implications for distressed banks
Not investment advice. For informational purposes only.