PMC Bank's liquidity profile is good, depositors need not worry: RBI

As for how long before depositors can withdraw their money from the bank, Bhoria said was left to the RBI to decide

Punjab and Maharashtra Co-Operative (PMC) Bank’s liquidity profile is good enough and depositors should not panic, said Reserve Bank of India (RBI)-appointed administrator J B Bhoria on Wednesday.

Bhoria was appointed administrator of PMC Bank on Monday evening. He is yet to finalise the liquidity profile of the bank as the inspection of its books continues.

However, he said depositors should not panic. Even the bank’s loans were secured against adequate assets.

“The bank has 19 per cent SLR (statutory liquidity ratio), 3-4 per cent CRR (cash reserve ratio) and has its own properties. So, on these counts alone, there