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Centrum had joined hands with New Delhi-based BharatPe to take over the crisis-ridden Punjab and Maharashtra Co-operative (PMC) Bank, which has been stuck in a quagmire for over two years after the RBI stepped in, following large-scale fraud at the bank, affecting some 9 lakh depositors. The RBI took control of the bank in September after serious allegations of money laundering, involving fictitious assets that funneled more than Rs 6, crore in the form of loans to Mumbai-based HDIL. Over people have rep

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