what is pmc bank scam

The Indian PMC Bank forged more than 20,000 accounts, ostensibly lent money to these accounts, but actually lent the money to a real estate company called HDIL.
This is a conspiracy co-planned by PMC management and HDIL.

The revelation was sent by the administrator who just took office. He was assigned to pmc by the National Reserve Bank of India to supervise its operation.

Due to the impact of this incident, PMC depositors were limited to the amount of withdrawals.
This triggered user protests.