PMC Bank Chief Reveals How He Hid Bad Loans From RBI For 10 Years ndtv.com

Punjab & Maharashtra Co-operative (PMC) Bank was able to dupe regulators about its growing exposure to a single property developer for at least a decade before the firm filed for insolvency, according to a letter written by the lender's managing director, who has since been removed.
PMC Bank used "dummy accounts" and other methods to hide its oversized loans to Housing Development & Infrastructure from the Reserve Bank of India, Joy Thomas wrote in the letter, a copy of which was seen by Bloomberg News.