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  Business   In Other News  30 Oct 2019  PMC depositors hold agitation

PMC depositors hold agitation

THE ASIAN AGE.
Published : Oct 30, 2019, 3:39 am IST
Updated : Oct 30, 2019, 3:39 am IST

A delegation of depositors also met a chief general manager-rank officer after the protest in suburban BKC and submitted a memorandum.

Harried depositors of the beleaguered Punjab and Maharashtra Cooperative (PMC) Bank continued their agitation outside the Reserve Bank of India (RBI) office here TuesdayHarried depositors of the beleaguered Punjab and Maharashtra Cooperative (PMC) Bank continued their agitation outside the Reserve Bank of India (RBI) office here Tuesday. (Photo: ANI)
 Harried depositors of the beleaguered Punjab and Maharashtra Cooperative (PMC) Bank continued their agitation outside the Reserve Bank of India (RBI) office here TuesdayHarried depositors of the beleaguered Punjab and Maharashtra Cooperative (PMC) Bank continued their agitation outside the Reserve Bank of India (RBI) office here Tuesday. (Photo: ANI)

Mumbai: Harried depositors of the beleaguered Punjab and Maharashtra Cooperative (PMC) Bank continued their agitation outside the Reserve Bank of India (RBI) office here Tuesday. Several customers of the bank demanded an assurance that their money deposited with the scam-hit bank was safe. They also demanded that the PMC bank be revived so that they could withdraw their money.

Around 200 depositors gathered outside the RBI's office in Bandra-Kurla Complex Tuesday and demanded that their accounts be made operational. The depositors, including several senior citizens and women, gathered at the RBI building which houses the offices of the chief general manager for cooperative banking regulation, with banners calling it a black Diwali due to the PMC crisis.

 

A delegation of depositors also met a chief general manager-rank officer after the protest in suburban BKC and submitted a memorandum. Following the meeting with RBI officials, Jitu Seth, one of the depositors who is taking the lead in this matter, said, “We have put forward our request to the RBI to assure that our money lying with the trouble-hit PMC bank is safe and we are able to withdraw it.”

The PMC Bank has been restricted by the RBI after an alleged fraud of `4,355 crore came to the fore. Withdrawals were capped at `10,000, causing panic and anguish.

Thereafter, the withdrawal limit was increased to `40,000. Around five depositors, who had a huge amount of money stuck with the bank, died last month, including one who committed suicide.

 

Tags: pmc bank, reserve bank of india