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PMC Bank: Depositors Panic As RBI Imposes Rs 1,000 Withdrawal Limit On Lender
PMC Bank account holders not allowed to withdraw over Rs 1,000 Restrictions to remain in force for six months, says RBI Account-holders protest outside bank's main branch in Mumbai
24 Sep 2019, 07:07 PM IST 
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Punjab and Maharashtra Co-Operative Bank: The RBI's decision led to a protest.
The Reserve Bank of India has put limitations on the withdrawal of amount by account-holders of the Mumbai-based Punjab and Maharashtra Co-Operative Bank (PMC Bank). The restrictions will remain in force for a period of six months starting the end of business hours on September 23, the central bank said. "The depositors will be allowed to withdraw a sum not exceeding Rs 1,000 of the total balance in every savings bank account or curr...
