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RBI Raises Withdrawal Limit To Rs 40,000 For PMC Bank Account Holders
RBI has barred PMC Bank from renewing or granting any loan RBI has imposed restrictions citing major financial irregularities The central bank has said it is "closely monitoring the developments"
14 Oct 2019, 07:37 PM IST 
PMC Bank news: This is the third time RBI has increased the withdrawal limits for account holders.
The Reserve Bank of India (RBI) raised withdrawal limit for account holders of the stressed Punjab and Maharashtra Co-Operative Bank or PMC Bank to Rs 40,000 from earlier withdrawal limit of Rs 25,000. "The Reserve Bank of India, after reviewing the bank's liquidity position and its ability to pay its depositors has decided to further enhance the limit for withdrawal to Rs 40,000, inclusive of Rs 25,000 allowed earlier," the central ...
