Delhi High Court dismisses challenge to restrictions on withdrawal from PMC Bank
NEW DELHI: The Delhi High Court has dismissed a petition by depositors of the PMC Bank challenging the restrictions imposed by the Reserve Bank of India (RBI) on withdrawals from their bank accounts. Justice Prateek Jalan said despite sympathising with the petitioners, he was unable to grant relief to them. Despite sympathising with the position […]
Withdrawal limit for PMC bank depositors raised to Rs 50,000
NEW DELHI: In further relief to customers of scam-hit Punjab & Maharashtra Cooperative (PMC) Bank, the Reserve Bank on Tuesday enhanced the withdrawal limit to Rs 50,000 per account from Rs 40,000 per account. This is the fourth time the regulator has increased the withdrawal limit since it clamped down on PMC Bank on September […]
Man, who lost job at Jet Airways and money at PMC Bank, dies
NEW DELHI: A 51-year-old city resident whose deposit of over Rs 90 lakh was stuck with the scam-hit Punjab and Maharashtra Co-operative (PMC) Bank died of a heart attack, hours after taking part in a protest by bank customers who are seeking their money back. Sanjay Gulati, the deceased, had lost his job at Jet […]
RBI raises withdrawal limit to Rs 40,000 for account holders at PMC Bank
NEW DELHI: In further relief to customers of troubled Punjab & Maharashtra Cooperative (PMC) Bank, the Reserve Bank of India (RBI) on Monday enhanced withdrawal limit to Rs 40,000 per account from Rs 25,000 per account earlier for six months. This is the third time the regulator has increased the withdrawal limit since it clamped […]