The Punjab & Maharashtra Co-operative Bank has been put under restrictions by the Reserve Bank of India (RBI) following the discovery of a Rs 4,355-crore scam.
An official, however, said police "did not think" the suicide was related to the crisis at PMC Bank and financial woes it had subjected thousands of depositors to.
A second PMC Bank account holder has died of cardiac arrest. Fattomal Punjabi was depressed after the news of PMC Bank scam. He had an account with PMC Bank's Mulund Branch.
A second PMC Bank account holder has died of cardiac arrest. Fattomal Punjabi was depressed after the news of PMC Bank scam. He had an account with PMC Bank's Mulund Branch.
Reserve Bank of India on Monday enhanced the withdrawal limit for depositors of Punjab and Maharashtra Cooperative (PMC) Bank Ltd to ₹ 40,000, giving relief to its customers ahead of Diwali.
The reports claimed that SBI has written off bad loans worth Rs 76,600 crore of 220 defaulters who owed more than Rs 100 crore each.
The Enforcement Directorate on Thursday sealed an about 5-acre bungalow of a HDIL promoter near Mumbai in connection with its money laundering probe in the Punjab and Maharashtra Co-operative (PMC) bank case, officials said.
PMC Bank customers protest at BJP office in Mumbai, urge Finance Minister to intervene
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