PMC Bank depositors hold protest outside RBI hq

October 19, 2019 14:28

Depositors of the scam-hit Punjab and Maharashtra Cooperative Bank held a protest outside the Reserve Bank of India headquarters in south Mumbai on Saturday.

The depositors gathered outside the RBI around 11.45 am and held protests by showing placards and chanting slogans against PMC Bank and the RBI, a police official said.

Police were deployed to avert any untoward incident, he said, adding that nobody has so far been detained or taken into custody.

After an alleged Rs 4,355 crore scam came to light at the PMC Bank, the RBI initially capped withdrawals at Rs 1,000 in view of liquidity crisis, and later hiked it to Rs 40,000 in three moves.

The depositors have been protesting to get their money back. -- PTI

Image: Depositors of the PMC bank display placards during a protest outside RBI headquarters in Mumbai. Photograph: Mitesh Bhuvad/PTI Photo

« Back to LIVE

TOP STORIES

Was This A Clean Catch?

Lots of catches were plucked in New Delhi on Tuesday. Vote your favourite catch!

Putin Takes Oath For 5th Term

Vladimir Putin took the oath for a new six year term as Russia's president on Tuesday, May 7, 2024.

Top Mumbai school axes principal over social media activities

Shaikh, the principal of Somaiya School in Mumbai's Vidyavihar area, described her "termination" from the post as "completely illegal, drastic and unwarranted" and expressed shock over the "politically motivated" action.

Glorification of violence: India slams Canada over Khalistani float in parade

India also accused Canada of allowing "celebration and glorification" of violence, expressing concerns over the security of Indian diplomats in that country, and said it expects Ottawa to ensure that they are able to carry out their...

Mayawati sacks nephew Akash as party co-ordinator, heir

Announcing it on X, the former Uttar Pradesh chief minister said she has taken the decision in the interest of the party and the movement and till the time Anand gains "full maturity".