Watch | No end in sight for the plight of PMC Bank depositors

BL Internet Desk | Updated on October 16, 2020 Published on October 16, 2020

The Punjab Maharashtra Cooperative (PMC) Bank rejects nearly 185 applications for additional withdrawal permits under the distressed category. In fact, a status report has revealed that only 12 requests have been approved or are being processed by the bank. The report was submitted by the Reserve Bank of India (RBI) to the Delhi High Court, in case of a Writ Petition filed by consumer rights activist Bejon Kumar Misra.

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Published on October 16, 2020