Two Faint During PMC Depositors’ Protest Outside RBI in Mumbai
Depositors of the Punjab and Maharashtra Co-operative Bank (PMC) display placards during a protest over the Reserve Bank of India’s curb on the bank, outside RBI headquarters in Mumbai.
Depositors of the Punjab and Maharashtra Co-operative Bank (PMC) display placards during a protest over the Reserve Bank of India’s curb on the bank, outside RBI headquarters in Mumbai.(Photo: PTI)

Two Faint During PMC Depositors’ Protest Outside RBI in Mumbai

As many as two senior citizens fainted during a protest held by depositors of Punjab and Maharashtra Co-operative Bank (PMC) outside the Reserve Bank of India (RBI) headquarters in Mumbai on Saturday, 19 October, India Today reported.

While news agency ANI claimed that one elderly woman fell ill during the protest, India Today reported that a man and a woman, both senior citizens, fainted while they were protesting outside RBI’s headquarters.

The woman was later helped by police personnel and other depositors.

Around 100 depositors, including women, raised placards and chanted slogans against PMC Bank and the RBI, a police official said.

Presence of police personnel ensured that no untoward incident took place, and nobody was detained, he said.

Also Read : Fourth PMC Depositor Dies Due to 'Lack of Money For Heart Surgery'

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.

The depositors have been protesting to get back their funds held up in the bank accounts.

The crisis at the bank is being attributed to loans given to realty player HDIL, which were allegedly hidden from regulators' scrutiny, turning non-performing assets.

Five persons including HDIL promoters have been arrested in the case.

(With inputs from ANI, PTI, India Today)

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