PMC Bank Crisis: Withdrawal Limit Now at Rs 40,000 - What Next?

What’s happened since we last spoke? And what happens next to the men allegedly behind the Rs 4,300+ crore scam?

1 min read

People with accounts at PMC Bank have just been informed that their withdrawal limit has been increased from Rs 25,000 to Rs 40,000 for the next six months.

So, today we’ll answer three important questions – why are we back to this topic? What’s happened since we last spoke? And, what’s happening in the PMC Bank crisis now?

The Economic Offences Wing of Mumbai Police will have custody of Rakesh Wadhawan, Sarang Wadhawan, who are HDIL’s directors, and Waryam Singh, former chairman of PMC Bank, till 16 October.

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