Delhi HC issues notice in PIL to insure consumer deposits in Delhi Branches of PMC Bank

Aditi Singh November 1 2019
PMC Bank

The Delhi High Court today issued notice in a petition seeking measures to insure the deposits of customers of the Punjab & Maharashtra Co-operative Bank (PMC Bank) branches in the capital.

Filed in the wake of the PMC Bank crisis, the petition by Bejon Kumar Mishra seeks issuance of exhaustive and comprehensive guidelines to safeguard deposits in the eventuality of such a financial crisis, where common people are financially stranded due to the acts of a few unscrupulous persons. 

Mishra . . .

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