PMC Bank Scam: Distressed depositors can approach administrator for emergency withdrawal up to Rs 1 lakh

Omkar Gokhale November 19 2019
PMC Bank depositors

The Reserve Bank of India (RBI) on Tuesday informed the Bombay High Court that it has appointed a retired officer as administrator for the Punjab and Maharashtra Cooperative Bank (PMC Bank). The RBI further informed the Court that the depositors can approach the administrator to withdraw up to Rs. one lakh on hardship grounds.

A Division Bench of Justices SC Dharmadhikari and RI Chagla has been hearing

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