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RBI imposes restrictions on PMC Bank; withdrawal restricted to Rs 1,000 per account

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desiman

RBI imposes restrictions on PMC Bank; withdrawal restricted to Rs 1,000 per account

https://economictimes.indiatimes.com/industry/b...

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Deal Cadet Deal Cadet
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For some reason I don’t trust these co-op banks, mostly politicians & other Benamis are on their boards with no proper compliance.

Deal Cadet Deal Cadet
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Bank or institution name may be anything…but #next is everyone of us.#
Seh lenge thoda…

Pro Entertainer Pro Entertainer
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@amanhere2011608

2019: Yes seh lenge thoda, aakhir humare bhale ke liye hi toh kar rahe sab.

2023: Ek hi kidney toh manga hai. Koi nahi aakhir humare bhale ki liye hi toh. 🙈

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@amanhere2011608

no

they will still vote for them only.

Deal Cadet Deal Cadet
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@rogerthat

Because Indians vote on Emotions rather than real work.
We r sold in fake nationalism ( we as many citizens, many from independent institutions)

Some of us loosing money in bank, some of us dying on road cause of gaddas in road , farmers suicide increased, many jobless, industries fallen and we r nothing but dead souls roaming around who has to obey every move by govt. No real opposition remained and govt successfuly managed to get many oppositions in their parties by fear of IT, ED.

Bardaasht karte jaao, apno ko kuchh hua toh phir govt ko koso aur aakhir mein voting toh Baad mein BJP Ko hee karna hain. Yaa phir jisko bhi Kiya hai, voh toh BJP mein hee Jaana hai.

This is getting worse day by day.

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Deal Major Deal Major
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PMC Bank Scam Claims Its Fifth Victim as 73-Year-Old Dies of Heart Attack in Maharashtra
The woman was reportedly really worried for her family’s future as her daughter and son-in-law had deposits worth Rs 2.5 crore in the bank.

https://www.news18.com/news/india/pmc-bank-scam...

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Deal Cadet Deal Cadet
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vote for bjp. you will get all the money locked in PMC accounts +15 lacs promise from modi

Deal Major Deal Major
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does any one even care what happens to people rolleyes

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Deal Major Deal Major
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Another PMC depositor dies, family says no link with crisis

A 68-year-old man who had an account with the scam-hit Punjab and Maharashtra Co-operative Bank died in suburban Mulund, his relatives said on Thursday.

They, however, did not the blame the crisis at the bank for his death.

Keshumalbhai Hinduja is the sixth known PMC Bank depositor who died after restrictions were imposed on withdrawal of funds from the bank, leaving its depositors high and dry.

Hinduja, a resident of Mulund Colony, was admitted to a private hospital on Tuesday evening after he complained of chest pain, said a family member.

Hinduja, who ran a shop in the area, died due to cardiac arrest, he said.

“We don’t want to blame the bank for the death, as it was by natural causes,” he added.

The bank’s depositors have been agitating, seeking that they be allowed to withdraw their money which is stuck due to an RBI-imposed cap. — PTI

http://news.rediff.com/commentary/2019/oct/31/a...

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Deal Major Deal Major
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PMC bank scam: Another depositor dies, family claims death due to lack of money for treatment

PMC bank account holder Andrew Lobo from Mumbai passed away on Monday. His friends and other PMC account holders claimed that he died as he was not able to access his money on time for treatment.

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Deal Major Deal Major
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The Reserve Bank on Tuesday enhanced the cash withdrawal from the scam-hit Punjab & Maharashtra Cooperative (PMC) Bank to Rs 50,000 per account.

Deal Major Deal Major
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A 26-year-old PMC Bank depositor died of a heart attack on November 23 in Mumbai. He is 8th PMC Bank Depositor to lose his life since the scam was unearthed.

https://www.timesnownews.com/videos/mirror-now/...

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RBI extends regulatory restrictions on PMC Bank by 3 months

*The Reserve Bank of India on Saturday said it has extended regulatory restrictions on Punjab and Maharashtra Cooperative Bank for three more months till June 22, 2020.

The RBI had put a six-month regulatory restriction on the bank on September 23, 2019, after finding out certain financial irregularities, hiding and misreporting of loans given to real estate developer HDIL.

“It is hereby notified for the information of the public that the validity of the directive dated September 23, 2019, as modified from time to time, has been extended for a further period of three months from March 23, 2020 to June 22, 2020, subject to review,” the RBI said in a release.*

https://news.rediff.com/commentary/2020/mar/21/...

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