INDIA

PMC Bank Customers Hold Protest After RBI Files Affidavit in Bombay High Court

Mumbai: In another development, Punjab & Maharashtra Co-operative (PMC) Bank account holders on Tuesday held a protest outside the Bombay High Court soon after the Reserve Bank of India (RBI) filed an affidavit regarding the necessary steps to be taken for protecting the interest of customers before the Bombay HC.

After filing the affidavit, the RBI also provided a copy of it to the petitioners regarding steps to be taken for protecting the interest of customers.

The move from the RBI to file a detailed affidavit in the Bombay High Court came on a batch of petitions which were filed by the depositors of the PMC Bank, challenging the limit imposed by it on the withdrawal of money.

Earlier, the Bombay High Court had asked the RBI to file a detailed affidavit on the withdrawal limit imposed by it.

Pradnya Talekar, representing the petitioners in the case, had told ANI: “The petition was filed by three depositors of the PMC Bank challenging the directive of the RBI wherein limits were pressed on the withdrawal limits. They are not being allowed to access their own bank account due to the directives of the RBI.”

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