PMC Bank Customer Dies From Cardiac Arrest, Family Holds Bank Responsible

by Ritu Versha 6 months ago Views 520
Sanjay Gulati
Sanjay Gulati, a customer of the Punjab and Maharashtra Cooperative (PMC) Bank, died from a cardiac arrest on Monday. Gulati’s Rs 90 lakh is stuck in the bank.

Meanwhile, the Reserve Bank of India (RBI) has increased the cash withdrawal limit for PMC Bank customers from Rs 25,000 to Rs 40,000.

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Customers of PMC Bank are dealing with many difficulties ever since the scam involving the bank came to light. On Monday, one of the bank’s customers Sanjay Gulati died from cardiac arrest. A resident of Oshiwara’s Taraporewala Garden, 51-year-old Gulati’s Rs 90 lakh are stuck in PMC Bank. Gulati had also participated in a demonstration against the bank outside a court in Mumbai on Monday. His family members have held PMC Bank completely responsible for his death.

Meanwhile, in a mild relief to PMC Bank customers, the RBI on Monday raised the bank’s cash withdrawal limit from Rs 25,000 to Rs 40,000. The RBI gave this information through a tweet on Monday. It said that through the relief given, more than 77% of bank customers will be able to withdraw their full amount from the bank.

Also, the RBI said that it is keeping a close watch on the bank’s condition and will keep taking steps in the interest of customers in the future as well.

Earlier, on Monday, PMC Bank customers held a demonstration outside Mumbai’s Esplanade Court and raised the slogan “RBI is a thief”.

On Monday itself, in this case, Mumbai’s Esplanade Court increased till October 16 the police custody of HDIL Chairman and Managing Director Rakesh Wadhawan, his son Sarang Wadhawan and former PMC Bank chairman Waryam Singh.

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