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

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Deal Major
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. 🙈

Blogger Blogger
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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 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 Major Deal Major
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earlier 2 coop banks had gone down wonder what happened to their revival rolleyes

Entertainer Entertainer
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Yeah got those SMS yesterday from MD himself..
Have savings account in PMC..Let’s c when the issue gets resolved.. pensive

Deal Lieutenant Deal Lieutenant
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….this bank is gone and except 2-3 banks i don’t trust any bank in India now…anyone can fail with just 1 lakh insurance ….better spread your money for safety….

….A new kind of insurance would start in India against this kind of bank failure….

Pro Entertainer Pro Entertainer
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and who is behind HDIL?

Pro Entertainer Pro Entertainer
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Next is LIC I suppose grin

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

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Deal Major Deal Major
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yeh sab kuch jo ho raha hai soch samajh kar hi ho raha hai

jo yeh sab bardasht nahi kar sakta woh NRI ban sakta hai – NOT REQUIRED INDIAN

Community Angel Community Angel
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NRI – Nahi Rahete Idhar

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Vanguard Vanguard
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How can they restrict public from withdrawing their own money? Keeping it under PCA is understood but is this even legal?

Deal Major Deal Major
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City Coop Bank / Kapol coop Bank – pensive

these 2 also made people suffer

Pro Entertainer Pro Entertainer
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Very bad situation. Should make some adjustments for withdrawal. With extra documentation or other things

Deal Major Deal Major
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Instead of just Rs 1K, PMC customers now allowed to withdraw Rs 10,000

Now, more than 60 per cent of depositors of the bank will be able to withdraw their entire account balance.

https://www.rediff.com/business/report/pmc-cust...

Vanguard Vanguard
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Is it 10000 per withdrawal or total 10000 only?

Deal Major Deal Major
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Mumbai: Sion housing societies have Rs 5 crore stuck in PMC Bank

At least 14 societies in Pratiksha Nagar have accounts with the bank, which is under operational restrictions

https://www.mid-day.com/articles/mumbai-sion-ho...

Deal Major Deal Major
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PMC Bank: If RBI had bothered about “Fit & Proper” Check, How did it Ignore the Wadhwan and HDIL Connection

https://www.moneylife.in/article/pmc-bank-if-rb...

rolleyes
Deal Major Deal Major
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PMC Bank crisis: Bldr who didn’t repay ₹2,500 crore granted 96.5-cr personal loan

https://mumbaimirror.indiatimes.com/mumbai/cove...

Entertainer Entertainer
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https://cdn0.desidime.com/attachments/photos/587389/medium/Screenshot_2019-09-27-11-48-34-367_com.android.mms.png?1569565141

Deal Cadet Deal Cadet
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👆 One of the promoters family removing all jewellery from PMC BANK, using backdoor.

True?

Deal Major Deal Major
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RBI increases withdrawal limit for PMC depositors to Rs 25,000

Blogger Blogger
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They will not be able to understand until personally felt.

Some even then will not bother.

Hutiya wahi katwaayenge par bhakt hi kehlaayenge.

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Deal Major Deal Major
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PMC bank depositors hold protest outside Esplanade Court in Mumbai

http://www.newindianexpress.com/nation/2019/oct...

Deal Cadet Deal Cadet
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If elections to be hold today, still half of them at least will still vote for BJP. ..

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Deal Cadet Deal Cadet
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Reserve Bank of India enhances withdrawal limit for depositors of Punjab and Maharashtra Cooperative (PMC) Bank Ltd to Rs 40,000.

Deal Major Deal Major
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PMC Bank withdrawal limit raised to Rs 40,000 from Rs 25,000: RBI

In a further relief to Punjab and Maharashtra bank customers, Reserve Bank of India (RBI) on Monday increased the withdrawal limit to Rs 40,000 from Rs 25,000 earlier.

Deal Major Deal Major
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The Punjab and Maharashtra Cooperative Bank crisis has claimed another life.

A 51-year-old man, identified as Sanjay Gulati, died from a cardiac arrest after returning home from a protest against the PMC Bank scam in Mumbai.

pensive

PMC Bank depositor dies after protest in Mumbai

https://www.rediff.com/news/report/pmc-bank-dep...

Deal Subedar Deal Subedar
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Sad moment

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Deal Major Deal Major
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Chief Minister Devendra Fadnavis on Tuesday said that after assembly elections in the state, he will take up the issue of Punjab and Maharashtra Co-operative Bank with the centre.

Deal Major Deal Major
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Merge PMC Bank with larger bank: Sena to RBI

The Shiv Sena on Tuesday urged the Reserve Bank of India to merge the crisis-hit Punjab & Maharashtra Cooperative Bank with a larger public sector or private lender.

In memorandum to the RBI, Sena leaders including Union minister Arvind Sawant and MPs Gajanan Kirtikar, Rahul Shewale and Anil Desai said the Central bank should consider merging PMC Bank with a PSU or private bank such as Punjab National Bank, Bank of Baroda or ICICI Bank.

Blogger Blogger
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RBI can’t do this

GOI can any time if u must know

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Deal Major Deal Major
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Mumbai Doctor With Account In PMC Bank Kills Herself, Police Deny Link

An official, however, said police “did not think” the suicide was related to the crisis at PMC Bank and financial troubles it had subjected thousands of depositors to.

flushed
Tech Guru Tech Guru
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Why people still keep money in those banks still bums me out. Every here and there, there is a scheduled commercial bank.

Deal Cadet Deal Cadet
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Many People usually think , bank is bank.
Banks have some regulation and it will never let them down. If they still do, rbi & govt is with them who will never let them down. But sadly govt made them down too.

Deal Major Deal Major
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Former PMC Bank director Surjit Singh Arora arrested after questioning over scam

https://www.indiatoday.in/india/story/pmc-bank-...

Deal Major Deal Major
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Depositor of Scam-Hit PMC Bank Dies of Heart Attack after ‘Failing to Withdraw Money’, Fourth Such Death

https://www.news18.com/news/india/another-scam-...

pensive
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