25-April-2024
Banking
 
RBI raises withdrawal limit for PMC Bank depositors to Rs 40,000
15-Oct-2019

The Reserve Bank of India (RBI) on Monday raised the withdrawal limit for depositors of Punjab & Maharashtra Co-operative (PMC) Bank to `40,000 from `25,000. The beleaguered urban co-op bank saw its board suspended on September 23 and an RBI-appointed administrator taking charge amid allegations of fraud and fund diversion.

News Source:- https://www.financialexpress.com/industry/banking-finance/rbi-raises-withdrawal-limit-for-pmc-bank-depositors-to-rs-40000/1735578/
 
 
 

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