Customers Stranded as #RBI Restricts #Withdrawal to Rs 1,000 at Mumbai-based #PMCBank for Six Months.
The PMC Bank has been barred from granting, renewing and loans and advances, make any investments, accept fresh deposits, etc, without the prior written approval from RBI.
The Reserve Bank of India has placed restrictions on the amount that can be withdrawn from the Punjab & Maharashtra Cooperative Bank, Mumbai, setting the limit at Rs 1,000.
The central bank placed the urban co-operative bank under directions for six months from the close of business of the bank on September 23, 2019, creating panic among the banks depositors sending shock waves in city trading community.
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Customers Stranded as #RBI Restricts #Withdrawal to Rs 1,000 at Mumbai-based #PMCBank for Six Months. The PMC Bank has been barred from granting, renewing and loans and advances, make any investments, accept fresh deposits, etc, without the prior written approval from RBI. The Reserve Bank of India has placed restrictions on the amount that can be withdrawn from the Punjab & Maharashtra Cooperative Bank, Mumbai, setting the limit at Rs 1,000. The central bank placed the urban co-operative bank under directions for six months from the close of business of the bank on September 23, 2019, creating panic among the banks depositors sending shock waves in city trading community. If You Like The Video Please Hit Like. You Wanna Say About That Type Little Comment Below. Finally Hit Subscribe & Bell Icon For More Updates On #VCRMultiplex.