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PMC Bank: Weddings, dreams, hopes come crashing for aggrieved customers
Updated On: 26 September, 2019 07:13 AM IST | Mumbai | Chetna Sadadekar, Anamika Gharat
On the morning after, customers continue scramble to withdraw their Rs 1,000 and desperately seek some answers but find none forthcoming from bank
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Simran Yadav is in tears outside the bank's premises at Goregaon West, on Wednesday. Pic/Sameer Markande
Messages from the Punjab and Maharashtra Co-operative Bank's MD and the RBI on the directives imposed on the bank brought no relief to account-holders as they read and re-read the RBI notices pasted outside all branches of PMC banks on Wednesday. Locked out of their accounts, customers tried to make sense of the notices even as they queued up at the branches to withdraw R1,000 that the RBI has permitted them to.
Money saved for marriages, children's education, medical emergencies, and more is now stuck with many fearing to lose it forever. People waited for hours outside several PMC banks on Wednesday to get more clarity on the situation. Disappointed customers waited to know the way to get their money back. Among these were account-holders with deposits worth more than R50 lakh in the bank.
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