Home / Mumbai / Mumbai News / Article /
PMC Bank: BJP MLA Tara Singh says, money will be safe
Updated On: 26 September, 2019 07:23 AM IST | | Hemal Ashar
Mulund's flamboyant MLA Tara Singh whose father was the moving spirit behind the beleaguered PMC Bank urges people to keep the faith
Listen to this article :
On Tuesday evening Punjab and Maharashtra Co-Operative Bank Ltd (PMC) customers got a panic attack after hearing that the Reserve Bank of India (RBI) had put 'directions' on the bank. This meant that those who banked with them saw their finances locked and were told they could withdraw just Rs 1,000 in six months. A day on, conjecture fuelled by WhatsApp messages in overdrive has added to the fear. In this atmosphere, Tara Singh, Bharatiya Janata Party (BJP) MLA from Mulund, has told the people, "do not panic, your money will be safe".
Singh has seen this bank grow to its considerable 137 branches across the country. He said, "My father Sardar Partap Singh was a visionary. He came to India as a refugee from Pakistan. Like most from the community, he came here empty-handed but started a number of initiatives for the community. These were hospitals and schools for the community."
Trending Stories
Latest Photos
Latest Videos
Latest Web Stories
ADVERTISEMENT
Mid-Day Fast
ADVERTISEMENT
ADVERTISEMENT