Punjab and Maharashtra Cooperative (PMC) Bank account holders hold a banner during a protest, outside RBI headquarters in Mumbai.
PTI Photo/Shashank Parade
Depositors of Punjab and Maharashtra Cooperative Bank holding placards raise slogans during a protest, in Bengaluru.
PTI Photo/Shailendra Bhojak
Punjab and Maharashtra Co-operative (PMC) Bank depositors stage a protest outside RBI BKC, at Bandra in Mumbai.
PTI Photo
Punjab and Maharashtra Co-operative (PMC) Bank victims protest outside Reserve Bank of India (RBI) in New Delhi. The PMC Bank has been in the news for allegedly extending loans to ...
PTI Photo/Atul Yadav
PMC Bank account holders protest against Daljit Singh Bal outside his complex at Mankhurd in Mumbai.
PTI Photo
Punjab and Maharashtra Cooperative (PMC) Bank's depositors hold placards and raise slogans during a protest outside Reserve Bank of India at BKC, in Mumbai.
PTI Photo
Punjab and Maharashtra Cooperative (PMC) Bank's depositors hold placards and raise slogans during a protest outside Reserve Bank of India at BKC, in Mumbai.
PTI Photo
PMC bank depositers protest outside the bank at Andheri East in Mumbai.
PTI Photo
Two accused auditors CA Ketan Lakdawala and CA Jayesh Sangh leave a court after being summoned in connection with PMC Bank scam, in Mumbai
PTI Photo
PMC bank account holders display placards as they raise slogans during their protest outside Reserve Bank of India (RBI), in New Delhi
PTI Photo/Kamal Singh
PMC bank account holders display placards as they raise slogans during their protest outside RBI office, in Mumbai.
PTI Photo/Mitesh Bhuvad
PMC Bank account holders hold placards and raise slogans as they protest outside RBI office, at BKC in Mumbai.
PTI Photo/Mitesh Bhuvad
PMC Bank account holders hold placards and raise slogans as they protest outside RBI office, at BKC in Mumbai.
PTI Photo/Mitesh Bhuvad
Punjab and Maharashtra Cooperative (PMC) Bank account holders stage a protest at Aazad maidan, in Mumbai.
PTI Photo/Shashank Parade
PMC Bank account holders hold placards as they protest at Azad maidan in Mumbai.
PTI Photo/Shashank Parade
Depositors of PMC Bank protest outside the Reserve Bank of India, at BKC in Mumbai.
PTI Photo
Depositors of PMC Bank protest outside the Reserve Bank of India, at BKC in Mumbai.
PTI Photo
Account-holders of the Punjab and Maharashtra Co-operative Bank (PMC) display placards during a protest over the Reserve Bank of India (RBI)'s curb on the bank, at Azad Maidan, in ...
PTI Photo/Shashank Parade
Senior citizen Harish Malkani (69) with his wife Rani Malkani (L) at their home in Mumbai. Both husband and wife are retired civil servants and have deposited all their savings in ...
PTI Photo/Shirish Shete
Allwyn Dsouza, a 100 percent blind for the past 20 years, is one of the depositors of the crisis-hit PMC bank. Dsouza is dependent on the interest received to look after himself an...
Bad loans and frauds are just some of the symptoms of illness that is afflicting the Indian banking sector. Even the Reserve Bank of India is worried that the common man is losing confidence
The move follows the weekend assurance by finance minister Nirmala Sitharaman to urge the Reserve Bank to look into the woes of the depositors of the cooperative bank with urgency.
Members of the Finance Ministry and the RBI will look into the matter of the PMC scam and try to amend the laws so that cases like these can be curtailed
Customers of the bank, who are facing severe restrictions on withdrawal of funds since the dire situation of the bank came to light, demand that there should be 'only jail and no bail' for the accused.