Sena MLA seeks merger of PMC Bank for relief to depositors

Shiv Sena leader Ravindra Waikar on Saturday demanded merger of the beleaguered Punjab and Maharashtra Cooperative (PMC) Bank with any other lender having a sound financial position in order to provide relief to its depositors.

Raising the issue in the Maharashtra Legislative Assembly here under point of procedure, Waikar claimed that 19 depositors of the bank have died ever since the scam came to light in September this year.

"One person's wrongdoings should not affect other genuine customers of the PMC Bank. I request Chief Minister Uddhav Thackeray to pursue the matter of the bank's possible merger with any other bank with a sound financial condition," he said.

While talking to reporters later on the premises of the Vidhan Bhavan, the state legislature complex, Waikar said, "When the PMC Bank scam came to light, I had requested the then Maharashtra chief minister (Devendra Fadnavis) and also written a letter to Prime Minister Narendra Modi to look into the issue."