Assurances, merger & correct information: What PMC depositors want from RBI

The crisis began after an alleged Rs 4,355-crore scam came to light and the RBI capped withdrawals at Rs 1,000 per customer from September 24

A group of distressed PMC depositors gathered outside the Reserve Bank of India (RBI) office here on Wednesday, seeking an assurance that their deposits in the scam-hit corporative bank are safe and will be returned to them within a stipulated time.

On Tuesday, the RBI increased the withdrawal limit from the bank's customers to Rs 50,000 but this has done little to assuage the concerns of the distressed depositors.

Most of the 20-odd depositors who have gathered at the RBI headquarters here are from Tilak Nagar in west Delhi, where the bank has a branch.

Taranjit Singh (33) said at least a representative