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PMC Bank depositors detained for protesting outside CM Thackeray's house

The RBI had asked the bank not to grant or renew any loans and advances, make any investment or incur any liability, including borrower of funds and acceptance of fresh deposits.

ANI 

PMC Bank

Some of the depositors of the Punjab and Maharashtra Co-operative (PMC) Bank were detained by Mumbai Police on Sunday after they protested outside Matoshree, the residence of Chief Minister

The depositors also held protests outside Reserve Bank of India (RBI)'s office in Mumbai, where people especially women were heard sloganeering- "We Want Justice" and were holding placards with Hindi slogans "RBI promise us to return our money".

Later, a delegation of the depositors met Maharashtra Chief Minister and apprised him about their concerns.

Some of the women protesters also used a copper plate and a wooden stick to create sounds in order to mark their protest.

In September, the RBI had imposed regulatory restrictions on the for six months over alleged financial irregularities.

The RBI had asked the bank not to grant or renew any loans and advances, make any investment or incur any liability, including borrower of funds and acceptance of fresh deposits.

Subsequently, the RBI capped the withdrawal limit for the depositors to Rs 1,000 which was gradually increased to Rs 50,000.

First Published: Sun, December 15 2019. 15:41 IST
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