New Delhi: Hours after one of the account holders in the crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank died of cardiac arrest, another 59-year-old man died on Tuesday because of the same cause while sitting in a protest in Mumbai.
Earlier in the day, a 51-year-old account holder in the beleaguered bank, died of a cardiac arrest while returning home after attending a protest rally against the PMC Bank scam in Mumbai.
The deceased was later identified as Sanjay Gulati who had deposits worth Rs 90 lakhs in the Oshiwara branch of the PMC Bank.
“He was an engineer in Jet Airways but lost his job some four to five months ago. He deposited over Rs 90 lakh in PMC bank and was hopeful that he would do something with it. He was very much depressed after returning from the protest rally,” Rajesh Dua, a relative of the deceased told ANI.
He said that it became difficult for him to run his family and even bear the expenses of the treatment of his child. “He was not suffering from any disease nor have any health-related problem,” he added.
Demanding reimbursement of their money from the bank, a number of depositors in the PMC Bank on Monday held a protest outside the city’s Esplanade Court.
Giving further relief, the Reserve Bank of India (RBI) on Monday raised the withdrawal limit for depositors of PMC Bank to Rs 40,000 from the earlier limit of Rs 25,000. It is the third raise by the RBI in the past one month. On October 3, the central bank had raised the withdrawal limit to Rs 25,000 from the earlier cap of Rs 10,000.
After the irregularities in the PMC Bank came to limelight, the RBI had last month restricted the activities of the bank for six months and asked it to not grant or renew any loans and advances, make any investment or incur any liability, including borrowing of funds and acceptance of fresh deposits.
With massive operations in Maharashtra, New Delhi, Karnataka, Goa, Gujarat, Andhra Pradesh, and Madhya Pradesh, PMC Bank is a multi-state scheduled urban cooperative bank. With a network of 137 branches, it ranks among the top 10 cooperative banks in the country.