The RBI took control of PMC last September after it was accused of fraud and concealing non-performing loans. PMC's top officials and the owners of a realty company that received the bulk of the loans were arrested. The withdrawal cap has left many of PMC's over 9,00,000 depositors in deep difficulty.source https://economictimes.indiatimes.com/industry/banking/finance/banking/no-funds-available-depositors-at-indias-pmc-bank-survive-on-loans-charity/articleshow/77758452.cms
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