PMC Bank issue raised in Lok Sabha

PMC Bank issue raised in Lok Sabha
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Raising the issue of scam-hit Punjab & Maharashtra Cooperative (PMC) Bank in the Lok Sabha on Wednesday, a BJP member asked the finance ministry to direct the RBI to resolve the issue and ensure that all depositors get back their money.

New Delhi : Raising the issue of scam-hit Punjab & Maharashtra Cooperative (PMC) Bank in the Lok Sabha on Wednesday, a BJP member asked the finance ministry to direct the RBI to resolve the issue and ensure that all depositors get back their money.

Kapil Patil (BJP), Lok Sabha member from Maharashtra, said lakhs of people have accounts in that bank and now they are facing problem as the RBI has put certain restrictions on withdrawal of money.

He said that several of the persons do not have money to pay fees for their children. "They observed Diwali festival in dark...I request finance ministry to direct RBI on the issue so that people get back their money," he said while raising the issue during Zero Hour.

Distressed depositors of scam-hit PMC Bank on Wednesday held a day-long protest outside the RBI office here, demanding their "hard-earned" money be returned at the earliest. Raising an issue during the Zero Hour, Nishikant Dubey (BJP) demanded that members of ST community who change their religion should be denied the benefit of reservation.

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