Cong demands registration of FIR against PMC directors
Congress has equated the crisis in the Punjab and Maharashtra Co-operative (PMC) Bank to the multi-crore Punjab National Bank (PNB) fraud.
Addressing a press conference in the capital on Sunday, party’s national spokesperson Gourav Vallabh alleged that withdrawal limit imposed on the PMC account holders is a systemic failure of the Reserve Bank of India (RBI).
In view of this restriction, the party has further demanded that withdrawal limit should also be lifted.
The recent RBI action on the PMC Bank seems to be a systemic failure rather than an Individual Bank failure.