Cong demands registration of FIR against PMC directors
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Cong demands registration of FIR against PMC directors

By Heraldgoa calender  30-Sep-2019

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.
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  • This action has placed scores of depositors in the lurch and their hard-earned money is now under threat.

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