Finance Minister Nirmala Sitharaman on Monday said that nearly 78 per cent of depositors of Punjab and Maharashtra Corporation bank are now allowed to withdraw their entire account balance.

Nearly 78% PMC bank depositors allowed to withdraw entire balance: Nirmala Sitharaman

Scores of depositors of the scam-hit Punjab and Maharashtra Cooperative (PMC) Bank staged a protest here on Saturday demanding the removal of restriction on cash withdrawal imposed by the Reserve Bank of India (RBI), which is currently capped at Rs 40,000 for six months.

PMC Bank scam: Depositors stage protest in Mumbai

Gravitas: Indian Banks Face Credibility Crisis

Government's First Priority Now Is To Address The Concerns Of The Depositors Of PMC Bank. #WIONEdit #Gravitas

WION Edit: PMC Bank Scam: Lessons To Learn

If Your Bank Fails, You Could Very Well Lose A Large Part OF Your Savings. #Gravitas

Gravitas: What Happens When A Bank Goes Bust

PMC Bank Scam: Government, RBI, Fraudulent Bankers & Auditors Are All At Fault.

Gravitas: PMC Bank Scam: Who's To Blame?

So, it's all good to blame the system and live in denial, the most important question is - what should be done to resolve the crisis in the PMC Bank? Whatever the government does now, will amount to only damage control.

WION Edit: PMC bank scam - transparency in banking sector must be improved

The Bombay High Court on Thursday agreed to hear the Public Interest Litigation (PIL) which sought relief from an RBI order of Rs 10,000 withdrawal limit in Punjab and Maharashtra Co-operative (PMC) Bank.

Bombay HC agrees to hear PIL seeking relief from RBI order on withdrawal limit in PMC bank

The Reserve Bank of India (RBI) has enhanced the withdrawal limit for depositors of Punjab and Maharashtra Cooperative (PMC) Bank Ltd to Rs 40,000. On October 3, the RBI had permitted the depositors of the bank to withdraw up to Rs 25,000 of the total balance in their accounts.

Reserve Bank of India increases withdrawal limit for Punjab and Maharashtra Cooperative Bank to Rs 40,000

The Economic Offences Wing (EOW) has frozen the bank accounts of Joy Thomas, the suspended Managing Director of the Punjab and Maharashtra Cooperative (PMC) Bank.

PMC Bank case: EOW freezes bank accounts of former MD

A group of people affected by the cash withdrawal restrictions of Punjab and Maharashtra Cooperative (PMC) Bank has threatened to boycott the upcoming Assembly elections if the issue is not resolved.

Affected by PMC bank restrictions, many threaten to boycott upcoming Assembly polls

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