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RBI Raises Withdrawal Limit Of PMC Bank To Rs 10,000 Per Customer

Account holders in Punjab and Maharashtra Co-operative Bank (PMC) can finally breathe a sigh of relief as the Reserve Bank of India (RBI) on Thursday increased the withdrawal limit to Rs 10,000 from Rs 1,000 per customer for the next six months. A wave of panic and grief struck pockets of megapolis after  the central bank on Tuesday placed the urban co-operative bank under a slew of operational restrictions, citing irregularities, including under-reporting of higher NPAs.

Updated : 27 September 2019, 12:01 AM