PMC Bank Scam: Mumbai Police Detain Depositors Protesting Outside CM Thackeray's House

Not only Matoshree, but some of the depositors also held protests outside Reserve Bank of India (RBI)'s office in Mumbai, where people especially women were heard sloganeering- "We Want Justice" and were holding placards with Hindi slogans "RBI promise us to return our money".

Some of the depositors of Punjab and Maharashtra Co-operative (PMC) Bank who were protesting outside Matoshree, the residence of Chief Minister Uddhav Thackeray, were detained by Mumbai Police on Sunday. (ANI)

New Delhi: Some of the depositors of Punjab and Maharashtra Co-operative (PMC) Bank who were protesting outside Matoshree, the residence of Chief Minister Uddhav Thackeray, were detained by Mumbai Police on Sunday. The protesters were also seen holding posters blaming Prime Minister Narendra Modi for the crisis due to which they were not able to withdraw their entire account balance. Not only Matoshree, but some of the depositors also held protests outside Reserve Bank of India (RBI)'s office in Mumbai, where people especially women were heard sloganeering- "We Want Justice" and were holding placards with Hindi slogans "RBI promise us to return our money". Some of the women protesters also used a copper plate and a wooden stick to create sounds in order to mark their protest. The police detained some of them from outside the CM's office. A delegation of the PMC Bank depositors, later met Thackeray and apprised him about their concerns. In September, the RBI had imposed regulatory restrictions on the PMC Bank for six months over alleged financial irregularities. The RBI had asked the bank not to grant or renew any loans and advances, make any investment or incur any liability, including borrower of funds and acceptance of fresh deposits. Subsequently, the RBI capped the withdrawal limit for the PMC Bank depositors to Rs 1,000 which was gradually increased to Rs 50,000.