Depositors Panic As RBI Imposes Rs. 1,000 Withdrawal Limit On PMC Bank

The Reserve Bank of India has put limitations on the withdrawal of amount by accountholders of the Mumbai-based Punjab and Maharashtra Co-Operative Bank (PMC Bank) for six months. "The depositors will be allowed to withdraw a sum not exceeding Rs. 1,000 of the total balance in every savings bank account or current account or any other deposit account by whatever more