Two weeks after the Reserve Bank of India (RBI) imposed restrictions on Punjab and Maharashtra Co-operative Bank Ltd’s (PMC Bank) and its customers, things may be limping back to normalcy for the lender’s harried clients. Yet, for many old-time loyal customers of PMC Bank, the experience with other banks hasn’t been that great either. While protests are on to recover the money, PMC Bank customers facing family or medical emergencies have written to RBI seeking its help. He deposited part of this money with PMC Bank and the next day the bank shut down. “The government can implement Article 370 in no time, then what is stopping them from helping 16 lakh bank depositors of PMC bank," asked one depositor.

Source: Mint October 10, 2019 17:37 UTC