Set up grievance mechanism for PMC Bank depositors in relation to withdrawal ceiling of Rs 5 lakh: Delhi High Court suggests RBI

The Court also pulled up RBI for leaving the issue of permitting or not permitting withdrawal with PMC Bank.
PMC bank, RBI
PMC bank, RBI

The Delhi High Court today suggested that a grievance mechanism be set up for Punjab & Maharashtra Co-operative Bank (PMC Bank) depositors in relation to the withdrawal ceiling of Rs 5 lakh set by the Reserve Bank of India. (Bejon Mishra vs UOI)

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