After the unexpected shut down of the Punjab and Maharashtra Co-operative (PMC) Bank, the agitation amongst the people had increased. Some of the account holders had lost their life-long hard-earned money whereas some of them were seeking answers behind the sudden fiasco.
Accordingly, PMC Bank employees had sat outside the residence of the owner of Housing Development and Infrastructure Ltd (HDIL) group protesting against the company, according to ANI.
This comes after the bank had admitted that HDIL was a major defaulter in the bank. Apart from employees, account holders too were seen protesting outside the bank on Thursday. The shut down affected the most the long-time account holders who were lamenting on the withdrawal limit, that has now been set at ₹10,000 for the upcoming six months.
Mumbai: Employees of Punjab and Maharashtra Co-operative (PMC) Bank sit outside the residence of the owner of Housing Development and Infrastructure Ltd (HDIL) group, in protest. The group is a loan defaulter at the bank. #Maharashtra pic.twitter.com/5pEMOu9VfJ
— ANI (@ANI) September 26, 2019
The group of customers of crisis-hit PMC Bank held sit-ins at the bank headquarters and at various branches demanding action against its chairman and board members.
In the meantime, PMC Managing Director Joy Thomas had issued a statement which said that he takes full responsibility for the situation and assured all the depositors that these irregularities will be rectified before the expiry of six months.
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