Sikh Board Members of PMC Bank Banned From Community

The board members include the chairman and the director's of PMC Bank.

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Amid the PMC Bank crisis, eight Sikh board members have been banned by their community from going to gurudwara and community-run institutes. The board members include Chairman Waryam Singh, Vice-Chairman Balbir Singh Kochhar, directors Surjit Singh Narang, Daljit Singh Bal, Surjit Singh Arora, Rajneet Singh, Gurnam Singh Hothi and Jasvinder Singh Banwait, as well as their families have been stripped of their membership in gurdwaras and community-run trusts that operates 28 schools, four colleges and a hospital in Mumbai and Navi Mumbai. 

Also Read: PMC Bank Crisis: RBI Says There Is No Need To Panic

Further, the gurudwaras across the country have been asked to ban them. Notably, there will soon be a community gathering to celebrate the 550th birth anniversary of Guru Nanak. Recently, the Reserve Bank of India (RBI) issued a statement to address this panic and to assure people that the banking system in India is still well-oiled machinery, RBI has said that “Indian banking system is safe and stable and there is no need to panic on the basis of such rumours”.

Also Read: PMC Bank Employees Protest Outside HDIL Owner's Residence

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