PMC Bank Crisis: RBI to meet a delegation of protestors

The delegation will meet with RBI officials to put forth their demands, which includes a written assurance from the central bank

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Following the demise of Punjab and Maharashtra Cooperative (PMC) Bank account holder Bharti Sadarangani due to a heart attack on Monday, 10 representatives of the depositors that staged a protest at the Azad Maidan in Mumbai have moved towards the Reserve Bank of India (RBI) on Tuesday.

The move comes after the apex bank had earlier said that it is open to have a dialogue with the protestors. A delegation of protestors has now moved towards the bank to put forth their demands, which includes a written assurance from the central bank. According to the reports, representatives will come back to Azad Maidan after the meeting to decide the next course of action.

Also Read: Bank Unions Call For Nationwide Strike; SBI To Remain Unaffected

Previously, RBI had said that only four protestors would be taken to the RBI office for the meeting but upon the demand of the protestors, 10 people would now meet the RBI officials.

Earlier on Monday, a 73-year-old passed away on Monday due to a heart attack. The family of the deceased claims that her daughter had savings of ₹2.25 crore in PMC Bank. However, ever since the money was blocked, Bharti was under tremendous stress about how will her daughter survive and pay bills.

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