PMC Bank Crisis: Another account holder dies of cardiac arrest

Earlier, on Monday, an account holder from Oshiwara had died of a heart attack after being unable to withdraw his life savings of ₹90 lakh from the bank

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Amidst the Punjab and Maharashtra Cooperative Bank (PMC) controversy, another account holder of the now-defunct bank, Fattomal Punjabi, died of a heart attack on Tuesday. Punjabi is the second victim who is a bank account-holder and has died due to a heart attack within 24 hours. 

A few days ago, Punjabi, who had an account with the PMC bank's Mulund branch, had taken part in protests and had told his friends about financial troubles he was facing because of the curbs placed on withdrawals by the Reserve Bank of India (RBI).

Also Read: PMC Bank Crisis: ED Seizes Property Worth ₹3,830 Crore

Earlier, on Monday, one Sanjay Gulati of Oshiwara in Mumbai had died of a heart attack after being unable to withdraw his life savings of ₹90 lakh from the bank. 

Meanwhile, the withdrawal limits were increased to ₹40,000 by the RBI on Monday, and the Central Bank said 77 per cent of the customers will be able to fully withdraw their deposits with this move.

According to reports, the major cause of this crisis is the exposure that the bank had to bankrupt Housing Development and Infrastructure Limited (HDIL).

The account holders in the bank have been protesting from the time the fraud has come to light. 

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