PMC Bank crisis: Fourth depositor dies, family says had no funds for surgery
An 83-year-old depositor of the crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank died on October 18, news agency PTI reported. The man was a heart patient and his family said they were unable to arrange funds to pay for a critical heart surgery.
This is the fourth such incident where a depositor has lost his life owing to the crisis that hit the lender. The deceased, Murlidhar Dharra, ironically had around Rs 80 lakh in deposits at the PMC Bank . However, his family was unable to access the money due to the curbs placed by the RBI on withdrawals from the bank.
Earlier, two people died due to cardiac arrest while a woman committed suicide due to troubles arising as a result of troubles with the lender. The 83-year-old Dharra died at his home in suburban Mulund earlier in the day for want of an urgent heart surgery, his son Prem told PTI.…
- Rs 10.5 crore cash missing from PMC records: Bank’s internal investigation team (Oct 18, 2019, Times of India)
- Supreme Court Turns Away PMC Account Holders Seeking End to Cash Withdrawal Restrictions (Oct 18, 2019, News18)
- Reliance Industries becomes first Indian company to hit market valuation of Rs 9 lakh crore (Oct 18, 2019, Times of India)
- The Dangerous ‘Bail-In’ Proposal by PMC Bank’s Rich Depositors (Oct 11, 2019, Money Life)