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RBI extends curbs on PMC Bank by 3 months

Updated : March 23, 2020 07:26 AM IST

In its previous directions, the RBI had increased the withdrawal limit on depositors to Rs 50,000, allowing 78 percent on deposit holders to withdraw the entire amount in their accounts.
The central bank's statement can be seen in light of the RBI's actions in the Yes Bank case, where a withdrawal limit was imposed and lifted within 15 days as the RBI lined up a slew of top banks to rescue Yes Bank.
RBI extends curbs on PMC Bank by 3 months

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