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PMC Bank crisis: Customers lose faith in cooperative banks

Updated : October 04, 2019 10:15 PM IST

After Punjab and Maharashtra Cooperative (PMC) Bank, which has 137 branches and over Rs 11,000 crore in deposits, was put under restrictions last week after the RBI discovered financial irregularities, anger and pain are seen at several branches of the bank in Mumbai.

A heart-surgery in doubt, question mark’s over a daughter's wedding and post-dated cheques starting to bounce -- every bank branch is full of stories about many customers who are simply helpless.

CNBC-TV18’s Archana Shukla reports from Mumbai's Sion branch of PMC Bank.
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