12,133.90-35.95
Stock Analysis, IPO, Mutual Funds, Bonds & More

PMC Bank depositor dies, family says no link with crisis

68-year-old Keshumalbhai Hinduja, who had an account with the scam-hit PMC Bank died in suburban Mulund, his relatives said on Thursday. They, however, did not the blame the crisis at the bank for his death. He is the sixth known PMC Bank depositor who died after restrictions were imposed on withdrawal of funds from the bank.

PTI|
Oct 31, 2019, 06.06 PM IST
0Comments
BCCL
pmc-bank-bccl
Mumbai: A 68-year-old man who had an account with the scam-hit Punjab and Maharashtra Co-operative Bank (PMC) died in suburban Mulund, his relatives said on Thursday.

They, however, did not the blame the crisis at the bank for his death. Keshumalbhai Hinduja is the sixth known PMC Bank depositor who died after restrictions were imposed on withdrawal of funds from the bank, leaving its depositors high and dry.

Hinduja, a resident of Mulund Colony, was admitted to a private hospital on Tuesday evening after he complained of chest pain, said a family member.
Hinduja, who ran a shop in the area, died due to cardiac arrest, he said.

"We don't want to blame the bank for the death, as it was by natural causes," he added.
The bank's depositors have been agitating, seeking that they be allowed to withdraw their money which is stuck due to an RBI-imposed cap.

Also Read

RBI flagged irregularities at PMC Bank in 2007: Audit

RBI flagged irregularities at PMC Bank in 2007: Audit

Panel to assess value of assets mortgaged by PMC borrowers

PMC Bank scam: HC sets up panel for sale of HDIL assets

Pawar meets Anurag Thakur to discuss revival of scam-hit PMC Bank

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service