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PMC Bank Account Holders File PIL In Bombay HC For Lifting Restrictions On Withdrawal
Nitish Kashyap
1 Oct 2019 2:17 PM IST
A group of depositors at the Punjab and Maharashtra Co-operative Bank have filed a PIL before the Bombay High Court seeking directions to the Reserve Bank of India to remove withdrawal restrictions imposed on account holders at PMC after the bank disclosed certain irregularities to the central bank.RBI had imposed such withdrawal restrictions under Section 35A of the Banking Regulation Act,...
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