Will safeguard depositors' interests, PMC Bank management assures RBI

Administrator J B Bhoria and his team met Shaktikanta Das and other senior officials on Wednesday to apprise them of the position of the bank after relaxation of the withdrawal limit to Rs 40,000

At a time when a few deaths have been linked to the deposit withdrawal restrictions put on PMC Bank, the administrator and members of the advisory committee of the bank assured the Reserve Bank of India (RBI) governor that all efforts would be undertaken to safeguard the interests of the bank’s depositors and stakeholders.

Administrator J B Bhoria and his team met governor Shaktikanta Das and other senior officials on Wednesday to apprise them of the position of the bank after relaxation of the withdrawal limit to Rs 40,000.

“While discussing the various operational issues, it was informed that the