Mumbai man could not bear loss of Rs 90 lakh in PMC bank, dies after cardiac arrest

15 Oct 2019 08:59 PM

Mumbai man could not bear loss of Rs 90 lakh in PMC bank, dies after cardiac arrest

Updated 15 Oct 2019 08:59 PM

Mumbai's Sanjay Gulati suffered from a cardiac arrest after participating in a protest on the PMC Bank issue. 
He was a resident of Tarapore Gardens, Oshiwara. PMC Bank depositors on Monday held a protest, outside the city's Esplanade Court, demanding reimbursement of their money from the bank.
The Reserve Bank of India on Monday raised the withdrawal limit for depositors of PMC Bank to Rs 40,000 from the earlier limit of Rs 25,000, the third such raise in the last month. On October 3, the RBI had permitted the depositors of the bank to withdraw up to Rs 25,000 of the total balance in their accounts.

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