PMC Financial institution Depositors Protest Outdoors RBI's Mumbai Workplace

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The depositors within the scam-hit PMC financial institution protested exterior RBI’s workplace in Mumbai, weeks after restrictions had been placed on money withdrawals. An identical protest was organised in Delhi. After an alleged Rs. 4,355 crore rip-off got here to gentle on the PMC Financial institution, the RBI initially capped withdrawals at Rs 1,000 in view of liquidity disaster, and later hiked it to Rs 40,000.

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