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Depositors shouldn’t worry, RBI Governor on PMC bank issue
National

Depositors shouldn’t worry, RBI Governor on PMC bank issue

Agency News

RBI Governor Shaktikanta Das said on Friday that the depositors of PMC bank should not worry.

He was responding to a media query while presenting the new repo rates by MPC.

Giving relief to thousands of customers of Punjab and Maharashtra bank customers, Reserve Bank of India (RBI) on Thursday increased the withdrawal limit to ₹25,000 from ₹10,000. The new limit will allow 70% of the bank’s depositors to withdraw all of their money, the central bank said in a statement.