As PMC Bank case drags on, depositors reduced to surviving on loans, charity

The RBI took control of PMC last September after it was accused of fraud and concealing non-performing loans. PMC's top officials and the owners of a realty company that received the bulk of the loans were arrested. The withdrawal cap has left many of PMC's over 9,00,000 depositors in deep difficulty.

from Banking/Finance-Industry-Economic Times
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