Finance Minister Nirmala Sitharaman said that nearly 78% of scam-hit PMC Bank's depositors are now allowed to withdraw their entire account balance. She added that in case of emergencies, depositors can withdraw up to Rs. 1 lakh. After PMC Bank scam was discovered in September, the RBI restricted withdrawals from its accounts amid alleged financial irregularities.
Finance Minister Nirmala Sitharaman said that nearly 78% of scam-hit PMC Bank's depositors are now allowed to withdraw their entire account balance. She added that in case of emergencies, depositors can withdraw up to Rs. 1 lakh. After PMC Bank scam was discovered in September, the RBI restricted withdrawals from its accounts amid alleged financial irregularities.
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