Activist Bejon Kumar Misra filed the petition seeking directions to RBI to ease out the moratorium for withdrawal of deposited money of depositors from PMC Bank during the pandemic New Delhi: The Delhi High court has asked Centre and Reserve Bank of India (RBI) to appreciate the difficulties faced by Punjab and Maharashtra Bank Cooperative Bank (PMC) depositors with respect to moratorium on withdrawals and decide the same in accordance with law, rules, regulations and government policy applicable to the facts of the case.
The order comes on a plea seeking directions to RBI and other respondents to ease out the moratorium for withdrawal of deposited money of depositors from PMC Bank during the pandemic. “In view of this limited submission,