Punjab and Maharashtra Co-operative (PMC) Bank customers panic, as RBI imposes restrictions. This is on account of many regulatory lapses including massive under reporting of Non-Performing Assets (NPA)
RBI has capped withdrawals per account at Rs. 1000 for next six months and also PMC can not make fresh loans.

After initial checking of PMC records and considering hardship with depositors’, RBI has relaxed withdrawal limit of PMC Bank depositors. Per Account withdrawal limit has been increased from Rs. 1,000 to Rs. 10,000.