Congress to move court against restrictions on PMC bank customers

Mumbai Congress President Eknath Gaikwad has said that his party will move the court against the Reserve Bank of India's decision to impose withdrawal restrictions on customers of Punjab and Maharashtra Cooperative Bank.

Addressing a press conference in Mumbai yesterday, Gaikwad said that even though the RBI has increased the limit of withdrawal from the earlier Rs 1,000 to Rs 10,000, it is not



enough in times of inflation and slowdown. 

He said that his party unit delegation had sought an appointment with the RBI governor to discuss the hardships of 16 lakh account holders of PMC bank however, the appointment was denied at the last minute. He added that the party demanded the RBI to relax restrictions on customers to withdraw their own money.