A depositor of the troubled Punjab and Maharashtra Co-operative (PMC) Bank died of a cardiac arrest on Tuesday due to stress, his family in Mumbai has said.
Fattomal Punjabi is reportedly the second customer of PMC Bank to die in less than 24 hours after another depositor, Sanjay Gulati, 51, died following a protest by depositors on Monday. Mr Gulati, a former employee of the defunct Jet Airways, had deposits worth Rs 90 lakh in the bank.
Mr Gulati is survived by his wife and two children.
Last month, the Reserve Bank of India (RBI) restricted the activities of PMC Bank for six months and ordered it not to give or renew any loans and advances, make investment or incur any liability, including borrowing funds and accepting fresh deposits.
PMC Bank is a multi-state scheduled urban co-operative bank with operations in Maharashtra, Delhi, Karnataka, Goa, Gujarat, Andhra Pradesh and Madhya Pradesh. It has a network of 137 branches.
The RBI has raised the withdrawal limit for PMC Bank account holders to Rs 40,000 from Rs 25,000.
Former Director Of PMC Bank Arrested In Bihar PMC Bank Branches To Run As Unity Small Finance Bank Entities RBI Extends Restrictions On PMC Bank Till March 31, 2022 Why BJP Lost Lok Sabha Polls In Uttar Pradesh - 6 Reasons In Party Report Travel Influencer Aanvi Kamdar Dies After Falling Off A Waterfall Near Mumbai Puja Khedkar's Mother, Who Waved Gun At Farmers, In Police Custody More Than 40% Of Japanese Companies Have No Plan To Use AI: Reuters Poll "Unjustified": Russia On India Facing "Enormous Pressure" Due To Energy Ties Man Receives Worm-Infested Amul Buttermilk, Company Apologises Track Latest News Live on NDTV.com and get news updates from India and around the world.