Good news for PMC Bank account holders! RBI increases withdrawal limit
PMC Bank crisis: The Reserve Bank of India (RBI) on Tuesday increased the ATM withdrawal limit for PMC account holders. The apex bank has decided to increase the PMC Bank ATM withdrawal limit to Rs 50,000. This is done in order to ease the process of withdrawals, according to RBI.
The RBI has put a restriction on PMC Bank for six months and asked it not to grant or renew any loans and advances, make any investment or incur any liability, including borrowing of funds and acceptance of fresh deposits. Reuters