PMC Bank depositors to go on fast unto death

February 19, 2020 02:11 am | Updated 02:11 am IST - Dhairya Gajara

The depositors of Punjab and Maharashtra Cooperative (PMC) Bank on Tuesday announced that they would start a fast-unto-death on March 2 if they do not get their money back.

Thousands of depositors, who have been facing severe difficulties after the bank’s collapse, have been protesting and trying to meet officials since September 2019.

On Tuesday, a six-member delegation representing the depositors met Nationalist Congress Party leader Supriya Sule to request her to raise the issue with the Central government.

Anita Lohiya, a depositor who was part of the delegation, said they asked Ms. Sule to arrange a meeting with Prime Minister Narendra Modi and Reserve Bank of India governor Shashikanta Das. “She has said she would try to arrange a meeting with both of them. Since the restrictions on the bank are about to end next month, we requested her to recommend that the restrictions not be extended. If the authorities don’t give clear signs, we have no option but to go on a fast unto death,” Ms. Lohiya said.

A group of depositors on Tuesday also visited the bank's head office in Bhandup to meet Jay Bhagwan Boria, the RBI-appointed administrator, but said Mr. Boria did not provide a satisfactory reply to their queries.

Vidya Merwade, another depositor, said PMC account-holders are facing a lot of stress due to their money being stuck. “The death toll of PMC depositors has reached 23. It could be someone from our family next time. We just want our money back and punishment for the culprits. Even if they cannot pay us our money till March, we want the RBI governor or the Central government to give a satisfactory reply on the issue. If any protester dies, the government, RBI and PMC Bank will be responsible for it,” Ms. Merwade said.

Top News Today


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.