CM Fadnavis expresses concerns over PMC bank depositor’s money ambushed; Says, ‘Will talk to PM Modi’

Rolling the streets ahead of the state assembly elections, Maharashtra CM Devendra Fadnavis affirmed the distressed depositors of the scam-hit PMC Bank that he would discuss the issue of their distress with Prime Minister Narendra Modi when he meets.

A group of Punjab and Maharashtra Cooperative Bank customers met Fadnavis after an election rally he addressed in Mumbai to campaign for BJP candidate and sitting MLA Sanjay Kelkar, who is contesting from Thane City constituency.

Aggrieved depositors put forth their woes to the CM, who gave them a patient hearing, but said he could not give them any assurance as the model code of conduct was in force. “I will meet PM Modi and have already prepared a brief on the PMC Bank issue for the meeting”, he said.

“After the elections on October 21,we will follow up on this issue and ensure that the bank is bailed out at any cost. It will not meet the same fate as the other co-operative banks,” he added. Earlier a group of agrieved customers had met Finance Minister Nirmala Sitharaman concerning the money ambushed.

PMC Bank is facing a crisis after an alleged Rs 4,500 crore scam came to light last month. The RBI has capped withdrawals from the bank at Rs 1,000 and later increased it to Rs 25,000 following protests by depositors. The bank had allegedly lent over 70 per cent of its Rs 9,000 crore in loans to near-bankrupt realty player HDIL.


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