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Mumbai: PMC bank depositors threaten to go on hunger strike

Staging a demonstration at Azad Maidan, they warned the government to not extend the moratorium on the withdrawal limit of '1 lakh

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PMC bank depositors stage a protest at Azad Maidan on Friday. Pic/Bipin Kokate

PMC bank depositors stage a protest at Azad Maidan on Friday. Pic/Bipin Kokate

Depositors and account holders of Punjab and Maharashtra Cooperative (PMC) bank staged a protest at Azad Maidan on Friday and said that if the government extended the moratorium on the withdrawal limit of '1 lakh, which ends on December 22, then they would go on an indefinite hunger strike.

About 100 depositors participated in the protest and alleged that the government was doing partiality with PMC bank and was not willing to solve the financial crisis. "It's been 15 months and not a single mortgaged property has been auctioned. The government is not serious about the concerns of the depositors. Every time they give us false assurances. But if they do not come up with a solution soon, we will go on an indefinite hunger strike and gherao the RBI headquarters," said depositor Nikhil Vora.

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