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Two weeks after withdrawal curbs, PMC Bank customers continue to suffer
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New Delhi, Oct. 11 -- Two weeks after the Reserve Bank of India (RBI) imposed restrictions on Punjab and Maharashtra Co-operative Bank Ltd's (PMC Bank) and its customers, things may be limping back to normalcy for the lender's harried clients. While they cannot access their deposits for the next six months and can only withdraw up to Rs.25,000, they have been able to open accounts in other banks for managing their day-to-day life.
Yet, for many old-time loyal customers of PMC Bank, the experience with other banks hasn't been that great either. "I opened an account with Canara Bank, but they don't have cheque books. The bank is saying it will take 20 days to get a cheque book," said Raja Singh, a railway contractor, who had both savings a...
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