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Will Ask RBI Governor to Let PMC Customers Withdraw Money, Says Sitharaman After Protest Outside BJP Office

Sitharaman, who was to hold a press briefing on the Maharashtra elections, delayed the press conference and talked to the protesters.

Finance minister Nirmala Sitharaman outside the BJP office on Thursday.

Mumbai: Finance Minister Nirmala Sitharaman on Thursday met the aggrieved customers of Punjab and Maharashtra Co-operative Bank after depositors whose money is stuck protested outside the BJP office at Nariman Point in Mumbai.

Sitharaman, who was to hold a press briefing on the Maharashtra elections, delayed the press conference and talked to the protesters, assuring them that she would talk to RBI Governor Shaktikanta Das about allowing PMC customers to withdraw their money and convey to him the urgency of the matter.

Sitharaman said she also explained to PMC bank customers that RBI takes action in cases where malpractice is detected, and it is doing what is to be done by law.

Although the bank was not registered by the ministry of finance, Sitharaman said she has asked secretaries in her ministry to study in detail to find out what went amiss in order to formulate amendments to avoid such cases in the future.

“We will try to bring in resolutions in the upcoming winter session of the Parliament and will also take legislative steps to avoid such cases,” she said.

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Source: News18