MUMBAI: Union Finance Minister Nirmala Sitharaman on Thursday said that the government has nothing to do whatsoever with the multi-crore Punjab and Maharashtra Cooperative (PMC) Bank scam in which thousands of people have been duped by its promoters.
The FM, however, assured that the Reserve Bank of India will take appropriate action against those found guilty in the PMC bank scam.
”Finance Ministry may have nothing to do with it (PMC bank matter) directly because RBI is the regulator. But from my side, I’ve asked the secretaries of my ministry to work with Rural Development Ministry and the Urban Development Ministry to study in detail as to what is happening,” the FM said.
FM: Finance Ministry may have nothing to do with it (PMC bank matter) directly because RBI is the regulator. But from my side, I’ve asked the secretaries of my ministry to work with Rural Development Ministry & Urban Development Ministry to study in detail as to what is happening pic.twitter.com/DyKhXJfiqk
— ANI (@ANI) October 10, 2019
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FM Sitharaman said this after meeting the depositors of Punjab and Maharashtra Cooperative (PMC) Bank, who staged a massive protest outside the BJP office in Mumbai.
Krishna, a depositor said, “I don’t know what they’re doing, don’t care what they’re doing. I want my money back. I won’t be able to earn again whatever I’ve put in the bank.”
Source: Zee News