Mumbai: Amid instances of deaths and also a suicide, of depositors, troubled Punjab and Maharashtra Bank’s (PMC) administrator met RBI brass including Governor Shaktikanta Das here Wednesday.
“It was assured that the bank will make all efforts to safeguard the interests of depositors and other stakeholders,” the statement from JB Bhoria, who was placed as the administrator last month by RBI, said.
It also informed that the PMC Bank is in the process of recasting its balance sheet to present a ‘true and fair picture’, according to the press release from the administrator.
The meeting with Shaktikanta Das, Deputy Governor and other senior officials of the RBI came after police authorities confirmed the death of one more depositor, Fattomal Punjabi (61) due to natural causes.
Reports of Punjabi’s death come a day after another depositor, Sanjay Gulati (51) due to a heart attack after participating in a depositors’ protest, and the suicide of Dr Nivedita Bijlani. Both Gulati (Rs 90 lakh) and Bijlani (over Rs 1 crore) had high amounts stuck with the bank.
The PMC statement said the bank management led by Bhoria apprised Governor Das of the position of the bank after relaxation of the withdrawal limits to Rs 40,000.
“It was informed that the bank would expedite the processes of assessment of the realisability of the securities available with the bank and the forensic audit presently underway,” the press release said.
PTI