An 83-year-old account holder of the scam-hit Punjab and Maharashtra Co-operative (PMC) Bank died of heart attack in Mumbai on Friday, after failing to raise sufficient funds for heart surgery.
Ironically, the deceased, Murlidhar Dharra had deposits worth as much as Rs. 80 lakh in the bank, but couldn't withdraw the amount because of the withdrawal limits imposed by Reserve Bank of India (RBI).
Doctors had recommended Dharra to undergo heart surgery
Dharra, a cardiac patient, breathed his last at his home in suburban Mulund.
Doctors had recommended him to undergo surgery for a heart condition, but the family was unable to access their money in the disgraced bank, due to daily withdrawal limits, the deceased's son Prem told PTI.
To recall, RBI imposed withdrawal limits after the bank was found engulfed in a multi-crore scam.
The PMC Bank crisis started after it was found that higher management of the bank had secretively lent huge loans to the bankrupt Housing Development and Infrastructure Ltd. (HDIL) and its group entities.
The loans amounting to Rs. 6,500 crore were four times the bank's regulatory cap and 73% of its total assets.
Ever since, PMC Bank customers have been protesting across the country.