PMC Bank withdrawal limit challenged at SC

PMC Bank withdrawal limit challenged at SC

Vivek Dixit, a resident of Delhi, has filed a writ petition before the Supreme Court challenging the Reserve Bank of India’s (RBI) decision to restrict the withdrawal limit to ₹40,000 for customers of Punjab and Maharashtra Cooperative Bank Limited (PMC). The RBI had restricted the withdrawal of deposits to ₹40,000 on October 14.