With the above relaxation, more than 78% of the depositors of the bank will be able to withdraw their entire account balance.
In September, the RBI restricted the activities of the PMC Bank for six months including withdrawing of funds and acceptance of fresh deposits after an alleged fraud of Rs 4,355 crore came to light.
The PMC Bank has been put under restrictions by the RBI after an alleged fraud of Rs 4,355 crore scam came to light.
The Economic Offences Wing earlier this month registered a case against the Wadhawans and top officials of the PMC Bank for allegedly causing losses to the tune of Rs 4,355.43 crore to the bank.
Congress leader Rahul Gandhi addresses a press conference on farmers issue at AICC HQ in New Delhi.PTI Photo/Ravi Choudhary
Workers prepare beds inside a special COVID-19 ward to treat persons infected with the Omicron variant, at Rajiv Gandhi Government General Hospital in Chennai.PTI Photo/ R Senthil Kumar
Volunteers participate in an event to pay tribute to victims on the 37th anniversary of 1984 Bhopal gas tragedy, in Bhopal.PTI Photo
Boat anchored along the shore in view of Cyclone Jawad, in Puri.PTI Photo
Travellers arriving from Banglore stand in a queue to get tested for COVID-19, in wake of the SARS-CoV-2 variant Omicron, at Central Railway Station, in Chennai.PTI Photo/R Senthil Kumar
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