collapse Of PMC bank having 137 branches with multi state presence
16 Lac Depositor deposited their life saving .
We are begging for our own money.
RBI as regulator is responsible entire fiasco unable to trace out fraud even after regular Inspection .
Govt as well state govt is silent about lacs deposit holder lost their money.
Govt should come forward for bail out proposal and save the .
35A Should be removed to generate confidence and Trust of Deposit Holder.
Trust and Reputation is Very Important for bank
Mahendra Doshi more
If the govt could write off Rs 275000 cr, due to public sector banks from big borrowers, and will have to forego 20 to 30 percent of the NPAs, in the name restructuring big borrowers, helping the PMC Bank depositors, by injecting Rs 5000 cr is nothing.
This amount, to the extent possible, should be recovered from the bank's borrowers, the officials and the auditors, who colluded to give away the bank's fund without adequate collateral . If they cannot pay up, they should be imprisoned according to the law. more
All the bank officers and Board of directors of the Company and the Bank should be severely punished by attaching their properties and putting them behind bars.
The auditors of the bank and the company should also be severely punished. Blacklisted for life. more