April 03, 2026 03:31 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
AAP drops Raghav Chadha from key parliamentary role, sparks buzz over internal rift | Amit Shah to camp in West Bengal for 15 days during Assembly polls; predicts Mamata’s defeat in state and Bhabanipur | 'BJP plotting President’s Rule, don’t fall in the trap': Mamata Banerjee on Malda unrest, urges peace | 'Most polarised state': CJI Kant raps Bengal govt over 9-hour hostage of judicial officers | Bengal SIR protest: Judge pleads for help amid mob attack after 9-hour hostage ordeal | Bengal SIR progress: 47 lakh of 60 lakh adjudicated cases disposed of, Supreme Court informed | Amit Shah to join Suvendu Adhikari on Bhabanipur nomination day; BJP plans mega roadshow | Fuel prices rise: Premium petrol, diesel hiked amid oil price surge | Commercial LPG up Rs 195.50 as global oil prices rise; domestic rates unchanged | Layoff alert: Oracle cuts 30,000 jobs globally, 12,000 hit in India

Three PMC Bank depositors die within 24 hours

| @indiablooms | Oct 16, 2019, at 11:40 am

Mumbai: Three people, who had deposits in crisis-hit Punjab Maharashtra Cooperation Bank (PMC Bank), died within 24 hours with one of them committing suicide, media reports said.

The first two people have reportedly died of cardiac arrest due to "severe stress".

The third person, who was a doctor, has committed suicide due to "depression".

Sanjay Gulati, 51, was the first person to die.

Gulati, who had a deposit of Rs. 90 lakh in the PMC, died on Monday hours after participating at a protest organised by the distressed customers of the bank.

The protest was organised outside a Mumbai court. 

The PMC Bank faced the crisis after real estate firm HDIL defaulted on loans worth Rs. 4,355 crore from the bank.

Maharashtra Chief Minister Devendra Fadnavis, also a Bharatiya Janata Party (BJP) candidate for the upcoming Maharashtra polls, said he will take up the PMC crisis with the central government. 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.