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Man with Rs. 90 lakh deposit in PMC Bank dies after protest

Man with Rs. 90 lakh deposit in PMC Bank dies after protest

India Blooms News Service | @indiablooms | 15 Oct 2019, 08:20 am

Mumbai: A man, who had a deposit of Rs. 90 lakh in the crisis-hit Punjab Maharashtra Cooperative Bank (PMC), died on Monday hours after participating at a protest organised by the distressed customers of the bank, media reports said.

The protest was organised outside a Mumbai court.

Sanjay Gulati, 51, died at the dinner table.

Gulati, who was a father of two children, had lost his job at Jet Airways after the airline shut its operations.

A candle march has been planned by the depositors of PMC Bank on Tuesday evening.

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.

Image Credit: Screenshot grab from NDTV video

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