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Three PMC Bank depositors die within 24 hours

Three PMC Bank depositors die within 24 hours

India Blooms News Service | @indiablooms | 16 Oct 2019, 06:10 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. 

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