Bombay HC seeks RBI reply on PMC Bank crisis

On Monday, when the petition came up for hearing, the bench said it only wanted to know what the RBI was doing in the case.

What steps taken to help PMC Bank depositors, HC asks RBI

The Enforcement Directorate is investigating the case and has attached the assets of HDIL promoters.

Reserve Bank had separate departments for supervisory, regulatory functions which were integrated into two unified departments.

The plea was against withdrawal of restrictions in PMC Bank.

Three of the protesting members were detained by the police and taken away.

A delegation of depositors also met a chief general manager-rank officer after the protest in suburban BKC and submitted a memorandum.

Five persons, including HDIL promoters and bank's top management, have been arrested.

Arora was last week arrested by Mumbai Police''s Economic Offences Wing (EOW) in connection with the alleged Rs 4,355 crore scam.

Take the case of Sachin Rao, a special invitee to the coveted Congress Working Committee.

The victim, Murlidhar Dharra, 83, had as much as Rs 80 lakh in deposits with PMC Bank but could not withdraw money due to RBI curbs.