Impacted by the woes of victims of the PMC Bank, Union Minister Nitin Gadkari has written a letter to RBI Governor Shaktikanta Das, suggesting several options including introduction of special OTS scheme for the defaulters of PMC Bank, as a credible way out for the victims.
In the letter to RBI governor Gadkari writes, “I am very much concerned about the pain, misery, anxiety of depositors and therefore writing this letter to address the grievances of various such depositors of the bank, who are struggling hard to get their deposits back from their own accounts in the bank”.
“In order to protect the interest of these depositors of PMC bank, various measures may be suggested to the Reserve bank, e.g. among others to mention here a few are merger/amalgamation of the bank into a strong bank, branch merger instead of bank merger, conversion of some portion of deposits of depositors into Innovative Perpetual Debt Instruments i.e. IPDI, setting up of fast track courts for speedy disposal of defaulters’ cases etc”, his letter reads.
The letter further reads ” I therefore request you to issue necessary instructions to your good offices to introduce a special OTS scheme for defaulters of PMC bank. This will help the bank to improve its profitability and liquidity by releasing outstanding advances locked up in NPAs and thereby reduce its erosion level. I therefore urge you to consider the above request for the benefits and protecting the interest of the depositors of the PMC bank”,
Sharad Pawar daughter and a Member of Parliament from Maharashtra, Supriya Sule is also active in rescuing the interest of depositors of beleaguered bank PMC bank. Over eight months have passed but there is no ray of 
hope for the depositors who had parked their hard earned money in the bank and in this backdrop Sule held a meeting with the victims.
“NCP MP Supriya Sule had a meeting with PMC depositors through video conferencing”, read a news report.
Meanwhile, lakhs of victims of PMC bank have organized a campaign on social media and it is being reported that over 25 depositors of the bank have died. “The PMC case appears to be in cold storage for now,” said one of the depositors.
Readers would recall that the RBI superseded PMC Bank board in September 2019. Of its total loan book of Rs 8,383 crore, as on March 31, 2019, about 70 percent had been taken by real estate firm HDIL. The bank had Rs 11,600 crore in deposits.
Its rediculous to see the bank responce ..i m waiting since Long to get my Hard core money for my child education.. Hope they release me fast
Thank you , Mr. Nitin Gadkari and madam Supriya Sule. You are our ray of hope , in these bad times!
Many thanks Shri Gadkari ji and Supriya Sule madam for giving us a sympathetic ear and rooting to help the stranded PMC depositors.
22% depositors hold 99% of PMC bank deposit. Fraud started 8 years ago. No regulator cd see that. My home sold amount got struck. I was planning to get my elder daughter marriage. Rest balance amount for buying small house. Everything gone. Govt RBI must change outdated LAWS in coop bank sector to protect 8.60 lacs deposit and crores of poor account holder. Greedy fraudsters busi tycoon with help of auditors of all regulators openly cheating us. We can not take law on our hand and punish fraudsters co accused etc..its not our domain. However govt RBI must Sincerely to see our money come back to us. Here again RBI appointed administrator spending unoroductive expenses and lethargic time consuming will erode our reserves again. Y salary paid? Y rent paid? When we are begging they must sacrifice their also. To Corona take toll from every one. We need tesult oriented dynamic administrator in which we can lay our trust.
Justice delayed only means justice denied… PMC depositor
Start pmc bank asap
Please release all depositor’s fixed deposits. Even if they don’t get interest it’s okay. Please don’t grab money from poor people. Please do the needful. Thank you very much.
RBI also held responsible for this scam and it is a shame for the government not taking any action to protect helpless depositers.
With the participation of gadkari ji & supriyaji , few of the peoples politicians , in resolving the case of PMC Bank depositors ( who hv suffered due to no fault of theirs ) there is a ray of hope that the issue will see a positive end.
Hope the H’nble RBI Governer will resolve the matter before 22nd june.
Lets hope this time it works he has promised even before to look into the matter
Hope he is not busy to forget people dying suffering and some bigger work dosent make him forget PMC
To many hopes they give
Delivery yet to be seen
Hard time need God RBI Support to release everybody amount , Waheguruji
I had deposited my entire Retirement benefits ₹.31 Lakh only to get some more interest over SBI rate. They were giving 8%. Now I am struggling financially. I was to send my son for higher studies at Symbiosis, Pune by remitting ₹.16 Lakhbbut rhat was shaken. My son got great upset.
Hope Maharashtra Govt. Will do to get our hard earned retirement dues.