Within 24-hours Second PMC Bank Depositor Dies of Heart Attack in Mumbai

The ongoing Punjab and Maharashtra Cooperative (PMC) Bank second depositor died of a massive heart attack on Tuesday, 15 October, as per reports. When he left his home to visit the bank he had a heart attack at around 12:30 pm on Tuesday. He was taken to nearby Hospital - Gokul where he was declared dead, his neighbors said. Fattomal Punjabi of 59 years old. a resident of Mulund. He owned hardware and an electric store.

A 51-year-old Sanjay Gulati lost his job with Jet Airways whose family has a deposit of over Rs 90 lakh with the troubled bank, he attended a protest march on the same day he died. As per reports, Gulati along with his 80-year-old father he was present at the protest. He is the resident of Oshiwara, had gone to a protest march held outside the city because of his deposit being stuck. A senior official at Oshiwara police station said while having dinner on Monday Gulati died due to a heart attack.

In the memory of Sanjay Gulati and Fattomal Punjabi, a candle march to be organized on Tuesday evening where no politicians would be welcomed, which will be a political affair to mourn the tragic loss.

The PMC Bank has been placed under "directions" by the RBI since last month, wherein depositors' withdrawals have been capped.

On Monday, the limits were increased to Rs 40,000 by the RBI and the central bank said 77 percent of the customers will be able to fully withdraw their deposits with this move. As the bank's liquidity position improved the limits were earlier capped at Rs 1,000 and raised to Rs, 10,000 and Rs 25,000.

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