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80% of PMC customers will get money back: Amit Shah

Tuesday, October 15, 2019, 8:53 AM

Around 80% of Punjab & Maharashtra Co-operative Bank's customers will likely get all their money back once legal proceedings are over, Home Minister Amit Shah said, as he sought to assuage concerns over the scandal-hit bank's ability to pay its depositors. The PMC Bank was placed under regulatory restrictions by the Reserve Bank of India after a massive scam was unearthed at the bank.