78% depositors of PMC Bank can withdraw entire deposits: Govt

The minister said steps are being taken to seize properties of promoters of the PMC Bank, auction such properties and repay depositors with the money obtained. Sitharaman said the Rs 50,000 withdrawal ceiling for depositors continues but for scenarios like marriage, education, livelihood and other "hardships", the withdrawal limit if Rs 1 lakh.

from Banking/Finance-Industry-Economic Times https://ift.tt/2RgQn2p