PMC Bank crisis: Fourth death 83-year-old unable to pay for surgery

Agencies
October 19, 2019

Mumbai, Oct 19: An 83-year-old depositor of the troubled PMC Bank died on Friday, with his family claiming that they could not raise money for his heart surgery after restrictions were imposed on fund withdrawals.

This is a fourth incident of the death of a depositor of the Punjab & Maharashtra Cooperative Bank after the RBI appointed administrator on the city-headquartered lender.

Two of the depositors had died of cardiac arrest, while another, a woman doctor, allegedly committed suicide.

Murlidhar Dharra (83) died at his home in suburban Mulund on Friday, his son Prem Dharra told news agency.

The family had a total of Rs 80 lakh in deposits with the bank (which was placed under restrictions since September 24), he said.

Doctors had recommended heart surgery for his father, but they could not arrange the money as the deposits are stuck at the bank, Prem said.

It can be noted that under the RBI directions, exceptions can be made for medical emergencies. It was not known immediately whether the PMC Bank refused a request from the family under this provision.

After an alleged Rs 4,355 crore scam came to light at the bank, the RBI initially capped withdrawals at Rs 1,000 in view of liquidity crisis, and later hiked it to Rs 40,000 in three moves.

The depositors have been protesting over the last three weeks, seeking their money back.

On Tuesday, 51-year-old Sanjay Gulati, who had recently lost his job with Jet Airways when the airline was grounded, died of a heart attack hours after attending a depositors' protest.

It was followed by alleged suicide of Dr Nivedita Bijlani, and death of Mulund-resident Fatto Punjabi due to cardiac arrest.

The crisis at the bank is being attributed to loans given to realty player HDIL, which were allegedly hidden from regulators' scrutiny, turning non-performing assets.

Five persons, including HDIL promoters, have been arrested in the case.

Comments

INDIAN
 - 
Saturday, 19 Oct 2019

now you want hindutva country...then vote for modi and die.

 

am very sad that one innocent human died...this man made money for his last life but the money never helped him..

 

Politician say vote for BJP we will save hindu people, but in reallity they say lie and make you belive that muslim is your enemy.

 

In mangalore most hindus & muslims are good people they cooperate each other in all scenerio but please dont belive in political guy who use you only for his power and money to feed his family..

 

 

 

 

 

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News Network
February 12,2020

New Delhi, Feb 12: The Centre on Wednesday said the NRC data in Assam is safe even though some technical issues were visible and that will be resolved soon.

The Union Home Ministry clarification came in view of reports that data of the final list of the National Register of Citizens has been made offline from its official website.

"The NRC data is safe. Some technical issues are in visibility on cloud. These are being resolved soon," a home ministry spokesperson said.

The data was not available for a couple of days and it created panic in the public, mostly among the people excluded from the list as the rejection certificates were yet to be issued.

NRC State Coordinator Hitesh Dev Sarma accepted that the data has been made offline, but refuted the allegation of any "malafide" intent in it.

The cloud service for the huge set of data was provided by IT firm Wipro and their contract was till October 19 last year. However, this was not renewed by the previous coordinator.

So, the data got offline from December 15 after it was suspended by Wipro, Sarma said.

He said the state coordination committee had decided to do necessary formalities in its meeting on January 30 and wrote to the Wipro during the first week of February.

"Once Wipro makes the data live, it will be available for public. We hope people will be able to access it in the next 2-3 days," Sarma said.

The complete detail of exclusion and inclusion of bonafide Indian citizens in the NRC was uploaded on its official website http://www.nrcassam.nic.in after the final list was published on August 31, 2019.

The final NRC was published by excluding 19,06,657 persons. A total of 3,11,21,004 names were included out of 3,30,27,661 applicants.

After the earlier NRC State Coordinator Prateek Hajela relinquished the charge on November 11 following his transfer to home state Madhya Pradesh on a direction from the Supreme Court, Sarma was appointed in his place on November 9.

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News Network
February 16,2020

Varanasi, Feb 16: Amidst continuing protests against the amended citizenship law, Prime Minister Narendra Modi on Sunday said his government stood by the decision despite all pressure.

"Be it the decision on Article 370 or the Citizenship Amendment Act, it was necessary in the interest of the country. Despite pressure, we stand by our decision and will remain so," he said.

Modi was addressing a public meeting in his Lok Sabha constituency.

Prime Minister Narendra Modi also asserted that the trust set up for construction of the Ram temple in Ayodhya will work "rapidly".

"A trust has been formed for construction of a grand Ram temple in Ayodhya. This trust will work rapidly," he said at a public meeting during his day-long visit to his Lok Sabha constituency.

The government had recently set up the Shri Ram Janmabhoomi Teerth Kshetra on the Supreme Court's directive to the Union government to form a trust that can look into the construction and management of the temple.

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News Network
June 26,2020

New Delhi, Jun 26: Petrol prices in the national capital have reached Rs 80.13 per litre on June 26, up by 21 paise from yesterday’s Rs 79.92 per litre; while diesel prices in Delhi also rose to Rs 80.19 per litre – up by 17 paise compared to yesterday’s Rs 80.02 per litre.

This is the 20th consecutive day that fuel prices have been hiked by oil marketing companies (OMCs). The hikes began from June 8 after a 83-day halt on revised pricing during the lockdown period.

The state government’s increased value-added tax (VAT) on diesel since May is causing the fuel’s prices to soar in Delhi. VAT was increased to 30 percent for both petrol and diesel from 27 percent and 16.75 percent, respectively.

Coupled with the Centre’s hiked excise duty of Rs 3 per litre since March 14 and then Rs 10 per litre on petrol and Rs 13 per litre on diesel since May 5 has affected prices.

The hike on diesel prices is unusual, as the government traditionally keeps the price for the fuel low due to its impact on agriculture and other high consumption economic activities.

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