PMC customers allowed to withdraw Rs 10,000

Mumbai: In a relief to the harried customers of crisis-hit Punjab & Maharashtra Cooperative Bank, the Reserve Bank on Thursday increased the cash withdrawal limit to Rs 10,000 per account, which will help over 60 per cent customers of the crippled lender.

The RBI had on Tuesday imposed a slew of restrictions on the bank for six months, allowing withdrawal of only Rs 1,000 for the bank's depositors, leaving the customers, who are typically not from the well-heeled a worried lot.