289: PMC Bank Scam: Police Custody of Accused Extended, Withdrawal Limit Hiked To Rs 40,000: What Next?

The RBI has informed depositors in PMC bank that their withdrawal limit has been increased from Rs 25,000 to Rs 40,000 for the next six months. So, today we’ll answer THREE important questions - So what’s happened since we last spoke? And what next in the PMC crisis? Keep listening, because we’re answering all three questions on this podcast. First off, depositors can withdraw Rs 40,000 now, as of 14 October.  The economic offenses wing of the Police will continue to have custody of Rakesh Wadhawan, Sarang Wadhawan and Waryam Singh till 16 October. The two Wadhawans are the directors of HDIL, and Waryam Singh is the former chairman of PMC bank. Listen to the podcast for the rest of the story!