PMC Bank Crisis: 2 account holders die of heart attack, 1 commits suicide

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2 min readOct 17, 2019
PMC Bank Crisis: 2 account holders die of heart attack, 1 commits suicide

With the Reserve Bank of India (RBI) placing withdrawal restrictions in Punjab and Maharashtra Co-operative (PMC) Bank following a 4,355 crore scam, at least three stressed account holders have so far died in Mumbai, according to agency reports.

Two of the deceased PMC account holders were said to be distressed following the crisis and died of heart attack while the third one committed suicide.

Less than 24 hours after 51-year-old Sanjay Gulati died of cardiac arrest after returning from a protest in the PMC Bank issue, another PMC Bank customer Fattomal Punjabi also died due to heart attack, ANI reported.

Punjabi’s family alleged that he was under stress following the crisis in PMC Bank

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In the third case, Dr Nivedita Bijlani (39) allegedly ended her life by taking overdose of sleeping pills at her residence in suburban Versova late Monday evening, PTI reported. She is said to have deposits of over ₹1 crore with PMC Bank. The police, however, has denied any link of the PMC Bank issue with her suicide.

“The cause of the suicide is yet to be ascertained. She had an account in PMC Bank but we don’t think it (death) was related to the crisis in the bank,” a PTI report quoted a police official as saying.

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