Sharad Pawar meets Anurag Thakur to discuss revival of scam-hit PMC Bank

NCP chief Sharad Pawar on Monday met Union Minister of State for Finance Anurag Singh Thakur to discuss possibilities of revival of the troubled Punjab & Maharashtra Cooperative (PMC) Bank.

After the meeting in Delhi, the Rajya Sabha member termed the discussion as "constructive".

The PMC Bank has been put under restrictions by the RBI, after a multi-crore scam came to light following which the deposit withdrawal was initially capped at Rs 1,000, causing panic and distress among depositors.

The withdrawal limit was increased gradually to Rs 50,000.