Union Home Minister Amit Shah has said that more property has been seized compared to the level of fraud in the Punjab and Maharashtra Co-operative (PMC) Bank case and assured investors that their interests will be protected."In case of PMC Bank, more property has been seized than the amount of fraud. Everyone's money has to come (to them). There is a process that will be completed in some time," Shah told India Today TV.The remarks came on a day Reserve Bank of India raised the withdrawal limit for depositors of PMC Bank to Rs 40,000 from the earlier limit of Rs 25,000.Finance Minister Nirmala Sitharaman had earlier in the day said she was closely monitoring the developments at PMC Bank and had a discussion with RBI Governor who had assured that customers' interest will be protected.PMC has been facing problems allegedly due to its exposure to realty player Housing Development & Infrastructure Ltd to which it loaned a substantial part of its advances.In its statement on ...
