Mumbai (Maharashtra): A delegation of Shiv Sena MPs on Tuesday met RBI Governor Shaktikanta Das requesting him to redress issues related to the Punjab and Maharashtra Co-operative (PMC) Bank customers.
Party MPs Arvind Sawant, Gajanan Kirtikar, Anil Desai and Rahul Shewale also wrote a letter and suggested some actions.
The party said that the RBI should consider merging PMC with one of the large public sector or private sector banks.
In the letter to Das, Shiv Sena said: "You may consider requesting the state and central government for the recapitalisation of the bank. You may also consider increasing the insurance cover from Rs 1 lakh to Rs. five lakh as an additional measure."
Last month, the RBI restricted the activities of the PMC Bank for six months and asked it to not grant or renew any loans and advances, make any investment or incur any liability, including borrowing of funds and acceptance of fresh deposits.