Nearly a month after the RBI clamped down on the operations of scam-hit PMC Bank, the depositors say their woes have only worsened, with some unable to pay school fees of their wards, while others finding it difficult to meet medical expenses

FM Nirmala Sitharaman stated that she has talked to RBI Governor Shaktikanta Das who assured that the concerns of PMC Bank account holders will be kept on top priority

This BusinessToday.In 'Graphicle' looks at how PMC Bank officials and HDIL promoters conducted a Rs 4,635-crore scam

Mumbai Police on Thursday arrested HDIL promoters Rakesh Kumar Wadhawan and Sarang Wadhawan in the PMC Bank loan case; both have been sent to police custody till October 9

PMC bank officials allegedly created 44 hidden accounts with fake credentials to help HDIL; loans given to HDIL later turned into NPAs, leading to its bankruptcy and PMC's exposure of thousands of crores

As per DICGC website, all commercial banks including branches of foreign banks functioning in India, local area banks and regional rural banks are insured by the DICGC

If the RBI is satisfied with progress that the bank can get back to shape in a short period, it will free the bank from its clutches