Mumbai: An account holder at India's crisis-hit Punjab Maharashtra Co-operative (PMC) Bank, who had deposits of over Rs9million ($126,000) with the bank, died of a heart attack in Mumbai on Monday.
Sanjay Gulati, 51, attended a protest by distressed customers of the bank outside a Mumbai court on Monday morning. He had been stressed about his deposits at PMC, said one of the protesters.
Gulati went to the protest with his 80-year-old father. Hours later, he collapsed at the dinner table, a police official said.
He was an engineer with Jet Airways and lost his job when the airline shut operations. He is survived by a wife and two children, including a differently-abled son.
"Any of us could face a similar fate... Six of my family members have accounts at PMC Bank," said a neighbour, who had gathered outside his home along with depositors, friends and family members.
Depositors have planned a candle light march on Tuesday (October 15) evening.
The crisis at the bank was set off after real estate firm HDIL defaulted on loans from PMC Bank worth Rs4,355 crores (approx $610m).
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