While granting the bail to the directors — Mukti Bavisi, Trupti Suhas Bane and Ranjeet Tara Singh Nandrajog, the court asked them to submit their passports to it.

In September 2019, the RBI had imposed restrictions on the fraud-hit multi-state urban cooperative bank, including on withdrawals by customers, following a scam.

The Bombay High Court on Wednesday granted bail to three former directors of Punjab and Maharashtra Cooperative (PMC) Bank who were arrested in December 2019 in connection with an alleged scam of over Rs 4,300 crore at the bank.

While granting the bail to the directors — Mukti Bavisi, Trupti Suhas Bane and Ranjeet Tara Singh Nandrajog, the court asked them to submit their passports to it.

The trio had approached the high court after Sessions Court rejected their bail pleas in May 2020, the Economic Times reported. However, the court rejected the bail plea of bank’s valuer Vishwanath Sridhar Prabhu.

The three are among the key accused…

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