Reserve Bank of India has on Thursday further raised the withdrawal limit to Rs 25000 for depositors of Punjab & Maharashtra Cooperative Bank, giving them relief ahead of the festive season."With the above relaxation, more than 70% of the depositors of the bank will be able to withdraw their entire account balance," RBI said.RBI has been reviewing the bank’s liquidity position and has eased the restriction "with a view to reducing the hardship of the depositors."Last week the regulator had raised the limit to Rs 10000 per account from the initial curb of Rs 1000 of the total balance in their accounts.The regulator said it is monitoring the position of the bank and may take more action in the interest of depositors if needed.It has also decided to appoint a committee of three members to assist the Administrator who has been appointed following the curb on the bank.The bank has come on regulatory radar after Housing Development & Infrastructure Ltd and it's directors failed to repay a Rs 4355 crore loan taken from PMC Bank putting the bank under liquidity stress. This prompted RBI to appoint an administrator for oversee business under restrictions.The economic offences wing of Mumbai Police on Thursday arrested Rakesh Wadhwan and his son Sarang Wadhwan, directors of HDIL.