The RBI has also given its suggestions on changes in regulations that are required for regulating the cooperative bank sector better.
Jagdish Mookhey, Mukti Bavisi and Trupti Bane were arrested following extensive interrogation in connection with credit facilities provided by the bank to HDIL.
The minister said steps are being taken to seize properties of promoters of the PMC Bank, auction such properties and repay depositors with the money obtained.
Chief Metropolitan Magistrate R K Rajebhosale on Monday allowed the sale of two aircraft- Falcon 2000 (VT-HDL) and Challenger 300 (VT-PIL)- and one yatch (Ferreti 881 HT).
At the protest outside the RBI on Saturday, the depositors had warned to intensify their demands after the elections are over.
The regulator said these few employees used an access code to hide and restrict the visibility of these dummy accounts of the reality developer.
A delegation of leaders of the Mumbai Congress, led by city unit president Eknath Gaikwad, met with Maharashtra Governor Bhagat Singh Koshyari and submitted a memorandum of demands to him.
On September 23, the RBI had imposed regulatory restrictions on the PMC Bank for six months over alleged financial irregularities.
With the arrest of Rajneet Singh, a total of nine persons has been arrested in connection with the alleged Rs 4355- crore PMC bank scam.
Rajneet Singh was a director of the bank and is the son of senior state BJP leader Sardar Tara Singh, a former legislator from Mulund.
Earlier, the EOW had arrested three top bank officials and two promoters of HDIL -- Rakesh and Sarang Wadhawan -- in the scam.
Nearly 2,000 Sikhs most of whom have accounts in PMC Bank wanted to go to Gurdwara Darbar Sahib but most of them couldn't due to lack of money.
PMC Bank was placed under an RBI administrator on September 23 for six months due to massive under-reporting of dud loans.
Taranjit Singh (33) said at least a representative from the RBI should assure them that the deposited amount will be returned in a given time frame.
The RBI also allowed the depositors of the bank to withdraw from the bank's own ATMs within the prescribed limit of Rs 50,000, which will further ease process of withdrawals.