Friday, July 22, 2022

RBI imposes restrictions on four co-op banks, caps withdrawals

​In view of their deteriorating financial positions, the RBI has imposed withdrawal restrictions, capping Saibaba Janata Sahakari Bank's withdrawals at Rs 20,000 and The Suri Friends' Union Co-operative Bank's at Rs 50,000.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-imposes-restrictions-on-four-co-op-banks-caps-withdrawals/articleshow/93059062.cms

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