The RBI has replaced the board of New India Cooperative Bank, appointing Shreekant as Administrator for 12 months. Restrictions have been imposed on loan issuance and withdrawals due to governance issues and liquidity concerns. Depositors can claim insurance up to ₹5 lakh under the deposit insurance scheme.
from Banking/Finance-Industry-Economic Times https://ift.tt/1iCoI6F
via IFTTT
No comments:
Post a Comment