RBI Latest News

The Reserve Bank of India has taken action against those banks whose financial condition has worsened.

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For the past few years, RBI has imposed restrictions on many banks, including a ban on withdrawing money from the account.

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Today RBI has imposed restrictions on 3 cooperative banks in view of their deteriorating financial condition.

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1- Jaiprakash Narayan Nagari Sahakari Bank: Due to the ban on this bank, depositors will not be able to withdraw money from their accounts.

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2- The Karmala Urban Co-operative Bank: The depositors of this bank can withdraw only Rs 10,000 from their accounts.

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3- Durga Co-Operative Urban Bank: The customers of this bank can withdraw up to Rs 1.5 lakh from their deposits.

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Under the restrictions of RBI, these banks can no longer give loans, nor can they make any investments.

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RBI restrictions include borrowing money and accepting new deposits, distributing or disposing of assets or properties.

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