Deposit Restrictions News - Latest Updates & Headlines
Mumbai: RBI imposes restrictions on New India Co-operative Bank, freezes withdrawals to protect depositors
Mumbai, February 14: The Reserve Bank of India (RBI) on Friday issued a notice imposing restrictions on New India Co-operative Bank Limited, Mumbai, barring it from carrying out financial operations without prior approval.
Long queues outside New India Co-operative Bank after RBI imposes restrictions
Mumbai, Feb 14: The Reserve Bank of India's (RBI) restrictions on New India Co-operative Bank, located in Bandra, Mumbai, have triggered panic among customers, who are now unable to access their deposits. People are queuing up outside the bank to withdraw their deposits.