RBI imposed restrictions on banks: Different restrictions on these will be effective for six months.
New Delhi:
RBI imposes restrictions on banks: These days the Reserve Bank of India (RBI) is keeping a very strict vigil on any kind of warning violation. RBI (RBI) yesterday i.e. on Friday, there are many restrictions including withdrawal on five co-registered accounts (co-operative banks). Central Bank This step is made in some way due to the deteriorating economic situation. RBI (RBI) has also issued statements regarding this. RBI has said in its statements that these restrictions imposed on these co-powers will remain in effect for six months.
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HSBL Co-Operative Bank (HCBL Co-operative Bank), Noida (Uttar Pradesh), Adarsh Mahila Nagari Sahakari Bank Maryadit (Adarsh Mahila Nagari Sahakari Bank Maryadit), Aurangabad (Maharashtra) and Shimsha Sahakara Bank (Shimsha Sahakara Bank Bank Niyamitha) , Maddur, Mandya (Karnataka) have been banned. Customers of these banks cannot withdraw money from your account due to the current cash position of the banks.
However, customers of Urwakonda Co-Operative Town Bank (Uravakonda Co-operative Town Bank), Urwakonda (Anantpur District, State) and Shankarrao Mohite Patil Sahyog Bank (Shankarrao Mohite Patil Sahakari Bank), Aluj (Maharashtra) can withdraw up to 5,000 shares. I am
After this move of the central bank, these five co-banking banks will neither give loans to customers nor make any investment without prior notice to RBI. Apart from this, these banks cannot incur any new liabilities and cannot transfer or otherwise use any of their assets.
In this regard, the RBI has said that the five co-concerned persons can get deposit insurance claim amount up to five lakh rupees from the eligible ocean insurer and Credit Rights Corporation (Deposit Insurance and Credit Guarantee Corporation).