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Source: Economic Times
Economic Times
Source
RBI & Policy
Category
4 min
Read time
21 Oct
Published
RBI & Policy
4 min read· Economic TimesRBI imposes restrictions on Puducherry Co-op Urban Bank, caps withdrawals
The Reserve Bank of India imposed restrictions on Puducherry Co-operative Urban Bank due to financial instability. Customers are limited to withdrawals of Rs 5,000 over the next six months. The bank's recent lack of compliance with supervisory concerns prompted these regulatory actions. Eligible depositors can claim up…
The Reserve Bank of India imposed restrictions on Puducherry Co-operative Urban Bank due to financial instability. Customers are limited to withdrawals of Rs 5,000 over the next six months. The bank's recent lack of compliance with supervisory concerns prompted these regulatory actions. Eligible depositors can claim up
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Source: Economic Times