RBI caps deposit withdrawal from ailing National Co-operative Bank at Rs 50,000
Mumbai (Maharashtra) [India], July 25 (ANI): The Reserve Bank of India (RBI) has imposed certain restrictions on Bengaluru-based ailing The National Co-operative Bank Ltd and capped deposit withdrawal at Rs 50,000 per account. The bank shall not grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh deposits, disburse or agree to disburse any pay