Saturday, May 26, 2012

Reserve Bank of India prohibits 25 co-operative banks from accepting fresh deposits

The Reserve Bank of India has issued certain directions to 25 District Central Co-Operative Banks in UP prohibiting them from accepting fresh deposits in order to protect the interest of the existing as well as future depositors of the bank. According to Deputy General Manager of the RBI H.K.Soni the directions have been issued to district central cooperative banks at Aligarh, Allahabad, Azamgarh, Bahraich, Ballia, Barabanki, Basti, Deoria, Faizabad, Farrukhabad (Fatehgarh), Fatehpur, Ghazipur, Gorakhpur, Hardoi, Jaunpur, Kanpur, Lucknow, Mau, Pratapgarh, Rae Bareli, Siddharthnagar, Sitapur, Sultanpur, Unnao and Varanasi.

TOI

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