Tuesday, February 26, 2013

RBI cracks down on Rupee Co-op Bank, depositors to feel the pain


The Reserve Bank of India (RBI) today directed ailing Pune-based Rupee Co-operative Bank not to allow depositors to withdraw more than Rs 1,000 from savings, current or any other deposit account. "According to the directions, depositors will be allowed to withdraw a sum not exceeding Rs 1,000 of the total balance held in every savings bank or current account or any other deposit account by whatever name called," RBI said in a statement............

No comments: