Tuesday, November 26, 2013

RBI asked if withdrawal norms in Amanath bank can be relaxed

The Karnataka High Court has directed Reserve Bank of India (RBI) to inform the court by December 9 whether the restriction on withdrawal of deposits could be relaxed by allowing higher withdrawals by the depositors of Amanath Cooperative Bank (ACB). Justice A.S. Bopanna issued the direction during the hearing of a batch of petitions on various issues related to the bank.............

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