RBI imposes restrictions on 3 co-op banks - Shahpur Turk CSC - Common Service Centre in Sonipat RBI imposes restrictions on 3 co-op banks

01 August 2022

RBI imposes restrictions on 3 co-op banks

The Reserve Bank has imposed several restrictions, including on the withdrawal of funds, on three cooperative banks in view of their deteriorating financial condition. With the imposition of restrictions on Jaiprakash Narayan Nagari Sahakari Bank, Basmatnagar, depositors will not be able to withdraw funds from their accounts, the central bank said in a statement.

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