Saturday , November 23 2024

Business

RBI News: RBI imposed ban on this bank, now transactions will not be done from the account

The Reserve Bank of India (RBI) on Tuesday imposed several restrictions on Konark Urban Cooperative Bank based in Ulhasnagar, Maharashtra, including restrictions on fund withdrawal. These restrictions have been imposed on the bank in view of its poor financial condition. Eligible depositors can avail deposit insurance from Deposit Insurance and …

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