New Delhi: The Reserve Bank of India (RBI) has announced a number of restrictions on Bengaluru-based Shushruti Sourada Sahakar Bank regulation. Due to which the problems of the customers of this bank may increase in the coming days. RBI has set certain limits on withdrawals from banks.
It has been said on the issue that the bank will no longer be able to give loans or accept deposits without its approval. RBI has also put a moratorium on the renewal of loans. Apart from this, RBI has also fixed the withdrawal limit from banks. RBI said that customers will not be able to withdraw more than Rs 5,000 from their accounts. “Withdrawals in all savings accounts, current accounts or any other account of the depositors cannot be allowed to withdraw more than Rs 5,000 from the aggregate amount,” RBI said in a statement.
will remain in force for six months
RBI has said that these restrictions on banks will remain in force for the next six months. The bank has been permitted to continue its banking business with restrictions till its financial position improves. Earlier on Monday, RBI had released a total of Rs. A fine of Rs 5 lakh has been imposed. The RBI said in a statement that a penalty of Rs. A fine of Rs 2 lakh has been imposed.
Rs 2 lakh fine on Konkan Mercantile Bank
In another similar case, RBI has imposed a penalty of Rs. A fine of Rs 2 lakh has been imposed. In another regulatory notice, the RBI said it has imposed a penalty of Rs 1 lakh on Kolkata-based Samata Sahakari Vikas Bank Ltd.