Customers of THESE two cooperative banks barred from withdrawing cash
Customers of Karnataka-based Sri Mallikarjuna Pattana Sahakari Bank Niyamita and Maharashtra-based Nashik Zilla Girna Sahakari Bank will not be able to withdraw funds from their accounts with the RBI imposing restrictions on the lenders
In wake of restrictions, the two banks cannot, without prior approval of the RBI grant or renew any loans, make any investment, incur any liability, including borrowal of funds and acceptance of fresh deposits. Source: Reuters