New India Co-Operative Bank Crisis: RBI Imposes Restrictions, Depositors In Distress
New India Co-Operative Bank Crisis: RBI Imposes Restrictions, Depositors In Distress
Sujit Kumar
- Updated Feb 14, 2025 5:53 PM IST
Chaos unfolds outside the New India Co-operative Bank in Mumbai as depositors panic over RBI-imposed restrictions. With liquidity concerns mounting, the bank is barred from withdrawals, loans, and fresh deposits for six months. Frustrated customers struggle to access their funds, while officials issue coupons for locker access. Will relief come soon?
