As per the RBI, depositors will not be allowed to withdraw more than Rs 1,000 of the total balance held in every saving or current account or any other deposit account of Padmashri Dr Vitthalrao Vikhe Patil Co-operative Bank.

While the BSE bankex ended 231.40 points or 0.78% lower at 29,372 level, bank Nifty fell 187 points to 26,113 points. 

The RBI said that it has extended the timeline for banks to set aside an additional 0.625% as capital conservation buffer by one year to March 31, 2020 to help banks to lend more.

On Nifty, the stock lost 5.69% to 193.15 compared to the previous close of 204.80. The stock opened at a loss of 3.17% at 198.55 in trade today. The stock has lost 37.88% during the last one year and fallen 38.42% since the beginning of this year.

DBS Banking Group says that knee jerk gains in bonds are likely, before returning to familiar drivers particularly in midst of the sharp overnight sell-off in the US markets