RBI eases restrictions on New India Co-operative Bank

India's RBI allows New India Co-op Bank depositors to withdraw up to 25,000 rupees
India's central bank said on Monday it would allow depositors of troubled New India Co-operative Bank to withdraw up to 25,000 rupees (about $290) from their accounts. The RBI on Feb. 13 barred the lender from issuing new loans,
RBI Allows Rs 25,000 Withdrawal from New India Co-op Bank
The Reserve Bank of India (RBI) has allowed depositors of New India Co-operative Bank to withdraw up to Rs 25,000 from their accounts, effective February 27, 2025. This relaxation comes after the RBI imposed restrictions on the bank due to supervisory concerns.
Over 50% of New India Co-op Bank depositors can withdraw full savings as RBI eases curbs
The RBI had placed All-Inclusive Directions (AID) on the bank on February 13, preventing any withdrawals due to concerns over its liquidity and financial stability.
New India Co-operative Bank's depositors can withdraw up to Rs 25,000 from Feb 27, says RBI
With this relaxation, more than 50% of the total depositors will be able to withdraw their entire balances, says RBI
RBI eases restrictions on New India Co-operative Bank; Deposit withdrawals up to Rs 25,000 now allowed
The Reserve Bank of India has relaxed restrictions on New India Co-operative Bank, allowing withdrawals up to Rs 25,000, effective February 27, 2025. This follows an assessment of the bank's liquidity position.
Some relief for New India Co-Operative Bank depositors! RBI allows withdrawal upto THIS limit,
In some relief for depositors of New India Co-Operative Bank, the Reserve Bank of India (RBI) on Monday, February 24, allowed them money withdrawal of upto Rs 25,000. The withdrawal limit relaxation is effective from February 27.
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