RBI: There is a particular info by the Reserve Bank of India for the citizens, which you will be stunned to hear. Let us inform you that RBI positioned in the state of Maharashtra Babaji Date Mahila Sahakari Bank, Yavatmal Strict restrictions have been imposed on This bank offers its prospects 5 thousand Also supplies withdrawal service up to Rs. RBI took this particular step due to deteriorating financial position of the Central Co-operative Bank for some time.
(*5*)Restrictions on cooperative banks will stay in drive for 6 months
The Reserve Bank of India has said in its assertion that under the Banking Regulation Act (Banking Regulation Act) 1949 8 November 2021 These strict restrictions will stay in drive for six months from the closure of enterprise of the bank and will stay under assessment. This co-operative bank of Yavatmal can no longer undertake any sort of transaction or mortgage and advance of any sort without the permission and approval of Reserve Bank of India.
Without the approval of the Reserve Bank, no payment will be made from the co-operative bank. Along with this, this bank will not be able to take part in any sort of association nor will it be able to promote and switch its property.
Account holders will not be able to withdraw the quantity of more than 5 thousand
In the assertion given by the RBI, it has been informed that as the state of affairs of the bank is, in such a state of affairs, the financial savings bank, current bank and other account holders cannot withdraw more than 5 thousand rupees from their bank account.
RBI gave this assertion on mortgage installment
In co-operative banks, prospects in whose accounts the mortgage installment is deducted, then those prospects can be allowed to settle the mortgage installment according to the circumstances. Where has it been clearly said by the Reserve Bank of India that banking licenses will not be canceled due to all these restrictions. Banks will proceed to do banking enterprise until their position improves. The Reserve Bank of India will proceed to consider amendments to the directions from time to time.
These banks have also been banned until this date
Along with the cooperative bank, the RBI has prolonged the ban on Mithil Cooperative Bank primarily based in Davanagere, Karnataka for three more months. 7 February 2022 and on co-operative bank positioned in Karnataka itself 26 April 2016 by extension from time to time 7 November was done until
To get info about more such government schemes visit our website pmmodiyojanaye.in Do bookmark it.