RBI New Update: Reserve Bank of India has imposed restrictions on these 2 co-operative banks, which will have a direct impact on the customers of the bank. Actually, customers will no longer be able to withdraw money from these banks. If you also have an account in these banks, then read this important news.
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RBI Imposes Restrictions on Two Cooperative Banks: Nowadays everyone’s accounts are in some bank or the other. In such a situation, there is important news for bank customers. Reserve Bank of India has imposed strict restrictions on 2 co-operative banks, which will have a direct impact on the customers of the bank. Actually, after this restriction of RBI, customers will not get many big facilities, even a limit has been imposed on the withdrawal of money.
RBI gave Big information
The Reserve Bank of India (RBI) has imposed many restrictions on two cooperative banks of Uttar Pradesh. RBI has given this information. The Reserve Bank said that in these, the limit of withdrawal from the bank by the customers has also been fixed, that is, this restriction of the bank will directly affect the customers as well. Both these banks are Lucknow Urban Sahakari Bank and Shahari Sahakari Bank Limited, Sitapur. The Reserve Bank said that these restrictions have been imposed in view of the deteriorating financial condition of these banks.
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You can Know how much customers withdraw up to Rs.
According to the information given by the central bank, now after this ban, customers of Lucknow Urban Cooperative Bank will not be able to withdraw more than Rs 30,000. On the other hand, in the case of Urban Cooperative Bank Limited, Sitapur, the withdrawal limit is Rs 50,000 per customer. The restrictions under the Banking Regulation Act will remain in force for six months.
Bank will not be able to give loan
Not only this, RBI has told that these two banks can no longer give any new loan nor give any new loan without the prior approval of the Reserve Bank. Also, they will not be able to make any kind of investment. The central bank said that both the banks will continue the functioning of the bank with restrictions till their financial position improves.
RBI’s strictness
Let us tell you that for the last few days, the process of strictness of RBI on banks is going on. RBI has continuously imposed restrictions on many banks. Most of the co-operative banks are included in this. Due to these restrictions, customers are also facing difficulties.
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