News & Media 19th Feb 2025
The Reserve Bank of India (RBI) has restricted New India Co-op Bank from issuing new loans, making investments, or accepting fresh deposits without prior approval, effective February 13. The bank has been directed not to allow withdrawal of any amount from savings or current accounts or any other account of a depositor.
Against this backdrop, Senior Counsel Mukesh Chand has been quoted in an article, “RBI halts New India Co-op Bank operations: How to secure your savings” written by Ayush Mishra published in Business Standard
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