Mumbai: RBI seems to be getting stricter day by day regarding the rules. In such a situation, once again the RBI has tightened its grip on the cooperative banks of Maharashtra. According to recent big news, 5 cooperative banks including 2 banks have been banned in Maharashtra. In such a situation, now customers may have to face difficulties in withdrawing money. Let’s know what is the whole news
Reserve Bank of India statement
In fact, the Reserve Bank of India said in a statement that the ban on these five cooperative banks would continue for the next six months. Due to these restrictions, these banks cannot lend without the prior permission of the RBI. According to a report in CNBC Voice, these banks cannot make any investment without the permission of RBI. Will not be able to transfer money or do related work. In such a situation, problems may arise for those who have financial dealings in these five cooperative banks.
Problems faced by customers
For information, let us tell you that these five banks include HCBL Cooperative Bank, Lucknow, Adarsh Mahila Nagari Cooperative Bank Limited, Aurangabad, and Shimsha Cooperative Bank of Karnataka in Nimitha, Maddur, Mandya districts, where customers are unable to access their accounts due to the current liquidity crisis. Can’t withdraw money from In addition, customers of Uravakonda Co-operative Town Bank, Uravakonda, (Andhra Pradesh) and Shankarrao Mohite Patil Sahakari Bank, Akluj (Maharashtra) can withdraw up to Rs 5,000.
Borrowing cannot be allowed without RBI
In such a situation, now let us tell you that due to these restrictions, these banks cannot lend without the prior permission of RBI. The ban on these five cooperative banks will remain in force for the next six months. Keeping in view the deteriorating financial condition of borrowers, the Reserve Bank on Friday imposed several restrictions on five cooperative banks, including cash withdrawals. Now it has to be seen when this ban on RBI ends.
