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New India Co-Operative Bank Crisis: RBI Imposes Restrictions, Depositors In Distress

New India Co-Operative Bank Crisis: RBI Imposes Restrictions, Depositors In Distress

Sujit Kumar
Sujit Kumar
  • New Delhi,
  • Feb 14, 2025,
  • Updated Feb 14, 2025, 5:53 PM IST

 

Chaos unfolds outside the New India Co-operative Bank in Mumbai as depositors panic over RBI-imposed restrictions. With liquidity concerns mounting, the bank is barred from withdrawals, loans, and fresh deposits for six months. Frustrated customers struggle to access their funds, while officials issue coupons for locker access. Will relief come soon?

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