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RBI imposes restrictions, withdrawal caps on 4 cooperative banks
short by Ananya Goyal / on Sunday, 10 July, 2022
The RBI has put withdrawal limits on four cooperative banks for six months due to their deteriorating financial positions. They also cannot grant or renew any loans, make investments or accept fresh deposits without RBI's approval. The banks include Delhi's Ramgarhia Co-operative Bank, Mumbai's Sahebrao Deshmukh Co-operative Bank and Sangli Sahakari Bank.
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