RBI’s Directions shall continue to apply to the Shri Anand Co-operative Bank Limited, Chinchwad, Pune, Maharashtra for a further period of three months from June 25, 2021 to September 24, 2021, subject to revie
RBI extends restrictions on Pune-based Anand Co-operative Bank by 6 months
The RBI had placed the Shri Anand Co-operative Bank Limited, Chinchwad, Pune, Maharashtra under directions from the close of business on June 25, 2019
BusinessToday.In | December 24, 2020 | Updated 17:24 IST
Restrictions on Shri Anand Co-operative Bank has been extended by six months
RBI s restrictions on Pune-based Anand Co-operative Bank Limited has been extended by six months till March 24, 2021, subject to review. The direction is likely to add woes to customers as they will not be allowed to withdraw amount above Rs 1,000 of the total balance in every saving account or any other deposit account. Besides, the ban on granting loans, making investments, borrowing funds and accepting deposits will remain imposed on the co-operative bank.