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RBI clamps down on Karnataka-based Deccan Urban Co-op Bank, customers can t withdraw more than Rs 1,000

Story RBI clamps down on Karnataka-based Deccan Urban Co-op Bank, customers can t withdraw more than Rs 1,000 The customers Karnataka-based Deccan Urban Co-op Bank cannot withdraw more than Rs 1,000 from their savings account for a period of six months. The RBI has also barred the bank from granting fresh loans or accepting deposits BusinessToday.In | February 20, 2021 | Updated 11:58 IST The RBI has also barred Karnataka-based Deccan Urban Co-op Bank from granting fresh loans or accepting deposits The Reserve Bank of India (RBI) on Friday, February 20, imposed a Rs 1,000 withdrawal cap on Karnataka-based Deccan Urban Co-op Bank in the wake of its current liquidity position.

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