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The central bank imposed the withdrawl cap on Deccan Urban Co-op bank citing its financial position The Reserve Bank of India (RBI) has imposed a withdrawal cap of Rs 1,000 on customers of the Deccan Urban Co-operative Bank and has barred the lender from granting new loans or accepting deposits due to its liquidity position. The Karnataka-based lender is restricted to undertake any fresh business, including renewing any fresh loans or making new investments. The central bank said that the directions for the bank will remain in force for six months from the close of business on February 19 and are subject to review.  Considering the bank s present liquidity position, a sum not exceeding Rs 1,000 only of the total balance across all savings bank or current accounts or any other account of a depositor may be allowed to be withdrawn, said the RBI In a statement late on Friday, February 19. (

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