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RBI extends restrictions on Pune-based Anand Co-operative Bank by 6 months

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.  

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