RBI eases restrictions on New India Co-operative Bank

India's RBI allows New India Co-op Bank depositors to withdraw up to 25,000 rupees
India's central bank said on Monday it would allow depositors of troubled New India Co-operative Bank to withdraw up to 25,000 rupees (about $290) from their accounts.
RBI allows withdrawal of up to ₹25,000 per depositor of New India Co-operative Bank from February 27
RBI relaxes restrictions on New India Co-operative Bank, allowing depositors to withdraw up to ₹25,000 from February 27.
Over 50% of New India Co-op Bank depositors can withdraw full savings as RBI eases curbs
The RBI had placed All-Inclusive Directions (AID) on the bank on February 13, preventing any withdrawals due to concerns over its liquidity and financial stability.
India's RBI must infuse 1 trillion rupees by March-end to ease bank liquidity gap, analysts say
India's central bank will need to inject at least another 1 trillion rupees ($11.54 billion) into the banking system by March-end as durable liquidity remains in a deficit despite a recent cash infusion,
RBI allows New India Cooperative Bank depositors to withdraw up to ₹25,000
With this relaxation, more than 50% of the total depositors can withdraw their entire balances, and the remaining depositors can draw up to ₹25,000 from their deposit accounts.
RBI allows Rs 25,000 withdrawal for New India Cooperative Bank depositors
In a partial relief to the depositors of fraud-hit New India Cooperative Bank, the Reserve Bank of India (RBI) has allowed withdrawal of Rs 25,000 with effect from February 27, 2025.
RBI Allows Rs 25,000 Withdrawal from New India Co-op Bank
The Reserve Bank of India (RBI) has allowed depositors of New India Co-operative Bank to withdraw up to Rs 25,000 from their accounts, effective February 27, 2025. This relaxation comes after the RBI imposed restrictions on the bank due to supervisory concerns.
RBI Permits Rs 25,000 Withdrawal for New India Co-op Bank Depositors Amid Liquidity Review
In a move which can alleviate the concerns of many account holders, the Reserve Bank of India (RBI) has allowed depositors of New India Co-operative Bank Limited, Mumbai, to withdraw up to Rs 25,000 from their accounts.
Some relief for New India Co-Operative Bank depositors! RBI allows withdrawal upto THIS limit,
In some relief for depositors of New India Co-Operative Bank, the Reserve Bank of India (RBI) on Monday, February 24, allowed them money withdrawal of upto Rs 25,000. The withdrawal limit relaxation is effective from February 27.
India's manufacturing slump prompted February rate cut, says RBI rate panel's Kumar
A sharp slowdown in India's manufacturing sector - a key driver of job creation - was a major factor in the monetary policy ...
RBI draft norms on foreclosure charges to hit lenders' profits: Analysts
The Reserve Bank of India’s (RBI’s) draft circular barring prepayment penalty on retail and small business loans would result ...
RBI launches Financial Literacy Week 2025 with a focus on women’s prosperity
The event was inaugurated by RBI Governor Sanjay Malhotra, who emphasised the importance of empowering women to play a ...
India's RBI announces mega $10 billion FX swap to infuse rupee liquidity
The Reserve Bank of India will conduct a massive $10 billion three-year dollar/rupee swap auction next week to infuse durable ...
money.rediff25m
India Private Company Sales Up 8% in Q3 2024-25 - RBI Data
Sales by listed non-financial private companies in India rose 8% in Q3 2024-25, driven by growth in manufacturing, IT, and ...
India short bond yields dip as RBI's liquidity infusion plan aids sentiment
The Reserve Bank of India cut the repo rate for the first time in nearly five years at this meeting, and the commentary in ...
From RBI To PMO: Shaktikanta Das’ New Role & Challenges Ahead
After six years of steering India’s monetary policy as RBI Governor, Shaktikanta Das is taking on a new challenge — joining ...
RBI Rate Cut Impact: Savings Account Interest Rate Revised By IDFC First Bank; Now Earn Up To 7.25% Returns
Customers can enjoy interest rates of up to 7.25% on their amount when the most current interest rates for IDFC First Bank ...