Case Brief
RBI announced a relaxation of the existing All-Inclusive Directions applicable to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru. The depositor withdrawal limit was increased from ₹35,000 to ₹1,00,000 per depositor, based on a review of the bank’s liquidity position and ability to pay depositors. The original directions, issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949, continue to apply in all other respects.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Bengaluru, Karnataka
- Order Date