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RBI imposes restrictions on Mogaveera Co-operative Bank for 6 months

The restrictions are effective from the closure of business hours on Friday for a period of six months and are subject to review, the Reserve Bank of India (RBI) said in a statement.

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thehindubusinessline.com

economictimes.indiatimes.com

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economictimes.indiatimes.comStai leggendo2 mesi fa

RBI imposes restrictions on Mogaveera Co-operative Bank for 6 months

RBI imposed 6-month restrictions on Mogaveera Co-operative Bank—capping withdrawals at ₹1 lakh and banning new deposits—following financial deterioration. Companies with Indian vendor payments must diversify banking relationships to mitigate operational risk.

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thehindubusinessline.com2 mesi fa

RBI places Mogaveera Co-op Bank under Directions for 6 months

RBI places Mogaveera Co-op Bank under six-month Directions, allowing limited withdrawals and ensuring deposit insurance for eligible depositors.

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venerdì 12 giugno 2026·thehindubusinessline.com
RBI places Mogaveera Co-op Bank under Directions for 6 months
RBI places Mogaveera Co-op Bank under six-month Directions, allowing limited withdrawals and ensuring deposit insurance for eligible depositors.
venerdì 12 giugno 2026·economictimes.indiatimes.com
RBI imposes restrictions on Mogaveera Co-operative Bank for 6 months
The restrictions are effective from the closure of business hours on Friday for a period of six months and are subject to review, the Reserve Bank of India (RBI) said in a…