After PMC Bank scam, RBI to tighten norms for urban co-op banks

RBI then came down heavily on the bank for the fraud, and imposed curbs including capping withdrawals at Rs 1,000, which was later enhanced to Rs 50,000 allowing over 78% of the customers to withdraw their entire account balance.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/33X7DMt