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Five Cooperative Banks
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The Reserve Bank of India has placed several constraints on five cooperative banks, owing to the lenders’ deteriorating financial condition.
The Reserve Bank of India (RBI) has recently imposed several restrictions on five co-operative banks, citing the worsening financial condition of these lenders. These restrictions include limiting withdrawals and prohibiting these banks from granting loans, making investments, incurring liabilities, and disposing of properties without prior approval from the RBI.
