Rbi

Photo: The New Indian Express

RBI Places Withdrawal Cap On Deccan Urban Co-Op Bank Customers

The RBI on February 19 placed a withdrawal cap limit of Rs1000 on the customers of Karnataka-based Deccan Urban Co-operative Bank. Valid for six months, the RBI barred the bank from issuing loans and accepting deposits due to its liquidity status. Specifying that restrictions not be misunderstood with the cancellation of banking license, the RBI assured insurance of 99.58% of depositors. Last year, RBI had penalised DUCB for breaching banking directions.

Sat, 20 Feb 2021 - 08:05 PM / by Ronit John

Tags
RBI
Deccan Urban Co-operative Bank
Withdrawal limit
Co-operative
Courtesy
NDTV

You May Like

Fire

Massive Fire Breaks Out In Bengaluru Building, Video Circulates

A major fire was reported from Bengaluru's Sarjapur road on March 9.  The fire was reported after a Twitter user, shared visuals of the incident. In the video, the blaze erupted in a building near Kaikondanahalli lake, and now is being circulated… read-more

TAGS: Fire, Bengaluru Region, twitter user, accident, Building

Bitcoin

Money Laundering Laws Applies To Crypto Trading: GoI

In a setback to Indian bitcoin traders, India’s money laundering laws will now apply to trade in cryptocurrencies, said the federal government. In a notification dated March 7, the Government of India said, "The exchange between virtual digital… read-more

TAGS: Cryptocurrency, Indian government, MONEY LAUNDERING, Notification, Traders

K Kavitha

ED Accepts K Kavitha's Request, Ask Her To Appear On March 11

The Enforcement Directorate (ED) accepted the request of BRS MLC K Kavitha, and asked her to attend questioning on March 11. Notably, the ED issued a notice to K Kavitha, the daughter of Telangana CM K Chandrashekar Rao, in connection with the… read-more

TAGS: mlc k kavitha, Delhi liquor scam, interrogation, KCR, ED

PM Modi With Australian Counterpart

Australian PM And Modi Bond Over India V/S Australia Cricket Match

Australian Prime Minister Anthony Albanese began his four-day visit to India, and played Holi in Ahmedabad, Gujarat, on March 8. PM Modi and his counterpart started the tour and is scheduled to witness the Indian V/S Australia match, at Ahmedabad… read-more

TAGS: Cricket, PM Narendra Modi, Indian Politics, India V/S Australia, australian pm anthony albanese

Manish Sisodia

BJP Demands Suspension Of Manish Sisodia's Twitter Handle

BJP leaders urged Twitter CEO Elon Musk to suspend the Twitter handle of Manish Sisodia, the former Deputy CM of Delhi. On March 9, Tajinder Pal Singh Bagga, a BJP leader said, "This person is criminal and in Jail right now. Someone else is using… read-more

TAGS: Delhi Government(637), Elon Musk, twitter handle, Manish Sisodia, Tajinder Pal Bagga

Manish Sisodia

ED Officials To Question Manish Sisodia In Delhi Liquor Scam

The investigation against Manish Sisodia, the prime accused in the Delhi Liquor Policy intensified, as the Enforcement Directorate is scheduled to question him. After the CBI, ED officials will visit the Tihar Jail, Delhi, where the AAP leader is… read-more

TAGS: Manish Sisodia, Enforcement Directorate, investigation, Tihar Jail, Delhi LIquor Scam Case