RBI curbs on Pusad Urban Cooperative Bank for 3 more months

RBI curbs on Pusad Urban Cooperative Bank for 3 more months
Nagpur: The RBI orders, which restricted the Pusad Urban Cooperative Bank from allowing withdrawals beyond Rs5,000 apart from stopping acceptance of fresh deposits or grant of loans, have been extended by another three months. RBI had earlier imposed the restrictions till May 7. The bank was in trouble as its former managing director was charged for suicide in connection with suicide of a govt contractor, PV Verma.

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