2025-02-15 02:47 PM IST
Amid the ongoing New India Co-operative Bank controversy, RBI has superseded the Board of Directors of New India Co-operative Bank after imposing the restrictions, the customers` panic is unabated. On 15th February, anxious customers thronged the branches of the bank in Malad East and Kandivali West demanding answers from the authorities over the looming confusion over their savings. While RBI has assured safety of deposits up to Rs. 5 Lakh, uncertainty over reclaims and the fate of deposits exceeding over Rs. 5 lakhs still remain unclear. Customers ask tough questions from the authorities.
