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Restrictions not to be interpreted as cancellation of bank's licence: RBI
Business Standard
|February 15, 2025
A complaint was filed by the bank's chief compliance officer with the Economic Offences Wing (EOW) of the Mumbai Police on Thursday, alleging misappropriation of funds.
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The action followed a spot inspection by the RBI.
The sources indicated that the administrator has been tasked with assessing the situation swiftly and restoring normal banking operations as soon as possible. "The aim is to try and revive the bank at the earliest," said a source aware of the developments.
Dit verhaal komt uit de February 15, 2025-editie van Business Standard.
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