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The Economic Times

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RBI imposes restrictions on Puducherry Co-op Urban Bank, caps withdrawals

The Reserve Bank of India imposed restrictions on Puducherry Co-operative Urban Bank due to financial instability. Customers are limited to withdrawals of Rs 5,000 over the next six months. The bank's recent lack of compliance with supervisory concerns prompted these regulatory actions. Eligible depositors can claim up to Rs 5 lakh through the Deposit Insurance and Credit Guarantee Corporation.

21 Oct 2026 8:42 pm