RBI Imposes Strict Restrictions on Bank: No Withdrawals for 6 Months

• RBI imposed restrictions on Loknete RD Kshirsagar Sahakari Bank due to serious supervisory concerns.
• All withdrawals from savings, current, and other accounts are completely halted for depositors.
• Bank cannot grant new loans, renew old ones, make investments, or incur new liabilities without prior permission.
• Essential expenses like employee salaries, rent, and electricity bills are permitted.
• Eligible depositors can claim up to Rs 5 lakh under DICGC; restrictions effective for 6 months from Dec 16, 2025.

Why It Matters: RBI restricts Loknete RD Kshirsagar Sahakari Bank, halting withdrawals for 6 months to protect depositors.