JAMMU, Aug 28: The Reserve Bank of India has imposed restrictions on the operations of the Citizens' Co-operative Bank Limited, Jammu by baring from making investments, incurring liabilities, accepting fresh deposits, disbursing payments citing public interest and the need to protect the interests of depositors, while an amount not exceeding Rs 1.25 lakh will be allowed to be withdrawn by a depositor.
The restrictions came into effect from the close of business on August 27, 2026 and will remain in force for six months, subject to review by the RBI.
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