Deposits

Co-operative societies can no longer use ‘bank’ in their title: RBI

RBI stated it has been noticing that few co-operative societies are utilising the word 'bank' in their names in infringement of the Banking Regulation Act.

RBI shuts down a bank for securing trust of depositors on the banks

Various incidents happened in the past but this is the latest instance of the Central bank shutting down the weakly run collective bank. Institutional disappointments and instigated penal actions have been illustrated as the reason for closing off.

RBI bans DHFL from taking deposits under Primal management