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RBI extends restrictions on Ramgarhia Co-op Bank for another 3 months

The Reserve Bank of India has extended its regulatory directions on Ramgarhia Co-operative Bank Limited, New Delhi, for a further period of three months, continuing restrictions first imposed in July 2022. The extension indicates persistent financial weakness or governance issues at the bank, with depositor access to funds remaining constrained. This is a routine regulatory action but signals ongoing stress in a small co-operative bank, with limited systemic impact.

Reserve Bank of India — Press Releases1 day agoINengCredibility 10%View source

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Mosaic Score2.0
Model confidence0.9
Significance0.1
Source credibility0.1

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New DelhiDelhi

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