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Panic Among Customers as RBI Imposes Restrictions on New India Co-operative Bank

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Panic Among Customers as RBI Imposes Restrictions on New India Co-operative Bank Massive Customer Rush at Bank Branches After the Reserve Bank of India (RBI) imposed severe restrictions on Mumbai-headquartered New India Co-operative Bank Limited , panic-stricken customers rushed to its branches to withdraw their savings. The uncertainty surrounding their hard-earned money led to large crowds gathering at multiple branches in Mumbai, Thane, Surat, and Pune . Customers Express Fear and Frustration Several account holders expressed distress, citing difficulties in accessing their funds. 🔹 Ashok Shetty , a customer, lamented that he needed his deposits for daily expenses and school fees but was informed that no withdrawals would be allowed for six months . 🔹 A senior citizen shared that he had attempted to withdraw his ₹1 lakh savings but was unsuccessful. 🔹 Naveen, another senior citizen , stated that even updating passbooks would help them lodge complaints later. 🔹 Kiran ...