Bhuj Mercantile Co-operative Bank (Gujarat) shall not grant any loan without the prior approval in writing from the Reserve Bank of India. The urban cooperative bank can also not renew any loans and advances.
RBI has ordered it certain dos and don’ts in its order dated April 02,212.
The validity of directions have been extended up to April 2, 2013.
RBI has however, allowed the each depositor to withdraw a sum not exceeding Rupees seventy thousand including Rs three thousand already allowed ...