Customers have been restricted from accepting money after announcing that the private bank involved in the financial crisis was brought under the control of the Reserve Bank of India.
In a statement, the Reserve Bank of India decided to increase the bank’s capital and bring back the goodwill of the public and customers.
Reserve Bank Governor Shaktikant Das said:
We issued two statements in this regard and made our decision. Now the solution will be completed quickly.
30 days peripheral limit only. The solution lies in itself. The banking system in India is safe and robust. “
RBI has broken the bank’s board of directors. Instead the administrator has appointed.