Most of the depositors of the bank were senior citizens and claimed that they had put their money in the bank as it provided an additional 1% interest.
Deposit withdrawals limit set by RBI has been causing panic and distress among the depositors since the notice was released.
The RBI’s decision to transfer a high surplus of Rs 1.76 lakh crore to the government is being slammed by the opposition.
There has been experienced an increased shortfall of Rs 2000 currency notes in the market as the elections draw closer.
More than 10 lakh bank employees across the nation have gone on strike opposing the merger of public sector banks and their growing dissatisfaction with wages.
It is only through enhanced literacy and awareness that any public policy can attain success and meet the targets it was initially designed for...