Due to the lender's worsening financial situation, the RBI imposed some limitations on Mumbai-based Raigad Sahakari Bank, including a withdrawal cap of Rs 15,000 per customer.
Reserve Bank of India (RBI) Governor Shaktikanta Das-chaired Monetary Policy Committee (MPC) raised the repo rate by 50 basis points (bps) to 5.40 percent.
Former Member of Parliament (MP) and senior All India Anna Dravida Munnetra Kazhagam (AIADMK) politician K. Maya Thevar has passed away due to an age-related illness.