RBI Restricts Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Operations
The RBI has placed Nashik-based Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank under strict operational restrictions starting July 17, 2026. Citing supervisory concerns, the regulator has capped individual withdrawals at ₹1 lakh and prohibited the bank from issuing new loans or accepting fresh deposits for six months.