RBI extends restrictions on Mapusa Urban for another 6 months

The Reserve Bank of India has extending the  restrictions on withdrawals from Mapusa Urban Cooperative Bank branches 1000 rupees for another 6 months.   

Acting  Chairman Gurudas Natekar and acting directors Babuso Hadfadkar and Ramakant Khalap assured depositors that their money is safe as the deposits  are  insured. However, people whose salaries are paid through the bank and scheme beneficiaries could be the ones most affected by this.