RBI issued directions restricting Nagar Sahakari Bank from granting new loans, making investments, borrowing, or accepting fresh deposits without prior approval.
Bank may allow withdrawals up to ₹10,000 per depositor and set off loans against deposits, while incurring essential expenditures only.
Deposit insurance covers up to ₹5 lakh per depositor through DICGC, and the restrictions remain for six months from May 18, 2026.