Depositors Need Not Panic: MD Citizens’ Co-Operative Bank

MD the Citizens’ Co-Operative Bank Ltd (Jammu) Ravi Kant said the depositors need not panic after RBI’s restrictions on withdrawals. MD said the depositors money is secured and there is  no need to panic.  RBI has barred the bank from making investmentstransferring or otherwise disposing of any of its assets, while an amount not exceeding Rs 1.25 lakh will be allowed to be withdrawn by a depositor.