The Reserve Bank of India has relaxed restrictions on New India Co-operative Bank, allowing withdrawals up to Rs 25,000, effective February 27, 2025. This follows an assessment of the bank’s liquidity position. Additionally, the bank’s General Manager was arrested for allegedly embezzling Rs 122 crore. The Reserve Bank of India has relaxed restrictions on New India Co-operative Bank, allowing withdrawals up to Rs 25,000, effective February 27, 2025. This follows an assessment of the bank’s liquidity position. Additionally, the bank’s General Manager was arrested for allegedly embezzling Rs 122 crore. Economic Times