The RBI must immediately allow limited withdrawals—Rs. 50,000 to Rs. 1,00,000 in staggered instalments—to help depositors manage essential expenses. It is unfair that small depositors suffer, while defaulters go unchecked. The Finance Ministry must step in to protect depositors.
This clampdown comes just days before Diwali—a festival for which families plan and save for months. It also coincides with the first week of October, when salaries and bonuses are credited. Now, depositors’ funds are locked and unusable, causing distress to lots of families.
On the evening of 7th October 2025, the RBI imposed a complete ban on financial transactions of Samarth Sahakari Bank Ltd, Solapur under Section 35 of the Banking Regulation Act. While the RBI’s action may be legally justified, its timing is extremely insensitive.
@nsitharaman
Worst statement by a Governor ever in the history of Maharashtra,very unfortunate for a person sitting in a constitutional post to divide a peaceful society, but I guess thats the culture of RSS and BJP! @INCIndia@INCMaharashtra