India, Feb. 14 -- The Reserve Bank of India (RBI) had imposed several restrictions on New India Co-operative Bank due to supervisory concerns.

This comes after the close of the bank's business on Thursday, February 13, 2025, and the restrictions would continue for a six month period, subject to review.

However, this resulted in panic, with several of the bank's customers seen rushing to and gathering around a branch.

A post on X from news agency ANI showed Seema Waghmare, a customer as saying, "We deposited money just yesterday, but they did not say anything... They should have told us that this was going to happen... They are saying that we will get our money within 3 months... We have EMIs to pay, we have no idea how we will do all o...