Troublesome Maratha Bank
Maratha Sahkari bank is making news but all for wrong reasons. Borivali’s bank which is reeling under debt of Rs 50 crore, has got a smacking from RBI. Fearing the loss, petrified account holders thronged to the bank. However, people were able to withdraw only Rs 1000k per transaction. For now, bank president has tried calming down people saying nothing will happen to their savings. But, people are still living in tension, hoping to recover their money.