UWB was placed under an order of moratorium by IndiaÆs central bank, the Reserve Bank of India RBI on September 2. This means that UWB can only issue payments with RBI approval and depositors can only withdraw up to Rs10,000 $215 at bank branches. ATMs have been frozen. The RBI was responding to UWBÆs capital adequacy ratio falling to -0.3% as of June 30 compared to the...
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