Current Affairs · RBI Banking Regulations and Relief Measures

Based on the regulatory interventions and subsequent liquidity relief measures enforced on the New India Co-operative Bank Limited, Mumbai, evaluate the following statements: 1. On February 13, 2025, the Reserve Bank of India imposed All Inclusive Directions (AID) on the bank, effectively halting all withdrawals from savings, current, or other deposit accounts. 2. A subsequent withdrawal relaxation implemented on February 27, 2025, allows depositors to withdraw up to ₹25,000 or their total account balance, whichever is lower, exclusively through the bank's physical branches. 3. The implementation of the ₹25,000 withdrawal limit enables over 50% of the bank's total depositors to withdraw their entire account balances. Which of the above statements is/are correct?