Rbi Advisory Heaven-Sent For Andhra Banks

An advisory from the Reserve Bank of India (RBI) to urban co-operative banks here discouraging pre-mature withdrawal of deposits if they cannot meet the demand has come as a big relief to the beleaguered urban cooperative banks in the state.

In a two-sentence letter to the urban cooperative banks association in Andhra Pradesh yesterday, executive director of RBI, P B Mathur, said: