RBI lifts ban on Manipur fund transactions

While making the announcement during Yoga Day celebrations today, Singh said the government can earn the trust of its people if there is unity, sincerity and transparency in governance. “Trust is the most important component so as to have peace and tranquillity amongst the communities”, he said.

The top bank later informed the state secretary that the ban on the withdrawal of funds was lifted after the state government cleared the overdraft.

On June 12, assistant general manager of RBI, Anita Kumari, had ordered the State Bank of India to stop all payment to the Manipur government as the latter had withdrawn funds in excess to pre-determined arrangements. The state government later put on hold the recruitment process undertaken by any departments.