Mumbai News LIVE Updates: Without providing details of the hostage-taker, Rohit Arya (50), who was fatally shot during the police operation, Gaikwad claimed he had worked on major projects with the Education Department. We are now closing the blog

Mumbai News LIVE Updates: Days after imposing several restrictions on New India Co-operative Bank, the RBI on Monday relaxed the conditions and permitted customers to withdraw up to Rs 25,000 from their deposit accounts with effect from February 27. On February 13, the Reserve Bank had imposed All Inclusive Directions (AID) on the Mumbai-based cooperative bank, which included a ban on deposit withdrawals, amid supervisory concerns. We are closing the LIVE blog now