RBI: Rbi Cancel licence of The New Bank

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Rbi Cancel licence

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Rbi Cancel licence

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Rbi Cancel licence

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Rbi Cancel licence

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Rbi Cancel licence

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RBI: Rbi Cancel licence of The New Bank

RBI: Rbi

Rbi Cancel licence

RBI cancels the licence of The Laxmi Co-operative Bank Limited, Solapur, Maharashtra

Rbi Cancel licence

This is prohibited from conducting the business of ‘banking’ which includes, among other things, acceptance of deposits and repayment of deposits as defined in Section 5(b) read with Section 56 of the Banking Regulation Act, 1949 with immediate effect.

Rbi Cancel licence

1. The continuance of the bank is prejudicial to the interests of its depositors;

Rbi Cancel licence

The Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank

Rbi Cancel licence

Now the licence is cancelled

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