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The Adoor Co-operative Urban Bank gets RBI nod to be a non-banking institution

As per release, the central bank cancelled banking licence dated January 03, 1987 granted to The Adoor Co-operative Urban Bank.

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RBI cancels license of Adoor Co-op Urban Bank

Reserve Bank of India is satisfied to notify The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala as a non-

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RBI cancels Adoor Co-operative Urban Bank s banking licence, allows it to operate as non-banking institution

The cancellation of licence is with effect from the close of business on April 24, 2023, according to a notification issued by the RBI.

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RBI cancels Adoor Co-operative Urban Bank s banking licence, allows to operate as NBFC

The Adoor Co-operative Urban Bank will ensure to repay unpaid and unclaimed deposits of non-members held by it, whenever demanded, even after being notified as non-banking institution, the RBI said

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Direction on Adoor Bank extended for one month

The Reserve Bank of India has extended its Directions to The Adoor Co-operative Urban Bank Ltd, Adoor,

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