The Reserve Bank of India on Thursday said the licence of Deccan Urban Co-operative Bank, Karnataka, has been cancelled as the lender does not have adequate capital and earning prospects.
In the last five years, 26 cooperative banks have been closed due to Liquidation whereas 42 co-op banks have been closed due to merger or amalgamation. The information was shared by the Minister of State for Finance Bhagwat Karad while giving reply to the query G Cheluvegowda Chandrashekhar, Rajya Sabha member from Karnataka. The state […]
RBI has put Nashik Zilla Girna Sahakari Bank under Directions through a order dated July 15, 2022. The order says RBI, has issued certain Directions to Nashik Zilla Girna Sahakari Bank Limited, Nashik, wh