The government has approved the re-appointment of M Rajeshwar Rao as Deputy Governor of Reserve Bank for a period of one year with effect from October 9, 2023
The bank has been prohibited from conducting the business of ‘banking’ which includes, among other things, acceptance of deposits and repayment of deposits with immediate effect.
RBI cancels licence of Mumbai-based The Kapol Co-operative Bank devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
RBI cancels Kapol Co-operative Bank s licence - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Consequent to the cancellation of the licence, the cooperative bank has been prohibited from conducting the business of banking which includes, among other things, acceptance of deposits and repayment of deposits with immediate effect, the Reserve Bank said in a statement.