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The Reserve Bank of India (RBI) has cancelled the certificate of registration of Nashik Zilla Girna Sahakari Bank Ltd due to the Bank’s inadequate capital and failure to comply with the banking regulations. Nashik Zilla Girna Sahakari Bank ceased banking business on 26 September 2023.
Reserve Bank on Tuesday cancelled the banking licence of Nashik Zilla Girna Sahakari Bank Limited as the Nashik-based lender does not have adequate capital and earning prospects.