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RBI cancels licence of Kolhapur-based Shankarrao Pujari Nutan Nagari Sahakari Bank

The Reserve Bank (RBI), Monday cancelled the licence of Kolhapur-based Shankarrao Pujari Nutan Nagari Sahakari Bank Limited and asked the bank not to carry on any banking business, with effect from the close of business on December 4, 2023. ....

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Social media hype around cooperative banks: Here's what depositors should know

Social media hype around cooperative banks: Here's what depositors should know
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BIG ACTION! RBI Cancels Licence Of This Bank! Did You Open Account In It?

On liquidation, it said every depositor would be entitled to receive a deposit insurance claim amount of his/her deposits up to a monetary ceiling of Rs 5 lakh from the Deposit Insurance and Credit Guarantee Corporation (DICGC). "As per the data submitted by the bank, 99.98 per cent of the depositors are entitled to receive full amount of their deposits from DICGC,” the press release read., Companies News, Times Now ....

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RBI cancels licence of United India Co-operative Bank; orders winding up of lender

United India Co-operative Bank’s licence was cancelled by the RBI as the lender did not have adequate capital and earning prospects, the central bank said in a note. ....

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Current Affairs One Liners: July 20 2023- Coast Guard 25th Director General

One liner current affairs: Jagran Josh presents current affairs in one line. In today’s session, get briefings about the important topics such as Indian Coast Guard 25th Director General International Chess Day, Global Food Regulators Summit 2023 ....

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