RBI Has Cancelled Licence of 7 Co-Operative Banks Since Jan
The Reserve Bank of India (RBI) has once again cancelled the licence of a co-operative bank due to its deteriorating financial health. Since January, licences of Sumerpur Mercantile Urban Cooperative Bank Limited, Jai Prakash Narayan Nagari Sahakari Bank Ltd, Shree Mahalaxmi Mercantile Co-operative Bank Ltd, and Hiriyur Urban Co-operative Bank Ltd have also been revoked. …
Continue reading “RBI Has Cancelled Licence of 7 Co-Operative Banks Since Jan”











