The Reserve Bank of India (RBI) has cancelled the licence of Dr Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd, Nilanga, Latur, as it does not have adequate capital and earning prospects. The Maharashtra-based bank with its current financial position would be unable to pay its depositors in full, the central bank said while announcing the cancellation of its licence. The bank ceases to carry on banking business, with effect from the close of business.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
With the cancellation of its licence, the bank has been prohibited from conducting the business of ”banking” that includes acceptance of deposits and repayment of deposits with immediate effect.
Karnataka's the Udyogini Scheme is a pre-eminent initiative of the State Government by promoting the…
Vaibhav Sooryavanshi has become the youngest batter to make a fifty in T20 International cricket.…
Maharashtra has launched the Bharat Taxi, a cooperative taxi service which caters to both passengers…
India got its first medal at the Commonwealth Games 2026 before the commencement of the…
DRDO has successfully conducted the maiden flight test of the Kusha Long-Range Surface-to-Air Missile (LR-SAM).…
Tax Day in 2026 observed on 24 July of that year marking a duration of…