Cosmos News
Siddharth Sahakari Bank's licence cancelled
The Reserve Bank of India (RBI) has cancelled the licence of Pune-based Siddharth Sahakari Bank Ltd as it had ceased to be solvent and all efforts to revive it had failed. The apex bank had also requested the registrar of co-operative societies, Maharashtra to issue an order for winding up the bank and appoint a liquidator for the bank.
In a statement issued on Thursday, the apex bank noted, "In view
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