Credit News
RBI cancels licence of Coop Bank in Latur district
The Reserve Bank of India (RBI) has cancelled the licence of Bhimashankar Nagari Sahakari Bank Ltd, of Ausa in Latur district of Maharashtra.
In view of the fact that Bhimashankar Nagari Sahakari Bank Ltd had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors were being inconvenienced by continued uncertainty, the RBI
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