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RBI cancels licence of Maharashtra-based Sarjeraodada Naik Shirala Sahakari Bank

The Reserve Bank of India (RBI) said on Wednesday that it has cancelled the licence of Maharashtra-based Sarjeraodada Naik Shirala Sahakari Bank Limited as it has failed to comply with the regulations and does not have adequate capital and earning prospects.
Sarjeraodada Naik Shirala Sahakari Bank Sarjeraodada Naik Shirala Sahakari Bank Ltd Registrar Of Cooperative Societies Credit Guarantee Corporation Reserve Bank Cooperative Societies

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RBI cancels licence of Goa based Madgaum Urban Co-op Bank

RBI cancels licence of Goa based Madgaum Urban Co-op Bank Public interest would be adversely affected if the bank continues: RBI In an order dated July 27 th, 2021 the Reserve Bank of India has cancelled the licence of The Madgaum Urban Co-operative Bank Limited, Margao, Goa. Consequently, the bank ceases to carry on banking business, with effect from the close of business on July 29, 2021. The Office of Registrar of Cooperative Societies, Goa has also been requested to issue an order for windi...
Madgaum Urban Bank Office Of Registrar Cooperative Societies Credit Guarantee Corporation Reserve Bank Madgaum Urban Co Operative Bank Limited Cooperative Societies

MIL-OSI Banking: RBI cancels the licence of United Co-operative Bank Ltd., Bagnan, West Bengal

Source: Reserve Bank of India Today, the Reserve Bank of India (RBI) has, vide order dated May 10, 2021 cancelled the licence of United Co-operative Bank Ltd., Bagnan, West Bengal. Consequently, the bank ceases to carry on banking business, with effect from the close of business on May 13, 2021. The Registrar of Cooperative Societies, West Bengal has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Reserve Bank cancelled the licence of the...
West Bengal Yogesh Dayal Registrar Of Cooperative Societies United Bank Ltd Credit Guarantee Corporation Reserve Bank

RBI cancels licence of Bhagyodaya Friends UCB; 98% depositors to get money

RBI cancels licence of Bhagyodaya Friends UCB; 98% depositors to get money Continuance of bank prejudicial to interests of depositors: RBI The Reserve Bank of India has cancelled the licence of Bhagyodaya Friends Urban Co-operative Bank Limited, Warud, based in Amravati, Maharashtra. โ€œConsequently, the bank ceases to carry on banking business, with effect from the close of business on April 22, 2021โ€, reads a RBI release. The Commissioner for Cooperation and Registrar of Cooperative Societi...
Madhya Pradesh Registrar Of Cooperative Societies Bhagyodaya Friends Urban Bank Credit Guarantee Corporation Reserve Bank Cooperative Societies

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