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RBI Cancels The Licence Of Vasantdada Nagari Sahakari Bank; 99% Depositors To Get Full Deposits Back

RBI cancels the licence of Vasantdada Nagari Sahakari Bank; 99% depositors to get full deposits back
The RBI said the bank has failed to comply with the requirements and the continuance of the bank is prejudicial to the interests of its depositors.
January 11, 2021 / 07:59 PM IST
The Reserve Bank of India (RBI) has cancelled the licence of Vasantdada Nagari Sahakari Bank Ltd., Osmanabad, Maharashtra to carry on banking business, with effect from the close of business on January 11.
The Commissioner for Cooperation and Registrar of Cooperative Societies (RCS), Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The RBI said the bank has failed to comply with the requirements and continuance of the bank is prejudicial to the interests of its depositors. ....

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Flashback 2020

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This product is a monthly auto renewal product.
Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon. ....

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Banking menace made to view Post office savings with safe eyes

Banking menace made to view Post office savings with safe eyes
Post office in India has always been seen as a lucrative way of investment in India.
Rajat Paul
(The writer can be reached at Rajatpaul304@gmail.com )
Post office in India has always been seen as a lucrative way of investment in India. It was initiated by Warren Hastings under the East India Company in 1688, which was later formally introduced as service under the Post Office Act of 1854, presently administrated by the Ministry of Communications. With 1,55,015 post offices, DoP has the most widely distributed network in the world. Over 150 years post offices have been a crucial backbone for communication and socio-economic development where it has successfully developed a brand for itself in reaching out to its potential customers in both urban and backward rural zones with all new schemes provided by the government, thus pushing forward the country s goal of financial inclusion. ....

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Current Affairs Quiz: 10 December 2020

Current Affairs Quiz: 10 December 2020
jagranjosh.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jagranjosh.com Daily Mail and Mail on Sunday newspapers.

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Karad Janata Sahakari Bank's licence cancelled by RBI: What will happen to its depositors?

Karad Janata Sahakari Bank's licence cancelled by RBI: What will happen to its depositors?
jagranjosh.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jagranjosh.com Daily Mail and Mail on Sunday newspapers.

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