RBI cancels licence of Sri Laxmi Mahila Co-operative Urban Bank Ltd. - ربی - Reserve Bank of India
53672290
شائع کیا گیا پر يوليو 19, 2000
RBI cancels licence of Sri Laxmi Mahila Co-operative Urban Bank Ltd.
The Reserve Bank of India has cancelled the licence of Sri Laxmi Mahila Co-operative Urban Bank Ltd., Nacharam, , Hyderabad (Andhra pradesh) to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.
P. V. Sadanandan
Asstt. Manager
Press Release 2000-01/94
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