RBI cancels licence of the Jabalpur Nagrik Sahakari Bank Ltd. - ربی - Reserve Bank of India
53616361
شائع کیا گیا پر ديسمبر 23, 1999
RBI cancels licence of the Jabalpur Nagrik Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence granted to the Jabalpur Nagrik Sahakari Bank Ltd., Jabalpur, Madhya Pradesh to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and 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.
Alpana Killawala
General Manager
Press Release : 1999-2000/822
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