RBI rejects licence application of The Pithapuram Co-operative Urban Bank Ltd. - আরবিআই - Reserve Bank of India
80394551
এই তারিখে প্রকাশিত নভেম্বর 21, 2002
RBI rejects licence application of The Pithapuram Co-operative Urban Bank Ltd.
The Reserve Bank of India has rejected the licence application of The Pithapuram Co-operative Urban Bank Ltd., Pithapuram (Andhra 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 public and allow withdrawal by cheques, draft, order or otherwise.
Ajit.Prasad
Manager
Press Release: 2002-03/534
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