RBI cancels licence of Mother Theresa Hyderabad Co-operative Urban Bank Ltd. - આરબીઆઈ - Reserve Bank of India
79522819
પ્રકાશિત તારીખ ઑક્ટોબર 24, 2002
RBI cancels licence of Mother Theresa Hyderabad Co-operative Urban Bank Ltd.
The Reserve Bank of India has cancelled the licence of The Mother Theresa Hyderabad Co-operative Urban Bank Ltd., Narayanaguda, 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). 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.
Ajit Prasad
Manager
Press Release : 2002-03/428
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