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53744473
हिंदी सामग्री शीघ्र ही अद्यतन की जाएगी।

RBI rejects licence application of The Darbhanga Central Co-operative Bank Ltd., Bihar

The Reserve Bank of India under Section 22 of the Banking Regulation Act, 1949 has rejected the licence application of the Darbhanga Central Co-operative Bank Ltd., Bihar 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).

As such, it will not be in order for the above bank, among other things, to accept deposits from public and allow withdrawal by cheques, draft, order or otherwise.

P.V. Sadanandan
Manager

Press Release : 2003-2004/79

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