RBI cancels licence granted to The Latur Peoples Co-operative Bank Ltd. - ആർബിഐ - Reserve Bank of India
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പ്രസിദ്ധീകരിച്ചത് സെപ്റ്റംബർ 29, 2000
RBI cancels licence granted to The Latur Peoples Co-operative Bank Ltd.
The Reserve Bank of India has cancelled the licence granted to The Latur Peoples Co-operative Bank Ltd., Latur (Maharashtra) to carry on banking business 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) 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.
N.L. Rao
Asstt. Manager
Press Release : 2000-01/492
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