RBI cancels licence of the Navodaya Sahakara Bank Ltd. - ആർബിഐ - Reserve Bank of India
55070331
പ്രസിദ്ധീകരിച്ചത് മാർച്ച് 23, 2000
RBI cancels licence of the Navodaya Sahakara Bank Ltd.
The Reserve Bank of India has cancelled the licence granted to the Navodaya Sahakara Bank Ltd., Bangalore (Karnataka) 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.
P. V. Sadanandan
Asstt. Manager
Press Release : 1999-2000/1278
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