RBI cancels licence of Siddharth Sahakari Bank Ltd. - आरबीआय - Reserve Bank of India
53601526
प्रकाशित तारीख ऑगस्ट 18, 1999
RBI cancels licence of Siddharth Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence issued to the Siddharth Sahakari Bank Ltd., Jalgaon, Maharashtra 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 prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.
Chhaya Raje
Manager
Press Release : 1999-2000/250
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