RBI cancels licence of Solapur Zilla Mahila Sahakari Bank Ltd. - आरबीआय - Reserve Bank of India
55489162
प्रकाशित तारीख सप्टेंबर 17, 1999
RBI cancels licence of Solapur Zilla Mahila Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence issued to the Solapur Zilla Mahila Sahakari Bank Ltd., Solapur, 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 thing, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.
P.V. Sadanandan
Asstt. Manager
Press Release : 1999-2000/393
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