RBI refuses licence to The Bhanjanagar Co-operative Urban Bank Ltd. - आरबीआय - Reserve Bank of India
55083813
प्रकाशित तारीख ऑगस्ट 11, 1999
RBI refuses licence to The Bhanjanagar Co-operative Urban Bank Ltd.
The Reserve Bank of India has rejected the application submitted by The Bhanjanagar Co-operative Urban Bank Ltd., Bhajanagar, District Ganjam, Orissa for grant of licence to carry on banking business. The bank is precluded from transacting the business of banking as defined in the Banking Regulations Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things to accept deposits from public and allow withdrawal by cheque, draft, order or otherwise.
Rupambara Padhi
Manager
Press Release : 1999-2000/213
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