RBI cancels licence of The Maa Sharda Mahila Nagari Sahakari Bank Ltd. - ஆர்பிஐ - Reserve Bank of India
81106210
வெளியிடப்பட்ட தேதி ஆகஸ்ட் 26, 2002
RBI cancels licence of The Maa Sharda Mahila Nagari Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence of The Maa Sharda Mahila Nagari Sahakari Bank Ltd., Akola, 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). Thus, 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
Manager
Press Release: 2002-03/211
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