RBI rejects licence application of Rajampet Co-operative Town Bank Ltd. - ஆர்பிஐ - Reserve Bank of India
80388626
வெளியிடப்பட்ட தேதி ஜூலை 08, 2002
RBI rejects licence application of Rajampet Co-operative Town Bank Ltd.
The Reserve Bank of India has rejected the licence application of the Rajampet Co-operative Town Bank Ltd., Rajampet (Andhra Pradesh) 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 public and allow withdrawals by cheque, draft, order or otherwise.
Ajit Prasad
Manager
Press Release : 2002-2003/30
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