Important news: RBI canceled the license of this bank, if you also have an account, then know what will happen to your money?
New Delhi. Reserve Bank of India has canceled the license of another bank. Seeing the financial condition of the bank, the Reserve Bank decided to cancel the license and stopped the business of the bank. Bank
Taking a major action, the Reserve Bank has canceled the license of a co-operative bank. Announcing the cancellation of the licence, the Reserve Bank of India (RBI) on Wednesday said that the bank does not have enough capital and earning potential. For this reason the license of this bank has been canceled and now the bank has been barred from allowing repayment of deposits and new deposits.
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