Reserve Bank of India Current Affairs
RBI cancels licence of 2 cooperative banks

RBI cancels licence of 2 cooperative banks: The Reserve Bank of India (RBI) has cancelled the licence of two cooperative banks -- Sri Sharada Mahila Co-operative Bank, Tumkur, Karnataka and Harihareshwar Sahakari Bank, Wai, Satara. Reason: As the lenders do not have adequate capital and earning ...

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