RBI Cancels the Licence of Maharashtra-Based Independence Co-Operative Bank

RBI in its statement said that “Consequently, the bank ceases to carry on banking business, with effect from the close of business on February 03, 2022".

Reserve Bank of India (Photo Credits: PTI)

Reserve Bank of India (RBI) on Thursday has cancelled the licence of Independence Co-Operative Bank in Nashik. RBI in its statement said that “Consequently, the bank ceases to carry on banking business, with effect from the close of business on February 03, 2022".

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