RBI cancels Millath Co-operative Bank's licence - Moneycontrol
6/18/2022 12:00:00 AM2 years 10 months ago
by Dinesh Unnikrishnan
by Dinesh Unnikrishnan
As per the data submitted by the bank, all the depositors will receive full amount of their deposits from DICGC, the RBI said.
The Reserve Bank of India (RBI) on June 18 said it has cancelled the licence of Millath Co-operative Bank Ltd., Davangere, Karnataka citing inadequate capital. Consequently, the bank ceases to carry… [+1313 chars]
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