RBI Cancels Licence of Millath Co-operative Bank On Inadequate Capital, Earning Prospects - News18
6/19/2022 12:00:00 AM2 years 10 months ago
by Business Desk
by Business Desk
Every depositor will be entitled to receive deposit insurance claim amount of his/her deposits up to a monetary ceiling of Rs 5 lakh
The Reserve Bank of India (RBI) has cancelled the licence of Millath Co-operative Bank Ltd as the bank does not have adequate capital and earning prospects, among other reasons. The bank has ceased t… [+2757 chars]
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