RBI cancels licence of People’s Co-operative Bank in Uttar Pradesh - Moneycontrol

The licence was cancelled as the bank does not have adequate capital and earning prospects, the RBI has said

The Reserve Bank of India has cancelled the licence of Peoples Co-operative Bank Limited in Uttar Pradesh, the banking regulator said in a press release on March 21, the fourth such bank to face RBI … [+2050 chars]

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