RBI cancels the licence of The Durga Co-operative Urban Bank Ltd., Vijayawada

News Financial services Sanctions & Fines

Date: 12th Nov, 2024 Source: Reserve Bank of India Country: India Original Source

Brief

"On "12/11/2024", the "Reserve Bank of India" issued an update regarding "RBI cancels the licence of The Durga Co-operative Urban Bank Ltd., Vijayawada". The bank's licence was cancelled due to inadequate capital and earning prospects, as well as failure to comply with various banking regulations.

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Reserve Bank of India

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RBI cancels the licence of The Durga Co-operative Urban Bank Ltd., Vijayawada

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RBI cancels the licence of The Durga Co-operative Urban Bank Ltd., Vijayawada

Brief

Reserve Bank of India

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