RBI cancels the licence of Banaras Merchantile Co-operative Bank Limited, Varanasi

News Financial services English Sanctions & Fines

Date: 4th Jul, 2024 Source: Reserve Bank of India Country: India Original Source

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(353 kb) Date : Jul 04, 2024 RBI cancels the licence of Banaras Merchantile Co-operative Bank Limited, Varanasi The Reserve Bank of India (RBI), vide order dated July 03, 2024, has cancelled the licence of “Banaras Merchantile Co-operative Bank Limited, Varanasi”. Consequently, the bank ceases to carry on banking business, with effect from the close

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RBI cancels the licence of Banaras Merchantile Co-operative Bank Limited, Varanasi

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RBI cancels the licence of Banaras Merchantile Co-operative Bank Limited, Varanasi

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Reserve Bank of India

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