Friday, 2 June 2017

RBI cancels licence of Jamkhed Merchants Co-op Bank Maryadit

Free Intraday Tips- Ncdex Tips- Commodity Tips and more click here to get your Offers >>

The Reserve Bank of India (RBI) has cancelled the licence of Jamkhed Merchants Co-operative Bank Maryadit in Ahmednagar district of Maharashtra. The order was made effective from the close of business on June 01, 2017, RBI said in a statement.

The Registrar of Co-operative Societies, Maharashtra, has also been requested to issue an order for winding up of the bank and appoint a liquidator. With the cancellation of licence and commencement of liquidation proceedings, the process of paying the depositors of the bank will be set in motion.

No comments:

Post a Comment