RBI cancels licence of 78 UCBs since 2014; highest in Maharashtra
The Reserve Financial institution of India (RBI) has cancelled the licenses of 78 City Cooperative Banks (UCBs) since calendar 12 months 2014, of which 46 % are from Maharashtra, in accordance with paperwork tabled in Parliament. Insufficient capital, poor incomes prospects, deteriorating monetary place, and the continuation of operations being prejudicial to the pursuits of depositors … Read more
