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Licence of Nashik coop bank cancelled

Tribune News Service

Updated At : 02:16 PM Feb 04, 2022 IST

New Delhi, February 3

The licence of Independence Co-operative Bank, Nashik has been cancelled as it does not have adequate capital and earning prospects, the Reserve Bank of India said on Thursday.

Independence Co-operative Bank has ceased to carry on banking business with effect from the close of business hours on February 3, 2022 (Thursday), the RBI said in a statement. —

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Licence of Nashik coop bank cancelled

Tribune News Service

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