Zodiac Matches That Make The Best Couples
The Reserve Bank of India (RBI) has cancelled the licence granted to The Botad Peoples Co-operative Bank Ltd, Botad, Gujarat and allowed it to function as a non-banking institution.
RBI today notified that The Botad Peoples Co-operative Bank Ltd, Botad is a non-banking institution following the relevant section of the Banking Regulation Act, 1949.
Accordingly, RBI has cancelled the licence dated February 17, 1998, granted to The Botad Peoples Co-operative Bank Ltd, Botad to carry on banking business in India.
“This makes it obligatory on the part of The Botad Peoples Co-operative Bank Ltd., Botad to stop conducting the business of ‘banking’ within the meaning of section 5(b) of the Act ibid, including acceptance of deposits from non-members with immediate effect,” RBI said in a statement.
Further, The Botad Peoples Co-operative Bank Ltd, Botad shall have to ensure repayment of unpaid and unclaimed deposits of non-members held by it, whenever demanded, even after being notified as a non-banking Institution. (ANI) RBI cancels the licence granted to The Botad Peoples Co-operative Bank Ltd., Botad, Gujarat
(ANI)
Also Read: Police files FIR against “unknown” individuals in Israeli embassy blast case
PM Modi met Mongolian President Khurelsukh Ukhnaa at Hyderabad House in New Delhi on Tuesday,…
Top Maoist leader Mallojula Venugopal Rao surrenders in Gadchiroli, marking a major setback for insurgents.
Planet Ayurveda has opened a new Panchakarma Centre in Slovakia, inaugurated by India’s Ambassador Apoorva…
With the onset of cooler weather, Delhi’s air quality has taken a marked downturn, sparking…
A recent animal study found that Covid-19 infection in males before conception may alter sperm,…
Returning from the Middle East Peace Summit in Egypt, US President Donald Trump said he…