CKP Co operative bank ka Licence Cancel kiya RBI ne

Reserve Bank Of India (RBI) ne Mumbai Based CKP Co Operative Bank Ltd ka licennce cancel kar diya due to its financial instability 

The bank is not satisfying the requirement of minimum capital and reserves….The bank is not in a position to pay its present and future depositors, thereby not complying with Section 22(3) (a) read with Section 56 of the Act the RBI said

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