RBI canceled the licence of this bank for not having adequate capital – InterviewSolution

InterviewSolution

1.	RBI canceled the licence of this bank for not having adequate capital and earning prospect.
Answer» RBI has cancelled the licence of Rajasthan-based Bhilwara Mahila Urban Co-operative Bank. RBI said that the bank does not have adequate capital and earning prospect and is not in a position to pay its present and future depositors. The cancelled licence of the bank is in effect from the close of business on August 31, 2018.

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