Which bank's license has been cancelled by the RBI under the Section 2 – InterviewSolution

InterviewSolution

1.	Which bank's license has been cancelled by the RBI under the Section 22 (4) of the Banking Regulations Act, 1949?
Answer» The RBI has, cancelled the banking licence issued to Subhadra Local Area Bank Ltd., Kolhapur, Maharashtra under Section 22 (4) of the Banking Regulation Act, 1949 to carry on banking business in India.

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