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RBI cancels licence of Solapur-based Laxmi Co-operative Bank

Times of India LogoTimes of India1w ago

RBI cancels licence of Solapur-based Laxmi Co-operative Bank - Times of India

Quick Summary:

The Reserve Bank of India (RBI) on Thursday cancelled licence of Laxmi Co-operative Bank Limited in Solapur, Maharashtra citing inadequate capital and earning prospects.

Public interest would be adversely affected if the bank is allowed to carry on its banking business any further, it added.iDivaMensXP.comFeminaETimesGraziaZoomTravel DestinationsBombay TimesCricbuzz.

NEW DELHI: The Reserve Bank of India (RBI) on Thursday cancelled licence of The Laxmi Co-operative Bank Limited in Solapur, Maharashtra citing inadequate capital and earning prospects.


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Article Details

Author / Journalist: TIMESOFINDIA.COM

Category: Economy

Topics: Business news Laxmi Co-operative Bank Laxmi Co-operative Bank licence cancelled Laxmi Co-operative Bank licence Laxmi Co-operative Bank banking licence Laxmi Co-operative Bank rbi order

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-22, 20:54:47

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Reading Time: 1 minutes read

Article Length: 115 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 471428

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About Times of India

Times of India Logo

Main Topics: Economy

Official Website: timesofindia.indiatimes.com

Update Frequency: 19 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 1h ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #28

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