The Reserve Bank of India has granted licence to Kadapa District Cooperative Central Bank (DCCB) to carry on banking business in India, Kadapa DCCB Chairman K. Brahmananda Reddy has said. RBI's Rural Planning and Credit Department regional office in Hyderabad sent a communiqué granting the licence under Section 22 read with Section 56 (o) of the Banking Regulation Act, 1949, Mr. Reddy told newsmen.
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