Saturday, March 9, 2013

Maharashtra-based Abhinav Sahakari co-op bank to be wound up


The Reserve Bank of India (RBI) has cancelled the banking licence of Maharashtra-based Abhinav Sahakari Bank Ltd. The central bank, in a statement, said the co-operative bank’s licence had been cancelled as it had ceased to be solvent and all efforts to revive it in close consultation with the Government of Maharashtra had failed..........

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