Saturday, December 7, 2013

Urban bank faces de-licensing threat

The Cuttack Urban Cooperative Bank, which serves the banking needs of over three lakh customers and 65,000 shareholders, is facing the threat of getting its banking licence withdrawn by the Reserve Bank of India (RBI). The threat is apparent for the urban cooperative bank (UCB) is unable to go for core banking solutions (CBS) within the period stipulated as prescribed by the RBI............

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