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Press Release No. 2022-2023/914

Press Release

RBI cancels the licence of The Laxmi Co-operative Bank Limited,
Solapur, Maharashtra


September 22, 2022


Banking Regulation Act, 1949

Section/ Rule Number

Section 5(b)
Section 11(1)
Section 22(3)(d)
Section 22(3)(a)
Section 22(3)(b)
Section 22(3)(c)
Section 22(3)(d)
Section 22(3)(e)
Section 56

Issuing Authority

Reserve Bank of India

Press Release

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