Reserve Bank of India cancels the licence of Vasantdada Nagari Sahakari Bank Ltd.

REEDLAW
Jan 12, 2021
1 min read

The Reserve Bank of India (RBI) has, vide order dated 8 January 2021 cancelled the licence of Vasantdada Nagari Sahakari Bank Limited, Osmanabad, Maharashtra to carry on banking business, with effect from the close of business on January 11, 2021. RBI has cancelled the licence of Vasantdada Nagari Sahakari Bank Limited citing failure to meet regulatory requirements.

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Reserve Bank of India cancels the licence of Vasantdada Nagari Sahakari Bank Ltd.

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