RBI cancels licence of Karnataka-based Shree Mahalaxmi Urban Co-operative Credit Bank
Mumbai, June 18 (IANS) The Reserve Bank of India (RBI) on Thursday cancelled the licence of Karnataka-based Shree Mahalaxmi Urban Co-operative Credit Bank, citing its deteriorating financial condition, inadequate capital and poor earning prospects. In a statement, the RBI said the bank, located in Gokak, does not have sufficient capital and fails to comply with […]
