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RBI cancels licence of Yashwant Co-operative Bank

Mumbai, May 19 (IANS) The Reserve Bank of India (RBI) on Tuesday cancelled the licence of The Yashwant Co-operative Bank, Phaltan, Maharashtra, as the lender does not have adequate capital and earning prospects. Consequent to the cancellation of its licence, Yashwant Co-operative Bank is prohibited from conducting the business of banking with effect from the […]