RBI cancels licence of Jai Prakash Narayan Nagari Sahakari Bank
The Commissioner for Co-operation and Registrar of Cooperative Societies, Maharashtra, has been requested to issue an order for winding up the bank and appoint a liquidator, the RBI said in a statement on Tuesday.
The RBI has cancelled the licence of Jai Prakash Narayan Nagari Sahakari Bank, image credit: Reuters