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Which sections of the Banking Regulation Act, of 1949 were cited in the cancellation of the license of Kolhapur's Shankarrao Pujari Nutan Nagari Sahakari Bank?

Current Affairs December 2023 . 11 months ago

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The RBI revoked the license of Shankarrao Pujari Nutan Nagari Sahakari Bank under the Banking Regulation Act, 1949 Sections 5(b) and 56, which pertain to deposit acceptance and repayment.
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Posted on 03 Feb 2024, this text provides information on Current Affairs related to December 2023. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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