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Don’t miss the latest developments in business and finance.
Solapur-based Laxmi Co-op Bank loses licence after failing RBI norms
Depositors to get insurance claim, amount of Rs 193.68 cr already paid out
RBI introduces compliance function for UCBs in Tier-3 and 4 categories
The compliance function would ensure strict observance of all statutory and regulatory requirements. UCBs with deposits of more than Rs 1,000 crore fall under Tier-3 & 4 categories
RBI cancels Rupee Co-operative's licence; lender to cease business Sep 22
More than 99% of depositors of Pune-based lender to receive the full amount, says regulator
RBI relaxes withdrawal limit for depositors of City Co-op Bank to Rs 5,000
The RBI had, in April, imposed several restrictions on City Cooperative Bank, including limiting the withdrawal by depositors to Rs 1,000
