scorecardresearchRBI cancels licence of Mudhol Co-op Bank, Bagalkot, Karnataka; Here's why

RBI cancels licence of Mudhol Co-op Bank, Bagalkot, Karnataka; Here's why

Updated: 09 Jun 2022, 07:51 AM IST
TL;DR.
The bank does not have adequate capital and earning prospects, the Reserve Bank of India (RBI) said on Wednesday while announcing the cancellation of licence.
Mumbai: A security personal outside Reserve Bank of India (RBI) headquarters, in Mumbai, Wednesday, June 8, 2022. (PTI Photo/Shashank Parade)(PTI06_08_2022_000065A)

Mumbai: A security personal outside Reserve Bank of India (RBI) headquarters, in Mumbai, Wednesday, June 8, 2022. (PTI Photo/Shashank Parade)(PTI06_08_2022_000065A)