Pradeshbased

Giving reasons for cancellation of the licence, RBI said it does not have adequate capital and earning prospects. With the licence cancelled, the bank has been prohibited from conducting regular business, which includes acceptance and…

PTI | | Posted by Singh Rahul Sunilkumar The Reserve Bank of India (RBI) on Wednesday said it has cancelled the licence of Uttar Pradesh-based United India Co-operative Bank Limited, citing lack of adequate capital and earning…