Maharashtra's Laxmi Co-operative Bank's licence cancelled, depositors can claim up to Rs 5 lakh

BrunGa

Active member
Maharashtra's Laxmi Co-operative Bank's licence cancelled, depositors can claim up to Rs 5 lakh RBI has annulled the licence of The Laxmi Co-operative Bank Limited, Solapur, Maharashtra from September 22, 2022 for not having adequate capital and earning prospect. Depositor can claim their credit up to 5 lakh on liquidation of the cooperative bank.
 
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