RBI cancels Licence of The Merchant’s Co-operative Bank Ltd., Dist. Dhule, Maharashtra

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..... RBI cancels Licence of The Merchant’s Co-operative Bank Ltd., Dist. Dhule, Maharashtra - News and Press Release Dated:- 3-9-2014 - News - The Reserve Bank of India has, on August 27, 2014, cancelled .....

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..... the licence of The Merchant s Co-operative Bank Ltd., Dist. Dhule, Maharashtra to carry on banking business under Section 22 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societi .....

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..... es) read with Section 56 of Banking Regulation Act, 1949. As such, the bank is forthwith precluded from transacting the business of 'banking' as defined in Section 5(b) of the Banking Regulati .....

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..... on Act, 1949 (As applicable to Co-operative Societies) including acceptance/repayment of deposits. Ajit Prasad Assistant General Manager - News - Press release - PIB Tax Management India .....

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..... - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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