Rupee Co-operative Bank

THIS bank permanently shutting down business from today: Got an a/c here? Know what happens to your money

On August 10, the RBI had cancelled the licence of Rupee Co-operative Bank Ltd as the lender did not have adequate capital and earning prospects.

Sep 22, 2022, 08:49 AM IST

THIS bank will be shutting down from tomorrow; what will happen to depositor’s money?

On August 10, the RBI had cancelled the licence of Rupee Co-operative Bank Ltd as the lender did not have adequate capital and earning prospects. However, the RBI said that in compliance to an order of the High Court of Bombay, its direction will become effective after six weeks i.e, from August 10 onwards.

Sep 21, 2022, 10:40 AM IST