https://www.taxtmi.com/news?id=12708 Reserve Bank refused licence applications of the Buldhana, Nagpur and Wardha DCCBs after NABARD inspections found sustained financial deterioration and failure to meet licensing norms; show cause notices were issued and replies were unsatisfactory. The Registrar of Co operative Societies was requested to wind up the banks and appoint liquidators, the banks are prohibited from carrying on banking business under Section 5(b), and DICGC insured depositor payouts will be initiated on commencement of liquidation. en-us Sat, 17 May 2014 11:48:22 +0530 Sat, 17 May 2014 11:48:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12708 Reserve Bank refused licence applications of the Buldhana, Nagpur and Wardha DCCBs after NABARD inspections found sustained financial deterioration and failure to meet licensing norms; show cause notices were issued and replies were unsatisfactory. The Registrar of Co operative Societies was requested to wind up the banks and appoint liquidators, the banks are prohibited from carrying on banking business under Section 5(b), and DICGC insured depositor payouts will be initiated on commencement of liquidation. News - Sat, 17 May 2014 11:48:22 +0530 https://www.taxtmi.com/news?id=12708