https://www.taxtmi.com/news?id=12815 Reserve Bank cancelled the licence of Shri Shivaji Sahakari Bank Ltd., effective from June 14, 2014, because the bank ceased to be solvent, revival efforts failed and depositors faced uncertainty. The cancellation withdraws authority to carry on banking business and triggers winding up and liquidation, enabling depositors to claim insured amounts under the Deposit Insurance scheme, subject to its terms and conditions. en-us Thu, 19 Jun 2014 15:37:20 +0530 Thu, 19 Jun 2014 15:37:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12815 Reserve Bank cancelled the licence of Shri Shivaji Sahakari Bank Ltd., effective from June 14, 2014, because the bank ceased to be solvent, revival efforts failed and depositors faced uncertainty. The cancellation withdraws authority to carry on banking business and triggers winding up and liquidation, enabling depositors to claim insured amounts under the Deposit Insurance scheme, subject to its terms and conditions. News - Thu, 19 Jun 2014 15:37:20 +0530 https://www.taxtmi.com/news?id=12815