https://www.taxtmi.com/news?id=13450 The Reserve Bank cancelled the bank's licence due to insolvency, regulatory violations and failed revival efforts, requested the State Registrar to wind up the bank and appoint a liquidator, prohibited the bank from carrying on "banking business" under section 5(b), and indicated that on liquidation depositors will be entitled to repayment of insured deposits from the DICGC under usual terms. en-us Thu, 09 Oct 2014 15:39:21 +0530 Thu, 09 Oct 2014 15:39:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13450 The Reserve Bank cancelled the bank's licence due to insolvency, regulatory violations and failed revival efforts, requested the State Registrar to wind up the bank and appoint a liquidator, prohibited the bank from carrying on "banking business" under section 5(b), and indicated that on liquidation depositors will be entitled to repayment of insured deposits from the DICGC under usual terms. News - Thu, 09 Oct 2014 15:39:21 +0530 https://www.taxtmi.com/news?id=13450