https://www.taxtmi.com/news?id=69879 The government approved the liquidation of J&K SCARD Bank under the Jammu and Kashmir Cooperative Societies Act, 1989; no proposal for employee rehabilitation, absorption, or compensation has been formulated, though employee interests are to be safeguarded per the Act. Depositor and borrower protections include a completed KYC verification across branches and consultations with NABARD that produced a structured, legally compliant course of action; further steps await NABARD's prior sanction. en-us Tue, 03 Feb 2026 19:31:04 +0530 Tue, 03 Feb 2026 19:31:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=69879 The government approved the liquidation of J&K SCARD Bank under the Jammu and Kashmir Cooperative Societies Act, 1989; no proposal for employee rehabilitation, absorption, or compensation has been formulated, though employee interests are to be safeguarded per the Act. Depositor and borrower protections include a completed KYC verification across branches and consultations with NABARD that produced a structured, legally compliant course of action; further steps await NABARD's prior sanction. News - Tue, 03 Feb 2026 19:31:04 +0530 https://www.taxtmi.com/news?id=69879