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RBI cancels Licence of The Mirzapur Urban Co-operative Bank Ltd., Mirzapur, Uttar Pradesh

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....BI cancels Licence of The Mirzapur Urban Co-operative Bank Ltd., Mirzapur, Uttar Pradesh <br>News and Press Release<br>Dated:- 12-9-2014<br><BR>The Reserve Bank of India has, on September 1, 2014, can....

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....celled the licence of The Mirzapur Urban Co-operative Bank Ltd., Mirzapur, Uttar Pradesh to carry on banking business under Section 22 of the Banking Regulation Act, 1949 (As applicable to Co-operativ....

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....e Societies) read with Section 56 of Banking Regulation Act, 1949. As such, the bank is forthwith precluded from transacting the business of &#39;banking&#39; as defined in Section 5(b) of the Banking....

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.... Regulation Act, 1949 (As applicable to Co-operative Societies) including acceptance/repayment of deposits. Ajit Prasad Assistant General Manager<BR> News - Press release - PIB....

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