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Maharashtra: RBI Cancels License Of Karad Janata Sahakari Bank, 99% Depositors To Get Full Payment

The Reserve Bank Of India has cancelled the license of Karada Janata Sahakari Bank Ltd, located in Satara district of south Maharashtra, citing the bank does not have 'adequate capital and earning prospects'. The bank does not comply with the relevant provisions of the Banking Regulation Act, 1949,...