Abhishekh
RBI cancelled Ghaziabad urban cooperative bank licence in November 2012 but Bank is in profit since last two years. Can we apply to the Finance ministry to quash RBI order as we believe Finance ministry is a competent body to do so. Please advise.
I C Naik
Contact RBI as it is not against profit making cooperative banks.
will rbi allow an urban bank to work as an urban society after cancellation of licence?
what is the current norms on capital &deposits for licencing a new bank?