RBI not opposed to profit-making UCBs

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.

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