RBI cancels licence of Sarvodaya Co-operative Bank over weak finances (Soban News)

The central bank cited inadequate capital, weak earnings prospects, and regulatory non-compliance while directing the Maharashtra registrar to initiate winding-up proceedings​The central bank cited inadequate capital, weak earnings prospects, and regulatory non-compliance while directing the Maharashtra registrar to initiate winding-up proceedings ​Latest News [ SOBAN NEWS: International and National ]