#banking-license
RBI cancels licence of Karnataka-based Shree Mahalaxmi Urban Co-operative Credit Bank
The Reserve Bank of India has cancelled the banking license of Karnataka-based Shree Mahalaxmi Urban Co-operative Credit Bank due to its deteriorating financial condition. The bank's inability to meet its obligations and its lack of adequate capital and earni…
AU Small Finance Bank files for final universal bank licence
AU Small Finance Bank has submitted its final application for a universal banking license after the RBI relaxed the non-operative holding company requirement. The bank is fully prepared technologically and product-wise for the transition, having received in-p…