Case Brief
The Reserve Bank of India has cancelled the licence of The Mother Theresa Hyderabad Co-operative Urban Bank Ltd., Narayanaguda, Andhra Pradesh, to carry on banking business. The cancellation means the co-operative urban bank can no longer conduct banking as defined under the Banking Regulation Act, 1949, including taking public deposits or permitting withdrawals by instrument or otherwise.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- Co-operative bank
- Location
- Narayanaguda, Andhra Pradesh
- Order Date