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No. 5 UCLA snaps No. 1 South Carolina's 43-game win streakChildren of asylum seekers on 'trajectories of risk'Monday, December 30, 2024 Facebook Instagram Twitter WhatsApp Youtube Personal Finance Education Entertainment Jobs Alert Sports Hindi Technology Complaint Redressal. Fact-Checking Policy Correction policy Authors and Team DNPA Code of Ethics Onwership and Funding Cookie Policy Terms of Service Disclaimer Contact US About Us More Search Home Personal Finance Bank license canceled: RBI canceled license of these 11 banks, see the... Personal Finance Bank license canceled: RBI canceled license of these 11 banks, see the full list here By Shyamu Maurya December 30, 2024 0 1 Share Facebook Twitter Pinterest WhatsApp Telegram Bank license canceled: RBI canceled license of these 11 banks, see the full list here RBI Action: Keeping in mind the interest of the depositors, RBI has canceled the license of 11 banks in the year 2024. However, this action also affected the customers. They were allowed to withdraw a limited amount. Let us know against which banks did the Reserve Bank take action? Bank license canceled 2024: The Reserve Bank of India always takes strict action in the interest of customers and in case of violation of rules. This year RBI has cancelled the license of 11 banks. These banks have been closed forever. Accepting deposits and transactions have also been banned. RBI issued a notice and said that the continuation of all these banks would be harmful for the depositors. They did not have the capital and earning possibilities. In such a situation, many provisions of the Banking Act 1949 are violated. These banks were also unable to repay the depositors along with their financial position. Therefore, keeping in view the public interest, the license of all these banks was cancelled. The license of these banks was canceled in the year 2024 (Bank License Cancelled) Durga Co-operative Urban Bank Limited, Vijayawada, Andhra Pradesh Shri Mahalakshmi Mercantile Co-operative Bank Limited, Dabhoi, Gujarat The Hiriyur Urban Co-operative Bank Limited Hiriyur, Karnataka Jai Prakash Narayan Nagari Sahakari Bank Limited, Basmathnagar, Maharashtra Sumerpur Mercantile Urban Co-operative Bank Limited, Sumerpur, Pali Rajasthan Purvanchal Co-operative Bank Limited, Ghazipur, UP The City Co-operative Bank Limited, Mumbai, Maharashtra Banaras Mercantile Co-operative Bank Limited, Varanasi Shimsha Sahakari Bank Niyamitra, Maddur, Mandya, Karnataka Uravakonda Co-operative Town Bank Limited, Andhra Pradesh The Mahabhairab Co-operative Urban Bank Limited, Tezpur, Assam Did the customers get their money? Know the rules (RBI Rules) Under the provisions of the DICGC Act 1961, whenever a bank’s license is canceled, then every customer is entitled to receive the deposit insurance claim amount of the deposit amount up to a monetary limit of Rs 5 lakh from the Deposit Insurance and Guarantee Corporation. Tags Bank license canceled Share Facebook Twitter Pinterest WhatsApp Telegram Previous article TDS deduction new rule: Now more money will remain in the bank account even after paying income tax? check complete details Shyamu Maurya Shyamu has done Degree in Fine Arts and has knowledge about bollywood industry. He started writing in 2018. Since then he has been associated with Informalnewz. In case of any complain or feedback, please contact me @informalnewz@gmail.com RELATED ARTICLES Personal Finance TDS deduction new rule: Now more money will remain in the bank account even after paying income tax? check complete details December 30, 2024 Technology New recharge plan: BSNL launches new 425 day plan; Jio-Airtel and Vi’s problems increase December 30, 2024 India State Band: This state will remain closed for 10 hours today, neither train nor vehicle will run December 30, 2024 - Advertisment - Most Popular TDS deduction new rule: Now more money will remain in the bank account even after paying income tax? check complete details December 30, 2024 New recharge plan: BSNL launches new 425 day plan; Jio-Airtel and Vi’s problems increase December 30, 2024 State Band: This state will remain closed for 10 hours today, neither train nor vehicle will run December 30, 2024 US Visa: Big relief for Indians! 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Nolimit Zahira Super 16 soccer 7’s tournament organized by the Past Prefects Association of Zahira College Colombo will be held for the 18 consecutive time at the Race Course International Stadium on December 8. Zahira Super 16 soccer 7’s tournament trophy. Sixteen of the country’s top football-playing schools are set to compete in the prestigious tournament, a platform designed to showcase young players’ talent and skill on a grand scale. This year, the event reaches a new milestone with the inclusion of an overseas participant, Stafford Sri Lankan School, Doha, adding an exciting global dimension to the competition. The tournament will adopt a high-intensity 7-a-side format, a thrilling variation that promises action-packed games and an unparalleled experience for players and spectators alike. This format’s fast-paced and dynamic style aims to captivate audience and enhance the tournament’s appeal, drawing a larger crowd to support the event. Of the 16 teams, eight schools have secured direct entry into the main event, thanks to their outstanding performances in the previoυs year’s competition. Another 12 teams battled fiercely in a qualifying round held on November 9, 2024, at Moragasmulla Grounds, Rajagiriya. From this intense competition, seven schools emerged victorious, earning their place in the final lineup. Darussalaam College Colombo, De Mazenod College, Kandana, Gateway International Colombo, Royal College, Colombo, St. Benedict’s College, Colombo, St. Joseph’s College, Colombo, TB Jayah College and Zahira College, Colombo have secured direct entry into the main event by virtue of their impressive performances last year. Al Ameen Maha Vidyalaya Kinniya, Aligar National School, Eravur, D. S. Senanayake College, Colombe, Zahira College, Gampola, Hameed Al Huszenie College, Maris Stella College, Negombo and Zahira College Dharga Town advanced from the qualifying round. Nolimit will be the title sponsor of the tournament.
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