Question
Why did the Reserve Bank of India (RBI) cancel the
licence of Shankarrao Pujari Nutan Nagari Sahakari Bank Limited?Solution
The RBI cancelled the licence of Shankarrao Pujari Nutan Nagari Sahakari Bank Limited due to inadequate capital, lack of earning prospects, and non-compliance with the provisions of the Banking Regulation Act, 1949.
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