The Reserve Bank of India (RBI) has canceled the license of Vijayawada-based ‘The Durga Co-operative Urban Bank’. RBI has canceled the license of the bank due to lack of adequate capital and earning prospects. The Reserve Bank said that the bank will close the banking business from the close of business on November 12, 2024. … Continue reading RBI Cancels Bank License: Reserve Bank canceled the license of this bank, check details