RBI Revokes Licence of Shankarrao Mohite Patil Sahakari Bank: A Financial Setback

Unknown Apr 02, 2026 2 Views

The Reserve Bank of India (RBI) has announced the cancellation of the banking licence of Shankarrao Mohite Patil Sahakari Bank Ltd., Akluj, citing inadequate capital and earning prospects. This decision comes after a thorough assessment of the bank's financial health, which revealed its inabi...