"The bank does not have adequate capital and earning prospects," the RBI said. It also stated that the bank's current financial situation would prevent it from paying its current depositors in full. The Seva Vikas Co-operative Bank is prohibited from conducting banking business, which includes, among other things, accepting deposits and repaying deposits, with immediate impact, according to the RBI.from Banking/Finance-Industry-Economic Times https://ift.tt/t76MhqI
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