The Reserve Bank said that this Ahmedabad-based co-operative bank does not have sufficient capital and earning prospects. Apart from this, the bank has also failed to comply with some requirements under the Banking Regulation Act. The Reserve Bank of India (RBI) has cancelled the licence of Ahmedabad-based ‘Color Merchants Co-operative Bank’ as it does not … Continue reading Bank License Cancelled: RBI canceled the license of this bank, what will happen to the customers’ deposits