Legal Question in Banking Law in India
indian banking system under which circumstance can rbi cancel the license in banking company
Asked on 11/24/14, 4:34 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
24.11.2014
Dear Sir / Madam,
RBI can cancel the license of the Bank in case of gross irregularities and mismanagement by the Bank.
Regards,
Answered on 11/24/14, 4:49 am
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