RBI cancels licence of Karnala Nagari Sahakari Bank
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RBI on Friday announced that it has cancelled the licence of Karnala Nagari Sahakari Bank Ltd., Panvel (District - Raigad), Maharashtra. RBI had issued an order dated August 09, 2021, to bring license cancellation into effect. In a press statement, RBI said that the ceases to carry on banking business with effect from the close of business on August 13, 2021.