Mumbai, May 19 (IANS) The Reserve Bank of India (RBI) on Tuesday cancelled the licence of The Yashwant Co-operative Bank, Phaltan, Maharashtra, as the lender does not have adequate capital and earning prospects.Consequent to the cancellation of its licence, Yashwant Co-operative Bank is prohibited from conducting the business of banking with effect from the close of business on May 19, 2026, the RBI said in a statement.The Commissioner for Cooperation and Registrar of Cooperative Societies, Maha…
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