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110-year-old Rupee Co-operative Bank in Pune to shut down today
short by Nidhi Sinha / on Thursday, 22 September, 2022
Pune's Rupee Co-operative Bank, which was established 110 years ago as part of the Swadeshi movement, is set to shut down today (Thursday). The Reserve Bank of India cancelled its licence last month because it didn't have adequate capital. Notably, many high-value depositors still hold around ₹340 crore in deposits. They would only be reimbursed up to ₹5 lakh each.
read more at Hindustan Times