RBI extends banking license of Rupee Co-operative Bank till August 31

"The Bank has taken steps like attachment of properties of defaulter borrowers, public auctions of the same, filing criminal suits against defaulter borrowers/guarantors, etc. The Bank has also informed the names of its defaulter borrowers/guarantors to other banks for effective recovery," said Sudhir Pandit, administrator, Rupee Bank.

from Banking/Finance-Industry-Economic Times https://ift.tt/3uCsxOy