{"id":2008,"date":"2023-02-21T20:17:00","date_gmt":"2023-02-21T14:47:00","guid":{"rendered":"https:\/\/edunovations.com\/currentaffairs\/?p=2008"},"modified":"2023-04-23T20:46:28","modified_gmt":"2023-04-23T15:16:28","slug":"rbi-cancels-license-of-garha-co-operative-bank-rbi-scraps-license-of-mp-based-garha-co-operative-bank","status":"publish","type":"post","link":"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-cancels-license-of-garha-co-operative-bank-rbi-scraps-license-of-mp-based-garha-co-operative-bank\/","title":{"rendered":"RBI cancels license of Garha Co-operative Bank : RBI scraps license of MP-based Garha Co-operative Bank"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-cancels-license-of-garha-co-operative-bank-rbi-scraps-license-of-mp-based-garha-co-operative-bank\/#RBI_cancels_license_of_Garha_Co-operative_Bank_RBI_scraps_license_of_MP-based_Garha_Co-operative_Bank\" >RBI cancels license of Garha Co-operative Bank : RBI scraps license of MP-based Garha Co-operative Bank<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-cancels-license-of-garha-co-operative-bank-rbi-scraps-license-of-mp-based-garha-co-operative-bank\/#Why_this_News_is_important\" >Why this News is important:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-cancels-license-of-garha-co-operative-bank-rbi-scraps-license-of-mp-based-garha-co-operative-bank\/#Impact_on_Banking_Sector\" >Impact on Banking Sector:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-cancels-license-of-garha-co-operative-bank-rbi-scraps-license-of-mp-based-garha-co-operative-bank\/#Impact_on_Depositors\" >Impact on Depositors:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-cancels-license-of-garha-co-operative-bank-rbi-scraps-license-of-mp-based-garha-co-operative-bank\/#Historical_context\" >Historical context:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-cancels-license-of-garha-co-operative-bank-rbi-scraps-license-of-mp-based-garha-co-operative-bank\/#Key_Takeaways_from_%E2%80%9CRBI_scraps_license_of_MP-based_Garha_Co-operative_Bank%E2%80%9D\" >Key Takeaways from &#8220;RBI scraps license of MP-based Garha Co-operative Bank&#8221;:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-cancels-license-of-garha-co-operative-bank-rbi-scraps-license-of-mp-based-garha-co-operative-bank\/#Important_FAQs_for_Students_from_this_News\" >Important FAQs for Students from this News<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-cancels-license-of-garha-co-operative-bank-rbi-scraps-license-of-mp-based-garha-co-operative-bank\/#Q1_What_is_the_Garha_Co-operative_Bank_and_why_was_its_license_cancelled_by_the_RBI\" >Q1. What is the Garha Co-operative Bank, and why was its license cancelled by the RBI?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-cancels-license-of-garha-co-operative-bank-rbi-scraps-license-of-mp-based-garha-co-operative-bank\/#Q2_What_impact_will_the_cancellation_of_Garha_Co-operative_Banks_license_have_on_other_co-operative_banks\" >Q2. What impact will the cancellation of Garha Co-operative Bank&#8217;s license have on other co-operative banks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-cancels-license-of-garha-co-operative-bank-rbi-scraps-license-of-mp-based-garha-co-operative-bank\/#Q3_What_steps_can_depositors_take_to_ensure_the_safety_of_their_money_in_the_event_of_a_bank_license_cancellation\" >Q3. What steps can depositors take to ensure the safety of their money in the event of a bank license cancellation?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-cancels-license-of-garha-co-operative-bank-rbi-scraps-license-of-mp-based-garha-co-operative-bank\/#Q4_How_much_money_will_depositors_receive_back_if_their_banks_license_is_cancelled\" >Q4. How much money will depositors receive back if their bank&#8217;s license is cancelled?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-cancels-license-of-garha-co-operative-bank-rbi-scraps-license-of-mp-based-garha-co-operative-bank\/#Q5_What_is_the_historical_context_of_Garha_Co-operative_Bank\" >Q5. What is the historical context of Garha Co-operative Bank?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-cancels-license-of-garha-co-operative-bank-rbi-scraps-license-of-mp-based-garha-co-operative-bank\/#Some_Important_Current_Affairs_Links\" >Some Important Current Affairs Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"RBI_cancels_license_of_Garha_Co-operative_Bank_RBI_scraps_license_of_MP-based_Garha_Co-operative_Bank\"><\/span>RBI cancels license of Garha Co-operative Bank : RBI scraps license of MP-based Garha Co-operative Bank<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Reserve Bank of India (RBI) has cancelled the license of Garha Co-operative Bank, which was located in Jabalpur, Madhya Pradesh. The move was made due to the bank&#8217;s weak financial position and unsatisfactory performance. This decision was taken in order to protect the interests of the depositors.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\" id=\"RBI-cancels-license-of-Garha-Co-operative-Bank\"><img decoding=\"async\" width=\"1024\" height=\"614\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/RBI-cancels-license-of-Garha-Co-operative-Bank-1024x614.webp\" alt=\"RBI cancels license of Garha Co-operative Bank\" class=\"wp-image-2019\" title=\"RBI cancels license of Garha Co-operative Bank\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/RBI-cancels-license-of-Garha-Co-operative-Bank-1024x614.webp 1024w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/RBI-cancels-license-of-Garha-Co-operative-Bank-300x180.webp 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/RBI-cancels-license-of-Garha-Co-operative-Bank-768x461.webp 768w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/RBI-cancels-license-of-Garha-Co-operative-Bank-1536x922.webp 1536w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/RBI-cancels-license-of-Garha-Co-operative-Bank-1320x792.webp 1320w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/RBI-cancels-license-of-Garha-Co-operative-Bank.webp 2000w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">RBI cancels license of Garha Co-operative Bank<\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_this_News_is_important\"><\/span>Why this News is important:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Impact_on_Banking_Sector\"><\/span>Impact on Banking Sector:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The cancellation of Garha Co-operative Bank&#8217;s license serves as a warning to other co-operative banks that they must maintain healthy financials and meet regulatory requirements. This decision by the RBI has also demonstrated that they will not hesitate to take strict action against banks that violate rules and regulations.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Impact_on_Depositors\"><\/span>Impact on Depositors:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The decision to revoke the license of Garha Co-operative Bank has left many depositors in a difficult situation. It is essential that they take necessary steps to ensure the safety of their money and avoid any potential losses. The RBI has announced that depositors will receive their money back up to Rs 5 lakh, which is the maximum amount insured by the Deposit Insurance and Credit Guarantee Corporation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Historical_context\"><\/span>Historical context:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Garha Co-operative Bank was established in 1963 in Jabalpur, Madhya Pradesh. It was registered under the Madhya Pradesh Co-operative Societies Act, 1960, and was regulated by the RBI. The bank was primarily involved in providing loans to its members and accepting deposits from them. However, over the years, the bank&#8217;s financial position deteriorated due to poor management and mismanagement of funds.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Takeaways_from_%E2%80%9CRBI_scraps_license_of_MP-based_Garha_Co-operative_Bank%E2%80%9D\"><\/span>Key Takeaways from &#8220;RBI scraps license of MP-based Garha Co-operative Bank&#8221;:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Serial No.<\/th><th>Key Takeaway<\/th><\/tr><\/thead><tbody><tr><td>1.<\/td><td>The RBI has cancelled the license of Garha Co-operative Bank due to its weak financial position and unsatisfactory performance.<\/td><\/tr><tr><td>2.<\/td><td>This decision will serve as a warning to other co-operative banks that they must maintain healthy financials and meet regulatory requirements.<\/td><\/tr><tr><td>3.<\/td><td>Depositors will receive their money back up to Rs 5 lakh, which is the maximum amount insured by the Deposit Insurance and Credit Guarantee Corporation.<\/td><\/tr><tr><td>4.<\/td><td>Garha Co-operative Bank was established in 1963 in Jabalpur, Madhya Pradesh, and was primarily involved in providing loans to its members and accepting deposits from them.<\/td><\/tr><tr><td>5.<\/td><td>The bank&#8217;s financial position deteriorated due to poor management and mismanagement of funds over the years.<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">RBI cancels license of Garha Co-operative Bank<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">In conclusion, the cancellation of the Garha Co-operative Bank&#8217;s license by the RBI serves as a warning to other co-operative banks to maintain healthy financials and meet regulatory requirements. This decision will have an impact on depositors, who must take necessary steps to ensure the safety of their money. The RBI has assured that depositors will receive their money back up to Rs 5 lakh. The historical context of the bank&#8217;s establishment and its operations over the years provide insight into its deteriorating financial position. The key takeaways from this news story are important for students preparing for government exams in the banking sector.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Important_FAQs_for_Students_from_this_News\"><\/span>Important FAQs for Students from this News<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q1_What_is_the_Garha_Co-operative_Bank_and_why_was_its_license_cancelled_by_the_RBI\"><\/span>Q1. What is the Garha Co-operative Bank, and why was its license cancelled by the RBI? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A1. Garha Co-operative Bank was a co-operative bank located in Jabalpur, Madhya Pradesh. Its license was cancelled by the RBI due to weak financials and unsatisfactory performance.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q2_What_impact_will_the_cancellation_of_Garha_Co-operative_Banks_license_have_on_other_co-operative_banks\"><\/span>Q2. What impact will the cancellation of Garha Co-operative Bank&#8217;s license have on other co-operative banks? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A2. The cancellation of Garha Co-operative Bank&#8217;s license serves as a warning to other co-operative banks to maintain healthy financials and meet regulatory requirements.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q3_What_steps_can_depositors_take_to_ensure_the_safety_of_their_money_in_the_event_of_a_bank_license_cancellation\"><\/span>Q3. What steps can depositors take to ensure the safety of their money in the event of a bank license cancellation? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A3. Depositors can ensure the safety of their money by checking if their bank is compliant with regulatory requirements and ensuring that their deposits are insured up to the maximum limit.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q4_How_much_money_will_depositors_receive_back_if_their_banks_license_is_cancelled\"><\/span>Q4. How much money will depositors receive back if their bank&#8217;s license is cancelled? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A4. Depositors will receive their money back up to Rs 5 lakh, which is the maximum amount insured by the Deposit Insurance and Credit Guarantee Corporation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q5_What_is_the_historical_context_of_Garha_Co-operative_Bank\"><\/span>Q5. What is the historical context of Garha Co-operative Bank? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A5. Garha Co-operative Bank was established in 1963 in Jabalpur, Madhya Pradesh, and was primarily involved in providing loans to its members and accepting deposits from them. However, over the years, the bank&#8217;s financial position deteriorated due to poor management and mismanagement of funds.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Some_Important_Current_Affairs_Links\"><\/span>Some Important Current Affairs Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/national\/\" target=\"_blank\" rel=\"noreferrer noopener\">State Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--2\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/sports\/\" target=\"_blank\" rel=\"noreferrer noopener\">Sports Current Affairs<\/a><\/div>\n\n\n\n<div 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href=\"https:\/\/edunovations.com\/currentaffairs\/category\/defence\/\" target=\"_blank\" rel=\"noreferrer noopener\">Defence Current Affairs<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--4\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs?newsmaticargs=custom&amp;posts=today\" target=\"_blank\" rel=\"noreferrer noopener\">Daily Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--5\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairsinhindi\/\" target=\"_blank\" rel=\"noreferrer noopener\">Current Affairs In Hindi<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--6\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/news-and-notifications\/\" target=\"_blank\" rel=\"noreferrer noopener\">News and Notifications<\/a><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.edunovations.quiz\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1.jpg\" alt=\"Download this App for Daily Current Affairs MCQ&#039;s\" class=\"wp-image-247\" title=\"\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1.jpg 900w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1-300x50.jpg 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1-768x128.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">Download this App for Daily Current Affairs MCQ&#8217;s<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\" id=\"News-Website-Development-Company\"><a href=\"https:\/\/www.martindiainfotech.com\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner.png\" alt=\"News Website Development Company\" class=\"wp-image-438\" title=\"News Website Development Company\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner.png 900w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner-300x50.png 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner-768x128.png 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">News Website Development Company<\/figcaption><\/figure>\n\n\n\n<script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6643489308705072\" crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\" style=\"display:block\" data-ad-format=\"autorelaxed\" data-ad-client=\"ca-pub-6643489308705072\" data-ad-slot=\"2759669284\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n","protected":false},"excerpt":{"rendered":"<p>RBI cancels license of Garha Co-operative Bank : RBI scraps license of MP-based Garha Co-operative Bank The Reserve Bank of India (RBI) has cancelled the license of Garha Co-operative Bank, which was located in Jabalpur, Madhya Pradesh. The move was made due to the bank&#8217;s weak financial position and unsatisfactory performance. This decision was taken&#8230;<\/p>\n","protected":false},"author":4,"featured_media":2020,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,144],"tags":[1074,1443,1447,1445,1446,1444,339,1448],"class_list":["post-2008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-economy_finance","tag-banking-sector","tag-co-operative-banks","tag-depositor-protection","tag-financials","tag-garha-co-operative-bank","tag-license-cancellation","tag-rbi","tag-regulatory-compliance"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/2008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/comments?post=2008"}],"version-history":[{"count":0,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/2008\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media\/2020"}],"wp:attachment":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media?parent=2008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/categories?post=2008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/tags?post=2008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}