Word “Bank” cannot be used in Names alleged by RBI
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Reserve Bank of India (RBI) has alleged corporative societies not use the word ‘Bank’ in their names as it violates the Banking Regulation Act. It has come to the notice of RBI that some co-operative Societies are using the word “Bank” in their names. This is a violation of Section 7 of the Banking Regulation … Continue reading “Word “Bank” cannot be used in Names alleged by RBI”