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⚡The CKP Co-Op Bank's License Cancelled by RBI, Depositors Entitled to be Repaid Upto Rs 5 Lakh

By Team Latestly

The RBI action is feared to affect scores of people amid the ongoing lockdown. The bank had 1.25 lakh account holders, along with 11,000 depositor-investors. Its net worth was stated to be Rs 230 crore, whereas, a cumulative amount of Rs 485 crore was collected in the form of fixed deposits (FD).

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