RBI cancels licence of Ghaziabad Urban Cooperative bank

RBI also asked the UP commissioner of Cooperation and Registrar of Cooperative Societies to issue an order for winding up Ghaziabad Urban Cooperative Bank as well as appoint a liquidator for the bank

Mumbai: The Reserve Bank of India (RBI) has cancelled the licence of Ghaziabad Urban Cooperative Bank as it had become insolvent, reports PTI.

"In view of the fact that Ghaziabad Urban Cooperative Bank, Ghaziabad (UP), had ceased to be solvent and with all efforts to revive it having failed ... the Reserve Bank of Indiadelivered the order cancelling its licence to the bank on 16 November 2012," RBI said in anotification today.

RBI said it has asked the commissioner of Cooperation and Registrar of Cooperative Societies of Uttar Pradesh government to issue an order for winding up the bank as well as appoint a liquidator for the bank.

Comments

GDA, builders unite to decongest Raj Nagar Extension

GHAZIABAD: Builders in Raj Nagar Extension and the Ghaziabad Development Authority (GDA) have joined hands to put an end to congestion woes in the area. The move would give a breather to the people commuting through the area and builders believe that this will entice more people into buying a property in the area. "To execute the proposed traffic decongestion plan for NH 58 and other roads in Ghaziabad, GDA has decided to complete these works in association with Raj Nagar Extension Developers Association," said Gaurav Gupta, spokesperson of the Association. Mr Gupta added, "The authorities propose to restructure of the NH-58 stretch - from Meerut-crossing (near new bus stand) to ALT-cut." The builder and GDA team will undertake maintenance of the road and close down illegal cuts on the road (used for taking U-tunr) which have been the main reason behind the mess. The project is already underway and is expected to incur a cost of Rs 2 crore. The...

In Akhilesh reign, Noida-Ghaziabad left powerless and dry

Ghaziabad/Noida: The woes of the people of NCR's Noida and Ghaziabad areas have been compounded, thanks to the twin crises of power cuts and water shortage. Noida residents have complained of a significantly reduced supply of water. In sectors such as 10, 11, 12, 15, 27, 31, 32, 33, 34, 37, 56 and 71, the problem of reduced hours of supply has emerged over the past ten days. Many other sectors are reportedly receiving saline mixed with 'soft' Ganga water. "Our house is situated on the ninth floor and very little water reaches that level. The entire pressure gets exhausted on the lower floors. It is a big problem for us," Rama Pandey, a resident of a housing society in Noida Sector 62, said. Munna Sharma, president of Noida Sector-71 RWA and former office bearer of the Federation of Noida RWAs (FONRWA), said, "Normally, we are scheduled to get six hours of water supply, three each in the morning and evening, but these days, we are getting water for just thr...

Metro smart cards may soon be used in Delhi buses

The Delhi Metro’s Smart Cards will soon be valid for travel in both the metro trains as well in buses being run in the national capital. The smart cards would also be integrated with the National Common Mobility Card - More (peacock). The facility would help commuters use all kinds of transport in the city with one single card. The cards would, however, be renamed as ‘Yatri More Cards’ for this purpose. To facilitate its implementation, a series of high-level meetings have since taken place between the Urban Development ministry and Delhi government’s transport department. “It has been decided that the ‘More’ (meaning peacock) cards will be introduced initially in the cluster buses and later in the DTC buses. The art work for designing the ‘More’ cards is already in progress,” said Urban Development Secretary Sudhir Krishna at a press conference here. Krishna said the facility was likely to be made operational by May and by the end of the year the common mobility card would...

Khora Colony (Ghaziabad)

Search This Blog