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Barring unfavourable internet value, there will not be any antagonistic remarks, both within the statutory audit or RBI annual inspection, an announcement issued by the financial institution stated.
Rupee Co-operative Financial institution has been granted an extension for its banking license by the Reserve Financial institution of India (RBI) for an additional three months as much as August 31, 2021. Until March 2021, the financial institution made complete restoration of Rs 263.93 crore and mixture working revenue of Rs 70.70 crore over the past 5 years.
The financial institution is incomes revenue consecutively for the final 5 years. Until March-2021, financial institution had paid Rs 366.54 crore to 92602 depositors below the Hardship Scheme.
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Barring unfavourable internet value, there will not be any antagonistic remarks, both within the statutory audit or RBI annual inspection, an announcement issued by the financial institution stated.
The proposal for merger with Maharashtra State Co-Op Financial institution, (MSC Financial institution) is pending with the RBI, Sudhir Pandit, chairman, board of directors, Rupee Cooperative Financial institution, stated.
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