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Money & Banking - Regional Rural Banks


Janakalyan Sahakari Bank `totally solvent'

Our Bureau

New Delhi , Oct. 6

THE Finance Ministry today clarified that there was "no problem" with the Mumbai-based Janakalyan Sahakari Bank Ltd.

The Ministry was reacting the reports that RBI has found irregularities in the bank for which it has been penalised. Top Finance Ministry official said that bank was "totally solvent" and that the RBI's recent intervention was a routine one.

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