Purvanchal Co-operative Bank located in Lanka of the city. – Photo : Dialogue Expansion The Reserve Bank of India (RBI) has cancelled the license of Purvanchal Co-operative Bank Limited on June 14. Earlier, on the basis of the RBI investigation report last year, a case was registered against former promoter of Purvanchal Co-operative Bank Limited Ram Babu Shandilya, former CEO Vivek Pandey, management committee, auditor M/s Vijay K. Sharma & Company, bank proprietor and related party and firm in the city police station on 30 August 2023. The Co-operative Cell…
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