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Have you got your Deposit in this Bank! This Bank is Closed!

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The Reserve Bank of India (RBI) cancelled the banking licence of 105-year-old CKP Cooperative Bank as its financial position was highly adverse and unsustainable. This bank is one of the oldest co-operative banks in Mumbai and had eight branches across Mumbai and Thane. The bank had 1.50 lakhs depositors, with about Rs 486 crore deposits. Keeping this Co-operative Bank scam in the mind, in this video, Mr. Sudheer has explained how to choose the right bank. He has also spoken about the aspects to look for before depositing money in any bank. 

 

 
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