The banking license of the 105-year-old CKP Co-operative Bank has been removed by the Reserve Bank of India (RBI) as the financial position of the bank was highly conflicting and unsustainable. The bank has 8 branches across Mumbai and Thane and it is one of the oldest co-operative banks in Mumbai. The bank had 1.50 lakhs depositors consist of deposits worth Rs 486 crore. Keeping this event in the mind, in this video, Mr. C S Sudheer has advised how to choose the right bank to deposit your money. He has also explained the aspects to look for before choosing the bank.
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