RBI cancels licence of Pune-based Shivajirao Bhosale Sahakari Bank
The Hindu
The RBI said public interest would be adversely affected if the bank is allowed to carry on its banking business any further.
The RBI on Monday said it has cancelled the licence of Shivajirao Bhosale Sahakari Bank, Pune as the lender does not have adequate capital and earning prospects. As per data submitted by Shivajirao Bhosale Sahakari Bank, more than 98% of the depositors will receive full amount of their deposits from the Deposit Insurance and Credit Guarantee Corporation (DICGC), the RBI said in a release. On liquidation, every depositor would be entitled to receive deposit insurance claim amount of his/her deposits up to a monetary ceiling of ₹5 lakh from the DICGC.“Spider wasp,” says ecologist and nature educator Vena Kapoor, narrating the fascinating but macabre tale of the spider wasp and its victims. While adult spider wasps mostly feed on flower nectar, making them excellent pollinators, they are also what are known as “parasitoids.” Unlike parasites, they kill their host. In the case of spider wasps, females hunt down spiders, inject them with venom and lay eggs on them. Once they hatch, the larvae eat these spiders alive, inevitably killing them, she tells the huddle of women cloistered around this tree.
Karnataka’s Shakti scheme, which provides free travel for women on State-run buses, will turn one on June 11. Though the scheme has empowered women’s travel, the lack of adequate number of buses and poor connectivity are key concerns. Darshan Devaiah B.P. explores various locales to gauge the scheme’s impact Statewide