With the cancellation of licence and commencement of liquidation proceedings, the process of paying the depositors of Shivam Sahakari Bank as per the DICGC Act, 1961 will be set in motion.source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-cancels-licence-of-kolhapur-based-shivam-sahakari-bank/articleshow/80588883.cms
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