The CKP Co-Operative Bank's Licence was cancelled by RBI in ongoing lock-down. Depositors are entitled upto Rs 5 lakh post liquidation.
Presently there are approximately 1.25 lakhs Account holders and Approximately 0.11 lakhs Depositors and Investors. The total Net worth is around Rs 230 Cr. Total cumulative amount under Fixed deposit is around Rs 480 Cr.
In 2014 after first Stroke bank Board has tried to improve the financial condition. On March 31,2020 RBI extended permit for another 2 months. But due to some issue on 2nd May 2020 RBI cancelled the Licence.
Date : 3/5/20 Information by Sources.
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