Madhavpura Mercantile Cooperative Bank (MMCB) was a Gujarat-based interstate cooperative bank that became defunct and lost its licence after it was unable to pay back the money it owed public depositors. Reserve Bank of India cancelled its licence in June 2012 under section 22 of the Banking regulations Act, 1949.[2]
^"Madhavpura Bank repays depositors". Moneycontrol. 26 August 2005. Archived from the original on 24 May 2014. Retrieved 23 May 2014.
^"Madhavpura Mercantile Co-op Bank licence cancelled | Business Line". Thehindubusinessline.com. Archived from the original on 22 May 2014. Retrieved 22 May 2014.
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