The Reserve Bank of India has cancelled the licence of Madgaum Urban Co-operative Bank Limited, Margao, Goa, as the bank with its current financial position would be unable to pay its present depositors in full.
The Government has released Rs 8,257.88 crores to Indian States and Union Territories (UTs) towards the India COVID-19 Emergency Response and Health System Preparedness Package during 2020-21.