The RBI on Thursday announced the cancellation of certificate of registration (CoR) of Ind Bank Housing, a subsidiary of Indian Bank. The public sector bank holds 51% of the Chennai-headquartered housing finance company. The company had reported a net loss of Rs 55.8 lakh in 2022-23 Indian Bank did not respond to a query on its next course of action.
CHENNAI: The RBI on Thursday announced the cancellation of certificate of registration (CoR) of Ind Bank Housing, a subsidiary of Indian Bank. The public sector bank holds 51% of the Chennai-headquartered housing finance company. The company had reported a net loss of Rs 55.8 lakh in 2022-23 Indian Bank did not respond to a query on its next course of action.
