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13-A Suspension or cancellation of a licence

(1) The State Bank may suspend or cancel a license granted to a microfinance bank if the microfinance bank. (a) at any time fails to comply with any of the conditions imposed upon it under sub-section (2) of section 12 or sub-section (2) of section 13, as the case may be; (b) at any time fails to pay its liabilities or in the opinion of St...


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