Another bank failure - News Summed Up

Another bank failure


May 16, 2023 12:15 am | Updated 12:15 am ISTLahore, May 15: The Amritsar National Bank has closed its doors. It is stated that since the failure of the Alliance Bank of Simla there has been continuous withdrawals from the Bank. The Directors have tried their utmost to meet their demand. They have resolved with great regret to suspend payment from today to safeguard the interest of all concerned. A meeting of the shareholders will be held at 11 a.m. on the 28th May to consider the position.


Source: The Hindu May 15, 2023 23:18 UTC



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