Abstract and keywords
Abstract (English):
The purpose of the article is to study the functioning of credit and financial institutions and the reasons for revocation of licenses from these institutions for commercial activities. This issue is relevant today due to the impact on the quality of services to individuals and legal entities and the low level of financial literacy in the Russian Federation

Keywords:
banks. Licenses, central bank, revocation of licenses, regulation of activities, bank policy, ability to pay
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References

1. Official website of the Central Bank of the Russian Federation URL: http://www.cbr.ru/

2. Balynina S/A/. Balynin I.V/ Features. conditions and problems of attracting funds to deposits of individuals by credit institutions in the Russian Federation in 2011-2015/ /Audit and financial analysis/ - 2016/ - No. 3. - Pp/153-157.

3. Elektronnyy resurs https://www.banki.ru/news/

4. Elektronnyy resurshttps://argumenti.ru/

5. Elektronnyy resurs https://www.garant.ru/products/ipo/prime/doc/71849416/

6. Electronic resource https://www.banki.ru/news/

7. Electronic resourcehttps://argumenti.ru/

8. Electronic resourcehttps://www.garant.ru/products/ipo/prime/doc/71849416/