Two small Russian banks lose licenses

MOSCOW, March 30 (Reuters) - Russia's central bank has revoked the licenses of two small banks, NPK Bank and Federal Investment Bank, citing violations of the law concerning money laundering and a lack of capital.

The banks had also violated Russia's banking regulations, the central bank said in a statement on Monday.

Russia's banking system, made up of 1,000-plus financial institutions and hundreds small banks could fall, bankers say, as bad loans rise, eating into bank profits and capital.

Some 30 banks have lost their licenses since August. (Reporting by Dmitry Sergeyev; editing by Simon Jessop)