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Search result for 'bank licence cancellation'

Mumbai, Jun 18...

RBI Cancels Shree Mahalaxmi Co-op Bank''s Licence

June 18, 2026 16:00
RBI cancels the licence of Karnataka-based Shree Mahalaxmi Urban Co-operative Credit Bank due to its worsening financial position. 97.9% depositors covered by DICGC.

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Mumbai, Jun 12...

RBI restricts Mogaveera Bank: Rs 1 lakh withdrawal cap

June 12, 2026 20:39
RBI imposes 6-month restrictions on Mogaveera Co-operative Bank due to financial issues. Withdrawals capped at Rs 1 lakh. No new loans or deposits.

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Mumbai, Jun 10...

RBI Cancels 135 NBFC Registrations, Others Surrender

June 10, 2026 19:39
RBI cancelled 135 NBFC registration certificates, including firms like Essel Finance. 13 others surrendered licenses due to business exit, mergers, or not requiring registration.

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Mumbai, May 19...

RBI Cancels Yashwant Bank Licence

May 19, 2026 17:52
RBI cancels the licence of The Yashwant Co-operative Bank due to inadequate capital. Depositors to receive up to Rs 5 lakh from DICGC.

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Mumbai, May 18...

RBI Restricts Nagar Sahakari Bank, Etawah

May 18, 2026 18:34
RBI imposes restrictions on Nagar Sahakari Bank, Etawah for 6 months. Withdrawal capped at Rs 10,000. Details here.

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Mumbai, May 12...

RBI Cancels Sarvodaya Co-operative Bank Licence

May 12, 2026 19:37
RBI cancels the licence of Mumbai-based Sarvodaya Co-operative Bank due to inadequate capital. Depositors to receive insurance up to Rs 5 lakh.

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New Delhi, Apr 29...

Paytm: Growth & Profitability Post PPBL Separation

April 29, 2026 11:21
Paytm secures core business growth and profitability through arm's length approach with Paytm Payments Bank. Analyst views included.

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New Delhi, Apr 27...

Paytm Shares Tank After RBI Action

April 27, 2026 11:22
Paytm shares fall over 8% after RBI cancels Paytm Payments Bank license. Non-compliance cited. Impact on One97 Communications.

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Mumbai, Apr 24...

RBI Cancels Paytm Payments Bank Licence

April 24, 2026 19:27
RBI cancels Paytm Payments Bank licence due to concerns over its management and the interest of depositors. Bank prohibited from banking business.

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Mumbai, Apr 6...

RBI Cancels Shirpur Bank Licence

April 6, 2026 18:11
RBI cancels the licence of The Shirpur Merchants' Co-operative Bank due to inadequate capital. Depositors to receive up to Rs 5 lakh from DICGC.

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Mumbai, Oct 7...

RBI Cancels Jijamata Bank Licence, Satara

October 7, 2025 19:14
RBI cancels the licence of Jijamata Mahila Sahakari Bank, Satara due to inadequate capital. Depositors to get up to Rs 5 lakh from DICGC.

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Mumbai, Jul 23...

RBI Cancels Karwar Urban Co-op Bank Licence

July 23, 2025 19:07
Reserve Bank of India cancels licence of Karnataka's Karwar Urban Co-operative Bank due to inadequate capital and earning prospects. Depositors may receive insurance claim amount up to Rs 5 lakh.

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Mumbai, May 19...

RBI Cancels HCBL Co-op Bank Licence: Depositors to Get Up to Rs 5 Lakh

May 19, 2025 20:50
The Reserve Bank of India has cancelled the licence of Lucknow-based HCBL Co-operative Bank due to inadequate capital and earnings. Depositors are insured for up to Rs 5 lakh by DICGC.

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Mumbai, Apr 25...

RBI Cancels Licence of Jalandhar's Imperial Urban Co-op Bank

April 25, 2025 16:23
The Reserve Bank of India has cancelled the licence of Imperial Urban Co-operative Bank in Jalandhar due to inadequate capital and earning prospects. The bank is being wound up, with depositors...

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Mumbai, Apr 22...

RBI Cancels Ajantha Urban Co-op Bank Licence

April 22, 2025 21:30
The Reserve Bank of India (RBI) has cancelled the licence of Ajantha Urban Co-operative Bank Maryadit, Aurangabad, due to inadequate capital and earning prospects. Depositors are entitled to...

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Mumbai, Apr 16...

RBI Cancels Licence of Colour Merchants Co-op Bank

April 16, 2025 19:01
Reserve Bank of India (RBI) has cancelled the licence of Ahmedabad-based Colour Merchants Co-operative Bank due to inadequate capital and earning prospects. The bank's licence cancellation means...

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Mumbai, Nov 12...

RBI Cancels License of Durga Co-op Urban Bank

November 12, 2024 18:34
The Reserve Bank of India has cancelled the licence of Vijayawada-based The Durga Co-operative Urban Bank due to inadequate capital and earning prospects. Depositors will be eligible for insurance...

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Mumbai, Oct 10...

RBI Mandates ARCs Membership in All Credit Information Companies

October 10, 2024 17:45
The Reserve Bank of India has directed Asset Reconstruction Companies (ARCs) to become members of all four credit information companies in India, aligning them with banks and NBFCs to maintain a...

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Mumbai, Jul 24...

RBI Cancels Licence of Mahabhairab Coop Urban Bank, Tezpur

July 24, 2024 18:32
The Reserve Bank of India (RBI) has cancelled the licence of Tezpur-based The Mahabhairab Cooperative Urban Bank due to its deteriorating financial condition. The bank will cease to operate with...

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Mumbai, Jul 5...

RBI Cancels Shimsha Sahakara Bank License: Depositors Protected

July 5, 2024 19:47
Reserve Bank of India cancels the license of Shimsha Sahakara Bank Niyamitha due to financial woes. Depositors will receive insurance up to Rs 5 lakh from DICGC.

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Mumbai, Jul 4...

RBI Cancels License of Banaras Merchantile Co-op Bank

July 4, 2024 20:17
The Reserve Bank of India has cancelled the licence of Banaras Merchantile Co-operative Bank, Varanasi due to its worsening financial position. Depositors are entitled to receive up to Rs 5 lakh...

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Mumbai, Jun 19...

RBI cancels licence of Mumbai-based The City Co-operative Bank

June 19, 2024 19:43
Reserve Bank of India cancels the licence of The City Co-operative Bank in Mumbai due to lack of capital and earning prospects. Depositors will be eligible for insurance claims up to Rs 5 lakh.

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Mumbai, Jun 17...

RBI cancels licence of Purvanchal Co-op Bank, Ghazipur

June 17, 2024 16:18
The Reserve Bank of India has cancelled the license of Purvanchal Co-operative Bank, Ghazipur, Uttar Pradesh due to inadequate capital and earning prospects. Depositors are entitled to receive...

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Mumbai, Apr 8...

RBI Restricts Shirpur Coop Bank: Withdrawal Curbs, Financial Woes

April 8, 2024 18:18
The Reserve Bank of India has imposed restrictions on Shirpur Merchants' Co-operative Bank, limiting withdrawals and loan approvals due to its deteriorating financial position. Learn more about the...

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Mumbai, Feb 28...

RBI Cancels Licence of Sumerpur Mercantile Urban Coop Bank

February 28, 2024 20:49
The Reserve Bank of India (RBI) has cancelled the licence of Sumerpur Mercantile Urban Cooperative Bank due to inadequate capital and earning prospects. Depositors will receive insurance up to Rs 5...

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Mumbai, Feb 6...

RBI Cancels Licence of Jai Prakash Narayan Nagari Sahakari Bank

February 6, 2024 19:39
The Reserve Bank of India has cancelled the licence of Jai Prakash Narayan Nagari Sahakari Bank in Maharashtra due to its financial instability. Depositors are eligible for insurance up to Rs 5 lakh.

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Mumbai, Dec 7...

RBI Cancels Licence of Urban Co-op Bank, Sitapur

December 7, 2023 22:12
The Reserve Bank of India (RBI) has cancelled the licence of Urban Co-operative Bank Limited, Sitapur, Uttar Pradesh due to inadequate capital and earning prospects. Depositors are entitled to...

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Mumbai, Dec 4...

RBI Cancels License of Shankarrao Pujari Nutan Nagari Sahakari Bank

December 4, 2023 22:03
The Reserve Bank of India (RBI) has cancelled the licence of Shankarrao Pujari Nutan Nagari Sahakari Bank Limited, Kolhapur, due to inadequate capital and earning prospects. The bank will cease to...

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