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      Question

      RBI cancelled the licence of Yashwant Co-operative Bank

      Limited in May 2026. This bank is based in which state?
      A Gujarat Correct Answer Incorrect Answer
      B Karnataka Correct Answer Incorrect Answer
      C Maharashtra Correct Answer Incorrect Answer
      D Madhya Pradesh Correct Answer Incorrect Answer
      E Uttar Pradesh Correct Answer Incorrect Answer

      Solution

      RBI cancelled the licence of Maharashtra-based Yashwant Co-operative Bank Limited with immediate effect, citing poor financial health, inadequate capital, and regulatory violations. The action was taken under the Banking Regulation Act, 1949. Eligible depositors will be entitled to claim insurance of maximum Rs 5 lakh through DICGC.

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