Question

    What was the key reason for RBI cancelling HCBL

    Co-operative Bank’s license in May 2025?
    A Money laundering allegations Correct Answer Incorrect Answer
    B Poor cyber hygiene Correct Answer Incorrect Answer
    C Inadequate capital and weak earning potential Correct Answer Incorrect Answer
    D Non-compliance with income tax regulations Correct Answer Incorrect Answer
    E Involvement in fraudulent loan disbursement Correct Answer Incorrect Answer

    Solution

    The RBI cancelled HCBL Co-op Bank’s license due to inadequate capital and earning prospects, deeming it unfit to operate.

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