Answer-What was the key reason for RBI cancelling HCBL Co-operative Bank’s license in May 2025?

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

Question

What was the key reason for RBI cancelling HCBL Co-operative Bank’s license in May 2025?

A Money laundering allegations Correct Incorrect

B Poor cyber hygiene Correct Incorrect

C Inadequate capital and weak earning potential Correct Incorrect

D Non-compliance with income tax regulations Correct Incorrect

E Involvement in fraudulent loan disbursement Correct Incorrect

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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