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      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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