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      Question

      The Reserve Bank of India cancelled the licence of which

      bank in April 2026? 
      A PMC Bank Correct Answer Incorrect Answer
      B Yes Bank Correct Answer Incorrect Answer
      C Shirpur Merchants’ Co-operative Bank Correct Answer Incorrect Answer
      D Saraswat Bank Correct Answer Incorrect Answer
      E Cosmos Bank Correct Answer Incorrect Answer

      Solution

      The RBI cancelled the licence of Shirpur Merchants’ Co-operative Bank due to inadequate capital and poor financial condition. Depositors are insured up to ₹5 lakh under DICGC. 

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