Which of the following cooperative banks had its license

cancelled by the RBI due to inadequate financial stability and regulatory non-compliance in July 2024?

A Kangra Co-operative Bank, Delhi Correct Answer Incorrect Answer

B Mahabhairab Cooperative Urban Bank Limited, Assam Correct Answer Incorrect Answer

C Rajdhani Nagar Sahkari Bank, Uttar Pradesh Correct Answer Incorrect Answer

D Stambhadri Co-operative Urban Bank, Telangana Correct Answer Incorrect Answer

E Halol Urban Co-operative Bank, Gujarat Correct Answer Incorrect Answer

Solution

The RBI revoked the license of Mahabhairab Cooperative Urban Bank Limited due to its unsatisfactory capital adequacy and potential risk to depositors' interests, necessitating an immediate cessation of its banking operations.

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