RBI cancels licence of National Urban Cooperative Bank, Pratapgarh

Bank barred from accepting or repaying deposits

Governance Financial Services
RBI ·
Change
India’s RBI revoked the licence of National Urban Cooperative Bank, Pratapgarh, prohibiting all banking operations effective April 10, 2026.
Why it matters
The bank enters liquidation with a court-appointed process, requiring depositors to file claims for insured recoveries.
Implications
  • — Deposits frozen — liquidity risk for customers
  • — Liquidation process begins — recovery uncertain

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