RBI · India ·

RBI cancels licence of National Urban Cooperative Bank, Pratapgarh

→Bank barred from accepting or repaying deposits

Governance Financial Services
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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