Regulations
U.P. Bank Shut Down: RBI Cancels License of Urban Co-op Bank
U.P. Bank Shut Down: RBI Cancels License of Urban Co-op Bank In a major development, the Reserve Bank of India (RBI) has canceled the banking license of Urban Co-operative Bank Ltd., Sitapur, Uttar Pradesh, with immediate effect. The decision was announced on Friday, December 8, 2023, and has sent shockwaves through the state’s cooperative banking […]