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Recent Current Affairs related to Co-operative Bank

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28 May 2026 BANKING

The RBI has cancelled the licence of Maharashtra-based Yashwant Co-operative Bank Ltd (UCB) with immediate effect, citing inadequate capital, poor financial health, and regulatory violations.

Following the liquidation process, eligible depositors of the UCB will be entitled to receive a deposit insurance claim of up to ₹5 lakh from the Deposit Insurance and Credit Guarantee Corporation (DICGC).

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