RBI Cancels License of National Urban Cooperative Bank, Pratapgarh: What Depositors Need to Know Now
RBI Cancels License of National Urban Cooperative Bank, Pratapgarh: What Depositors Need to Know Now
Reserve Bank Takes Drastic Action on 'National Urban Cooperative Bank Ltd., Pratapgarh'
The Reserve Bank of India (RBI) has issued a definitive order cancelling the license of 'National Urban Cooperative Bank Ltd., Pratapgarh'. This action was formally taken via an order dated April 10, 2026. Consequently, the bank immediately ceases all banking business operations as of the close of business on the same date.Furthermore, the Commissioner and Registrar of Cooperative, Uttar Pradesh, has been formally requested to issue the necessary order for the winding up of the bank. This directive also includes the appointment of a liquidator to...