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The Economic Times

Economy / The Economic Times

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RBI cancels licence of Shirpur Merchants' Co-operative Bank

The Reserve Bank of India has cancelled the licence of The Shirpur Merchants' Co-operative Bank. This action is due to the bank's insufficient capital and future earning potential. The bank will cease all banking operations from April 6, 2026. Depositors will receive their insured amounts up to Rs 5 lakh from DICGC.

6 Apr 2026 7:16 pm