Case Brief
The Reserve Bank of India cancelled the licence of Jijamata Mahila Sahakari Bank Ltd., Satara, Maharashtra by order dated October 06, 2025. RBI cited inadequate capital and earning prospects, non-compliance with Section 11(1) and Section 22(3)(d) read with Section 56 of the Banking Regulation Act, 1949, and failure to comply with several licensing requirements under Section 22(3)(a) to (e) read with Section 56. RBI also noted that the bank’s financial position had deteriorated, the forensic audit could not be completed because of the bank’s non-cooperation, and continuation of the bank would be prejudicial to depositors and public interest. The bank ceased banking business from the close of business on October 07, 2025, and the Registrar of Cooperative Societies, Maharashtra has been asked to wind up the bank and appoint a liquidator.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- Co-operative bank
- Location