Case Brief
RBI, by order dated April 10, 2026, cancelled the licence of National Urban Cooperative Bank Ltd., Pratapgarh under Section 22 read with Section 56 of the Banking Regulation Act, 1949. RBI cited inadequate capital and earning prospects, non-compliance with Section 11(1) and multiple clauses of Section 22(3) read with Section 56, and said the bank’s continuance would harm depositors and public interest. Following the cancellation, the bank ceased banking operations from the close of business on April 10, 2026, and was prohibited from accepting or repaying deposits. RBI also requested the Commissioner and Registrar of Cooperative, Uttar Pradesh to initiate winding up and appoint a liquidator.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- Co-operative bank
- Location
- Pratapgarh, Uttar Pradesh