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flag RBI cancels Shirpur Merchants' Co-op Bank license due to weak finances.

flag The Reserve Bank of India has cancelled the banking licence of Shirpur Merchants' Co-operative Bank effective April 6, 2026, due to weak finances and inability to repay depositors. flag The bank must cease operations immediately, and Maharashtra authorities have been directed to wind it up. flag Nearly all depositors are protected under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme, with up to ₹5 lakh per account insured.

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