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RBI cancels Shirpur Merchants' Co-op Bank license due to weak finances.
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.
The bank must cease operations immediately, and Maharashtra authorities have been directed to wind it up.
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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RBI cancela la licencia de Shirpur Merchants Co-op Bank debido a las finanzas débiles.