RBI cancels licence of Jalandhar-based Imperial Urban Co-op Bank:

RBI cancels licence of Jalandhar-based Imperial Urban Co-op Bank:

Daily Current Affairs   /   RBI cancels licence of Jalandhar-based Imperial Urban Co-op Bank:

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Category : Business and economics Published on: April 28 2025

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  • The Reserve Bank of India said it has cancelled the licence of Jalandhar-based Imperial Urban Co-operative Bank as the lender does not have adequate capital and earning prospects. 
  • The Registrar of Cooperative Societies, Government of Punjab has also been requested to issue an order for winding up of the bank and appoint a liquidator for the bank.
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