Highlights More than 99 percent depositors to get full repayment. Payment as per DICGC rules. New Delhi: The Reserve Bank of India (RBI) has cancelled the licence of yet another bank --Vasantdada Nagari Sahakari Bank Ltd., Osmanabad, Maharashtra, while it has requested Commissioner for Cooperation and Registrar of Cooperative Societies (RCS), Maharashtra to issue an order for winding up the bank and appoint a liquidator for the bank. "The Reserve Bank of India (RBI) has, vide order dated January 08, 2021 cancelled the licence of Vasantdada Nagari Sahakari Bank Ltd., Osmanabad, Maharashtra to carry on banking business, with effect from the close of business on January 11, 2021. The Commissioner for Cooperation and Registrar of Cooperative Societies (RCS), Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank," an official release said.