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Lucknow Urban Co-operative Bank's Registration Cancelled by RBI

The Reserve Bank of India (RBI) has cancelled the certificate of registration of Lucknow Urban Co-operative Bank Ltd due to inadequate capital and the Bank’s failure to comply with banking regulations. Lucknow Urban Co-operative Bank ceased to carry on banking business on 29 September 2023. ....

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rbi: RBI cancels licence of Lucknow Urban Co-operative Bank

As per the data submitted by the bank, 99.53 per cent of the depositors are entitled to receive the full amount of their deposits from DICGC, the RBI said. Giving reasons behind the cancellation of the licence, the central bank said Lucknow Urban Co-operative Bank does not have adequate capital and earning prospects. ....

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RBI Cancels License Of Lucknow Urban Co-operative Bank

The Reserve Bank of India on Friday said it has cancelled the banking license of Lucknow Urban Co-operative Bank, as the lender does not have adequate capital and earning prospects. ....

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RBI extends Directions on many UCBs from Maharashtra to UP

The Reserve Bank of India extended the period of directions on several urban cooperative banks which are s ....

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Six UCBs under Directions; four under penalty: RBI

A spate of urban co-op banks was either put under restriction or imposed with fine for various acts of omissions and commissions last week. At least six banks were put under Directions and four others were penalized. ....

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