Reserve Bank of India (RBI) cancels licence of The Yashwant Co-operative Bank Ltd., Phaltan

Exam-focused facts from the 22 May 2026 current affairs briefing.

Key facts

The Reserve Bank of India (RBI) cancelled the licence of The Yashwant Co-operative Bank Ltd., Phaltan, in an order dated May 18, 2026.
The RBI took this action due to the bank's inadequate capital, poor earning prospects, and failure to comply with regulatory requirements.
The Maharashtra Commissioner for Cooperation and Registrar of Cooperative Societies has been directed to wind up the bank and appoint a liquidator.
Depositors are protected by the Deposit Insurance and Credit Guarantee Corporation (DICGC), which provides insurance cover up to ₹5 lakh per depositor.
As of April 20, 2026, the DICGC has paid ₹106.96 crore of the total insured deposits, with 99.02% of depositors entitled to receive their full deposit amount.