RBI cancels licence of Aurangabad-based Ajantha Urban Co-op Bank Maryadit

The Reserve Bank of India (RBI) has revoked the license of Ajantha Urban Co-operative Bank Maryadit, Aurangabad, effective April 22, 2025, due to inadequate capital and poor earning prospects. The Registrar of Cooperative Societies, Maharashtra, has been asked to liquidate the bank. Depositors will receive up to ₹5 lakh from DICGC, with 91.55% getting their full deposit amount.

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