RBI cancels Licence of United Commercial Co-operative Bank Ltd., Kanpur
Case Brief
On January 20, 2015, the Reserve Bank of India cancelled the licence of United Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh. The cancellation was made under Section 22 of the Banking Regulation Act, 1949 read with Section 56 of the same Act as applicable to co-operative societies. As a result, the bank cannot transact the business of banking as defined in Section 5(b), including acceptance and repayment of deposits.
The Reserve Bank of India cancelled the licence of United Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh on January 20, 2015 under Section 22 of the Banking Regulation Act, 1949 read with Section 56. The order bars the bank from carrying on banking business as defined in Section 5(b) of the Act, including acceptance and repayment of deposits.
Severity Assessment
Licence cancellation is a terminal enforcement action and carries severity 5.
The bank must stop carrying on banking business, and customers can no longer use it for deposit acceptance or repayment activities. This is a complete licensing action affecting the bank's ability to operate as a co-operative bank.
Published as United Commercial Co-operative Bank Ltd., Kanpur
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
United Commercial Co-operative Bank Ltd., Kanpur
Business restriction · Extension
United Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh
Business restriction · Extension
United Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh
Business restriction · Extension
United Commercial Co-operative Bank Limited
Monetary penalty · Fresh imposition
© 2026 RegOversight by OddVector