RBI cancels licence of Shri Adinath Sahakari Bank Ltd.
Case Brief
The Reserve Bank of India has cancelled the banking licence of Shri Adinath Sahakari Bank Ltd., Pune, Maharashtra. The order precludes the co-operative bank from transacting the business of banking under the Banking Regulation Act, 1949 (as applicable to co-operative societies), and specifically prohibits it from accepting deposits from the public or allowing withdrawals by cheque, draft, order or otherwise.
The Reserve Bank of India cancelled the licence granted to Shri Adinath Sahakari Bank Ltd., Pune, under the Banking Regulation Act, 1949 (as applicable to co-operative societies). As a result, the bank is precluded from transacting banking business and is not permitted to accept deposits from the public or allow withdrawals by cheque, draft, order or otherwise.
Severity Assessment
Licence cancellation is a full operating prohibition and is always severity 5.
The bank must stop carrying on banking business and cannot accept public deposits or permit withdrawals. Customers/depositors are directly affected because routine account operations are no longer allowed after the licence cancellation.
Published as Shri Adinath Sahakari Bank Ltd.
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
© 2026 RegOversight by OddVector