RBI cancels licence of The Vijaya Cooperative Urban Bank Ltd., Hyderabad, Andhra Pradesh
Case Brief
The Reserve Bank of India cancelled the licence of The Vijaya Cooperative Urban Bank Ltd. (For Women), Hyderabad, Andhra Pradesh, under Section 22 of the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). The cancellation precludes the bank from transacting banking business, including accepting deposits from the public and allowing withdrawals by cheque, draft, order or otherwise.
The Reserve Bank of India cancelled the licence of The Vijaya Cooperative Urban Bank Ltd. (For Women), Hyderabad, Andhra Pradesh to carry on banking business. The order was issued under Section 22 of the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). As a result, the bank is precluded from transacting banking business, including accepting public deposits and allowing withdrawals by cheque, draft, order or otherwise.
Severity Assessment
Licence cancellation is a severity-5 action because it removes the entity's ability to operate as a bank at all.
The bank must stop carrying on banking business and cannot accept fresh deposits or permit withdrawals in the ordinary course. Depositors and counterparties are affected because the institution is no longer authorised to operate as a bank.
Published as The Vijaya Cooperative Urban Bank Ltd., (For Women), Hyderabad, Andhra Pradesh
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
© 2026 RegOversight by OddVector