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Informative
RBI cancels licence of Ahmedabad-based Colour Merchants Co-op Bank
Update / Judgement Date
16 Apr 2025
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
BankingRBI
The RBI has cancelled the license of Ahmedabad-based Colour Merchants Co-op Bank. This action by the central bank indicates regulatory concerns or financial irregularities at the cooperative bank. The cancellation of the license means the bank is no longer authorized to conduct banking operations. This move is part of the RBI's regulatory oversight of the banking sector and its efforts to protect depositors' interests.
