RBI Deregisters Cuddalore-Villupuram Co-op Employees Bank as a Co-operative Bank

The RBI (Reserve Bank of India) has deregistered the Cuddalore Villupuram Co-operative Employees Bank, effectively ceasing its operations as a co-operative bank. This action by the central bank likely followed regulatory non-compliance or financial instability concerns. Deregistration implies that the bank will no longer be authorized to carry out banking activities under the co-operative banking framework, impacting its members and operations.