RBI Deregisters Cuddalore-Villupuram Co-op Employees Bank as a Co-operative Bank [Read Notification]
RBI has revoked the co-operative bank status of Cuddalore-Villupuram Employees Co-op Bank, ending its regulatory recognition under the Banking Regulation Act, 1949.
By Kavi Priya - On April 12, 2025 5:05 pm - 2 mins read
The Reserve Bank of India (RBI) has officially declared that The Cuddalore and Villupuram District Central Co-operative Bank’s Employees Cooperative Bank Ltd., based in Cuddalore, Tamil Nadu, is no longer recognized as a co-operative bank under the Banking Regulation Act, 1949. The RBI issued a notification dated March 24, 2025, exercising its powers under Section…
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