RBI revoked Sarvodaya Co‑operative Bank Ltd.’s licence on May 12 2026 due to inadequate capital and regulatory non‑compliance.
The bank must cease all banking activities immediately, including deposit acceptance and repayment, effective close of business on the same day.
Depositors are covered up to ₹5 lakh each; 98.36% eligible for full DICGC claim, with ₹26.72 cr already paid by March 31 2026.