<h1>RBI Cancels License of Vaishali Urban Co-op Bank, Jaipur, Due to Insolvency and Regulatory Non-Compliance; Liquidation Ordered.</h1> The Reserve Bank of India has canceled the license of Vaishali Urban Co-operative Bank Ltd., Jaipur, due to insolvency and failure to revive operations, causing inconvenience to depositors. The bank's financial health deteriorated significantly, with severe deposit erosion and non-compliance with regulatory provisions. Following inspections revealing irregularities and fraud, the bank's management was replaced, but no improvements were made. Consequently, the Registrar of Co-operative Societies, Rajasthan, has been asked to wind up the bank and appoint a liquidator. Depositors are entitled to insurance coverage up to Rs. 1,00,000 under the Deposit Insurance Scheme.