<h1>RBI Revokes License of Shri Siddhi Vinayak Nagari Sahakari Bank in Maharashtra Due to Insolvency and Regulatory Violations.</h1> The Reserve Bank of India (RBI) revoked the banking license of Shri Siddhi Vinayak Nagari Sahakari Bank Ltd. in Maharashtra due to insolvency and failed revival efforts. The bank's financial health had severely deteriorated, with significant non-performing assets, fraudulent activities, and regulatory violations. The bank's net worth and capital adequacy ratio were negative, indicating an inability to meet depositor obligations. The Registrar of Co-operative Societies, Maharashtra, was asked to initiate liquidation proceedings. Depositors are entitled to insurance coverage up to Rs. 1 lakh under the Deposit Insurance and Credit Guarantee Corporation. The bank is prohibited from conducting any banking operations.