<h1>RBI Cancels License of Vishwakarma Nagari Sahakari Bank Due to Insolvency, Regulatory Violations; Depositors Protected by Insurance.</h1> The Reserve Bank of India (RBI) has canceled the license of Vishwakarma Nagari Sahakari Bank Maryadit in Aurangabad, Maharashtra, due to insolvency and regulatory violations. The bank failed to maintain required financial ratios and violated guidelines on unsecured advances and KYC/AML. Its financial position deteriorated significantly, with a negative net worth and increased non-performing assets. The bank's deposits eroded, and it defaulted on statutory liquidity requirements. The RBI's decision aims to protect depositors, who are entitled to insurance coverage up to Rs. 1 lakh under the Deposit Insurance and Credit Guarantee Corporation. Liquidation proceedings will follow.