<h1>RBI Revokes Maharashtra Cooperative Bank License Due to Insolvency and Violations; Liquidation Begins, Depositors Assured Protection.</h1> The Reserve Bank of India (RBI) has revoked the license of a cooperative bank in Maharashtra due to insolvency and failed revival efforts. The bank, facing severe financial deterioration with high non-performing assets and accumulated losses, had violated several RBI directives. Despite attempts at merger and restructuring, the bank's financial position worsened, leading to the cancellation of its license effective June 14, 2014. The bank is now prohibited from conducting banking operations, and liquidation proceedings have commenced. Depositors are assured repayment up to Rs.1,00,000 under the Deposit Insurance and Credit Guarantee Corporation scheme.