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<h1>RBI Revokes Cooperative Bank License Due to Financial Instability, Protecting Depositors with Insurance Claim Coverage</h1> The Reserve Bank of India canceled the license of a Lucknow-based cooperative bank due to inadequate capital and poor earning prospects. The bank will cease operations effective immediately. Most depositors (98.69%) will receive up to Rs 5 lakh in insurance claims. The RBI determined the bank's continuation would harm depositor interests and public financial stability, prohibiting further banking activities.