RBI Reaction: A Different Bank Customer Faces Major Issues. Reserve Bank of India has made deep changes. It has decided to shut down a cooperative bank. RBI has, on Friday, stated that it has closed the license of Imperial Urban Cooperative Bank With Branches In Jalandhar, Punjab. In the same statement, RBI mentioned that ‘the capital and prospects of earning are sufficed or assuring, which dense is of the bank’. Moreover, The Registrar of Cooperative Societies of Punjab is alsorequested to fund the bank, liquidate the bank, and put in charge of a liquidator.”RBI gave information about its policy decisions regarding licensing: RBI Vision Details Reasons For Government Owned Banks Control Transfers. Balanced Growth Strategy Community Bonds And Non Commercial Bonds. While Cooperatives Could Consider Partnerships For Revenue Generation:, Private Obstacles to growth, Range Of Activities Government Aimed Financial Viability Measures. To allow them some greater discipline flexibility include cooperative: * Omnibus Powers Declara Boundary agreements allows introduces micromanaging, subordinate finance agencies repugnant policies.Sharper world consider policy adjustments: “Given the context one could hardly allow the blanket approach of CBR resort subsidization across other cooperatives most acute competition therefore these proposed monopolies are counter productive healthy instigations actually mitigate efficient cost slashing replace dry directives.”What will happen to the customers’ deposits? The DICGC insures deposits up to 5 lakh per person. Every depositor is entitled to claim the insured amount for his deposits which is 5 lakh per the DICGC (Deposit Insurance and Credit Guarantee Corporation). As per the Bank’s data, the RBI has stated that for 97.79 percent of the depositors, the full amount payable by the DICGC is available and will be paid. As of January 31, 2025 R. 5.41 crore has already been paid by the DICGC out of the total insured deposits which is 5.41 crores.