India, Oct. 7 -- The Reserve Bank of India (RBI), vide order dated October 06, 2025, has cancelled the licence of "Jijamata Mahila Sahakari Bank Ltd., Satara, Maharashtra." The banking licence of the bank was earlier cancelled vide order dated June 30, 2016 and was restored on October 23, 2019 on an appeal made by the bank. The Appellate Authority, which allowed the appeal, directed that a forensic audit of the bank be conducted for the FY 2013-14 to assess the financial position. RBI appointed a forensic auditor, but the audit could not be completed due to the non-cooperation of the bank. Meanwhile, the financial position of the bank continued to deteriorate as assessed by RBI.The Reserve Bank has therefore cancelled the licence of the ban...