#banking-crisis
HDFC episode exposes something more consequential than its own alleged wrongdoing
A bank with nearly 12 crore account holders and assets approaching Rs 40 lakh crore is no ordinary entity. It sits at the centre of India’s financial architecture
RBI cancels licence of Mumbai-based Sarvodaya Co-operative Bank
The Reserve Bank of India has made the tough call to withdraw the license of Sarvodaya Co-operative Bank, a decision rooted in the bank's failing capital and declining revenue capabilities. As of May 12, 2026, all banking activities will halt. In a bid to pro…