The Reserve Bank of India (RBI) has revoked the licence of Jalandhar-based Imperial Urban Co-operative Bank, citing inadequate capital and earning potential. As part of the process, the bank is set for liquidation, with a liquidator to be appointed by the Punjab government. A significant majority of depositors are expected to receive their dues up to Rs 5 lakh, thanks to the Deposit Insurance and Credit Guarantee Corporation (DICGC). This closure underscores the challenges facing smaller cooperative banks struggling with financial stability and regulatory compliance.