![The license of Mapusa Urban Co-operative Bank of Goa Ltd canceled Mapusa Urban Co-operative Bank of Goa Ltd.](https://focusmerit.com/wp-content/uploads/2020/04/mapusa-urban-co-operative-bank-of-Goa-Ltd.-300x158.jpg)
- The license of Mapusa Urban Co-operative Bank of Goa Ltd. has been canceled by the Reserve Bank of India.
- Due to cancellation of license, bank will not be allowed to carry out banking activities like accepting the deposit, issuing loans, etc as defined in Section 5(b) under Section 56 of the Banking Regulations Act, 1949