Banking and monetary regulator Reserve Bank of India has taken away the banking license from yet another cooperative bank; the name this time being Andhra based Tandur Mahila Cooperative Bank.

After seeing no further scope of revival for the bank, the central bank finally went ahead to take this decision.

A corresponding order has been passed to the registrar of cooperative societies of the state that the relevant processes related to the winding up of the bank be carried out accordingly.

All depositors will receive repayment upto Rs 1 lakh following the liquidation process from the Deposit Insurance and Credit Guarantee Corporation (DICGC), the apex bank said through a notification.

The bank had received license to bank on June 21, 2000.