Press Releases - Regulating Co-operative Banking - আৰবিআই - Reserve Bank of India
প্ৰেছ ৰিলিজ
নৱে 26, 2021
Cancellation of licence of Shivalik Mercantile Co-operative Bank Ltd. on its transition to Shivalik Small Finance Bank Ltd.
It is hereby notified for information of the public that the Reserve Bank of India has cancelled the licence of Shivalik Mercantile Co-operative Bank Ltd. upon its transition to Small Finance Bank as per Scheme of Voluntary Transition of Primary (Urban) Co-operative Banks (UCBs) into Small Finance Banks (SFBs) introduced by RBI vide circular reference no. DCBR.CO.LS.PCB.Cir.No.5/07.01.000/2018-19 dated September 27, 2018. Accordingly, the bank has ceased to be a “Co-o
It is hereby notified for information of the public that the Reserve Bank of India has cancelled the licence of Shivalik Mercantile Co-operative Bank Ltd. upon its transition to Small Finance Bank as per Scheme of Voluntary Transition of Primary (Urban) Co-operative Banks (UCBs) into Small Finance Banks (SFBs) introduced by RBI vide circular reference no. DCBR.CO.LS.PCB.Cir.No.5/07.01.000/2018-19 dated September 27, 2018. Accordingly, the bank has ceased to be a “Co-o
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নৱে 24, 2021
Directions under Section 35 A read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Malkapur Urban Co-operative Bank Ltd., Buldhana
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation Act, 1949, read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. DOS.CO.NSUCBs-West/D-3/S2050/12-07-005/2021-22 dated November 24,2021, has issued certain Directions to Malkapur Urban Co-operative Bank Ltd., Buldhana, whereby, as from the close of business
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation Act, 1949, read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. DOS.CO.NSUCBs-West/D-3/S2050/12-07-005/2021-22 dated November 24,2021, has issued certain Directions to Malkapur Urban Co-operative Bank Ltd., Buldhana, whereby, as from the close of business
নৱে 24, 2021
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Shri Anand Co-operative Bank Limited, Chinchwad, Pune, Maharashtra - Extension of Period
The Reserve Bank of India, vide directive DCBS.CO.BSD-I/D-16/12.22.474/2018-19 dated June 21, 2019, had placed Shri Anand Co-operative Bank Limited, Chinchwad, Pune, Maharashtra under Directions from the close of business on June 25, 2019 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to November 24, 2021. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise o
The Reserve Bank of India, vide directive DCBS.CO.BSD-I/D-16/12.22.474/2018-19 dated June 21, 2019, had placed Shri Anand Co-operative Bank Limited, Chinchwad, Pune, Maharashtra under Directions from the close of business on June 25, 2019 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to November 24, 2021. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise o
নৱে 24, 2021
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Garha Co-operative Bank Ltd., Guna, Madhya Pradesh - Extension of period
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Garha Co-operative Bank Ltd., Guna vide Directive DoS.CO.UCBs-West/D-3/12.07.005/2020-21 dated February 23, 2021, the validity of which was last extended vide Directive DOR.MON.D-30/12.27.087/2021-22 dated August 23, 2021 up to November 24, 2021. The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the perio
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Garha Co-operative Bank Ltd., Guna vide Directive DoS.CO.UCBs-West/D-3/12.07.005/2020-21 dated February 23, 2021, the validity of which was last extended vide Directive DOR.MON.D-30/12.27.087/2021-22 dated August 23, 2021 up to November 24, 2021. The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the perio
নৱে 22, 2021
The Punjab and Maharashtra Co-operative bank Ltd.: RBI announces Draft Scheme of Amalgamation
The Reserve Bank of India has today placed in public domain a draft scheme of amalgamation of The Punjab and Maharashtra Cooperative (PMC) Bank with Unity Small Finance Bank Ltd. (USFB), a banking company incorporated in India under Companies Act, 2013, and having its Registered Office in New Delhi. USFB has commenced operations with effect from November 1, 2021. PMC Bank Limited, Mumbai, Maharashtra, a Multi-State Urban Cooperative Bank, was placed under All-Inclusiv
The Reserve Bank of India has today placed in public domain a draft scheme of amalgamation of The Punjab and Maharashtra Cooperative (PMC) Bank with Unity Small Finance Bank Ltd. (USFB), a banking company incorporated in India under Companies Act, 2013, and having its Registered Office in New Delhi. USFB has commenced operations with effect from November 1, 2021. PMC Bank Limited, Mumbai, Maharashtra, a Multi-State Urban Cooperative Bank, was placed under All-Inclusiv
নৱে 22, 2021
Caution against various Co-operative societies using the word “Bank” in their names
The Banking Regulation Act, 1949 (BR Act, 1949) was amended by the Banking Regulation (Amendment) Act, 2020 (Act 39 of 2020) which came into force on September 29, 2020. Accordingly, co-operative societies cannot use the words “bank", "banker" or "banking" as part of their names, except as permitted under the provisions of BR Act, 1949 or by the Reserve Bank of India (RBI). It has come to the notice of RBI that some Co-operative Societies are using the word “Bank” in
The Banking Regulation Act, 1949 (BR Act, 1949) was amended by the Banking Regulation (Amendment) Act, 2020 (Act 39 of 2020) which came into force on September 29, 2020. Accordingly, co-operative societies cannot use the words “bank", "banker" or "banking" as part of their names, except as permitted under the provisions of BR Act, 1949 or by the Reserve Bank of India (RBI). It has come to the notice of RBI that some Co-operative Societies are using the word “Bank” in
নৱে 16, 2021
Reserve Bank of India imposes monetary penalty on Anuradha Urban Co-operative Bank Ltd., Chikhli Dist. Buldhana, Maharashtra
The Reserve Bank of India (RBl) has imposed, by an order dated November 16, 2021, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Anuradha Urban Co-operative Bank Ltd., Chikhli, Dist. Buldhana, Maharashtra (the bank) for contravention of/ non-compliance with the directions issued by RBI on Board of Directors and Exposure Norms & Statutory/ Other Restrictions-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of
The Reserve Bank of India (RBl) has imposed, by an order dated November 16, 2021, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Anuradha Urban Co-operative Bank Ltd., Chikhli, Dist. Buldhana, Maharashtra (the bank) for contravention of/ non-compliance with the directions issued by RBI on Board of Directors and Exposure Norms & Statutory/ Other Restrictions-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of
নৱে 16, 2021
RBI imposes monetary penalty on Nagrik Sahakari Bank Maryadit, Durg, Chhattisgarh
The Reserve Bank of India (RBl) has imposed, by an order dated November 16, 2021, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Nagrik Sahakari Bank Maryadit, Durg, Chhattisgarh (the bank) for contravention of/ non-compliance with the directions issued by the RBI to Urban Co-operative Banks on Exposure Norms & Statutory/ Other Restrictions-UCBs and Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI under the pr
The Reserve Bank of India (RBl) has imposed, by an order dated November 16, 2021, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Nagrik Sahakari Bank Maryadit, Durg, Chhattisgarh (the bank) for contravention of/ non-compliance with the directions issued by the RBI to Urban Co-operative Banks on Exposure Norms & Statutory/ Other Restrictions-UCBs and Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI under the pr
নৱে 12, 2021
Directions under Section 35 A read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - The Laxmi Cooperative Bank Limited, Solapur
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive DoS.Co.UCBs-West/S1910/12.07.005/2021-22 dated November 12, 2021, has issued certain Directions to The Laxmi Cooperative Bank Limited, Solapur, whereby, as from the close of business on November 12, 20
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive DoS.Co.UCBs-West/S1910/12.07.005/2021-22 dated November 12, 2021, has issued certain Directions to The Laxmi Cooperative Bank Limited, Solapur, whereby, as from the close of business on November 12, 20
নৱে 10, 2021
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949, (AACS) - Independence Co-operative Bank Ltd, Nashik, Maharashtra - Extension of period
The Reserve Bank of India, in the public interest, had issued directions to Independence Co-operative Bank Ltd., Nashik, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on February 09, 2021, the validity of which was up to November 10, 2021. These directions shall continue to apply to the bank for a further period of two months from November
The Reserve Bank of India, in the public interest, had issued directions to Independence Co-operative Bank Ltd., Nashik, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on February 09, 2021, the validity of which was up to November 10, 2021. These directions shall continue to apply to the bank for a further period of two months from November
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