Press Releases - Regulating Co-operative Banking - RBI - Reserve Bank of India
Press Releases
Jan 01, 2015
RBI extends Directions on The Suri Friends’ Union Cooperative Bank Limited, Suri, West Bengal
The Reserve Bank of India has extended Directions issued to The Suri Friends’ Union Cooperative Bank Limited, Suri, West Bengal. The directions will continue to apply to the bank for a further period of six months from January 07, 2015 to July 06, 2015, subject to review. The Reserve Bank had initially placed the bank under directions for six months w.e.f. April 7, 2014 due to its very precarious financial position and the validity of which was subsequently extended o
The Reserve Bank of India has extended Directions issued to The Suri Friends’ Union Cooperative Bank Limited, Suri, West Bengal. The directions will continue to apply to the bank for a further period of six months from January 07, 2015 to July 06, 2015, subject to review. The Reserve Bank had initially placed the bank under directions for six months w.e.f. April 7, 2014 due to its very precarious financial position and the validity of which was subsequently extended o
PDF (
Dec 24, 2014
RBI imposes penalty on Rajputana Mahila Urban Co-operative Bank Limited, Jaipur
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on Rajputana Mahila Urban Co-operative Bank Limited, Jaipur in exercise of powers vested in it under the provisions of Section 47(A) (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of the provisions of RBI guidelines on Know Your Customers (KYC) norms and Anti Money Laundering (AML) and exposure to
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on Rajputana Mahila Urban Co-operative Bank Limited, Jaipur in exercise of powers vested in it under the provisions of Section 47(A) (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of the provisions of RBI guidelines on Know Your Customers (KYC) norms and Anti Money Laundering (AML) and exposure to
Dec 17, 2014
RBI imposes monetary penalty on two banks; cautions three banks for violating KYC/AML Instructions
The Reserve Bank of India has imposed monetary penalty on the following two banks for violation of its instructions, among other things, on know your customer/anti money laundering Know Your Customer(KYC)/Anti Money Laundering (AML). The details of the penalty are: Sl. No. Name of the bank Penalty Amount (in ` mn) 1 ICICI Bank Ltd. 5.00 2 Bank of Baroda 2.50 The penalties have been imposed in exercise of powers vested in the Reserve Bank under the provisions of Sectio
The Reserve Bank of India has imposed monetary penalty on the following two banks for violation of its instructions, among other things, on know your customer/anti money laundering Know Your Customer(KYC)/Anti Money Laundering (AML). The details of the penalty are: Sl. No. Name of the bank Penalty Amount (in ` mn) 1 ICICI Bank Ltd. 5.00 2 Bank of Baroda 2.50 The penalties have been imposed in exercise of powers vested in the Reserve Bank under the provisions of Sectio
Dec 11, 2014
RBI extends Directions issued to Indian Mercantile Co-operative Bank Ltd., Lucknow, Uttar Pradesh till June 11, 2015
The Reserve Bank of India has extended Directions issued to Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of six months from December 12, 2014 to June 11, 2015, subject to review. The bank was under directions since June 12, 2014. According to the Directions, Indian Mercantile Co-operative Bank Ltd., Lucknow cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any li
The Reserve Bank of India has extended Directions issued to Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of six months from December 12, 2014 to June 11, 2015, subject to review. The bank was under directions since June 12, 2014. According to the Directions, Indian Mercantile Co-operative Bank Ltd., Lucknow cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any li
Dec 09, 2014
RBI cancels Certificate of Registration
The Reserve Bank of India have cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934 as the companies have opted to exit from the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. Rajasthan State Industrial
The Reserve Bank of India have cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934 as the companies have opted to exit from the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. Rajasthan State Industrial
Dec 04, 2014
RBI extends Directions on Rupee Co-operative Bank Ltd., Pune
The Reserve Bank of India has issued certain Directions to Rupee Co-operative Bank Ltd., Pune. The directive shall continue to apply for a further period of six months from November 22, 2014 to May 21, 2015, subject to review. The bank was under directions since February 22, 2013 According to the Directions, Rupee Co-operative Bank cannot, from the close of business on February 22, 2013 and without prior approval of the Reserve Bank in writing grant or renew any loans
The Reserve Bank of India has issued certain Directions to Rupee Co-operative Bank Ltd., Pune. The directive shall continue to apply for a further period of six months from November 22, 2014 to May 21, 2015, subject to review. The bank was under directions since February 22, 2013 According to the Directions, Rupee Co-operative Bank cannot, from the close of business on February 22, 2013 and without prior approval of the Reserve Bank in writing grant or renew any loans
Nov 28, 2014
RBI extends Directions issued to United Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh till February 28, 2015
The Reserve Bank of India has extended Directions issued to United Commercial Co-operative Bank Ltd., Kanpur for a further period of three months from December 1, 2014 to February 28, 2015, subject to review. The bank was under directions since June 1, 2013. According to the Directions, United Commercial Co-operative Bank Ltd., Kanpur cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any
The Reserve Bank of India has extended Directions issued to United Commercial Co-operative Bank Ltd., Kanpur for a further period of three months from December 1, 2014 to February 28, 2015, subject to review. The bank was under directions since June 1, 2013. According to the Directions, United Commercial Co-operative Bank Ltd., Kanpur cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any
Nov 26, 2014
RBI extends Directions issued to Shri Swami Samarth Urban Cooperative Bank Ltd., Naldurg (Osmanabad), Maharashtra till February 13, 2015
The Reserve Bank of India has extended Directions issued to Shri Swami Samarth Urban Cooperative Bank Ltd., Naldurg (Osmanabad), Maharashtra for a further period of three months from November 14, 2014 to February 13, 2015, subject to review. The bank was under directions since November 14, 2013. According to the Directions, Shri Swami Samarth Urban Cooperative Bank Ltd., cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and adva
The Reserve Bank of India has extended Directions issued to Shri Swami Samarth Urban Cooperative Bank Ltd., Naldurg (Osmanabad), Maharashtra for a further period of three months from November 14, 2014 to February 13, 2015, subject to review. The bank was under directions since November 14, 2013. According to the Directions, Shri Swami Samarth Urban Cooperative Bank Ltd., cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and adva
Nov 26, 2014
RBI extends Directions issued to Vitthal Nagari Sahakari Bank Ltd., Latur, Maharashtra till May 14, 2015
The Reserve Bank of India has extended Directions issued to Vitthal Nagari Sahakari Bank Ltd., Latur Maharashtra for a further period of six months from November 15, 2014 to May 14, 2015, subject to review. The bank was under directions since November 15, 2013. According to the Directions, Vitthal Nagari Sahakari Bank Ltd., Latur cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any liabi
The Reserve Bank of India has extended Directions issued to Vitthal Nagari Sahakari Bank Ltd., Latur Maharashtra for a further period of six months from November 15, 2014 to May 14, 2015, subject to review. The bank was under directions since November 15, 2013. According to the Directions, Vitthal Nagari Sahakari Bank Ltd., Latur cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any liabi
Nov 24, 2014
RBI extends Directions issued to Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad, Maharashtra till May 03, 2015
The Reserve Bank of India has extended Directions issued to Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad for a further period of six months from November 04, 2014 to May 03, 2015, subject to review. The bank was under directions since May 2012. According to the Directions, Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment,
The Reserve Bank of India has extended Directions issued to Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad for a further period of six months from November 04, 2014 to May 03, 2015, subject to review. The bank was under directions since May 2012. According to the Directions, Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment,
Install the RBI mobile application and get quick access to the latest news!
Page Last Updated on: July 23, 2024
