Press Releases - Regulating Co-operative Banking - RBI - Reserve Bank of India
Press Releases
Feb 25, 2010
The Bank of Rajasthan Ltd. - Penalised
The Reserve Bank of India has imposed a monetary penalty of Rs.25.00 lakh (Rupees Twenty Five Lakh only) on The Bank of Rajasthan Ltd. in exercise of powers vested in it under the provisions of Section 47A(1)(b) of the Banking Regulation Act, 1949. The penalty is levied for (i) violation of the Reserve Bank of India's directions issued under Section 35A of the Banking Regulation Act, 1949 in the area of acquisition of immovable properties, (ii) deletion of records in
The Reserve Bank of India has imposed a monetary penalty of Rs.25.00 lakh (Rupees Twenty Five Lakh only) on The Bank of Rajasthan Ltd. in exercise of powers vested in it under the provisions of Section 47A(1)(b) of the Banking Regulation Act, 1949. The penalty is levied for (i) violation of the Reserve Bank of India's directions issued under Section 35A of the Banking Regulation Act, 1949 in the area of acquisition of immovable properties, (ii) deletion of records in
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Feb 23, 2010
Reserve Bank Cancels the Licence of Ichalkaranji Urban Co-operative Bank Ltd., Ichalkaranji, Kolhapur, Maharashtra
In view of the fact that Ichalkaranji Urban Co-operative Bank Ltd., Ichalkaranji, Kolhapur, Maharashtra had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank after the close of business on February 11, 2010. The Registrar of Co-operative Societies, Mahara
In view of the fact that Ichalkaranji Urban Co-operative Bank Ltd., Ichalkaranji, Kolhapur, Maharashtra had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank after the close of business on February 11, 2010. The Registrar of Co-operative Societies, Mahara
Feb 16, 2010
Reserve Bank Cancels the Licence of the Chadchan Shree Sangameshwar Urban Co-operative Bank Ltd., Chadchan, Karnataka
In view of the fact that the Chadchan Shree Sangameshwar Urban Co-operative Bank Ltd., Chadchan (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on February 13, 2010. The Registrar of Co-operative Soci
In view of the fact that the Chadchan Shree Sangameshwar Urban Co-operative Bank Ltd., Chadchan (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on February 13, 2010. The Registrar of Co-operative Soci
Feb 10, 2010
RBI Releases Draft Circular on Base Rate for Banks
The Reserve Bank of India today released on its website, Draft Circular on the Base Rate system for comments and feedback. Comments/feedback on the proposals contained in the draft circular may please be sent by February 17, 2010 by email or by fax to 022-22610430 or to the Adviser-in-Charge, Monetary Policy Department, Reserve Bank of India, Central Office Building, 24th Floor, S.B. Singh Marg, Mumbai-400001. It may be recalled that the Reserve Bank had constituted a
The Reserve Bank of India today released on its website, Draft Circular on the Base Rate system for comments and feedback. Comments/feedback on the proposals contained in the draft circular may please be sent by February 17, 2010 by email or by fax to 022-22610430 or to the Adviser-in-Charge, Monetary Policy Department, Reserve Bank of India, Central Office Building, 24th Floor, S.B. Singh Marg, Mumbai-400001. It may be recalled that the Reserve Bank had constituted a
Feb 10, 2010
Reserve Bank Rejects application for Licence of Rajwade Mandal Peoples' Co- operative Bank Ltd., Dhule, District Dhule, Maharashtra
In view of the fact that The Rajwade Mandal People's Co-operative Bank Ltd., Dhule, District Dhule, Maharashtra had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order of rejecting application for licence to the bank after the close of business on 27 January, 2010. The Registrar of Co-operat
In view of the fact that The Rajwade Mandal People's Co-operative Bank Ltd., Dhule, District Dhule, Maharashtra had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order of rejecting application for licence to the bank after the close of business on 27 January, 2010. The Registrar of Co-operat
Feb 04, 2010
Reserve Bank Cancels the Licence of the Raichur Zilla Mahila Pattana Sahakara Bank Niyamitha, Raichur, Karnataka
In view of the fact that the Raichur Zilla Mahila Pattana Sahakara Bank Niyamitha, Raichur (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on January 29, 2010. The Registrar of Co-operative Societies,
In view of the fact that the Raichur Zilla Mahila Pattana Sahakara Bank Niyamitha, Raichur (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on January 29, 2010. The Registrar of Co-operative Societies,
Jan 11, 2010
Reserve Bank Cancels the Licence of The Ahmedabad Peoples’ Co-operative Bank Ltd., Ahmedabad (Gujarat)
In view of the fact that The Ahmedabad Peoples’ Co-operative Bank Ltd., Ahmedabad (Gujarat), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank after the close of business on January 08, 2010. The Registrar of Co-operative Societies, Gujarat has also been
In view of the fact that The Ahmedabad Peoples’ Co-operative Bank Ltd., Ahmedabad (Gujarat), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank after the close of business on January 08, 2010. The Registrar of Co-operative Societies, Gujarat has also been
Jan 11, 2010
Reserve Bank Cancels the Licence of Shri Laxmi Sahakari Bank Ltd., Sangamnagar (Khed),Satara.
In view of the fact that Shri Laxmi Sahakari Bank Ltd., Sangamnagar (Khed), Satara, (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank after the close of business on January 5, 2010. The Registrar of Co-operative Societies, Maharashtra St
In view of the fact that Shri Laxmi Sahakari Bank Ltd., Sangamnagar (Khed), Satara, (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank after the close of business on January 5, 2010. The Registrar of Co-operative Societies, Maharashtra St
Jan 08, 2010
Reserve Bank Cancels the Licence of Shree Sinnar Vyapari Sahakari Bank Ltd., Sinnar (Maharashtra)
In view of the fact that Shree Sinnar Vyapari Sahakari Bank Ltd., Sinnar (Maharashtra), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank after the close of business on December 31, 2009. The Registrar of Co-operative Societies, Maharashtra State has
In view of the fact that Shree Sinnar Vyapari Sahakari Bank Ltd., Sinnar (Maharashtra), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank after the close of business on December 31, 2009. The Registrar of Co-operative Societies, Maharashtra State has
Jan 04, 2010
Reserve Bank Cancels the Licence of The Cambay Hindu Merchants Co-operative Bank Ltd., Khambhat (Gujarat)
In view of the fact that The Cambay Hindu Merchants Co-operative Bank Ltd., Khambhat (Gujarat), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank after the close of business on December 30, 2009. The Registrar of Co-operative Societies, Gujarat has also b
In view of the fact that The Cambay Hindu Merchants Co-operative Bank Ltd., Khambhat (Gujarat), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank after the close of business on December 30, 2009. The Registrar of Co-operative Societies, Gujarat has also b
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