Press Releases - Regulating Co-operative Banking - RBI - Reserve Bank of India
Press Releases
Jun 22, 2009
Reserve Bank Cancels the Licence of The Akot Urban Co-operative Bank Ltd., Akot. (Maharashtra)
In view of the fact that The Akot Urban Co-operative Bank Ltd., Akot, (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra 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 June 20, 2009. The Registrar of Co-operative Societies, Maharashtra has al
In view of the fact that The Akot Urban Co-operative Bank Ltd., Akot, (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra 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 June 20, 2009. The Registrar of Co-operative Societies, Maharashtra has al
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May 29, 2009
Reserve Bank Cancels the Licence of Citizen Co-operative Bank Ltd., Burhanpur
In view of the fact that Citizen Co-operative Bank Ltd., Burhanpur, (M.P), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Madhya Pradesh 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 May 27, 2009. The Registrar of Co-operative Societies, Madhya Pradesh State has also been re
In view of the fact that Citizen Co-operative Bank Ltd., Burhanpur, (M.P), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Madhya Pradesh 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 May 27, 2009. The Registrar of Co-operative Societies, Madhya Pradesh State has also been re
Apr 20, 2009
Reserve Bank Cancels the Licence of Yashwant Urban Co-operative Bank Ltd., Parbhani, (Maharashtra)
In view of the fact that Yashwant Urban Co-operative Bank Ltd., Parbhani, (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra 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 April 18, 2009. The Registrar of Co-operative Societies, Maharashtra h
In view of the fact that Yashwant Urban Co-operative Bank Ltd., Parbhani, (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra 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 April 18, 2009. The Registrar of Co-operative Societies, Maharashtra h
Mar 09, 2009
Reserve Bank Cancels the Licence of Deendayal Nagrik Sahakari Bank Maryadit, Khandwa, (M.P)
In view of the fact that Deendayal Nagrik Sahakari Bank Maryadit, Khandwa, (M.P) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Madhya Pradesh 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 March 4, 2009. The Registrar of Co-operative Societies, Madhya Pradesh State has also
In view of the fact that Deendayal Nagrik Sahakari Bank Maryadit, Khandwa, (M.P) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Madhya Pradesh 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 March 4, 2009. The Registrar of Co-operative Societies, Madhya Pradesh State has also
Mar 05, 2009
Reserve Bank Cancels the Licence of The Haliyal Urban Co-operative Bank Ltd., Haliyal, Karnataka
In view of the fact that The Haliyal, Urban Co-operative Bank Ltd., Haliyal, Karnataka had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order rejecting its licence application to the bank after the close of business on February 26, 2009. The Registrar of Co-operative Societies, Karnataka has
In view of the fact that The Haliyal, Urban Co-operative Bank Ltd., Haliyal, Karnataka had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order rejecting its licence application to the bank after the close of business on February 26, 2009. The Registrar of Co-operative Societies, Karnataka has
Mar 03, 2009
Mapusa Urban Co-operative Bank of Goa Ltd., Mapusa, Goa - Penalised
The Reserve Bank of India has imposed a monetary penalty of Rs.5.00 lakh (Rupees Five Lakh only) on Mapusa Urban Co-operative Bank of Goa Ltd., Mapusa, Goa in exercise of powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of the Reserve Bank of India's directives relating to maximum limits on unsecured advances and directions on lending operat
The Reserve Bank of India has imposed a monetary penalty of Rs.5.00 lakh (Rupees Five Lakh only) on Mapusa Urban Co-operative Bank of Goa Ltd., Mapusa, Goa in exercise of powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of the Reserve Bank of India's directives relating to maximum limits on unsecured advances and directions on lending operat
Mar 02, 2009
Shahada Peoples Co-operative Bank Ltd., Near Dondaicha Road, Shahada, District Nandurbar - Penalised
The Reserve Bank of India has imposed a monetary penalty of Rs.1.00 lakh (Rupees One Lakh only) on Shahada Peoples Co-operative Bank Ltd., Near Dondaicha Road, Shahada, District Nandurbar in exercise of powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of the Reserve Bank of India's directives/guidelines. The bank had exceeded individual expo
The Reserve Bank of India has imposed a monetary penalty of Rs.1.00 lakh (Rupees One Lakh only) on Shahada Peoples Co-operative Bank Ltd., Near Dondaicha Road, Shahada, District Nandurbar in exercise of powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of the Reserve Bank of India's directives/guidelines. The bank had exceeded individual expo
Feb 25, 2009
Reserve Bank Cancels the Licence of Suvarna Nagari Sahakari Bank Ltd., Parbhani
In view of the fact that Suvarna Nagari Sahakari Bank Ltd., Parbhani, (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra 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 20, 2009 The Registrar of Co-operative Societies, Maharashtra has
In view of the fact that Suvarna Nagari Sahakari Bank Ltd., Parbhani, (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra 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 20, 2009 The Registrar of Co-operative Societies, Maharashtra has
Feb 24, 2009
Reserve Bank Cancels the Licence of Indira Sahakari Bank Ltd., Dhule, Maharashtra
In view of the fact that Indira Sahakari Bank Ltd., 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 cancelling its licence to the bank after the close of business on February 17, 2009. The Registrar of Co-operative Societies, Maharashtra has also been requested to
In view of the fact that Indira Sahakari Bank Ltd., 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 cancelling its licence to the bank after the close of business on February 17, 2009. The Registrar of Co-operative Societies, Maharashtra has also been requested to
Feb 04, 2009
RBI cancels Licence of Ajit Sahakari Bank Limited, Pune
In view of the fact that Ajit Sahakari Bank Limited, Pune, 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 28, 2009. The Registrar of Co-operative Societies, Maharashtra has also been requested to
In view of the fact that Ajit Sahakari Bank Limited, Pune, 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 28, 2009. The Registrar of Co-operative Societies, Maharashtra has also been requested to
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