Press Releases - Regulating Co-operative Banking - RBI - Reserve Bank of India
Press Releases
Aug 30, 2023
Extension of validity of Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (As Application to Co-operative Societies) - Banaras Merchantile Co-operative Bank Ltd., Varanasi (U.P)
The Reserve Bank of India, vide Directive LKO.DOS.SED.No.S850/10-03-030/2022-2023 dated March 02, 2023, issued under section 35A read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), had placed the Banaras Merchantile Co-operative Bank Ltd., Varanasi (U.P) under Directions from the close of business on March 03, 2023. The validity of the Directions was up to September 03, 2023. 2. It is hereby notified for the information
The Reserve Bank of India, vide Directive LKO.DOS.SED.No.S850/10-03-030/2022-2023 dated March 02, 2023, issued under section 35A read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), had placed the Banaras Merchantile Co-operative Bank Ltd., Varanasi (U.P) under Directions from the close of business on March 03, 2023. The validity of the Directions was up to September 03, 2023. 2. It is hereby notified for the information
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Aug 29, 2023
Directions under Section 35 A read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – Purvanchal Co-operative Bank Limited, Ghazipur
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. LKO.DoS.SED.No.S-381/10.12.359/2023-24 dated August 28, 2023, has issued certain Directions to Purvanchal Co-operative Bank Limited, Ghazipur, whereby, as from the close of business on August
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. LKO.DoS.SED.No.S-381/10.12.359/2023-24 dated August 28, 2023, has issued certain Directions to Purvanchal Co-operative Bank Limited, Ghazipur, whereby, as from the close of business on August
Aug 29, 2023
Directions under Section 35 A read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – Ajantha Urban Co-operative Bank Maryadit, Aurangabad
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. NGP.DoS.SSM 3.No.S675/15.03.302/2023-2024 dated August 28, 2023, has issued certain Directions to Ajantha Urban Co-operative Bank Maryadit, Aurangabad, 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. NGP.DoS.SSM 3.No.S675/15.03.302/2023-2024 dated August 28, 2023, has issued certain Directions to Ajantha Urban Co-operative Bank Maryadit, Aurangabad, whereby, as from the close of business
Aug 25, 2023
RBI approves the voluntary amalgamation of Akola Merchant Co-operative Bank Ltd., Akola (Maharashtra) with The Jalgaon Peoples Co-operative Bank Ltd., Jalgaon (Maharashtra)
The Reserve Bank of India has sanctioned the Scheme of Amalgamation of Akola Merchant Co-operative Bank Ltd., Akola, Maharashtra with The Jalgaon Peoples Co-operative Bank Ltd., Jalgaon, Maharashtra. The Scheme has been sanctioned in exercise of the powers conferred under Sub-Section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949. The Scheme will come into force with effect from August 28, 2023. The branches of Akola Merchant Co-operative
The Reserve Bank of India has sanctioned the Scheme of Amalgamation of Akola Merchant Co-operative Bank Ltd., Akola, Maharashtra with The Jalgaon Peoples Co-operative Bank Ltd., Jalgaon, Maharashtra. The Scheme has been sanctioned in exercise of the powers conferred under Sub-Section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949. The Scheme will come into force with effect from August 28, 2023. The branches of Akola Merchant Co-operative
Aug 24, 2023
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Adarsh Mahila Nagari Sahakari Bank Maryadit, Aurangabad, Maharashtra – Extension of Period
The Reserve Bank of India issued Directions to Adarsh Mahila Nagari Sahakari Bank Maryadit, Aurangabad, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive NGP.DOS.SSM 3.No.S1391/15-04-301/2022-23 dated February 23, 2023, for a period of six months up to August 24, 2023. 2. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyo
The Reserve Bank of India issued Directions to Adarsh Mahila Nagari Sahakari Bank Maryadit, Aurangabad, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive NGP.DOS.SSM 3.No.S1391/15-04-301/2022-23 dated February 23, 2023, for a period of six months up to August 24, 2023. 2. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyo
Aug 23, 2023
Directions under Section 35A read with Section 56 of the BR Act 1949 (AACS) - Thodupuzha Urban Co-operative Bank Ltd, Kerala - Extension of period
The Reserve Bank of India issued Directions to Thodupuzha Urban Co-operative Urban Bank Ltd, Kerala under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS), vide Directive No. CO.DOS.SED.No.S3361/12.07.005/2022-23 dated August 23, 2022, from close of business on August 23, 2022, for a period of six months, which were extended from time to time, last being up to August 23, 2023, vide Directive No. DOR.MON.D-25/12.16.051/2023-24 dated May 23, 2
The Reserve Bank of India issued Directions to Thodupuzha Urban Co-operative Urban Bank Ltd, Kerala under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS), vide Directive No. CO.DOS.SED.No.S3361/12.07.005/2022-23 dated August 23, 2022, from close of business on August 23, 2022, for a period of six months, which were extended from time to time, last being up to August 23, 2023, vide Directive No. DOR.MON.D-25/12.16.051/2023-24 dated May 23, 2
Aug 22, 2023
RBI approves the voluntary amalgamation of Twin Cities Co-operative Urban Bank Ltd., Hyderabad (Telangana) with Kranti Co-operative Urban Bank Ltd., Hyderabad (Telangana)
The Reserve Bank of India has sanctioned the Scheme of Amalgamation of Twin Cities Co-operative Urban Bank Ltd., Hyderabad, Telangana with Kranti Co-operative Urban Bank Ltd., Hyderabad, Telangana. The Scheme has been sanctioned in exercise of the powers conferred under Sub-Section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949. The Scheme will come into force with effect from August 23, 2023. The branch of Twin Cities Co-operative Urban B
The Reserve Bank of India has sanctioned the Scheme of Amalgamation of Twin Cities Co-operative Urban Bank Ltd., Hyderabad, Telangana with Kranti Co-operative Urban Bank Ltd., Hyderabad, Telangana. The Scheme has been sanctioned in exercise of the powers conferred under Sub-Section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949. The Scheme will come into force with effect from August 23, 2023. The branch of Twin Cities Co-operative Urban B
Aug 22, 2023
Extension of validity of Directions under Section 35A read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - HCBL Co-operative Bank Ltd., Lucknow (U.P.)
The Reserve Bank of India, vide Directive LKO.DOS.SED.No.S842/10-12-133/2022-2023 dated February 23, 2023 issued under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS), had placed the HCBL Co-operative Bank Ltd., Lucknow (U.P.) under Directions from the close of business on February 24, 2023. The validity of the Directions was up to August 24, 2023. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, i
The Reserve Bank of India, vide Directive LKO.DOS.SED.No.S842/10-12-133/2022-2023 dated February 23, 2023 issued under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS), had placed the HCBL Co-operative Bank Ltd., Lucknow (U.P.) under Directions from the close of business on February 24, 2023. The validity of the Directions was up to August 24, 2023. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, i
Aug 17, 2023
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Limited, Nashik, Maharashtra – Extension of Period
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Limited, Nashik, Maharashtra vide Directive DCBS.CO.BSD-I/D-7/12.22.395/2017-18 dated May 18, 2018, for a period of six months up to November 18, 2018 as modified from time to time, which were last extended up to August 17, 2023 vide Directive DOR.MON.D-24/12.22.395/2023-24 dated May 16, 2023. T
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Limited, Nashik, Maharashtra vide Directive DCBS.CO.BSD-I/D-7/12.22.395/2017-18 dated May 18, 2018, for a period of six months up to November 18, 2018 as modified from time to time, which were last extended up to August 17, 2023 vide Directive DOR.MON.D-24/12.22.395/2023-24 dated May 16, 2023. T
Aug 17, 2023
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Uravakonda Co-operative Town Bank Ltd., Uravakonda (Anantapaur District) – Extension of Period
It is hereby informed that the Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Uravakonda Co-operative Town Bank Ltd., Uravakonda (Anantapaur District) vide Directive No. AP.DOS.INSP1.No.S89/03-02-097/2022-2023 dated February 23, 2023, for a period of six months upto August 24, 2023. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of o
It is hereby informed that the Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Uravakonda Co-operative Town Bank Ltd., Uravakonda (Anantapaur District) vide Directive No. AP.DOS.INSP1.No.S89/03-02-097/2022-2023 dated February 23, 2023, for a period of six months upto August 24, 2023. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of o
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