Press Releases - Regulating Co-operative Banking - RBI - Reserve Bank of India
Press Releases
Jul 28, 2023
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati, Maharashtra – Extension of Period
The Reserve Bank of India issued Directions to The Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive No.CO.DOS.SED.No.S2698/12-07-005/2022-2023 dated July 27, 2022 for a period of six months up to January 28, 2023, as modified from time to time, which were last extended up to July 28, 2023 vide Directive DOR.MON.D-20/12.22.603/2023-24 dated April 27, 2023. 2. The R
The Reserve Bank of India issued Directions to The Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive No.CO.DOS.SED.No.S2698/12-07-005/2022-2023 dated July 27, 2022 for a period of six months up to January 28, 2023, as modified from time to time, which were last extended up to July 28, 2023 vide Directive DOR.MON.D-20/12.22.603/2023-24 dated April 27, 2023. 2. The R
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Jul 27, 2023
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Durga Co-operative Urban Bank Ltd., Vijayawada – 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 Durga Co-operative Urban Bank Ltd., Vijayawada vide Directive No. HYD.DOS.INSP4.No.S241/15-36-070/2022-2023 dated July 28, 2022 for a period of six months upto January 29, 2023 as modified from time to time, which were last extended upto July 29, 2023 vide Directive No. DOR.MON/D-15/12.24.020/2023-24 dated April 26, 2023.
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 Durga Co-operative Urban Bank Ltd., Vijayawada vide Directive No. HYD.DOS.INSP4.No.S241/15-36-070/2022-2023 dated July 28, 2022 for a period of six months upto January 29, 2023 as modified from time to time, which were last extended upto July 29, 2023 vide Directive No. DOR.MON/D-15/12.24.020/2023-24 dated April 26, 2023.
Jul 26, 2023
Extension of validity of Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Indian Mercantile Co-operative Bank Ltd., Lucknow (U.P)
The Reserve Bank of India, vide Directive DOS.CO.OCCD/185569/12.28.007/2021-22 dated January 28, 2022, had placed the Indian Mercantile Co-operative Bank Ltd., Lucknow (U.P) under Directions from the close of business on January 28, 2022. The validity of the Directions was extended from time-to-time, the last being up to July 27, 2023. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under s
The Reserve Bank of India, vide Directive DOS.CO.OCCD/185569/12.28.007/2021-22 dated January 28, 2022, had placed the Indian Mercantile Co-operative Bank Ltd., Lucknow (U.P) under Directions from the close of business on January 28, 2022. The validity of the Directions was extended from time-to-time, the last being up to July 27, 2023. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under s
Jul 24, 2023
Directions under Section 35A read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – The National Co-operative Bank Ltd., Bangalore
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 BLR.DOS.SSMS.No.S836/09-01-112/2023-2024 dated July 24, 2023, has issued certain Directions to The National Co-operative Bank Ltd., Bangalore, whereby, as from the close of business on July 24
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 BLR.DOS.SSMS.No.S836/09-01-112/2023-2024 dated July 24, 2023, has issued certain Directions to The National Co-operative Bank Ltd., Bangalore, whereby, as from the close of business on July 24
Jul 21, 2023
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949–Saibaba Janata Sahakari Bank Limited, Latur, Maharashtra – Extension of Period
The Reserve Bank of India issued Directions to Saibaba Janata Sahakari Bank Limited, Latur, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive CO.DOS.SED.No.S2598/12-07-005/2022-2023 dated July 21, 2022, for a period of six months up to January 22, 2023, as modified from time to time, which was last extended up to July 22, 2023 vide Directive DOR.MON.D-07/12.22.705/2023-24 dated April 18, 2023. 2. The Reserve Bank of
The Reserve Bank of India issued Directions to Saibaba Janata Sahakari Bank Limited, Latur, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive CO.DOS.SED.No.S2598/12-07-005/2022-2023 dated July 21, 2022, for a period of six months up to January 22, 2023, as modified from time to time, which was last extended up to July 22, 2023 vide Directive DOR.MON.D-07/12.22.705/2023-24 dated April 18, 2023. 2. The Reserve Bank of
Jul 21, 2023
Extension of validity of Directions under Section 35 A read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – The Suri Friends’ Union Co-operative Bank Ltd, Suri, West Bengal
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Suri Friends' Union Co-operative Bank Limited, Suri (West Bengal) vide Directive No. CO. DOS. SED. No. S-2574/12-07-005/2O22-23 dated July 21, 2022 for a period of six months up to January 22, 2023, as modified from time to time, which were last extended up to July 22, 2023, vide Directive DOR.MON.D-12/12.29-046/2023-24 dated April 20, 2023. Th
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Suri Friends' Union Co-operative Bank Limited, Suri (West Bengal) vide Directive No. CO. DOS. SED. No. S-2574/12-07-005/2O22-23 dated July 21, 2022 for a period of six months up to January 22, 2023, as modified from time to time, which were last extended up to July 22, 2023, vide Directive DOR.MON.D-12/12.29-046/2023-24 dated April 20, 2023. Th
Jul 20, 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) – National Urban Co-operative Bank Ltd., Bahraich (U.P.)
The Reserve Bank of India (RBI) has extended the directions issued to the National Urban Co-operative Bank Ltd., Bahraich (U.P.) for a period of three (03) months from July 23, 2023 to October 22, 2023, subject to review. The bank has been under direction from the close of business of July 22, 2022 vide directive order CO.DOS.SED.No.S2575/12-07-005/2022-2023 dated July 21, 2022 issued under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS). T
The Reserve Bank of India (RBI) has extended the directions issued to the National Urban Co-operative Bank Ltd., Bahraich (U.P.) for a period of three (03) months from July 23, 2023 to October 22, 2023, subject to review. The bank has been under direction from the close of business of July 22, 2022 vide directive order CO.DOS.SED.No.S2575/12-07-005/2022-2023 dated July 21, 2022 issued under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS). T
Jul 19, 2023
Reserve Bank of India cancels the licence of United India Co-operative Bank Limited, Nagina, Bijnor, Uttar Pradesh
Today, the Reserve Bank of India (RBI), vide order dated July 14, 2023, has cancelled the licence of “United India Co-operative Bank Limited, Nagina, Bijnor, Uttar Pradesh”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on July 19, 2023. The Commissioner and Registrar of Cooperative, Uttar Pradesh has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Reserve Ban
Today, the Reserve Bank of India (RBI), vide order dated July 14, 2023, has cancelled the licence of “United India Co-operative Bank Limited, Nagina, Bijnor, Uttar Pradesh”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on July 19, 2023. The Commissioner and Registrar of Cooperative, Uttar Pradesh has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Reserve Ban
Jul 18, 2023
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Raigad Sahakari Bank Limited, Mumbai, Maharashtra– Extension of Period
The Reserve Bank of India, vide directive CO.DOS.DSD.No.S2469/12-07-005/2022-23 dated July 15, 2022, had placed Raigad Sahakari Bank Limited, Mumbai, Maharashtra under Directions from the close of business on July 18, 2022, for a period of six months. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in the exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act,
The Reserve Bank of India, vide directive CO.DOS.DSD.No.S2469/12-07-005/2022-23 dated July 15, 2022, had placed Raigad Sahakari Bank Limited, Mumbai, Maharashtra under Directions from the close of business on July 18, 2022, for a period of six months. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in the exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act,
Jul 18, 2023
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Sri Mallikarjuna Pattana Sahakari Bank Niyamitha, Maski, Karnataka – Extension of period
The Reserve Bank of India issued Directions to Sri Mallikarjuna Pattana Sahakari Bank Niyamitha, Maski, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive BLR.DOS.SSMS. No. S558/13-03-225/2022-23 dated July 15, 2022. 2. The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the Directive BLR.DOS.SSMS. No. S558/13-03-225/2022-23 dated July 15, 2022 as modi
The Reserve Bank of India issued Directions to Sri Mallikarjuna Pattana Sahakari Bank Niyamitha, Maski, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive BLR.DOS.SSMS. No. S558/13-03-225/2022-23 dated July 15, 2022. 2. The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the Directive BLR.DOS.SSMS. No. S558/13-03-225/2022-23 dated July 15, 2022 as modi
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