Press Releases - Regulating Co-operative Banking - RBI - Reserve Bank of India
Press Releases
Apr 28, 2023
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - Durga Co-operative Urban Bank Ltd., Vijayawada - Extension of Period
The Reserve Bank of India issued Directions to Durga Co-operative Urban Bank Ltd., Vijayawada under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 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 which were further extended vide Directive No. DOR.MON/D-69/12.24.020/2022-23 dated January 25, 2023 for a period of three months upto April 29, 2023. 2. The Reserve Bank o
The Reserve Bank of India issued Directions to Durga Co-operative Urban Bank Ltd., Vijayawada under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 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 which were further extended vide Directive No. DOR.MON/D-69/12.24.020/2022-23 dated January 25, 2023 for a period of three months upto April 29, 2023. 2. The Reserve Bank o
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Apr 28, 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) - Lucknow Urban Co-operative Bank Ltd., Lucknow (U.P.)
The Reserve Bank of India (RBI) has extended the directions issued to the Lucknow Urban Co-operative Bank Ltd., Lucknow (U.P.) for a period of three (03) months from April 29, 2023 to July 28, 2023, subject to review. The bank has been under direction from the close of business of July 28, 2022 vide directive order LKO.DOS.SED.No.S256/10-03-556/2022-2023 dated July 27, 2022 issued under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS). The s
The Reserve Bank of India (RBI) has extended the directions issued to the Lucknow Urban Co-operative Bank Ltd., Lucknow (U.P.) for a period of three (03) months from April 29, 2023 to July 28, 2023, subject to review. The bank has been under direction from the close of business of July 28, 2022 vide directive order LKO.DOS.SED.No.S256/10-03-556/2022-2023 dated July 27, 2022 issued under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS). The s
Apr 28, 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) - Urban Co-operative Bank Ltd., Sitapur (U.P.)
The Reserve Bank of India (RBI) has extended the directions issued to the Urban Co-operative Bank Ltd., Sitapur (U.P.) for a period of three (03) months from April 29, 2023 to July 28, 2023, subject to review. The bank has been under direction from the close of business on July 28, 2022 vide directive order LKO.DOS.SED.No.S257/10-12-414/2022-23 dated July 27, 2022 issued under section 35 A read with section 56 of the Banking Regulation Act, 1949 (AACS). The said direc
The Reserve Bank of India (RBI) has extended the directions issued to the Urban Co-operative Bank Ltd., Sitapur (U.P.) for a period of three (03) months from April 29, 2023 to July 28, 2023, subject to review. The bank has been under direction from the close of business on July 28, 2022 vide directive order LKO.DOS.SED.No.S257/10-12-414/2022-23 dated July 27, 2022 issued under section 35 A read with section 56 of the Banking Regulation Act, 1949 (AACS). The said direc
Apr 28, 2023
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - The Kapol Co-operative Bank Ltd Mumbai, Maharashtra - Extension of Period
Reserve Bank of India vide directive DCBS.CO.BSD-I./D-9/12.22.111/2016-17 dated March 30, 2017 had placed The Kapol Cooperative Bank Ltd Mumbai, Maharashtra under Directions from the close of business on March 30, 2017 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to April 30, 2023. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in i
Reserve Bank of India vide directive DCBS.CO.BSD-I./D-9/12.22.111/2016-17 dated March 30, 2017 had placed The Kapol Cooperative Bank Ltd Mumbai, Maharashtra under Directions from the close of business on March 30, 2017 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to April 30, 2023. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in i
Apr 27, 2023
Extension of validity of Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS)- Indian Mercantile Co-operative Bank Ltd., Lucknow (U.P)
The Reserve Bank of India (RBI) has extended the directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow (U.P) for a period of three (03) months from April 28, 2023 to July 27, 2023, subject to review. The bank has been under direction since January 28, 2022 vide directive order DOS.CO.OCCD/185569/12.28.007/2021-22 dated January 28, 2022 issued under section 35 A read with section 56 of the Banking Regulation Act, 1949 (AACS). The validity of the di
The Reserve Bank of India (RBI) has extended the directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow (U.P) for a period of three (03) months from April 28, 2023 to July 27, 2023, subject to review. The bank has been under direction since January 28, 2022 vide directive order DOS.CO.OCCD/185569/12.28.007/2021-22 dated January 28, 2022 issued under section 35 A read with section 56 of the Banking Regulation Act, 1949 (AACS). The validity of the di
Apr 25, 2023
Reserve Bank cancels the banking licence granted to The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala and allows it to function as non-banking institution
Reserve Bank of India (RBI) is satisfied to notify The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala as a non-banking Institution under Section 36 A(2) read with section 56 of the Banking Regulation Act, 1949. Accordingly, RBI has cancelled the banking licence dated January 03, 1987 granted to The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala to carry on banking business in India under Section 22 read with section 56 of the Banking Regulation Act,1949 with effec
Reserve Bank of India (RBI) is satisfied to notify The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala as a non-banking Institution under Section 36 A(2) read with section 56 of the Banking Regulation Act, 1949. Accordingly, RBI has cancelled the banking licence dated January 03, 1987 granted to The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala to carry on banking business in India under Section 22 read with section 56 of the Banking Regulation Act,1949 with effec
Apr 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) - United India Co-operative Bank Limited, Nagina, Bijnor (U.P.)
The Reserve Bank of India (RBI) has extended the directions issued to United India Co-operative Bank Limited, Nagina, Bijnor (U.P.) for a period of three (03) months from April 23, 2023 to July 22, 2023 subject to review. The bank has been under directions from the close of business of July 22, 2022 vide directive order CO.DOS.SED.No.S2573/12-07-005/2022-23 dated July 21, 2022 issued under section 35 A read with section 56 of the Banking Regulation Act, 1949 (AACS). T
The Reserve Bank of India (RBI) has extended the directions issued to United India Co-operative Bank Limited, Nagina, Bijnor (U.P.) for a period of three (03) months from April 23, 2023 to July 22, 2023 subject to review. The bank has been under directions from the close of business of July 22, 2022 vide directive order CO.DOS.SED.No.S2573/12-07-005/2022-23 dated July 21, 2022 issued under section 35 A read with section 56 of the Banking Regulation Act, 1949 (AACS). T
Apr 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 35 A 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. The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the Directive No.CO.DOS.SED.No
The Reserve Bank of India issued Directions under Section 35 A 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. The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the Directive No.CO.DOS.SED.No
Apr 21, 2023
Directions under Section 35 A 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 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) 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, the validity of which was extended up to April 22, 2023 vide Directive DOR.MON.D-62/12.22.705/2022-23 dated January 20, 2023. 2. The Reserve Bank of India is sa
The Reserve Bank of India issued Directions to Saibaba Janata Sahakari Bank Limited, Latur, Maharashtra under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) 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, the validity of which was extended up to April 22, 2023 vide Directive DOR.MON.D-62/12.22.705/2022-23 dated January 20, 2023. 2. The Reserve Bank of India is sa
Apr 20, 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) - 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 months from April 23, 2023 to July 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 35 A read with section 56 of the Banking Regulation Act, 1949 (AACS). The sai
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 months from April 23, 2023 to July 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 35 A read with section 56 of the Banking Regulation Act, 1949 (AACS). The sai
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Page Last Updated on: November 21, 2024
