Press Releases - Regulating Co-operative Banking - RBI - Reserve Bank of India
Press Releases
Jul 08, 2022
Directions under section 35 A read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Shri Sharada Mahila Co-operative Bank Limited, Tumkur, Karnataka
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 (As Applicable to Co-operative Societies), the Reserve Bank of India (RBI) vide Directive Ref. No. BLR.DOS.SSMS.No.S530/13-04-179/2022-23 dated July 07, 2022, has issued certain Directions to Shri Sharada Mahila Co-operative Bank Limited, Tumkur, wh
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 (As Applicable to Co-operative Societies), the Reserve Bank of India (RBI) vide Directive Ref. No. BLR.DOS.SSMS.No.S530/13-04-179/2022-23 dated July 07, 2022, has issued certain Directions to Shri Sharada Mahila Co-operative Bank Limited, Tumkur, wh
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Jul 08, 2022
Directions under section 35 A read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Ramgarhia Co-operative Bank Ltd., New Delhi
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 (As Applicable to Co-operative Societies), the Reserve Bank of India (RBI) vide Directive Ref. No. DEL.DOS.EXG_SSM.No.S515/12-10-013/2022-2023 dated July 07, 2022, has issued certain Directions to Ramgarhia Co-operative Bank Ltd., New Delhi, whereby
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 (As Applicable to Co-operative Societies), the Reserve Bank of India (RBI) vide Directive Ref. No. DEL.DOS.EXG_SSM.No.S515/12-10-013/2022-2023 dated July 07, 2022, has issued certain Directions to Ramgarhia Co-operative Bank Ltd., New Delhi, whereby
Jul 07, 2022
Reserve Bank of India cancels the license of Shri Anand Co-operative Bank Ltd., Chinchwad, Pune
Today, the Reserve Bank of India (RBI), vide order dated July 01, 2022, has cancelled the license of “Shri Anand Co-operative Bank Ltd., Chinchwad, Pune”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on July 07, 2022. The Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Reserv
Today, the Reserve Bank of India (RBI), vide order dated July 01, 2022, has cancelled the license of “Shri Anand Co-operative Bank Ltd., Chinchwad, Pune”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on July 07, 2022. The Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Reserv
Jun 23, 2022
Draft Master Direction on Outsourcing of Information Technology (IT) Services
Regulated Entities (REs) have been extensively leveraging Information Technology (IT) and IT-enabled services (ITeS) in their business, products and services with increasing dependence on third parties. Such reliance on IT/ITeS provided by third parties exposes the REs to various risks. 2. It was announced in the Statement on Developmental and Regulatory Policies, released with the bi-monthly Monetary Policy Statement dated February 10, 2022, that draft guidelines on
Regulated Entities (REs) have been extensively leveraging Information Technology (IT) and IT-enabled services (ITeS) in their business, products and services with increasing dependence on third parties. Such reliance on IT/ITeS provided by third parties exposes the REs to various risks. 2. It was announced in the Statement on Developmental and Regulatory Policies, released with the bi-monthly Monetary Policy Statement dated February 10, 2022, that draft guidelines on
Jun 18, 2022
Reserve Bank of India cancels the license of Millath Co-operative Bank Limited, Davangere, Karnataka
Today, the Reserve Bank of India (RBI) has, vide order dated June 17, 2022, cancelled the license of “Millath Co-operative Bank Ltd., Davangere, Karnataka”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on June 18, 2022. The Registrar of Cooperative Societies, Karnataka has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Reserve Bank cancelled the license of t
Today, the Reserve Bank of India (RBI) has, vide order dated June 17, 2022, cancelled the license of “Millath Co-operative Bank Ltd., Davangere, Karnataka”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on June 18, 2022. The Registrar of Cooperative Societies, Karnataka has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Reserve Bank cancelled the license of t
Jun 17, 2022
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949, (AACS) - Padmashri Dr. Vithalrao Vikhe Patil Co-op. Bank Ltd., Nashik Maharashtra - Extension of period
The Reserve Bank of India, in the public interest, had issued directions to the Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on May 19, 2018. These directions were modified from time to time, the validity of which was last extended up to June 17, 2022. These directions sha
The Reserve Bank of India, in the public interest, had issued directions to the Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on May 19, 2018. These directions were modified from time to time, the validity of which was last extended up to June 17, 2022. These directions sha
Jun 10, 2022
Directions under Section 35 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Sikar Urban Co-operative Bank Ltd, Sikar, Rajasthan - Extension of Validity of Directions
Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan was placed under All-Inclusive Directions from close of business on November 09, 2018 for a period of six months subject to review, vide Directive dated October 26, 2018. The validity of the directions was last extended vide Directive dated March 07, 2022 for three months up to June 09, 2022, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of po
Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan was placed under All-Inclusive Directions from close of business on November 09, 2018 for a period of six months subject to review, vide Directive dated October 26, 2018. The validity of the directions was last extended vide Directive dated March 07, 2022 for three months up to June 09, 2022, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of po
Jun 09, 2022
Directions under Section 35 A read with Section 56 of the BR Act 1949 (AACS)- The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala- Extension of period
The Reserve Bank of India issued Directions to The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS), vide Directive DCBS.CO.PCC D-4/12.26.004/2018-19 dated November 02, 2018, from close of business on November 09, 2018 for a period of six months, which were extended from time to time, last being up to June 09, 2022 vide the Directive DOR.MON/D-69/12.26.004/2021-22 dated March 07, 2022. T
The Reserve Bank of India issued Directions to The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS), vide Directive DCBS.CO.PCC D-4/12.26.004/2018-19 dated November 02, 2018, from close of business on November 09, 2018 for a period of six months, which were extended from time to time, last being up to June 09, 2022 vide the Directive DOR.MON/D-69/12.26.004/2021-22 dated March 07, 2022. T
Jun 08, 2022
Reserve Bank of India cancels the license of “The Mudhol Co-operative Bank Limited, Dist.- Bagalkot, Karnataka”
Today, the Reserve Bank of India (RBI), vide order dated June 03, 2022, has cancelled the license of “The Mudhol Co-operative Bank Limited, Dist.- Bagalkot, Karnataka”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on June 08, 2022. The Commissioner for Cooperation and Registrar of Cooperative Societies, Karnataka has been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The
Today, the Reserve Bank of India (RBI), vide order dated June 03, 2022, has cancelled the license of “The Mudhol Co-operative Bank Limited, Dist.- Bagalkot, Karnataka”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on June 08, 2022. The Commissioner for Cooperation and Registrar of Cooperative Societies, Karnataka has been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The
Jun 06, 2022
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Nagar Urban Co-operative Bank Ltd., Ahmednagar - Extension of Period
The Reserve Bank of India vide directive DoS.CO.SUCBs-West/S2399/12.22.159/2021-22 dated December 06, 2021 had placed Nagar Urban Co-operative Bank Ltd., Ahmednagar under Directions from the close of business on December 06, 2021 for a period of six months. The validity of the directions was till June 06, 2022. 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 sub-section (1) of Section
The Reserve Bank of India vide directive DoS.CO.SUCBs-West/S2399/12.22.159/2021-22 dated December 06, 2021 had placed Nagar Urban Co-operative Bank Ltd., Ahmednagar under Directions from the close of business on December 06, 2021 for a period of six months. The validity of the directions was till June 06, 2022. 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 sub-section (1) of Section
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Page Last Updated on: November 22, 2024
