Press Releases - Regulating Co-operative Banking - RBI - Reserve Bank of India
Press Releases
Jul 01, 2020
Directions under Section 35 A of Banking Regulation Act, 1949 - Youth Development Co-operative Bank Ltd., Kolhapur, Maharashtra
Youth Development Co-operative Bank Ltd. Kolhapur Maharashtra, was placed under directions vide Directive DCBS.CO.BSD-I/D-06/12.22.311/2018-19 dated January 04, 2019 from close of business on January 05, 2019. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive DOR.CO.AID/D-46/12.22.311/2019-20 dated January 01, 2020 and was valid up to July 05, 2020, subject to review. 2. It is hereby notified for the inf
Youth Development Co-operative Bank Ltd. Kolhapur Maharashtra, was placed under directions vide Directive DCBS.CO.BSD-I/D-06/12.22.311/2018-19 dated January 04, 2019 from close of business on January 05, 2019. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive DOR.CO.AID/D-46/12.22.311/2019-20 dated January 01, 2020 and was valid up to July 05, 2020, subject to review. 2. It is hereby notified for the inf
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Jun 19, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949- Youth Development Cooperative Bank Ltd., Kolhapur, Maharashtra -Enhancement of withdrawal limit for depositors
Youth Development Cooperative Bank Limited, Kolhapur, Maharashtra was placed under All-Inclusive Directions under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 with effect from close of business on January 05, 2019 vide Directive DCBS.CO.BSD-I/D-6/12.22.311/2018-19 dated January 04, 2019 in the interest of depositor protection. The withdrawal limit per depositor under the existing directions is ₹5000/-. On a review of the ban
Youth Development Cooperative Bank Limited, Kolhapur, Maharashtra was placed under All-Inclusive Directions under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 with effect from close of business on January 05, 2019 vide Directive DCBS.CO.BSD-I/D-6/12.22.311/2018-19 dated January 04, 2019 in the interest of depositor protection. The withdrawal limit per depositor under the existing directions is ₹5000/-. On a review of the ban
Jun 19, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949- Hindu Cooperative Bank Ltd., Pathankot, Punjab - Enhancement of withdrawal limit for depositors to ₹50000/-
Hindu Cooperative Bank Limited, Pathankot, Punjab was placed under All-Inclusive Directions under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 with effect from close of business on March 25, 2019 vide Directive DCBS.CO.BSD-IV No.D-9/12.28.311/2018-19 dated March 13, 2019 in the interest of depositor protection. The withdrawal limit per depositor under the directions imposed vide the Directive dated March 13, 2019 was ₹4000/-
Hindu Cooperative Bank Limited, Pathankot, Punjab was placed under All-Inclusive Directions under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 with effect from close of business on March 25, 2019 vide Directive DCBS.CO.BSD-IV No.D-9/12.28.311/2018-19 dated March 13, 2019 in the interest of depositor protection. The withdrawal limit per depositor under the directions imposed vide the Directive dated March 13, 2019 was ₹4000/-
Jun 19, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949- Kerala Mercantile Co-operative Bank Limited, Kozhikode- Enhancement of withdrawal limit for depositors to ₹50000
Kerala Mercantile Co-operative Bank Limited, Kozhikode, Kerala was placed under All-Inclusive Directions under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 with effect from close of business on June 04, 2019 vide Directive DCBS.CO.PCC.D-15/12.26.058/2018-19 dated May 29, 2019 in the interest of depositor protection. The withdrawal limit for depositors under the existing Directions is ₹2000 of the total balances held per depo
Kerala Mercantile Co-operative Bank Limited, Kozhikode, Kerala was placed under All-Inclusive Directions under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 with effect from close of business on June 04, 2019 vide Directive DCBS.CO.PCC.D-15/12.26.058/2018-19 dated May 29, 2019 in the interest of depositor protection. The withdrawal limit for depositors under the existing Directions is ₹2000 of the total balances held per depo
Jun 19, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949- Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka -Enhancement of withdrawal limit for depositors to ₹1 lakh
Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka was placed under All-Inclusive Directions under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 with effect from close of business on January 10, 2020 vide Directive DOS.CO.UCB.BSD-III D-2/12.23.283/2019-20 dated January 02, 2020 in the interest of depositor protection. The withdrawal limit per depositor under the existing directions is ₹35,000/-. On a review of
Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka was placed under All-Inclusive Directions under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 with effect from close of business on January 10, 2020 vide Directive DOS.CO.UCB.BSD-III D-2/12.23.283/2019-20 dated January 02, 2020 in the interest of depositor protection. The withdrawal limit per depositor under the existing directions is ₹35,000/-. On a review of
Jun 19, 2020
Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - Punjab and Maharashtra Cooperative Bank Limited, Mumbai, Maharashtra - extension of validity period of Directions and enhancement of withdrawal limit for depositors to ₹1,00,000/-
Punjab and Maharashtra Cooperative Bank Limited, Mumbai, Maharashtra, a Multi-State Urban Cooperative Bank was placed under All-Inclusive Directions under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 with effect from close of business on September 23, 2019 vide Directive DCBS.CO.BSD-1/D-1/12.22.183/19-20 dated September 23, 2019, in the interest of depositor protection. The withdrawal limit under the directions was last enha
Punjab and Maharashtra Cooperative Bank Limited, Mumbai, Maharashtra, a Multi-State Urban Cooperative Bank was placed under All-Inclusive Directions under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 with effect from close of business on September 23, 2019 vide Directive DCBS.CO.BSD-1/D-1/12.22.183/19-20 dated September 23, 2019, in the interest of depositor protection. The withdrawal limit under the directions was last enha
Jun 17, 2020
Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud, Distt. Amravati, Maharashtra - Extension of Period
Reserve Bank of India, in the public interest, had issued Directions to Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud, Distt. Amravati, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 (AACS) read with Section 56 of the Banking Regulation Act, 1949 from the close of business on January 17, 2019. The validity of the above Directions was extended from time to time up to June 17, 2020. Reser
Reserve Bank of India, in the public interest, had issued Directions to Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud, Distt. Amravati, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 (AACS) read with Section 56 of the Banking Regulation Act, 1949 from the close of business on January 17, 2019. The validity of the above Directions was extended from time to time up to June 17, 2020. Reser
Jun 15, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - Karnala Nagari Sahakari Bank Ltd., Panvel, Raigad (Maharashtra)
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. DoS.CO.UCBs-West/D-1/12.07.157/2019-20 dated June 15, 2020 has issued certain Directions to Karnala Nagari Sahakari Bank Ltd., Panvel, Raigad (Maharashtra), whereby, as from the close of busin
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. DoS.CO.UCBs-West/D-1/12.07.157/2019-20 dated June 15, 2020 has issued certain Directions to Karnala Nagari Sahakari Bank Ltd., Panvel, Raigad (Maharashtra), whereby, as from the close of busin
Jun 12, 2020
Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd., Nilanga, Distt. Latur, Maharashtra - Extension of Period
Reserve Bank of India, in the public interest, had issued Directions to Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd., Nilanga, Distt. Latur, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 (AACS) read with Section 56 of the Banking Regulation Act, 1949 from the close of business on February 16, 2019. The validity of the above Directions was extended from time to time, upto June 14
Reserve Bank of India, in the public interest, had issued Directions to Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd., Nilanga, Distt. Latur, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 (AACS) read with Section 56 of the Banking Regulation Act, 1949 from the close of business on February 16, 2019. The validity of the above Directions was extended from time to time, upto June 14
Jun 11, 2020
Directions under Section 35 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - People’s Co-operative Bank Ltd., Kanpur, Uttar Pradesh
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) has issued certain Directions to People’s Co-operative Bank Ltd., Kanpur, Uttar Pradesh, whereby, as from the close of business on June 10, 2020, the aforesaid bank shall not, without prior approval of RBI in writing
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) has issued certain Directions to People’s Co-operative Bank Ltd., Kanpur, Uttar Pradesh, whereby, as from the close of business on June 10, 2020, the aforesaid bank shall not, without prior approval of RBI in writing
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