Press Releases - Regulating Co-operative Banking - RBI - Reserve Bank of India
Press Releases
Jul 29, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - The Madgaum Urban Co-operative Bank Ltd., Margao, Goa - Extension of Period
The Madgaum Urban Co-operative Bank Ltd., Margao, Goa was placed under directions vide directive dated April 26, 2019 from the close of business on May 02, 2019 for a period of six months. The validity of the above directions was extended from time to time, the last being vide Directive dated April 24, 2020 up to August 02, 2020. 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 Section
The Madgaum Urban Co-operative Bank Ltd., Margao, Goa was placed under directions vide directive dated April 26, 2019 from the close of business on May 02, 2019 for a period of six months. The validity of the above directions was extended from time to time, the last being vide Directive dated April 24, 2020 up to August 02, 2020. 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 Section
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Jul 17, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - United Cooperative Bank Limited, Bagnan Station Road (North), P.O. - Bagnan, Dist- Howrah, West Bengal - Extension of Period
Reserve Bank of India, in public interest, had issued Directions to United Co-operative Bank Limited, Bagnan, West Bengal in exercise of its 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 July 18, 2018, as modified from time to time which was last extended upto July 18, 2020. Reserve Bank of India has now, in public interest, further extended the Directions for a p
Reserve Bank of India, in public interest, had issued Directions to United Co-operative Bank Limited, Bagnan, West Bengal in exercise of its 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 July 18, 2018, as modified from time to time which was last extended upto July 18, 2020. Reserve Bank of India has now, in public interest, further extended the Directions for a p
Jul 15, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - The City Co-operative Bank Ltd., Mumbai, Maharashtra - Extension of period
The City Co-operative Bank Ltd., Mumbai was placed under directions vide directive DCBS.CO.BSD-1/D-5/12.22.039/2017-18 dated April 17, 2018 from the close of business on April 17, 2018 for a period of six months. The validity of the above directions were extended from time to time, the last being vide Directive DOR.CO.AID.No.D-68/12.22.039/2019-20 dated April 07, 2020 up to July 16, 2020. 2. It is hereby notified for the information of the public that, the Reserve Ban
The City Co-operative Bank Ltd., Mumbai was placed under directions vide directive DCBS.CO.BSD-1/D-5/12.22.039/2017-18 dated April 17, 2018 from the close of business on April 17, 2018 for a period of six months. The validity of the above directions were extended from time to time, the last being vide Directive DOR.CO.AID.No.D-68/12.22.039/2019-20 dated April 07, 2020 up to July 16, 2020. 2. It is hereby notified for the information of the public that, the Reserve Ban
Jul 10, 2020
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - Kolikata Mahila Co-operative Bank Limited, 8D Krishna Laha Lane, Kolkata, West Bengal - Extension of Period of Directions
Reserve Bank of India, in public interest, had issued Directions to Kolikata Mahila Co-operative Bank Limited, Kolkata, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on July 09, 2019 as modified from time to time which was last extended upto July 09, 2020. Reserve Bank of India has now, in public interest, further extended the Directions
Reserve Bank of India, in public interest, had issued Directions to Kolikata Mahila Co-operative Bank Limited, Kolkata, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on July 09, 2019 as modified from time to time which was last extended upto July 09, 2020. Reserve Bank of India has now, in public interest, further extended the Directions
Jul 10, 2020
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka - Extension of Period
The Reserve Bank of India issued Directions to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DOS.CO.UCB.BSD-III/D-2/12.23.283/2019-20 dated January 02, 2020 for a period of six months up to close of business on July 10, 2020. The directions were modified vide Directive DOR.AID/D-89/12.23.283/2019-20 dated June 19, 2020 in terms of which, among other condition
The Reserve Bank of India issued Directions to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DOS.CO.UCB.BSD-III/D-2/12.23.283/2019-20 dated January 02, 2020 for a period of six months up to close of business on July 10, 2020. The directions were modified vide Directive DOR.AID/D-89/12.23.283/2019-20 dated June 19, 2020 in terms of which, among other condition
Jul 07, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - The Mudhol Co-operative Bank Limited, Dist. Bagalkot, Karnataka - Extension of Period
The Reserve Bank of India issued All Inclusive Directions to The Mudhol Cooperative Bank Limited, Dist- Bagalkot, Karnataka under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD III.D11/12.23.094/2018-19 dated April 2, 2019, as modified from time to time, which were last extended up to July 7, 2020 vide Directive DOR.CO.AID.No.D-67/12.23.094/2019-20 dated March 30, 2020. 2. The Reserve Bank of India is satisfied that in
The Reserve Bank of India issued All Inclusive Directions to The Mudhol Cooperative Bank Limited, Dist- Bagalkot, Karnataka under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD III.D11/12.23.094/2018-19 dated April 2, 2019, as modified from time to time, which were last extended up to July 7, 2020 vide Directive DOR.CO.AID.No.D-67/12.23.094/2019-20 dated March 30, 2020. 2. The Reserve Bank of India is satisfied that in
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
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
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