Press Releases - Regulating Co-operative Banking - RBI - Reserve Bank of India
Press Releases
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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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
Jun 09, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS)-The Karad Janata Sahakari Bank Ltd., Karad, Maharashtra - Extension of period
The Karad Janata Sahakari Bank Ltd., Karad was placed under directions vide directive DCBS.CO.BSD-1/D-4/12.22.126/2017-18 dated November 7, 2017 from the close of business on November 9, 2017 for a period of six months. The validity of the above directions was extended from time to time last being vide Directive DCBR.CO.AID/NoD-59/12.22.126/2018-19 dated March 4, 2020 up to June 09, 2020. 2. It is hereby notified for the information of the public that, the Reserve Ban
The Karad Janata Sahakari Bank Ltd., Karad was placed under directions vide directive DCBS.CO.BSD-1/D-4/12.22.126/2017-18 dated November 7, 2017 from the close of business on November 9, 2017 for a period of six months. The validity of the above directions was extended from time to time last being vide Directive DCBR.CO.AID/NoD-59/12.22.126/2018-19 dated March 4, 2020 up to June 09, 2020. 2. It is hereby notified for the information of the public that, the Reserve Ban
Jun 03, 2020
Directions under Section 35 A read with Section 56 of the BR Act (AACS), 1949 - Kerala Mercantile Co-operative Bank Ltd., Kozhikode, Kerala - Extension of period
The Reserve Bank of India issued Directions to the Kerala Mercantile Co-operative Bank Ltd., Kozhikode, Kerala under Section 35 A read with Section 56 of the BR Act (AACS), 1949 vide Directive DCBS.CO.PCC.D-15/12.26.058/2018-19 dated May 29, 2019, from close of business on June 04, 2019 for a period of six months, which were last extended vide the Directive DOR.CO.AID.No.D-42/12.26.058/2019-20 dated December 02, 2019 for a further period of six months up to June 04, 2
The Reserve Bank of India issued Directions to the Kerala Mercantile Co-operative Bank Ltd., Kozhikode, Kerala under Section 35 A read with Section 56 of the BR Act (AACS), 1949 vide Directive DCBS.CO.PCC.D-15/12.26.058/2018-19 dated May 29, 2019, from close of business on June 04, 2019 for a period of six months, which were last extended vide the Directive DOR.CO.AID.No.D-42/12.26.058/2019-20 dated December 02, 2019 for a further period of six months up to June 04, 2
May 29, 2020
Reserve Bank of India imposes monetary penalty on Nagar Urban Co-operative Bank Ltd., Ahmednagar
The Reserve Bank of India (RBI) has imposed, by order dated May 27, 2020, a monetary penalty of ₹40 lakh on Nagar Urban Co-operative Bank Ltd., Ahmednagar (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms, Management of Advances and Exposure Norms & Statutory/Other Restrictions. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read wit
The Reserve Bank of India (RBI) has imposed, by order dated May 27, 2020, a monetary penalty of ₹40 lakh on Nagar Urban Co-operative Bank Ltd., Ahmednagar (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms, Management of Advances and Exposure Norms & Statutory/Other Restrictions. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read wit
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Page Last Updated on: November 21, 2024
