Press Releases - Regulating Co-operative Banking - RBI - Reserve Bank of India
Press Releases
May 14, 2018
The Mehsana Urban Co-operative Bank Limited, Mehsana (Gujarat) - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 Crore (Rupees One Crore only) on The Mehsana Urban Co-operative Bank Limited, Mehsana (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A(1) (c) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of the directives/ instructions/ guidelines issued to Urban Co-operative Banks (UCBs) under the provisions o
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 Crore (Rupees One Crore only) on The Mehsana Urban Co-operative Bank Limited, Mehsana (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A(1) (c) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of the directives/ instructions/ guidelines issued to Urban Co-operative Banks (UCBs) under the provisions o
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May 09, 2018
Universal Co-operative Urban Bank Ltd., Mancherial, Telangana - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 0.50 lakh (Rupees Fifty thousand only) on Universal Co-operative Urban Bank Ltd., Mancherial, Telangana, in exercise of the powers vested in it under the provisions of Section 47A (1) (c) read with Section 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of Reserve Bank of India directives and guidelines on loans and advances to directors and their relative
The Reserve Bank of India has imposed a monetary penalty of ₹ 0.50 lakh (Rupees Fifty thousand only) on Universal Co-operative Urban Bank Ltd., Mancherial, Telangana, in exercise of the powers vested in it under the provisions of Section 47A (1) (c) read with Section 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of Reserve Bank of India directives and guidelines on loans and advances to directors and their relative
May 09, 2018
Directions under Section 35A 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, Maharashtra, was placed under directions vide directive dated November 07, 2017 from the close of business on November 09, 2017 for a period of 06 (six) months. 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 35A read with Section 56 of the Banking Regulation Act, 1949 (as applicable to Co-operative Societies), hereby
The Karad Janata Sahakari Bank Ltd., Karad, Maharashtra, was placed under directions vide directive dated November 07, 2017 from the close of business on November 09, 2017 for a period of 06 (six) months. 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 35A read with Section 56 of the Banking Regulation Act, 1949 (as applicable to Co-operative Societies), hereby
May 04, 2018
Tumkur Grain Merchants Co-operative Bank Ltd., Tumkur, Karnataka - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five lakh only) on Tumkur Grain Merchants Co-operative Bank Ltd., Tumkur, Karnataka, in exercise of the powers vested in it under the provisions of Section 47 A (1) (c) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violating Reserve Bank of India’s instructions/guidelines contained in para 3.2.2.IV.D of RBI Master Circular DBR.AM
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five lakh only) on Tumkur Grain Merchants Co-operative Bank Ltd., Tumkur, Karnataka, in exercise of the powers vested in it under the provisions of Section 47 A (1) (c) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violating Reserve Bank of India’s instructions/guidelines contained in para 3.2.2.IV.D of RBI Master Circular DBR.AM
Apr 20, 2018
The Pij People’s Co-operative Bank Ltd., Dist. Kheda, (Gujarat) (Non-scheduled UCB) - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 4.00 lakh (Rupees Four Lakh only) on The Pij People’s Co-operative Bank Ltd., Dist. Kheda, (Gujarat) (Non-scheduled UCB), in exercise of the powers vested in it under the provisions of Section 47A (1) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI instructions issued under Supervisory Action Framework (SAF), not allotting Unique Cu
The Reserve Bank of India has imposed a monetary penalty of ₹ 4.00 lakh (Rupees Four Lakh only) on The Pij People’s Co-operative Bank Ltd., Dist. Kheda, (Gujarat) (Non-scheduled UCB), in exercise of the powers vested in it under the provisions of Section 47A (1) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI instructions issued under Supervisory Action Framework (SAF), not allotting Unique Cu
Apr 18, 2018
RBI issues Directions to The City Co-operative Bank Ltd., Mumbai, Maharashtra
The Reserve Bank of India (vide directive DCBS.CO.BSD-I/D-5/12.22.039/2017-18 dated April 17, 2018) has placed The City Co-operative Bank Ltd., Mumbai, Maharashtra, under Directions. According to the Directions, depositors will be allowed to withdraw a sum not exceeding ₹ 1000 (Rupees One Thousand only) of the total balance held in every saving bank or current account or any other deposit account by whatever name called, subject to conditions stipulated in the RBI Dir
The Reserve Bank of India (vide directive DCBS.CO.BSD-I/D-5/12.22.039/2017-18 dated April 17, 2018) has placed The City Co-operative Bank Ltd., Mumbai, Maharashtra, under Directions. According to the Directions, depositors will be allowed to withdraw a sum not exceeding ₹ 1000 (Rupees One Thousand only) of the total balance held in every saving bank or current account or any other deposit account by whatever name called, subject to conditions stipulated in the RBI Dir
Apr 13, 2018
HCBL Co-operative Bank Ltd., Lucknow, Uttar Pradesh - Withdrawal of Directions issued by the Reserve Bank of India
The Reserve Bank of India (RBI) had issued directions under Section 35A of the Banking Regulation Act, 1949 (as applicable to co-operative societies) to HCBL Co-operative Bank Ltd., Lucknow, Uttar Pradesh vide directive dated April 10, 2015. Directions imposed were extended and modified from time to time, last being up to April 15, 2018 vide Directive dated October 09, 2017. Reserve Bank, on being satisfied that in the public interest it is necessary to do so, in exer
The Reserve Bank of India (RBI) had issued directions under Section 35A of the Banking Regulation Act, 1949 (as applicable to co-operative societies) to HCBL Co-operative Bank Ltd., Lucknow, Uttar Pradesh vide directive dated April 10, 2015. Directions imposed were extended and modified from time to time, last being up to April 15, 2018 vide Directive dated October 09, 2017. Reserve Bank, on being satisfied that in the public interest it is necessary to do so, in exer
Mar 31, 2018
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - The CKP Co-operative Bank Ltd, Mumbai, Maharashtra
The CKP Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions vide directive dated April 30, 2014, from close of business on May 2, 2014. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive dated November 23, 2017 and was valid upto March 31, 2018 subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it
The CKP Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions vide directive dated April 30, 2014, from close of business on May 2, 2014. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive dated November 23, 2017 and was valid upto March 31, 2018 subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it
Mar 31, 2018
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - The Kapol Co-operative Bank Ltd., Mumbai, Maharashtra
The Kapol Co-operative Bank Ltd., Mumbai, Maharashtra, was placed under directions for a period of six months vide directive dated March 30, 2017 from the close of business on March 30, 2017. The validity of the directions was extended from time to time vide subsequent Directives, the last being up to March 31, 2018 vide Directive dated September 25, 2017, subject to review. It is hereby notified for the information of the public that , the Reserve Bank of India, in e
The Kapol Co-operative Bank Ltd., Mumbai, Maharashtra, was placed under directions for a period of six months vide directive dated March 30, 2017 from the close of business on March 30, 2017. The validity of the directions was extended from time to time vide subsequent Directives, the last being up to March 31, 2018 vide Directive dated September 25, 2017, subject to review. It is hereby notified for the information of the public that , the Reserve Bank of India, in e
Mar 28, 2018
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Shree Ganesh Sahakari Bank Ltd, Nashik, Maharashtra- Extension of period and relaxation in directions
The Shree Ganesh Sahakari Bank Ltd, Nashik, Maharashtra, was placed under directions vide directive dated April 01, 2013 from close of business on April 02, 2013. The validity of the directions was extended from time to time vide subsequent modified Directives, the last being Directive dated September 25, 2017 upto March 29, 2018, subject to review. In terms of the existing directions, among other conditions, a sum not exceeding ₹ 70,000/- of the total balance in ever
The Shree Ganesh Sahakari Bank Ltd, Nashik, Maharashtra, was placed under directions vide directive dated April 01, 2013 from close of business on April 02, 2013. The validity of the directions was extended from time to time vide subsequent modified Directives, the last being Directive dated September 25, 2017 upto March 29, 2018, subject to review. In terms of the existing directions, among other conditions, a sum not exceeding ₹ 70,000/- of the total balance in ever
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