Press Releases - Regulating Co-operative Banking - RBI - Reserve Bank of India
Press Releases
Feb 24, 2023
Directions under Section 35 A read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Uravakonda Co-operative Town Bank Ltd., Uravakonda, (Anantpur District)
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. AP.DOS.INSP1.No. S89/03-02-097/2022-2023 dated February 23, 2023, has issued certain Directions to Uravakonda Co-operative Town Bank Ltd., Uravakonda, (Anantpur District), whereby, as from th
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. AP.DOS.INSP1.No. S89/03-02-097/2022-2023 dated February 23, 2023, has issued certain Directions to Uravakonda Co-operative Town Bank Ltd., Uravakonda, (Anantpur District), whereby, as from th
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Feb 24, 2023
Directions under Section 35 A read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Adarsh Mahila Nagari Sahakari Bank Maryadit, Aurangabad
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. NGP.DOS.SSM 3.No.S1391/15-04-301/2022-2023 dated February 23, 2023, has issued certain Directions to Adarsh Mahila Nagari Sahakari Bank Maryadit, Aurangabad, whereby, as from the close of bus
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. NGP.DOS.SSM 3.No.S1391/15-04-301/2022-2023 dated February 23, 2023, has issued certain Directions to Adarsh Mahila Nagari Sahakari Bank Maryadit, Aurangabad, whereby, as from the close of bus
Feb 24, 2023
Directions under Section 35A read with Section 56 of the BR Act 1949 (AACS) - Thodupuzha Urban Co-operative Bank Ltd, No.394, Kerala - Extension of period
The Reserve Bank of India issued Directions to Thodupuzha Urban Co-operative Urban Bank Ltd, No.394, Kerala, under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS), vide Directive No. CO.DOS.SED.No.S3361/12.07.005/2022-23 dated August 23, 2022, from close of business on August 23, 2022, for a period of six months. The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the afor
The Reserve Bank of India issued Directions to Thodupuzha Urban Co-operative Urban Bank Ltd, No.394, Kerala, under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS), vide Directive No. CO.DOS.SED.No.S3361/12.07.005/2022-23 dated August 23, 2022, from close of business on August 23, 2022, for a period of six months. The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the afor
Feb 24, 2023
Directions under Section 35 A read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Shimsha Sahakara Bank Niyamitha, Maddur, Mandya District
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. BLR.DOS.SSMS.No.S2174/12-08-295/2022-2023 dated February 23, 2023, has issued certain Directions to Shimsha Sahakara Bank Niyamitha, Maddur, Mandya District, whereby, as from the close of bus
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. BLR.DOS.SSMS.No.S2174/12-08-295/2022-2023 dated February 23, 2023, has issued certain Directions to Shimsha Sahakara Bank Niyamitha, Maddur, Mandya District, whereby, as from the close of bus
Feb 24, 2023
Directions under Section 35 A read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Shankarrao Mohite Patil Sahakari Bank Ltd., Akluj
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. NGP.DOS.SSM 2.No.S1389/15-04-616/2022-2023 dated February 23, 2023, has issued certain Directions to Shankarrao Mohite Patil Sahakari Bank Ltd., Akluj, whereby, as from the close of business
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. NGP.DOS.SSM 2.No.S1389/15-04-616/2022-2023 dated February 23, 2023, has issued certain Directions to Shankarrao Mohite Patil Sahakari Bank Ltd., Akluj, whereby, as from the close of business
Feb 24, 2023
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - The Malkapur Urban Co-operative Bank Ltd., Buldhana, Maharashtra - Extension of Period
The Reserve Bank of India issued Directions to The Malkapur Urban Co-operative Bank Ltd., Buldhana, Maharashtra under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DOS.CO.NSUCBs-West/D-3/S2050/12.07.005/2021-22 dated November 24, 2021, as modified from time to time, which were last extended up to February 24, 2023 vide Directive DOR.MON/D-44/12.22.638/2022-23 dated November 23, 2022. 2. The Reserve Bank of India is satisfied that
The Reserve Bank of India issued Directions to The Malkapur Urban Co-operative Bank Ltd., Buldhana, Maharashtra under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DOS.CO.NSUCBs-West/D-3/S2050/12.07.005/2021-22 dated November 24, 2021, as modified from time to time, which were last extended up to February 24, 2023 vide Directive DOR.MON/D-44/12.22.638/2022-23 dated November 23, 2022. 2. The Reserve Bank of India is satisfied that
Feb 20, 2023
RBI cancels the licence of Garha Co-operative Bank Ltd., Guna, Madhya Pradesh
Today, the Reserve Bank of India (RBI), vide order dated February 16, 2023, has cancelled the licence of “Garha Co-operative Bank Ltd., Guna, Madhya Pradesh”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on February 20, 2023. The Commissioner Co-operation and Registrar of Cooperative Societies, Madhya Pradesh has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. Th
Today, the Reserve Bank of India (RBI), vide order dated February 16, 2023, has cancelled the licence of “Garha Co-operative Bank Ltd., Guna, Madhya Pradesh”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on February 20, 2023. The Commissioner Co-operation and Registrar of Cooperative Societies, Madhya Pradesh has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. Th
Feb 17, 2023
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Ltd., Nashik - Extension of Period
The Reserve Bank of India issued Directions to Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Ltd., Nashik under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD-I/D-7/12.22.395/2017-18 dated May 18, 2018 as modified from time to time, which were last extended up to February 17, 2023 vide Directive DOR.MON.D-42/12.22.395/2022-23 dated November 17, 2022. 2. The Reserve Bank of India is satisfied that in the public i
The Reserve Bank of India issued Directions to Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Ltd., Nashik under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD-I/D-7/12.22.395/2017-18 dated May 18, 2018 as modified from time to time, which were last extended up to February 17, 2023 vide Directive DOR.MON.D-42/12.22.395/2022-23 dated November 17, 2022. 2. The Reserve Bank of India is satisfied that in the public i
Feb 11, 2023
Directions under Section 35 A read with section 56 of the Banking Regulation Act, 1949 - Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru - Extension of Period
The Reserve Bank of India issued Directions to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka under Section 35 A 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, the validity of which was extended from time to time, last been vide Directive DOR.MON/D-40/12.23.283/2022-23 dated November 09, 2022 up to February 10, 2023. 2. The Reserve Bank of India is satisfied t
The Reserve Bank of India issued Directions to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka under Section 35 A 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, the validity of which was extended from time to time, last been vide Directive DOR.MON/D-40/12.23.283/2022-23 dated November 09, 2022 up to February 10, 2023. 2. The Reserve Bank of India is satisfied t
Feb 10, 2023
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 February 09, 2023 for a period of one month, vide Directive DOR.MON/D-56/12.26.004/2022
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 February 09, 2023 for a period of one month, vide Directive DOR.MON/D-56/12.26.004/2022
Feb 10, 2023
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - Shankarrao Pujari Nutan Nagari Sahakari Bank Ltd., Ichalkaranji, Kolhapur - Extension of Period
The Reserve Bank of India, vide directive CO.DOS.DSD.No.S782/12-07-005/2022-23 dated May 13, 2022, had placed Shankarrao Pujari Nutan Nagari Sahakari Bank Ltd., Ichalkaranji, Kolhapur under Directions from the close of business on May 13, 2022 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to February 12, 2023. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in ex
The Reserve Bank of India, vide directive CO.DOS.DSD.No.S782/12-07-005/2022-23 dated May 13, 2022, had placed Shankarrao Pujari Nutan Nagari Sahakari Bank Ltd., Ichalkaranji, Kolhapur under Directions from the close of business on May 13, 2022 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to February 12, 2023. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in ex
Jan 31, 2023
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - The Kapol Co-operative Bank Ltd Mumbai, Maharashtra - Extension of Period
Reserve Bank of India vide directive DCBS.CO.BSD-I./D-9/12.22.111/2016-17 dated March 30, 2017 had placed The Kapol Cooperative Bank Ltd Mumbai, Maharashtra under Directions from the close of business on March 30, 2017 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to January 31, 2023. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in
Reserve Bank of India vide directive DCBS.CO.BSD-I./D-9/12.22.111/2016-17 dated March 30, 2017 had placed The Kapol Cooperative Bank Ltd Mumbai, Maharashtra under Directions from the close of business on March 30, 2017 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to January 31, 2023. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in
Jan 27, 2023
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - The Karmala Urban Co-operative Bank Limited, Solapur, Maharashtra - Extension of Period
The Reserve Bank of India issued All Inclusive Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) to The Karmala Urban Co-operative Bank Limited, Solapur, Maharashtra vide Directive CO.DOS.SED.No.S2729/12-07-005/2022-2023 dated July 29, 2022 for a period of six months up to January 29, 2023. 2. The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the Directive
The Reserve Bank of India issued All Inclusive Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) to The Karmala Urban Co-operative Bank Limited, Solapur, Maharashtra vide Directive CO.DOS.SED.No.S2729/12-07-005/2022-2023 dated July 29, 2022 for a period of six months up to January 29, 2023. 2. The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the Directive
Jan 27, 2023
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - The Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati, Maharashtra - Extension of period
The Reserve Bank of India issued All Inclusive Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati, Maharashtra vide Directive No.CO.DOS.SED.No.S2698/12-07-005/2022-23 dated July 27, 2022 for a period of six months up to January 28, 2023. 2. The Reserve Bank of lndia is satisfied that in the public interest, it is necessary to extend the period of operation of the Directive No
The Reserve Bank of India issued All Inclusive Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati, Maharashtra vide Directive No.CO.DOS.SED.No.S2698/12-07-005/2022-23 dated July 27, 2022 for a period of six months up to January 28, 2023. 2. The Reserve Bank of lndia is satisfied that in the public interest, it is necessary to extend the period of operation of the Directive No
Jan 27, 2023
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949- Jaiprakash Narayan Nagari Sahakari Bank Ltd., Basmatnagar, Hingoli, Maharashtra - Extension of Period
The Reserve Bank of India issued All Inclusive Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Jaiprakash Narayan Nagari Sahakari Bank Ltd., Basmatnagar, Hingoli, Maharashtra vide Directive CO.DOS.SED.No.S2723/12-07-005/2022-2023 dated July 28, 2022 for a period of six months up to January 29, 2023. 2. The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the Di
The Reserve Bank of India issued All Inclusive Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Jaiprakash Narayan Nagari Sahakari Bank Ltd., Basmatnagar, Hingoli, Maharashtra vide Directive CO.DOS.SED.No.S2723/12-07-005/2022-2023 dated July 28, 2022 for a period of six months up to January 29, 2023. 2. The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the Di
Jan 27, 2023
Directions under Section 35 A read with section 56 of the Banking Regulation Act, 1949 - Durga Co-operative Urban Bank Ltd., Vijayawada - Extension of period
The Reserve Bank of India issued Directions to Durga Co-operative Urban Bank Ltd., Vijayawada under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive No. Hyd.DOS.INSP4.No.S241/15-36-070/2022-2023 dated July 28, 2022 for a period of six months upto January 29, 2023. 2. The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of Directive No. Hyd.DOS.INSP4.No.S241/15-36-070/20
The Reserve Bank of India issued Directions to Durga Co-operative Urban Bank Ltd., Vijayawada under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive No. Hyd.DOS.INSP4.No.S241/15-36-070/2022-2023 dated July 28, 2022 for a period of six months upto January 29, 2023. 2. The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of Directive No. Hyd.DOS.INSP4.No.S241/15-36-070/20
Jan 27, 2023
Extension of validity of Directions under Section 35A read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Urban Co-operative Bank Ltd., Sitapur (U.P.)
The Reserve Bank of India (RBI) has extended the directions issued to the Urban Co-operative Bank Ltd., Sitapur (U.P.) for a period of three (03) months from January 29, 2023 to April 28, 2023, subject to review. The bank has been under direction from the close of business on July 28, 2022 vide directive order LKO.DOS.SED.No.S257/10-12-414/2022-23 dated July 27, 2022 issued under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS). The validity
The Reserve Bank of India (RBI) has extended the directions issued to the Urban Co-operative Bank Ltd., Sitapur (U.P.) for a period of three (03) months from January 29, 2023 to April 28, 2023, subject to review. The bank has been under direction from the close of business on July 28, 2022 vide directive order LKO.DOS.SED.No.S257/10-12-414/2022-23 dated July 27, 2022 issued under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS). The validity
Jan 27, 2023
Extension of validity of Directions under Section 35A read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Lucknow Urban Co-operative Bank Ltd., Lucknow (U.P.)
The Reserve Bank of India (RBI) has extended the directions issued to the Lucknow Urban Co-operative Bank Ltd., Lucknow (U.P.) for a period of three (03) months from January 29, 2023 to April 28, 2023, subject to review. The bank has been under direction from the close of business of July 28, 2022 vide directive order LKO.DOS.SED.No.S256/10-03-556/2022-23 dated July 27, 2022 issued under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS). The
The Reserve Bank of India (RBI) has extended the directions issued to the Lucknow Urban Co-operative Bank Ltd., Lucknow (U.P.) for a period of three (03) months from January 29, 2023 to April 28, 2023, subject to review. The bank has been under direction from the close of business of July 28, 2022 vide directive order LKO.DOS.SED.No.S256/10-03-556/2022-23 dated July 27, 2022 issued under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS). The
Jan 25, 2023
Extension of validity of Directions under Section 35A of the Banking Regulation Act, 1949 (AACS)- Indian Mercantile Co-operative Bank Ltd., Lucknow (U.P)
The Reserve Bank of India (RBI) has extended the directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow (U.P) for a period of three (03) months from January 28, 2023 to April 27, 2023, subject to review. The bank has been under direction since January 28, 2022 vide directive order DOS.CO.OCCD/185569/12.28.007/2021-22 dated January 28, 2022 issued under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS). The validity of the
The Reserve Bank of India (RBI) has extended the directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow (U.P) for a period of three (03) months from January 28, 2023 to April 27, 2023, subject to review. The bank has been under direction since January 28, 2022 vide directive order DOS.CO.OCCD/185569/12.28.007/2021-22 dated January 28, 2022 issued under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS). The validity of the
Jan 24, 2023
Extension of validity of Directions under Section 35 A read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - The Suri Friends’ Union Co-operative Bank Ltd, Suri, West Bengal
The Reserve Bank of lndia (RBI) has extended the directions issued to the Suri Friends' Union Co-operative Bank Limited, Suri (West Bengal) for a period of three (03) months from January 23, 2023 to April 22, 2023, subject to review. The bank has been under direction from the close of business of July 22, 2022 vide directive order CO.DOS.SED.No.S2574/12-07-005/2022-23 dated July 21, 2022 issued under section 35 A read with section 56 of the Banking Regulation Act, 194
The Reserve Bank of lndia (RBI) has extended the directions issued to the Suri Friends' Union Co-operative Bank Limited, Suri (West Bengal) for a period of three (03) months from January 23, 2023 to April 22, 2023, subject to review. The bank has been under direction from the close of business of July 22, 2022 vide directive order CO.DOS.SED.No.S2574/12-07-005/2022-23 dated July 21, 2022 issued under section 35 A read with section 56 of the Banking Regulation Act, 194
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