Press Releases - Regulating Co-operative Banking - RBI - Reserve Bank of India
Press Releases
Jan 09, 2023
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - Sri Sharada Mahila Co-operative Bank Limited, Tumkur, Karnataka - Extension of period
The Reserve Bank of India issued Directions to Sri Sharada Mahila Co-operative Bank Limited, Tumkur, Karnataka under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 vide Directive BLR.DOS.SSMS.No.S530/13-04-179/2022-23 dated July 07, 2022. 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 BLR.DOS.SSMS.No.S530/13-04-179/2022-23 dated July 07, 2022 issued to Sri
The Reserve Bank of India issued Directions to Sri Sharada Mahila Co-operative Bank Limited, Tumkur, Karnataka under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 vide Directive BLR.DOS.SSMS.No.S530/13-04-179/2022-23 dated July 07, 2022. 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 BLR.DOS.SSMS.No.S530/13-04-179/2022-23 dated July 07, 2022 issued to Sri
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Jan 08, 2023
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - Shushruti Souharda Sahakara Bank Niyamita, Bengaluru, Karnataka - Extension of period
The Reserve Bank of India issued Directions to Shushruti Souharda Sahakara Bank Niyamita, Bengaluru under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 vide Directive CO.DOS.DSD.No.S98/10-01-23/2022-23 dated April 07, 2022, which were extended from time to time, last being up to January 07, 2023, vide Directive DOR.MON/D-34/10.01.023/2022-23 dated October 06, 2022. 2. The Reserve Bank of India is satisfied that in the public interest, it is nec
The Reserve Bank of India issued Directions to Shushruti Souharda Sahakara Bank Niyamita, Bengaluru under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 vide Directive CO.DOS.DSD.No.S98/10-01-23/2022-23 dated April 07, 2022, which were extended from time to time, last being up to January 07, 2023, vide Directive DOR.MON/D-34/10.01.023/2022-23 dated October 06, 2022. 2. The Reserve Bank of India is satisfied that in the public interest, it is nec
Jan 06, 2023
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Ramgarhia Co-operative Bank Ltd, New Delhi - Extension of Period
The Reserve Bank of India, vide directive DEL.DOS.EXG_SSM No.S515/12-10-013/2022-23 dated July 07, 2022., had placed Ramgarhia Co-operative Bank Ltd, New Delhi under Directions from the close of business on July 08, 2022, for a period of six months. 2. The Reserve Bank of India, in the exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the aforesaid Directions shall contin
The Reserve Bank of India, vide directive DEL.DOS.EXG_SSM No.S515/12-10-013/2022-23 dated July 07, 2022., had placed Ramgarhia Co-operative Bank Ltd, New Delhi under Directions from the close of business on July 08, 2022, for a period of six months. 2. The Reserve Bank of India, in the exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the aforesaid Directions shall contin
Jan 05, 2023
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Sangli Sahakari Bank Limited, Mumbai, Maharashtra- Extension of Period
The Reserve Bank of India, vide directive CO.DOS.DSD.No.S2322/12-07-005/2022-23 dated July 07, 2022., had placed Sangli Sahakari Bank Limited, Mumbai, Maharashtra– Extension of Period under Directions from the close of business on July 08, 2022, for a period of six months. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in the exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the B
The Reserve Bank of India, vide directive CO.DOS.DSD.No.S2322/12-07-005/2022-23 dated July 07, 2022., had placed Sangli Sahakari Bank Limited, Mumbai, Maharashtra– Extension of Period under Directions from the close of business on July 08, 2022, for a period of six months. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in the exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the B
Jan 05, 2023
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Sahebrao Deshmukh Co-operative Bank Limited, Mumbai, Maharashtra - Extension of Period
The Reserve Bank of India, vide directive CO.DOS.DSD.No.S2323/12-07-005/2022-23 dated July 07, 2022., had placed Sahebrao Deshmukh Co-operative Bank Limited, Mumbai, Maharashtra under Directions from the close of business on July 08, 2022, for a period of six months. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in the exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking
The Reserve Bank of India, vide directive CO.DOS.DSD.No.S2323/12-07-005/2022-23 dated July 07, 2022., had placed Sahebrao Deshmukh Co-operative Bank Limited, Mumbai, Maharashtra under Directions from the close of business on July 08, 2022, for a period of six months. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in the exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking
Dec 10, 2022
Directions under Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Sikar Urban Co-operative Bank Ltd, Sikar, Rajasthan- Extension of Validity
Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan was placed under All-Inclusive Directions from close of business on November 09, 2018 for a period of six months subject to review, vide Directive dated October 26, 2018. The validity of the directions was last extended vide Directive dated September 07, 2022 for three months up to December 09, 2022, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exerci
Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan was placed under All-Inclusive Directions from close of business on November 09, 2018 for a period of six months subject to review, vide Directive dated October 26, 2018. The validity of the directions was last extended vide Directive dated September 07, 2022 for three months up to December 09, 2022, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exerci
Dec 09, 2022
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Dwarkadas Mantri Nagari Sahakari Bank Ltd., Beed, Maharashtra - Extension of Period
The Reserve Bank of India issued Directions to Dwarkadas Mantri Nagari Sahakari Bank Ltd., Beed, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DoS.CO.NSUCBs-West/D-4/S3706/12.07.005/2021-22 dated March 9, 2022 which were extended from time to time, last being up to December 9, 2022, vide Directive DOR.MON/D-32/12.22.613/2022-23 dated September 9, 2022. 2. The Reserve Bank of India is satisfied that in the public
The Reserve Bank of India issued Directions to Dwarkadas Mantri Nagari Sahakari Bank Ltd., Beed, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DoS.CO.NSUCBs-West/D-4/S3706/12.07.005/2021-22 dated March 9, 2022 which were extended from time to time, last being up to December 9, 2022, vide Directive DOR.MON/D-32/12.22.613/2022-23 dated September 9, 2022. 2. The Reserve Bank of India is satisfied that in the public
Dec 09, 2022
Directions under Section 35A 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 December 09, 2022 vide the Directive DoR.MON/D-29/12.26.004/2022-23 dated September 05,
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 December 09, 2022 vide the Directive DoR.MON/D-29/12.26.004/2022-23 dated September 05,
Dec 06, 2022
Directions under Section 35 A read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) Sumerpur Mercantile Urban Co-operative Bank Ltd., Sumerpur, Pali
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.JAI.DOS.SED.No.S449/12-02-040/2022-2023 dated December 05, 2022, has issued certain Directions to Sumerpur Mercantile Urban Co-operative Bank Ltd., Sumerpur, Pali, whereby, as from the close of
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.JAI.DOS.SED.No.S449/12-02-040/2022-2023 dated December 05, 2022, has issued certain Directions to Sumerpur Mercantile Urban Co-operative Bank Ltd., Sumerpur, Pali, whereby, as from the close of
Dec 06, 2022
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Nagar Urban Co-operative Bank Ltd., Ahmednagar - Extension of Period
Reserve Bank of India vide directive DoS.CO.SUCBs-West/S2399/12.22.159/2021-22 dated December 06, 2021 had placed Nagar Urban Co-operative Bank Ltd., Ahmednagar under Directions from the close of business on December 06, 2021 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to December 06, 2022. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers v
Reserve Bank of India vide directive DoS.CO.SUCBs-West/S2399/12.22.159/2021-22 dated December 06, 2021 had placed Nagar Urban Co-operative Bank Ltd., Ahmednagar under Directions from the close of business on December 06, 2021 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to December 06, 2022. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers v
Nov 30, 2022
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Maratha Sahakari Bank Limited, Mumbai, Maharashtra - Extension of Period
The Reserve Bank of India, vide directive DCBS.CO.BSD-I/D-4/12.22.141/2016-17 dated August 31, 2016, had placed Maratha Sahakari Bank Limited, Mumbai, Maharashtra under Directions from the close of business on August 31, 2016 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to November 30, 2022. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers v
The Reserve Bank of India, vide directive DCBS.CO.BSD-I/D-4/12.22.141/2016-17 dated August 31, 2016, had placed Maratha Sahakari Bank Limited, Mumbai, Maharashtra under Directions from the close of business on August 31, 2016 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to November 30, 2022. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers v
Nov 30, 2022
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Harihareshwar Sahakari Bank Limited, Wai, Satara - Extension of period
The Reserve Bank of India, vide directive CO.DOS.DSD.No.S1012/12-07-005/2022-2023 dated May 31, 2022, had placed Harihareshwar Sahakari Bank Limited, Wai, Satara under Directions from the close of business on May 31, 2022. 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 sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the af
The Reserve Bank of India, vide directive CO.DOS.DSD.No.S1012/12-07-005/2022-2023 dated May 31, 2022, had placed Harihareshwar Sahakari Bank Limited, Wai, Satara under Directions from the close of business on May 31, 2022. 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 sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the af
Nov 24, 2022
Directions under Section 35A 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 35A 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 November 24, 2022 vide Directive DOR.MON/D-26/12.22.638/2022-23 dated August 23, 2022. 2. The Reserve Bank of India is satisfied that in
The Reserve Bank of India issued Directions to The Malkapur Urban Co-operative Bank Ltd., Buldhana, Maharashtra under Section 35A 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 November 24, 2022 vide Directive DOR.MON/D-26/12.22.638/2022-23 dated August 23, 2022. 2. The Reserve Bank of India is satisfied that in
Nov 23, 2022
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Garha Co-operative Bank Ltd., Guna- Extension of period
The Reserve Bank of India, in the public interest, had issued directions to Garha Co-operative Bank Ltd., Guna, Madhya Pradesh in exercise of 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 February 24, 2021. The validity of the directions was extended from time-to-time, the last being up to November 24, 2022. The Reserve Bank of India has now further extended the D
The Reserve Bank of India, in the public interest, had issued directions to Garha Co-operative Bank Ltd., Guna, Madhya Pradesh in exercise of 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 February 24, 2021. The validity of the directions was extended from time-to-time, the last being up to November 24, 2022. The Reserve Bank of India has now further extended the D
Nov 17, 2022
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra - Extension of Period
The Reserve Bank of India, in the public interest, had issued directions to Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) vide Directive DCBS.CO.BSD-I/D-7/12.22.395/2017-18 dated May 18, 2018 as modified from time to time, last being vide Directive DOR.MON/D-24/12.22.395/2022-23 dated August 17, 2022
The Reserve Bank of India, in the public interest, had issued directions to Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) vide Directive DCBS.CO.BSD-I/D-7/12.22.395/2017-18 dated May 18, 2018 as modified from time to time, last being vide Directive DOR.MON/D-24/12.22.395/2022-23 dated August 17, 2022
Nov 11, 2022
Directions u/s 35A 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 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, the validity of which was extended from time to time, last been vide Directive DOR.MON/D-07/12.23.283/2022-23 dated May 09, 2022 up to November 10, 2022. 2. The Reserve Bank of India is satisfied that in
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, the validity of which was extended from time to time, last been vide Directive DOR.MON/D-07/12.23.283/2022-23 dated May 09, 2022 up to November 10, 2022. 2. The Reserve Bank of India is satisfied that in
Nov 11, 2022
RBI cancels the licence of Babaji Date Mahila Sahakari Bank Limited, Yavatmal, Maharashtra
Today, the Reserve Bank of India (RBI), vide order dated November 09, 2022, has cancelled the licence of “Babaji Date Mahila Sahakari Bank Limited, Yavatmal, Maharashtra”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on November 11, 2022. The Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for
Today, the Reserve Bank of India (RBI), vide order dated November 09, 2022, has cancelled the licence of “Babaji Date Mahila Sahakari Bank Limited, Yavatmal, Maharashtra”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on November 11, 2022. The Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for
Nov 11, 2022
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, i.e., till November 12, 2022. 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 sub-section (1) of Section 35 A read
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, i.e., till November 12, 2022. 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 sub-section (1) of Section 35 A read
Nov 07, 2022
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - Babaji Date Mahila Sahakari Bank Limited, Yavatmal, Maharashtra - Extension of Period
The Reserve Bank of India, in the public interest, had issued directions to Babaji Date Mahila Sahakari Bank Limited, Yavatmal, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) vide Directive NGP.DOS.SSM-2. No.S817/15.04.168/2021-22 dated November 8, 2021 as modified from time to time, last being vide Directive DOR.MON/D-22/12.28.088/2022-23 dated August 4, 2022 in term
The Reserve Bank of India, in the public interest, had issued directions to Babaji Date Mahila Sahakari Bank Limited, Yavatmal, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) vide Directive NGP.DOS.SSM-2. No.S817/15.04.168/2021-22 dated November 8, 2021 as modified from time to time, last being vide Directive DOR.MON/D-22/12.28.088/2022-23 dated August 4, 2022 in term
Nov 02, 2022
Cancellation of licence to carry on banking business in India under Section 22 read with Section 56 of the Banking Regulation Act, 1949 - Rupee Co-operative Bank Ltd., Pune
The Reserve Bank of India, vide order No.DOR.MON.LC-04/12.22.218/2022-23 dated August 08, 2022, had cancelled the banking licence of Rupee Co-operative Bank Ltd, Pune on August 10, 2022. However, the Hon’ble High Court of Bombay in Writ Petition No. 11300 of 2022 (Rupee Co-operative Bank Ltd vs. The Union of India and Ors.) vide order dated September 22, 2022, had suspended the cancellation order dated August 8, 2022 till the conclusion of the appeal filed by Rupee Co
The Reserve Bank of India, vide order No.DOR.MON.LC-04/12.22.218/2022-23 dated August 08, 2022, had cancelled the banking licence of Rupee Co-operative Bank Ltd, Pune on August 10, 2022. However, the Hon’ble High Court of Bombay in Writ Petition No. 11300 of 2022 (Rupee Co-operative Bank Ltd vs. The Union of India and Ors.) vide order dated September 22, 2022, had suspended the cancellation order dated August 8, 2022 till the conclusion of the appeal filed by Rupee Co
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