Press Releases - Regulating Co-operative Banking - RBI - Reserve Bank of India
Press Releases
Oct 15, 2020
Directions under Section 35A read with Section 56 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 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on January 17, 2019. These directions were modified from time to time, the validity of which was last extended upto October 17, 2020. These shall contin
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 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on January 17, 2019. These directions were modified from time to time, the validity of which was last extended upto October 17, 2020. These shall contin
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Oct 09, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - Kolikata Mahila Co-operative Bank Limited, 8D Krishna Laha Lane, Kolkata - 700012, 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 October 09, 2020. Reserve Bank of India has now, in public interest, further extended the Directi
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 October 09, 2020. Reserve Bank of India has now, in public interest, further extended the Directi
Oct 07, 2020
Directions under Section 35A 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 Co-Operative Bank Limited, Dist- Bagalkot, Karnataka, under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD-III.D-11/12.23.094/2018-19 dated April 2, 2019, as modified from time to time, which were last extended up to October 7, 2020 vide Directive DOR.CO.AID.No.D-94/12.23.094/2019-20, dated June 29, 2020. 2. The Reserve Bank of India is satisfied th
The Reserve Bank of India issued All Inclusive Directions to The Mudhol Co-Operative Bank Limited, Dist- Bagalkot, Karnataka, under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD-III.D-11/12.23.094/2018-19 dated April 2, 2019, as modified from time to time, which were last extended up to October 7, 2020 vide Directive DOR.CO.AID.No.D-94/12.23.094/2019-20, dated June 29, 2020. 2. The Reserve Bank of India is satisfied th
Oct 03, 2020
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Shivaji Rao Bhosale Sahakari Bank Ltd., Pune, Maharashtra- Extension of period
Shivaji Rao Bhosale Sahakari Bank Ltd., Pune, Maharashtra, was placed under directions from close of business on May 04, 2019, vide Directive DCBS.CO.BSD-I/D-14/12.22.254/2018-19 dated May 03, 2019, for a period of six months. The validity of the directions was last extended up to October 04, 2020 vide our Directive DOR.CO.AID./No. D-10/12.22.254/2020-21 dated July 31, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in
Shivaji Rao Bhosale Sahakari Bank Ltd., Pune, Maharashtra, was placed under directions from close of business on May 04, 2019, vide Directive DCBS.CO.BSD-I/D-14/12.22.254/2018-19 dated May 03, 2019, for a period of six months. The validity of the directions was last extended up to October 04, 2020 vide our Directive DOR.CO.AID./No. D-10/12.22.254/2020-21 dated July 31, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in
Sep 30, 2020
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, (AACS) - Vasantdada Nagari Sahakari Bank Ltd Dist. Osmanabad, Maharashtra-Extension of period
Reserve Bank of India, in the public interest, had issued directions to Vasantdada Nagari Sahakari Bank Ltd., Osmanabad, Maharashtra in exercise of 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 November 13, 2017. These directions were modified from time to time, the validity of which was last extended upto September 30, 2020. These shall continue to apply to the ba
Reserve Bank of India, in the public interest, had issued directions to Vasantdada Nagari Sahakari Bank Ltd., Osmanabad, Maharashtra in exercise of 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 November 13, 2017. These directions were modified from time to time, the validity of which was last extended upto September 30, 2020. These shall continue to apply to the ba
Sep 26, 2020
Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - U. P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow
The Reserve Bank of India (RBI) has extended the Directions issued to the U. P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow for a further period of three months from September 26, 2020 to December 25, 2020, subject to review. The bank has been under directions since September 25, 2018 vide directive DCBS.CO.BSD-IV/D-1/12.28.029/2018-19 dated September 19, 2018 issued under Sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 (AACS). The va
The Reserve Bank of India (RBI) has extended the Directions issued to the U. P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow for a further period of three months from September 26, 2020 to December 25, 2020, subject to review. The bank has been under directions since September 25, 2018 vide directive DCBS.CO.BSD-IV/D-1/12.28.029/2018-19 dated September 19, 2018 issued under Sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 (AACS). The va
Sep 25, 2020
Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - Hindu Cooperative Bank Ltd., Pathankot, Punjab - Extension of Period
Reserve Bank of India, in the public interest, had issued Directions to Hindu Co-operative Bank Ltd., Pathankot, Punjab 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 March 25, 2019. These Directions were modified from time to time, the validity of which was last extended up to September 24, 2020. These Directives shall continue to apply to the bank
Reserve Bank of India, in the public interest, had issued Directions to Hindu Co-operative Bank Ltd., Pathankot, Punjab 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 March 25, 2019. These Directions were modified from time to time, the validity of which was last extended up to September 24, 2020. These Directives shall continue to apply to the bank
Sep 24, 2020
Reserve Bank of India imposes monetary penalty on Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal
The Reserve Bank of India (RBl) has imposed, by an order dated September 23, 2020 a monetary penalty of ₹0.50 lakh on Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (the bank) for non-compliance with directions issued by RBI on director related loans. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and section 56 of the Banking Regulation Act, 1949, taking into account the
The Reserve Bank of India (RBl) has imposed, by an order dated September 23, 2020 a monetary penalty of ₹0.50 lakh on Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (the bank) for non-compliance with directions issued by RBI on director related loans. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and section 56 of the Banking Regulation Act, 1949, taking into account the
Sep 24, 2020
Reserve Bank of India imposes monetary penalty on Nashik Zilla Girna Sahakari Bank Ltd., Nashik
The Reserve Bank of India (RBl) has imposed, by an order dated September 23, 2020 a monetary penalty of ₹2,000 on Nashik Jillha Girna Sahakari Bank Ltd., Nashik (the bank) for contravention of Section 15 of the Credit Information Companies (Regulation) Act, 2005 (CIC Act). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 25 (1) (iii) read with Section 23 (4) of the CIC Act, taking into account the failure of the bank to
The Reserve Bank of India (RBl) has imposed, by an order dated September 23, 2020 a monetary penalty of ₹2,000 on Nashik Jillha Girna Sahakari Bank Ltd., Nashik (the bank) for contravention of Section 15 of the Credit Information Companies (Regulation) Act, 2005 (CIC Act). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 25 (1) (iii) read with Section 23 (4) of the CIC Act, taking into account the failure of the bank to
Sep 24, 2020
RBI publishes “’Technology Vision for Cyber Security’ for Urban Co-operative Banks - 2020-2023”
The Reserve Bank of India has today placed on its website the “’Technology Vision for Cyber Security’ for Urban Co-operative Banks (UCBs) - 2020-2023”. The Technology Vision Document aims at enhancing the cyber security posture of the Urban Co-operative banking sector against evolving IT and cyber threat environment. The Technology Vision Document for Cyber Security for UCBs has been formalised based on inputs from various stakeholders. It envisages to achieve its obj
The Reserve Bank of India has today placed on its website the “’Technology Vision for Cyber Security’ for Urban Co-operative Banks (UCBs) - 2020-2023”. The Technology Vision Document aims at enhancing the cyber security posture of the Urban Co-operative banking sector against evolving IT and cyber threat environment. The Technology Vision Document for Cyber Security for UCBs has been formalised based on inputs from various stakeholders. It envisages to achieve its obj
Sep 24, 2020
Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - Shri Anand Co-operative Bank Ltd. Chinchwad, Pune, Maharashtra
Shri Anand Co-operative Bank Ltd. Chinchwad, Pune, Maharashtra, was placed under directions from close of business on June 25, 2019, vide Directive DCBS.CO.BSD-I/D-16/12.22.474/2018-19 dated June 21, 2019, for a period of six months. The validity of the directions was last extended up to September 24, 2020 vide our Directive DOR.CO.AID./No.D-65/12.22.474/2019-20 dated March 19, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of
Shri Anand Co-operative Bank Ltd. Chinchwad, Pune, Maharashtra, was placed under directions from close of business on June 25, 2019, vide Directive DCBS.CO.BSD-I/D-16/12.22.474/2018-19 dated June 21, 2019, for a period of six months. The validity of the directions was last extended up to September 24, 2020 vide our Directive DOR.CO.AID./No.D-65/12.22.474/2019-20 dated March 19, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of
Sep 22, 2020
Punjab and Maharashtra Cooperative Bank Limited, Mumbai, Maharashtra - Appointment of a new Administrator
Punjab and Maharashtra Cooperative (PMC) 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. The aforesaid directive is presently valid till December 22, 2020. It was also considered
Punjab and Maharashtra Cooperative (PMC) 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. The aforesaid directive is presently valid till December 22, 2020. It was also considered
Sep 17, 2020
Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - Padmashri Dr. Vitthalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra - Extension of Period
Reserve Bank of India, in the public interest, had issued directions to Padmashri Dr. Vitthalrao 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) from the close of business on May 19, 2018.These directions were modified from time to time, the validity of which was last extended upto September 17, 2020.These shall continue to a
Reserve Bank of India, in the public interest, had issued directions to Padmashri Dr. Vitthalrao 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) from the close of business on May 19, 2018.These directions were modified from time to time, the validity of which was last extended upto September 17, 2020.These shall continue to a
Sep 09, 2020
Directions under Section 35 A 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 May 4, 2020 for four months up to September 9, 2020, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of po
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 May 4, 2020 for four months up to September 9, 2020, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of po
Sep 08, 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 DOR.CO.AID/No.D-84/12.22.126/2019-20 dated June 03, 2020 up to September 09, 2020. 2. It is hereby notified for the information of the public that, the Reserv
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 DOR.CO.AID/No.D-84/12.22.126/2019-20 dated June 03, 2020 up to September 09, 2020. 2. It is hereby notified for the information of the public that, the Reserv
Aug 31, 2020
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Bidar Mahila Urban Co-operative Bank Ltd., Bidar, Karnataka - Extension of period
The Reserve Bank of India issued All Inclusive Directions to Bidar Mahila Urban Co-operative Bank Ltd., Bidar, Karnataka, under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD-III.No.D-8/12. 23.212/2018-19 dated February 21, 2019 for a period of six months with effect from close of business of February 28, 2019, which were last extended up to August 31, 2020 vide Directive DOR.CO.AID.NO.D-56/12.23.212/2019-20, dated Febr
The Reserve Bank of India issued All Inclusive Directions to Bidar Mahila Urban Co-operative Bank Ltd., Bidar, Karnataka, under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD-III.No.D-8/12. 23.212/2018-19 dated February 21, 2019 for a period of six months with effect from close of business of February 28, 2019, which were last extended up to August 31, 2020 vide Directive DOR.CO.AID.NO.D-56/12.23.212/2019-20, dated Febr
Aug 31, 2020
Directions issued to the Rupee Co-operative Bank Ltd., Pune, Maharashtra - Extension of Period
The Reserve Bank of India (vide directive UBD.CO.BSD I/D-28/12.22.218/2012-13 dated February 21, 2013) had placed the Rupee Co-operative Bank Ltd., Pune under Directions from the close of business on February 22, 2013. The validity of the directions was extended from time-to-time, the last being up to August 31, 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 Sub-section (1) of
The Reserve Bank of India (vide directive UBD.CO.BSD I/D-28/12.22.218/2012-13 dated February 21, 2013) had placed the Rupee Co-operative Bank Ltd., Pune under Directions from the close of business on February 22, 2013. The validity of the directions was extended from time-to-time, the last being up to August 31, 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 Sub-section (1) of
Aug 28, 2020
Directions under Section 35 A read with section 56 of the Banking Regulation Act, 1949- Kerala Mercantile Co- operative Bank Ltd., Kozhikode, Kerala- Withdrawal of directions
The Reserve Bank of India issued Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 to Kerala Mercantile Co- operative Bank Ltd., Kozhikode, vide Directive DCBS.CO.PCC.D-15/12.26.058/2018-19 dated May 29, 2019. The said Directions were extended and modified from time to time, last modified vide Directive DOR.CO.AID.No.D-92/12.26.058/2019-20 dated June 19, 2020 in terms of which among other conditions, a sum not exceeding ₹50,000/- o
The Reserve Bank of India issued Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 to Kerala Mercantile Co- operative Bank Ltd., Kozhikode, vide Directive DCBS.CO.PCC.D-15/12.26.058/2018-19 dated May 29, 2019. The said Directions were extended and modified from time to time, last modified vide Directive DOR.CO.AID.No.D-92/12.26.058/2019-20 dated June 19, 2020 in terms of which among other conditions, a sum not exceeding ₹50,000/- o
Aug 27, 2020
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - Shivaji Rao Bhosale Sahakari Bank Ltd., Pune, Maharashtra- Extension of period
Shivaji Rao Bhosale Sahakari Bank Ltd., Pune was placed under directions vide directive DCBS.CO.BSD-I/D-14/12.22.254/2018-19 dated May 03, 2019 from the close of business on May 04, 2019. The validity of the above directions were extended from time to time, the last being vide Directive DOR.CO.AID.No. D-77/12.22.254/2019-20 dated April 24, 2020 and is valid up to August 04, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of Indi
Shivaji Rao Bhosale Sahakari Bank Ltd., Pune was placed under directions vide directive DCBS.CO.BSD-I/D-14/12.22.254/2018-19 dated May 03, 2019 from the close of business on May 04, 2019. The validity of the above directions were extended from time to time, the last being vide Directive DOR.CO.AID.No. D-77/12.22.254/2019-20 dated April 24, 2020 and is valid up to August 04, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of Indi
Aug 14, 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, District- 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 August 17, 2020.
Reserve Bank of India, in the public interest, had issued Directions to Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud, District- 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 August 17, 2020.
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