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Official Website of Reserve Bank of India
Press Releases
Aug 13, 2008
RBI places Reports of three Working Groups on its website for comments
The Reserve Bank of India has today placed on its website for public comments, reports of three Working Groups. These are : (i) Defraying Costs of ICT Solutions for Regional Rural Banks (RRBs); (ii) Technology Upgradation of Regional Rural Banks; and (iii) IT support for Urban Co-operative Banks. The setting up of the Working Groups was announced in the Mid-Term Review of the Annual Policy for 2007-08. The Working Group on Defraying Costs of ICT Solutions for Regional
The Reserve Bank of India has today placed on its website for public comments, reports of three Working Groups. These are : (i) Defraying Costs of ICT Solutions for Regional Rural Banks (RRBs); (ii) Technology Upgradation of Regional Rural Banks; and (iii) IT support for Urban Co-operative Banks. The setting up of the Working Groups was announced in the Mid-Term Review of the Annual Policy for 2007-08. The Working Group on Defraying Costs of ICT Solutions for Regional
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Jul 25, 2008
Licence of The Priyadarshini Mahila Sahakari Bank Ltd., Latur, Cancelled
The Reserve Bank of India cancelled the licence of The Priyadarshini Mahila Sahakari Bank Ltd., Latur, Maharashtra, which had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra, had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank on July 23, 2008. The Commissioner for Co-operation and Registrar of Co-operati
The Reserve Bank of India cancelled the licence of The Priyadarshini Mahila Sahakari Bank Ltd., Latur, Maharashtra, which had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra, had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank on July 23, 2008. The Commissioner for Co-operation and Registrar of Co-operati
Jul 23, 2008
RBI Constitutes Working Group on Umbrella Organisation and Constitution of Revival Fund for UCBs
The Reserve Bank of India has constituted a working group under the Chairmanship of its Executive Director, Shri V.S Das, to suggest measures, including the appropriate regulatory and supervisory framework, to facilitate emergence of umbrella organisation(s) for the urban cooperative banking sector in each state. Further, and as opined by the Standing Advisory Committee for UCBs, the working group may also look into the issues concerning creation of Revival Fund for t
The Reserve Bank of India has constituted a working group under the Chairmanship of its Executive Director, Shri V.S Das, to suggest measures, including the appropriate regulatory and supervisory framework, to facilitate emergence of umbrella organisation(s) for the urban cooperative banking sector in each state. Further, and as opined by the Standing Advisory Committee for UCBs, the working group may also look into the issues concerning creation of Revival Fund for t
Jun 25, 2008
Licence of Shri B.J.Khatal Janata Sahakari Bank Ltd., Sangamner, Cancelled
The Reserve Bank of India cancelled the licence of Shri B.J.Khatal Janata Sahakari Bank Ltd., Sangamner, Maharashtra after the close of business on June 11, 2008. The bank had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors were being inconvenienced by continued uncertaintyThe Registrar of Co-operative Societies, Maharashtra has also been requested to issue an order for winding up th
The Reserve Bank of India cancelled the licence of Shri B.J.Khatal Janata Sahakari Bank Ltd., Sangamner, Maharashtra after the close of business on June 11, 2008. The bank had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors were being inconvenienced by continued uncertaintyThe Registrar of Co-operative Societies, Maharashtra has also been requested to issue an order for winding up th
Feb 26, 2008
Reserve Bank Cancels the Licence of The Bharuch Nagarik Sahakari Bank Ltd., Bharuch (Gujarat)
In view of the fact that the Bharuch Nagarik Sahakari Bank Ltd., Bharuch Gujarat, had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank on February 22, 2008. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an order for windin
In view of the fact that the Bharuch Nagarik Sahakari Bank Ltd., Bharuch Gujarat, had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank on February 22, 2008. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an order for windin
Feb 07, 2008
Reserve Bank Cancels the Licence of the Laxmeshwar Urban Co-operative Credit Bank Ltd, Laxmeshwar, Karnataka
In view of the fact that The Laxmeshwar Urban Co-operative Credit Bank Ltd, Laxmeshwar, (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on February 05, 2008. The Registrar of Co-operative Societies, K
In view of the fact that The Laxmeshwar Urban Co-operative Credit Bank Ltd, Laxmeshwar, (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on February 05, 2008. The Registrar of Co-operative Societies, K
Feb 05, 2008
Reserve Bank Cancels the Licence of Shree Janata Sahakara Bank Ltd., Radhanpur (Gujarat)
In view of the fact that Shree Janata Sahakara Bank Ltd., Radhanpur (Gujarat) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence to the bank after the close of business on January 31, 2008. The Registrar of Co-operative Societies, Gujarat has also been req
In view of the fact that Shree Janata Sahakara Bank Ltd., Radhanpur (Gujarat) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence to the bank after the close of business on January 31, 2008. The Registrar of Co-operative Societies, Gujarat has also been req
Jan 31, 2008
Reserve Bank Cancels the Licence of the
Maratha Co-operative Bank Ltd., Hubli, Karnataka
Maratha Co-operative Bank Ltd., Hubli, Karnataka
In view of the fact that The Maratha Co-operative Bank Ltd., Hubli, (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on January 29, 2008. The Registrar of Co-operative Societies, Karnataka has also bee
In view of the fact that The Maratha Co-operative Bank Ltd., Hubli, (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on January 29, 2008. The Registrar of Co-operative Societies, Karnataka has also bee
Jan 02, 2008
Reserve Bank Cancels the Licence of The Ravi Co-operative Bank Ltd., Kolhapur,Maharashtra
In view of the fact that The Ravi Co-operative Bank Ltd., Kolhapur, Maharashtra, had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on December 27, 2007. The Registrar of Co-operative Societies, Maharashtra has also been requ
In view of the fact that The Ravi Co-operative Bank Ltd., Kolhapur, Maharashtra, had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on December 27, 2007. The Registrar of Co-operative Societies, Maharashtra has also been requ
Dec 31, 2007
Reserve Bank Cancels the Licence of the Dakor Mahila Nagarik Sahakari Bank Ltd., Dakor (Gujarat)
In view of the fact that the Dakor Mahila Nagarik Sahakari Bank Ltd., Dakor Gujarat, had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank on December 29,2007. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an order for wind
In view of the fact that the Dakor Mahila Nagarik Sahakari Bank Ltd., Dakor Gujarat, had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank on December 29,2007. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an order for wind
Dec 28, 2007
Reserve Bank Cancels the Licence of the Talod Janata Sahakara Bank Ltd., Talod (Gujarat)
In view of the fact that The Talod Janata Sahakara Bank Ltd, Talod (Gujarat) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence to the bank after the close of business on December 27, 2007. The Registrar of Co-operative Societies, Gujarat has also been req
In view of the fact that The Talod Janata Sahakara Bank Ltd, Talod (Gujarat) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence to the bank after the close of business on December 27, 2007. The Registrar of Co-operative Societies, Gujarat has also been req
Dec 11, 2007
Shri Parola Urban Co-operative Bank Ltd.,Jalgaon, Maharashtra - Penalised
The Reserve Bank of India has imposed a monetary penalty of Rs.1.00 lakh (Rupees one lakh only) on Shri Parola Urban Co-operative Bank Ltd., Jalgaon, Maharashtra for violation of Reserve Bank of India's directive on credit exposure limits for individual/group borrowers and loans and advances to directors and their relatives respectively. The penalty was imposed in exercise of powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the
The Reserve Bank of India has imposed a monetary penalty of Rs.1.00 lakh (Rupees one lakh only) on Shri Parola Urban Co-operative Bank Ltd., Jalgaon, Maharashtra for violation of Reserve Bank of India's directive on credit exposure limits for individual/group borrowers and loans and advances to directors and their relatives respectively. The penalty was imposed in exercise of powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the
Nov 07, 2007
Reserve Bank Cancels the Licence of The Hirekerur Urban Co-operative Bank Ltd, Hirekerur (Karnataka)
In view of the fact that The Hirekerur Urban Co-operative Bank Ltd., Hirekerur, (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on November 07, 2007. The Registrar of Co-operative Societies, Karnataka
In view of the fact that The Hirekerur Urban Co-operative Bank Ltd., Hirekerur, (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on November 07, 2007. The Registrar of Co-operative Societies, Karnataka
Oct 30, 2007
Reserve Bank Cancels the Licence of The Urban Co-operative Bank Ltd.,
Siddapur, Dist. Uttara Kannada (Karnataka)
Siddapur, Dist. Uttara Kannada (Karnataka)
In view of the fact that The Urban Co-operative Bank Ltd., Siddapur, Dist. Uttara Kannada (Karnataka), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank on October 27, 2007. The Commissioner for Co-operation and Registrar of Co-operative Societies, Karna
In view of the fact that The Urban Co-operative Bank Ltd., Siddapur, Dist. Uttara Kannada (Karnataka), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank on October 27, 2007. The Commissioner for Co-operation and Registrar of Co-operative Societies, Karna
Oct 08, 2007
Reserve Bank Cancels the Licence of the Indira Priyadarshini Mahila Nagrik Sahakari Bank Mydt., Chhattisgarh State
In view of the fact that the Indira Priyadarshini Mahila Nagrik Sahakari Bank Mydt., Chhattisgarh State, had ceased to be solvent, all efforts to revive it in close consultation with the Government of Madhya Pradesh had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on October 3, 2007. The Registrar of Co-operative Societies,
In view of the fact that the Indira Priyadarshini Mahila Nagrik Sahakari Bank Mydt., Chhattisgarh State, had ceased to be solvent, all efforts to revive it in close consultation with the Government of Madhya Pradesh had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on October 3, 2007. The Registrar of Co-operative Societies,
Sep 18, 2007
Indira Sahakari Bank Ltd., Dhule, Maharastra - Penalised
The Reserve Bank of India has imposed a monetary penalty of Rs. 5.00 lakh (Rs. five lakh only) on the Indira Sahakari bank Ltd., Dhule, Maharastra for violation of Reserve bank of India's directive on credit exposure limits for individual/ group borrower. The penalty was imposed in exercise of powers vested in it under the provisions of Section 47A (1) (b) read with section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies). The Reserv
The Reserve Bank of India has imposed a monetary penalty of Rs. 5.00 lakh (Rs. five lakh only) on the Indira Sahakari bank Ltd., Dhule, Maharastra for violation of Reserve bank of India's directive on credit exposure limits for individual/ group borrower. The penalty was imposed in exercise of powers vested in it under the provisions of Section 47A (1) (b) read with section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies). The Reserv
Jul 26, 2007
Reserve Bank imposes Penalty on Catholic Syrian Bank Ltd. for KYC Violations
The Reserve Bank of India has imposed a penalty of Rs.10 lakh (Rupees ten lakh only) on Catholic Syrian Bank Ltd. in exercise of the powers vested in RBI under the provisions of Section 47A(1)(b) of the Banking Regulation Act, 1949. Penalty of Rs.5 lakh (Rupees five lakh only) each has been imposed for the following violations:(i) non-adherence to KYC norms and AML standards while opening and operating certain accounts; and(ii) failure of bank's internal control syste
The Reserve Bank of India has imposed a penalty of Rs.10 lakh (Rupees ten lakh only) on Catholic Syrian Bank Ltd. in exercise of the powers vested in RBI under the provisions of Section 47A(1)(b) of the Banking Regulation Act, 1949. Penalty of Rs.5 lakh (Rupees five lakh only) each has been imposed for the following violations:(i) non-adherence to KYC norms and AML standards while opening and operating certain accounts; and(ii) failure of bank's internal control syste
Jul 25, 2007
Reserve Bank Cancels the Licence of The Kittur Rani Channamma Mahila Pattana Sahakari Bank Niyamita, Hubli, Karnataka
In view of the fact that The Kittur Rani Channamma Mahila Pattana Sahakari Bank Niyamita, Hubli, (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on July 19, 2007. The Registrar of Co-operative Societi
In view of the fact that The Kittur Rani Channamma Mahila Pattana Sahakari Bank Niyamita, Hubli, (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on July 19, 2007. The Registrar of Co-operative Societi
Jul 06, 2007
Shri P. K. Anna Patil Janata Sahakari Bank Ltd., Nandurbar, Maharashtra - Penalised
The Reserve Bank of India has imposed a monetary penalty of Rs. 5.00 lakh (Rs. five lakh only) on Shri P. K. Anna Patil Janata Sahakari Bank Ltd., Nandurbar, Maharashtra for violation of Reserve Bank of India's directive on limits on credit exposure to individual borrowers on unsecured advances to single borrower/connected group. The penalty was imposed in exercise of powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking
The Reserve Bank of India has imposed a monetary penalty of Rs. 5.00 lakh (Rs. five lakh only) on Shri P. K. Anna Patil Janata Sahakari Bank Ltd., Nandurbar, Maharashtra for violation of Reserve Bank of India's directive on limits on credit exposure to individual borrowers on unsecured advances to single borrower/connected group. The penalty was imposed in exercise of powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking
Jun 21, 2007
Shri B.J.Khatal Janata Sahakari Bank Ltd., Sangamner, Maharashtra - Penalised
The Reserve Bank of India has imposed a monetary penalty of Rs.5.00 lakh (rupees five lakh only) on the Shri B.J.Khatal Janata Sahakari Bank Ltd., Sangamner, Maharashtra for violation of the Reserve Bank of India’s directives prohibiting loans and advances to directors and their relatives and the firms/companies/concerns in which they are interested with effect from the October 1, 2003. The penalty was imposed in exercise of powers vested
The Reserve Bank of India has imposed a monetary penalty of Rs.5.00 lakh (rupees five lakh only) on the Shri B.J.Khatal Janata Sahakari Bank Ltd., Sangamner, Maharashtra for violation of the Reserve Bank of India’s directives prohibiting loans and advances to directors and their relatives and the firms/companies/concerns in which they are interested with effect from the October 1, 2003. The penalty was imposed in exercise of powers vested
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Page Last Updated on: January 02, 2023
