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Official Website of Reserve Bank of India
Press Releases
Mar 21, 2006
RBI Cancels the Licence of The Hyderabad Cooperative Urban Bank Ltd., Yakutpura, Hyderabad, (Andhra Pradesh)
In view of the fact that the Hyderabad Cooperative Urban Bank Ltd., Yakutpura, Hyderabad, (Andhra Pradesh) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Andhra Pradesh 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 March 7, 2006. Immediately on cancellation of th
In view of the fact that the Hyderabad Cooperative Urban Bank Ltd., Yakutpura, Hyderabad, (Andhra Pradesh) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Andhra Pradesh 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 March 7, 2006. Immediately on cancellation of th
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Mar 09, 2006
Reserve Bank Cancels the Licence of The Dabhoi Nagrik Sahakari Bank Ltd., Dabhoi, Gujarat
In view of the fact that the Dabhoi Nagrik Sahakari Bank Ltd., Dabhoi 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 after the close of business on March 7,2006 . The Registrar of Co-operative Societies, Gujarat has also been requested to issu
In view of the fact that the Dabhoi Nagrik Sahakari Bank Ltd., Dabhoi 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 after the close of business on March 7,2006 . The Registrar of Co-operative Societies, Gujarat has also been requested to issu
Feb 16, 2006
Reserve Bank Cancels the Licence of The Dhansura People's Co-operative Bank Ltd., Dhansura, Gujarat
In view of the fact that the Dhansura People's Co-operative Bank Ltd., Dhansura 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 after the close of business on February 15, 2006 . The Registrar of Co-operative Societies, Gujarat has also been re
In view of the fact that the Dhansura People's Co-operative Bank Ltd., Dhansura 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 after the close of business on February 15, 2006 . The Registrar of Co-operative Societies, Gujarat has also been re
Jan 24, 2006
The Ganesh Bank of Kurundwad Ltd. branches to operate as The Federal Bank Ltd branches from January 25, 2006
The Government of India has today sanctioned the Scheme for the amalgamation of The Ganesh Bank of Kurundwad Ltd., with The Federal Bank Ltd. The amalgamation will come into force on January 25, 2006. All the branches of The Ganesh Bank of Kurundwad Ltd., will function as branches of The Federal Bank Ltd., with effect from this date. Customers, including depositors of The Ganesh Bank of Kurundwad Ltd., will be able to operate their accounts as customers of The Federal
The Government of India has today sanctioned the Scheme for the amalgamation of The Ganesh Bank of Kurundwad Ltd., with The Federal Bank Ltd. The amalgamation will come into force on January 25, 2006. All the branches of The Ganesh Bank of Kurundwad Ltd., will function as branches of The Federal Bank Ltd., with effect from this date. Customers, including depositors of The Ganesh Bank of Kurundwad Ltd., will be able to operate their accounts as customers of The Federal
Jan 07, 2006
GOI places Ganesh Bank of Kurundwad Ltd under Moratorium from Close of business on January 7, 2006
On an application of the Reserve Bank of India, the Central Government has today issued an Order of Moratorium in respect of the Ganesh Bank of Kurundwad Ltd Registered Office: Kurundwad, Kurundwad –416 106, Kolhapur (District), Maharashtra. The Order of Moratorium has been passed by the Central Government in the public interest, in the interest of depositors and the banking system. The moratorium will be effective from the close of business on Saturday January 7, 200
On an application of the Reserve Bank of India, the Central Government has today issued an Order of Moratorium in respect of the Ganesh Bank of Kurundwad Ltd Registered Office: Kurundwad, Kurundwad –416 106, Kolhapur (District), Maharashtra. The Order of Moratorium has been passed by the Central Government in the public interest, in the interest of depositors and the banking system. The moratorium will be effective from the close of business on Saturday January 7, 200
Dec 14, 2005
Reserve Bank Cancels the Licence of The Janata Co-operative Bank Ltd., Nadiad, Gujarat
In view of the fact that The Janata Co-operative Bank Ltd., Nadiad, 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, on December 09, 2005 at 11.00 a. m. delivered the order cancelling its licence to the bank. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an order
In view of the fact that The Janata Co-operative Bank Ltd., Nadiad, 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, on December 09, 2005 at 11.00 a. m. delivered the order cancelling its licence to the bank. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an order
Dec 07, 2005
Reserve Bank Cancels the Licence of Nagrik Sahakari Bank Maryadit, Ratlam, (Madhya Pradesh)
In view of the fact that the Nagrik Sahakari Bank Maryadit, Ratlam, (Madhya Pradesh) had ceased to be solvent, efforts to revive it in consultation with the Government of Madhya Pradesh had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India, on December 7, 2005, delivered the order canceling its licence to the bank. The Registrar of Cooperative Societies, Madhya Pradesh has also been requested to issue a
In view of the fact that the Nagrik Sahakari Bank Maryadit, Ratlam, (Madhya Pradesh) had ceased to be solvent, efforts to revive it in consultation with the Government of Madhya Pradesh had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India, on December 7, 2005, delivered the order canceling its licence to the bank. The Registrar of Cooperative Societies, Madhya Pradesh has also been requested to issue a
Nov 23, 2005
Reserve Bank Cancels the Licence of Natpur Cooperative Bank Ltd., Nadiad, Gujarat
In view of the fact that the Natpur Co-operative Bank Ltd., Nadiad 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, on November 22, 2005, at 12.00 noon delivered the order cancelling its licence to the bank. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an order
In view of the fact that the Natpur Co-operative Bank Ltd., Nadiad 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, on November 22, 2005, at 12.00 noon delivered the order cancelling its licence to the bank. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an order
Nov 18, 2005
Reserve Bank Rejects the Licence of The Kotagiri Co-operative Urban Bank Ltd., Kotagiri , Tamil Nadu
The Reserve Bank of India has on November 17, 2005 rejected the licence application of the Kotagiri Co-operative Urban Bank Ltd., Kotagiri, in view of the fact that it had ceased to be solvent. All efforts to revive it had failed and the depositors were being inconvenienced by continued uncertainty. The Registrar of Co-operative Societies, Chennai has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. It may be highlig
The Reserve Bank of India has on November 17, 2005 rejected the licence application of the Kotagiri Co-operative Urban Bank Ltd., Kotagiri, in view of the fact that it had ceased to be solvent. All efforts to revive it had failed and the depositors were being inconvenienced by continued uncertainty. The Registrar of Co-operative Societies, Chennai has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. It may be highlig
Nov 18, 2005
Reserve Bank Cancels the Licence of Sarvodaya Mahila Co-operative Bank Ltd., Burhanpur, (Madhya Pradesh)
In view of the fact that the Sarvodaya Mahila Co-operative Bank Ltd., Burhanpur, (Madhya Pradesh) had ceased to be solvent, efforts to revive it in consultation with the Government of Madhya Pradesh had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India, on November 17, 2005, delivered the order canceling its licence to the bank. The Registrar of Cooperative Societies, Madhya Pradesh has also been reques
In view of the fact that the Sarvodaya Mahila Co-operative Bank Ltd., Burhanpur, (Madhya Pradesh) had ceased to be solvent, efforts to revive it in consultation with the Government of Madhya Pradesh had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India, on November 17, 2005, delivered the order canceling its licence to the bank. The Registrar of Cooperative Societies, Madhya Pradesh has also been reques
Oct 28, 2005
Reserve Bank Cancels the Licence of The Anand People's Co-operative Bank Ltd., Anand, Gujarat
The Reserve Bank of India has on October 26, 2005 cancelled the licence granted to The Anand People's Co-operative Bank Ltd., Anand, Gujarat, in view of the fact that it 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 Registrar of Cooperative Societies, Gujarat has also been requested to issue an order for winding up the bank an
The Reserve Bank of India has on October 26, 2005 cancelled the licence granted to The Anand People's Co-operative Bank Ltd., Anand, Gujarat, in view of the fact that it 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 Registrar of Cooperative Societies, Gujarat has also been requested to issue an order for winding up the bank an
Sep 30, 2005
RBI imposes penalty on Kangra Central Co-operative Bank Limited, Kangra, Himachal Pradesh
The Reserve Bank of India imposed a penalty of Rs.5,00,000/- (Rupees five lakh only) on Kangra Central Co-operative Bank Limited, Kangra, Himachal Pradesh, under Section 46(4) read with Section 47(A)(1)(b) of the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) for violation of instructions/guidelines issued by the Reserve Bank in regard to non-SLR investment. P.V.Sadanandan Manager Press Release: 2005-2006/408
The Reserve Bank of India imposed a penalty of Rs.5,00,000/- (Rupees five lakh only) on Kangra Central Co-operative Bank Limited, Kangra, Himachal Pradesh, under Section 46(4) read with Section 47(A)(1)(b) of the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) for violation of instructions/guidelines issued by the Reserve Bank in regard to non-SLR investment. P.V.Sadanandan Manager Press Release: 2005-2006/408
Sep 17, 2005
Reserve Bank cancels the licence of The Metro Cooperative Bank Ltd., Surat, Gujarat
The Reserve Bank of India, vide its order of September 8, 2005 cancelled the licence granted to the Metro Cooperative Bank Ltd., Surat Gujarat, in view of the fact that it had ceased to be solvent. The order cancelling its licence was delivered to the bank on September 16, 2005 at 11.00 a. m. A requisition has been made to the Registrar of Cooperative Societies (RCS), Gujarat for winding up of The Metro Cooperative Bank Ltd., Surat, Gujarat and to appoint a liquidator
The Reserve Bank of India, vide its order of September 8, 2005 cancelled the licence granted to the Metro Cooperative Bank Ltd., Surat Gujarat, in view of the fact that it had ceased to be solvent. The order cancelling its licence was delivered to the bank on September 16, 2005 at 11.00 a. m. A requisition has been made to the Registrar of Cooperative Societies (RCS), Gujarat for winding up of The Metro Cooperative Bank Ltd., Surat, Gujarat and to appoint a liquidator
Sep 13, 2005
Reserve Bank Cancels the Licence of Shri Vitrag Co-operative Bank Ltd., Surat, Gujarat
The Reserve Bank of India, has on September 1, 2005, cancelled the licence granted to Shri Vitrag Co-operative Bank Ltd., Surat, Gujarat, in view of the fact that it had ceased to be solvent. The order canceling its licence was delivered to the bank on September 6, 2005. A requisition has been made to the Registrar of Co-operative Societies (RCS), Gujarat for winding up of Shri Vitrag Co-operative Bank Ltd., Surat, Gujarat and to appoint a liquidator therefore. It may
The Reserve Bank of India, has on September 1, 2005, cancelled the licence granted to Shri Vitrag Co-operative Bank Ltd., Surat, Gujarat, in view of the fact that it had ceased to be solvent. The order canceling its licence was delivered to the bank on September 6, 2005. A requisition has been made to the Registrar of Co-operative Societies (RCS), Gujarat for winding up of Shri Vitrag Co-operative Bank Ltd., Surat, Gujarat and to appoint a liquidator therefore. It may
Jun 11, 2005
Reserve Bank cancels the licence of The Century Co-operative Bank Ltd., Surat, Gujarat
The Reserve Bank of India, has on June 7, 2005, cancelled the licence granted to The Century Co-operative Bank Ltd., Surat, Gujarat, in view of the fact that it had ceased to be solvent. The order canceling its licence was delivered to the bank on June 10, 2005 at 10.00 a.m. A requisition has been made to the Registrar of Co-operative Societies, Gujarat for winding up of The Century Co-operative Bank Ltd., Surat, Gujarat and to appoint a liquidator therefor. It may be
The Reserve Bank of India, has on June 7, 2005, cancelled the licence granted to The Century Co-operative Bank Ltd., Surat, Gujarat, in view of the fact that it had ceased to be solvent. The order canceling its licence was delivered to the bank on June 10, 2005 at 10.00 a.m. A requisition has been made to the Registrar of Co-operative Societies, Gujarat for winding up of The Century Co-operative Bank Ltd., Surat, Gujarat and to appoint a liquidator therefor. It may be
Jun 08, 2005
Reserve Bank cancels the licence of The Royale Co-operative Bank Ltd., Surat, Gujarat
The Reserve Bank of India, has on June 2, 2005, cancelled the licence granted to the Royale Co-operative Bank Ltd., Surat, Gujarat, in view of the fact that it had ceased to be solvent. The order canceling the licence was delivered to the bank on June 7, 2005. The Registrar of Co-operative Societies, Gujarat has been requested for winding up of The Royale Co-operative Bank Ltd., Surat, Gujarat and to appoint a liquidator thereof. The Reserve Bank further said that eve
The Reserve Bank of India, has on June 2, 2005, cancelled the licence granted to the Royale Co-operative Bank Ltd., Surat, Gujarat, in view of the fact that it had ceased to be solvent. The order canceling the licence was delivered to the bank on June 7, 2005. The Registrar of Co-operative Societies, Gujarat has been requested for winding up of The Royale Co-operative Bank Ltd., Surat, Gujarat and to appoint a liquidator thereof. The Reserve Bank further said that eve
Jun 08, 2005
Reserve Bank cancels the licence of Shri Swaminarayan Co-operative Bank Ltd. Vadodara, Gujarat
The Reserve Bank of India, has on June 2, 2005, cancelled the licence granted to Shri Swaminarayan Co-operative Bank Ltd.Vadodara., Gujarat, in view of the fact that it had ceased to be solvent. The order canceling the licence was delivered to the bank on June 7, 2005. The Registrar of Co-operative Societies, Gujarat has been requested for winding up of Shri Swaminarayan Co-operative Bank Ltd.Vadodara, Gujarat and to appoint a liquidator thereof. The Reserve Bank furt
The Reserve Bank of India, has on June 2, 2005, cancelled the licence granted to Shri Swaminarayan Co-operative Bank Ltd.Vadodara., Gujarat, in view of the fact that it had ceased to be solvent. The order canceling the licence was delivered to the bank on June 7, 2005. The Registrar of Co-operative Societies, Gujarat has been requested for winding up of Shri Swaminarayan Co-operative Bank Ltd.Vadodara, Gujarat and to appoint a liquidator thereof. The Reserve Bank furt
May 25, 2005
Sivagangai District Central Co-operative Bank Ltd.
There have been enquiries regarding the present status of the Sivagangai District Central Co-operative Bank Ltd., which has been placed under directions. The National Bank for Agriculture and Rural Development (NABARD) has since completed the inspection of the Sivagangai District Central Co-operative Bank Ltd., and submitted its report to the Reserve Bank of India. A copy of the report has also been forwarded to the Sivagangai District Central Co-operative Bank Ltd. B
There have been enquiries regarding the present status of the Sivagangai District Central Co-operative Bank Ltd., which has been placed under directions. The National Bank for Agriculture and Rural Development (NABARD) has since completed the inspection of the Sivagangai District Central Co-operative Bank Ltd., and submitted its report to the Reserve Bank of India. A copy of the report has also been forwarded to the Sivagangai District Central Co-operative Bank Ltd. B
May 05, 2005
Dialogue with Cooperative Banks: RBI Clarification
It is reported in a section of the press that the Reserve Bank of India (RBI) has communicated to around 100 loss making cooperative banks across the country to surrender their banking licences, merge with healthier banks or face liquidation and that banks in Gr.III category have been given six months time to improve performance and graduate to the next level.It is clarified that the Reserve Bank has not issued any such communication to any bank. It may be mentioned h
It is reported in a section of the press that the Reserve Bank of India (RBI) has communicated to around 100 loss making cooperative banks across the country to surrender their banking licences, merge with healthier banks or face liquidation and that banks in Gr.III category have been given six months time to improve performance and graduate to the next level.It is clarified that the Reserve Bank has not issued any such communication to any bank. It may be mentioned h
Apr 26, 2005
Sivagangai District Central Co-operative Bank Ltd., Sivagangai, Tamil Nadu
There have been enquiries regarding the present status of the Sivagangai District Central Co-operative Bank Ltd., which has been placed under directions recently.National Bank for Agriculture and Rural Development (NABARD) has undertaken an inspection of the bank to find out its financial position as on March 31, 2005. It has been ascertained from NABARD that the audit work of the bank as on March 31, 2005 is still under progress and the relevant data pertaining to th
There have been enquiries regarding the present status of the Sivagangai District Central Co-operative Bank Ltd., which has been placed under directions recently.National Bank for Agriculture and Rural Development (NABARD) has undertaken an inspection of the bank to find out its financial position as on March 31, 2005. It has been ascertained from NABARD that the audit work of the bank as on March 31, 2005 is still under progress and the relevant data pertaining to th
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Page Last Updated on: January 02, 2023
