Press Releases - Regulating Co-operative Banking - આરબીઆઈ - Reserve Bank of India
પ્રેસ રિલીઝ
માર્ચ 08, 2017
RBI extends Directions issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi
The Reserve Bank of India, in exercise of powers vested in it under sub-section (1) and (2) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), hereby directs that the Directives dated August 28, 2015 issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi which was last extended upto 08.03.2017 shall continue to apply to the bank for a further period of six months i.e up to 08.09.2017 subject to review. Ajit Prasad A
The Reserve Bank of India, in exercise of powers vested in it under sub-section (1) and (2) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), hereby directs that the Directives dated August 28, 2015 issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi which was last extended upto 08.03.2017 shall continue to apply to the bank for a further period of six months i.e up to 08.09.2017 subject to review. Ajit Prasad A
માર્ચ 02, 2017
RBI extends Directions issued to Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad
The Reserve Bank of India has reviewed the financial position of Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad and considered it necessary in the public interest to extend and modify the directions issued earlier vide Directive dated August 24, 2016. Accordingly, the Reserve Bank of India, in exercise of the powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) hereby directs that
The Reserve Bank of India has reviewed the financial position of Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad and considered it necessary in the public interest to extend and modify the directions issued earlier vide Directive dated August 24, 2016. Accordingly, the Reserve Bank of India, in exercise of the powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) hereby directs that
માર્ચ 01, 2017
RBI imposes penalty on The Rajsamand Urban Co-operative Bank Limited, Rajsamand
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (₹ Five lakh only) on the The Rajsamand Urban Co-operative Bank Limited, Rajsamand, in exercise of powers vested in it under the provisions of Section 47 A (1) (c) read with 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI instructions / guidelines relating to (i) linking of share capital to borrowings (ii) breach of prescribed individual b
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (₹ Five lakh only) on the The Rajsamand Urban Co-operative Bank Limited, Rajsamand, in exercise of powers vested in it under the provisions of Section 47 A (1) (c) read with 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI instructions / guidelines relating to (i) linking of share capital to borrowings (ii) breach of prescribed individual b
ફેબ્રુ 28, 2017
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Maratha Sahakari Bank Ltd., Mumbai, Maharashtra
Reserve Bank issued Directions under Section 35 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) to Maratha Sahakari Bank Ltd., Mumbai dated August 31, 2016 for a period of 6 months, (i.e. up to February 28, 2017) which was modified vide subsequent Directive dated September 07, 2016. The Directions are valid for a period of six months up to February 28, 2017 subject to review. In terms of the existing Directions, among other conditions,
Reserve Bank issued Directions under Section 35 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) to Maratha Sahakari Bank Ltd., Mumbai dated August 31, 2016 for a period of 6 months, (i.e. up to February 28, 2017) which was modified vide subsequent Directive dated September 07, 2016. The Directions are valid for a period of six months up to February 28, 2017 subject to review. In terms of the existing Directions, among other conditions,
ફેબ્રુ 27, 2017
RBI imposes penalty on Kaujalgi Urban Cooperative Credit Bank Ltd., Koujalgi, Karnataka
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One lakh only) on Kaujalgi Urban Cooperative Credit Bank Ltd., Koujalgi, Karnataka, in exercise of the powers vested in it under the provisions of Section 47 A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violating Reserve Bank of India’s instructions/guidelines in respect of ‘The Depositor Education and Awareness Fund S
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One lakh only) on Kaujalgi Urban Cooperative Credit Bank Ltd., Koujalgi, Karnataka, in exercise of the powers vested in it under the provisions of Section 47 A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violating Reserve Bank of India’s instructions/guidelines in respect of ‘The Depositor Education and Awareness Fund S
ફેબ્રુ 23, 2017
RBI imposes penalty on Progressive Co-operative Bank Ltd., Mumbai
The Reserve Bank of India has imposed a monetary penalty of ₹ 4.00 lakh (Rupees Four lakh only) on Progressive Co-operative Bank Ltd., Mumbai in exercise of the 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), for violation of instructions/guidelines issued by the Reserve Bank of India relating to lending to nominal members, financing an NBFC and KYC nor
The Reserve Bank of India has imposed a monetary penalty of ₹ 4.00 lakh (Rupees Four lakh only) on Progressive Co-operative Bank Ltd., Mumbai in exercise of the 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), for violation of instructions/guidelines issued by the Reserve Bank of India relating to lending to nominal members, financing an NBFC and KYC nor
ફેબ્રુ 23, 2017
RBI imposes penalty on Sahebrao Deshmukh Co-operative Bank Ltd., Mumbai
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one Lakh only) on Sahebrao Deshmukh Co-operative Bank Ltd., Mumbai in exercise of the powers vested in it under the provisions of Section 47A(1) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of instructions/guidelines issued by the Reserve Bank of India relating to opening of on-site ATM. The Reserve Bank of India had i
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one Lakh only) on Sahebrao Deshmukh Co-operative Bank Ltd., Mumbai in exercise of the powers vested in it under the provisions of Section 47A(1) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of instructions/guidelines issued by the Reserve Bank of India relating to opening of on-site ATM. The Reserve Bank of India had i
ફેબ્રુ 20, 2017
RBI extends Directions issued to Rupee Co-operative Bank Ltd., Pune
The Reserve Bank of India vide directive dated February 16, 2017 has extended directions issued to Rupee Co-operative Bank Ltd., Pune, Maharashtra for a further period of six months from February 22, 2017 to August 21, 2017 subject to review. The directions were originally imposed from February 22, 2013 to August 21, 2013 and were extended on six occasions for a period of six months each and twice for a period of three months each. The last extension was for a period
The Reserve Bank of India vide directive dated February 16, 2017 has extended directions issued to Rupee Co-operative Bank Ltd., Pune, Maharashtra for a further period of six months from February 22, 2017 to August 21, 2017 subject to review. The directions were originally imposed from February 22, 2013 to August 21, 2013 and were extended on six occasions for a period of six months each and twice for a period of three months each. The last extension was for a period
ફેબ્રુ 17, 2017
RBI imposes penalty on Janata Urban Co-operative Bank Ltd., Wai, District Satara
The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two Lakh only) on Janata Urban Co-operative Bank Ltd., Wai, District Satara in exercise of the 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), for violation of the instructions / guidelines of the Reserve Bank of India. During the financial year 2013-14 the bank’s credit exp
The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two Lakh only) on Janata Urban Co-operative Bank Ltd., Wai, District Satara in exercise of the 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), for violation of the instructions / guidelines of the Reserve Bank of India. During the financial year 2013-14 the bank’s credit exp
ફેબ્રુ 15, 2017
Cancellation of licence and conversion of Urban Co-operative Bank into a Co-operative Society under Banking Regulation Act, 1949 (AACS) - The Sojitra Co-operative Bank Ltd., Dist. Anand (Gujarat)
It is hereby notified for information of the public that the Reserve Bank of India has cancelled the licence of The Sojitra Co-operative Bank Ltd., Dist. Anand (Gujarat) vide order dated January 23, 2017. In view of the unsatisfactory financials and compliance record, the bank was advised to go out of purview of the Banking Regulation Act, 1949 (AACS) and convert into a Co-operative Society. The bank has fulfilled all the conditions stipulated in Section 36(A)(2) of t
It is hereby notified for information of the public that the Reserve Bank of India has cancelled the licence of The Sojitra Co-operative Bank Ltd., Dist. Anand (Gujarat) vide order dated January 23, 2017. In view of the unsatisfactory financials and compliance record, the bank was advised to go out of purview of the Banking Regulation Act, 1949 (AACS) and convert into a Co-operative Society. The bank has fulfilled all the conditions stipulated in Section 36(A)(2) of t
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