Press Releases - Regulating Co-operative Banking - આરબીઆઈ - Reserve Bank of India
પ્રેસ રિલીઝ
ઑગસ્ટ 07, 2002
RBI cancels licence of Shree Labh Co-operative Bank Ltd.
The Reserve Bank of India has cancelled the licence of Shree Labh Co-operative Bank Ltd., Mumbai, Maharashtra to carry on banking business in India. The bank is precluded from transacting the business of ‘banking’ as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P V Sadanandan M
The Reserve Bank of India has cancelled the licence of Shree Labh Co-operative Bank Ltd., Mumbai, Maharashtra to carry on banking business in India. The bank is precluded from transacting the business of ‘banking’ as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P V Sadanandan M
પીડીએફ (
જુલાઈ 11, 2002
RBI cancels licence of The Praja Co-operative Urban Bank Ltd.
The Reserve Bank of India has cancelled the licence granted to The Praja Co-operative Urban Bank Ltd., Secunderabad, Ranga Reddy Dist. (Andhra Pradesh) to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or
The Reserve Bank of India has cancelled the licence granted to The Praja Co-operative Urban Bank Ltd., Secunderabad, Ranga Reddy Dist. (Andhra Pradesh) to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or
જુલાઈ 08, 2002
RBI rejects licence application of Rajampet Co-operative Town Bank Ltd.
The Reserve Bank of India has rejected the licence application of the Rajampet Co-operative Town Bank Ltd., Rajampet (Andhra Pradesh) to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise.Ajit Pra
The Reserve Bank of India has rejected the licence application of the Rajampet Co-operative Town Bank Ltd., Rajampet (Andhra Pradesh) to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise.Ajit Pra
જૂન 29, 2002
RBI cancels licence of Shri Adinath Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence to granted Shri Adinath Sahakari Bank Ltd., Pune (Maharashtra) to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise.P.V. Sadanandan ManagerPres
The Reserve Bank of India has cancelled the licence to granted Shri Adinath Sahakari Bank Ltd., Pune (Maharashtra) to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise.P.V. Sadanandan ManagerPres
જૂન 12, 2002
RBI reject licence application to the Janata Sahakari Bank Maryadit
The Reserve Bank of India has rejected the licence application of the Janata Sahakari Bank Maryadit, Dewas, Madhya Pradesh to carry on banking business in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) with effect from March 16, 2002 and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheque, draft,
The Reserve Bank of India has rejected the licence application of the Janata Sahakari Bank Maryadit, Dewas, Madhya Pradesh to carry on banking business in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) with effect from March 16, 2002 and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheque, draft,
મે 20, 2002
All RBI regulated Entities to hold G-Secs in Demat Form
The Reserve Bank of India, has been, over a period of time, encouraging holding of government securities in dematerialised form. At present 99% of the trading in government securities takes place through SGL accounts with RBI for which the Delivery versus Payment (DVP) system ensures simultaneous transfer of securities against funds. In the light of recent fraudulent transactions in the guise of Government securities transactions in physical format by a few co-operati
The Reserve Bank of India, has been, over a period of time, encouraging holding of government securities in dematerialised form. At present 99% of the trading in government securities takes place through SGL accounts with RBI for which the Delivery versus Payment (DVP) system ensures simultaneous transfer of securities against funds. In the light of recent fraudulent transactions in the guise of Government securities transactions in physical format by a few co-operati
મે 04, 2002
RBI Instructions to Cooperative Banks for G-Sec Transactions
In response to press queries, following a report in a section of the press, the Reserve Bank of India encloses its circular dated April 20, 2002 issued to cooperative banks reiterating its existing guidelines for transactions in Government securities. The full text of the circular is also available on the RBI website www.rbi.org.in Alpana Killawala General ManagerPress Release No. 2001-2002/1223
In response to press queries, following a report in a section of the press, the Reserve Bank of India encloses its circular dated April 20, 2002 issued to cooperative banks reiterating its existing guidelines for transactions in Government securities. The full text of the circular is also available on the RBI website www.rbi.org.in Alpana Killawala General ManagerPress Release No. 2001-2002/1223
એપ્રિલ 20, 2002
Moratorium on The Benaras State Bank Ltd. extended
The Central Government on the recommendation of the Reserve Bank of India and in partial modification of the Government's earlier Notification dated January 22, 2002 extended the period of moratorium in respect of The Benaras State Bank Ltd., for a further period up to and inclusive of July 21, 2002. The notification has been issued on April 19, 2002. Ajit PrasadManagerPress Release : 2001-02/1174
The Central Government on the recommendation of the Reserve Bank of India and in partial modification of the Government's earlier Notification dated January 22, 2002 extended the period of moratorium in respect of The Benaras State Bank Ltd., for a further period up to and inclusive of July 21, 2002. The notification has been issued on April 19, 2002. Ajit PrasadManagerPress Release : 2001-02/1174
માર્ચ 07, 2002
Minimum Lending Rate of Co-operative Banks reduced to 12%
The Reserve Bank of India has decided to reduce the minimum lending rate of urban co-operative banks (UCBs) by one per cent - from 13 per cent to 12 per cent. The reduced rate has come into effect from March 2, 2002. Urban cooperative banks may, therefore, determine their lending rates subject to a minimum lending rate of 12 per cent per annum. The decision was taken in the wake of representations received from urban co-operative banks and their federations which had
The Reserve Bank of India has decided to reduce the minimum lending rate of urban co-operative banks (UCBs) by one per cent - from 13 per cent to 12 per cent. The reduced rate has come into effect from March 2, 2002. Urban cooperative banks may, therefore, determine their lending rates subject to a minimum lending rate of 12 per cent per annum. The decision was taken in the wake of representations received from urban co-operative banks and their federations which had
ફેબ્રુ 20, 2002
RBI rejects licence application of Danesh Motor Finance Company Ltd.
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has cancelled on February 20, 2002 the certificate of Registration granted to Danesh Motor Finance Company Ltd., having its registered office at 1-F (FF), Vandana Building, 11-Tolstoy Marg, New Delhi-110 049. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has cancelled on February 20, 2002 the certificate of Registration granted to Danesh Motor Finance Company Ltd., having its registered office at 1-F (FF), Vandana Building, 11-Tolstoy Marg, New Delhi-110 049. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45
ફેબ્રુ 14, 2002
RBI rejects licence application of Chapra District Central Co-operative Bank Ltd.
The Reserve Bank of India has rejected the licence application of the Chapra District Central Co-operative Bank Ltd., Bihar to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheques, draft, order or otherwise.Ajit Prasad Manage
The Reserve Bank of India has rejected the licence application of the Chapra District Central Co-operative Bank Ltd., Bihar to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheques, draft, order or otherwise.Ajit Prasad Manage
ફેબ્રુ 11, 2002
RBI rejects licence application of The Aryan Co-operative Urban Bank Ltd.
The Reserve Bank of India has rejected the licence application of The Aryan Co-operative Urban Bank Ltd., Hyderabad, (Andhra Pradesh) to carry on banking business in India. The bank is precluded from transacting the business of `banking' as defined under Section 22 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, o
The Reserve Bank of India has rejected the licence application of The Aryan Co-operative Urban Bank Ltd., Hyderabad, (Andhra Pradesh) to carry on banking business in India. The bank is precluded from transacting the business of `banking' as defined under Section 22 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, o
જાન્યુ 17, 2002
Cancellation of Licence of Vinayak Local Area Bank Ltd., Sikar (Rajasthan)
The Reserve Bank of India in exercise of the powers vested in it under sub-section (4) of Section 22 of the Banking Regulation Act, 1949, has cancelled the licence issued to Vinayak Local Area Bank Ltd., Sikar (Rajasthan) to carry on banking business in the districts of Jhunjhunu, Sikar and Churu in the State of Rajasthan. Having been satisfied that the banks affairs are being conducted in a manner detrimental to the interest of the depositors and the general characte
The Reserve Bank of India in exercise of the powers vested in it under sub-section (4) of Section 22 of the Banking Regulation Act, 1949, has cancelled the licence issued to Vinayak Local Area Bank Ltd., Sikar (Rajasthan) to carry on banking business in the districts of Jhunjhunu, Sikar and Churu in the State of Rajasthan. Having been satisfied that the banks affairs are being conducted in a manner detrimental to the interest of the depositors and the general characte
ડિસે 21, 2001
Licence of Urban Co-operative Bank Ltd. Allahabad, Uttar Pradesh cancelled
The Reserve Bank of India has cancelled the licence of The Urban Co-operative Bank Ltd., Allahabad, Uttar Pradesh to carry on banking business in India. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheque, draft, order or otherwise.P.V. Sadanandan Asst
The Reserve Bank of India has cancelled the licence of The Urban Co-operative Bank Ltd., Allahabad, Uttar Pradesh to carry on banking business in India. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheque, draft, order or otherwise.P.V. Sadanandan Asst
ઑક્ટો 31, 2001
Western Co-operative Bank Ltd., Mumbai Licence Cancelled
The Reserve Bank of India has cancelled the licence of the Western Co-operative Bank Ltd., Mumbai, Maharashtra to carry on banking business in India. The bank is, therefore, precluded from transacting the business of ‘banking’ as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P.V
The Reserve Bank of India has cancelled the licence of the Western Co-operative Bank Ltd., Mumbai, Maharashtra to carry on banking business in India. The bank is, therefore, precluded from transacting the business of ‘banking’ as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P.V
ઑક્ટો 13, 2001
RBI increases withdrawal limits for depositors of Benares State Bank Limited
The Reserve Bank of India has today partially modified its directive on Benares State Bank Limited. The modified directive now permits depositors to withdraw up to Rs. 2500 from savings bank or current account or any other deposit account. Depositors who have already withdrawn Rs. 1000 under the earlier directive will now be permitted to withdraw an additional Rs. 1500. It may be recalled that the Reserve Bank had, on September 25, 2001, issued a directive under Secti
The Reserve Bank of India has today partially modified its directive on Benares State Bank Limited. The modified directive now permits depositors to withdraw up to Rs. 2500 from savings bank or current account or any other deposit account. Depositors who have already withdrawn Rs. 1000 under the earlier directive will now be permitted to withdraw an additional Rs. 1500. It may be recalled that the Reserve Bank had, on September 25, 2001, issued a directive under Secti
ઑક્ટો 05, 2001
RBI cancels licence of Sitara Co-operative Urban Bank Ltd.
The Reserve Bank of India has cancelled the licence of Sitara Co-operative Urban Bank Ltd., Baghlingampally, Hyderabad (Andhra Pradesh) to carry on banking business. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.N. L
The Reserve Bank of India has cancelled the licence of Sitara Co-operative Urban Bank Ltd., Baghlingampally, Hyderabad (Andhra Pradesh) to carry on banking business. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.N. L
ઑક્ટો 03, 2001
RBI rejects licence application of The Daltonganj Central Co-operative Bank Ltd.
The Reserve Bank of India has rejected the licence application of The Daltonganj Central Co-operative Bank Ltd., Daltonganj (Jharkhand) to carry on banking business. The bank is precluded from transacting the business of ‘banking’ as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P.
The Reserve Bank of India has rejected the licence application of The Daltonganj Central Co-operative Bank Ltd., Daltonganj (Jharkhand) to carry on banking business. The bank is precluded from transacting the business of ‘banking’ as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P.
ઑગસ્ટ 01, 2001
RBI cancels licence of The Friends' Co-operative Bank Ltd.
The Reserve Bank of India has cancelled the licence of The Friends' Co-operative Bank Ltd., Mumbai, Maharashtra to carry on banking business in India. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheque, draft, order or otherwise.P.V. Sadanandan Asst.
The Reserve Bank of India has cancelled the licence of The Friends' Co-operative Bank Ltd., Mumbai, Maharashtra to carry on banking business in India. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheque, draft, order or otherwise.P.V. Sadanandan Asst.
એપ્રિલ 04, 2001
Liquidity Facilities to Co-operative Banks
In the wake of the recent events that have affected a few urban co-operative banks in Gujarat, it had been reported that some co-operative banks may face liquidity problems in their day-to-day operations. To obviate any such difficulty, the Reserve Bank had already advised all concerned that these banks may approach public sector banks and also primary dealers for repos facilities against eligible government securities held by them. In case the co-operative banks are
In the wake of the recent events that have affected a few urban co-operative banks in Gujarat, it had been reported that some co-operative banks may face liquidity problems in their day-to-day operations. To obviate any such difficulty, the Reserve Bank had already advised all concerned that these banks may approach public sector banks and also primary dealers for repos facilities against eligible government securities held by them. In case the co-operative banks are
માર્ચ 29, 2001
All Primary Urban Cooperative Banks will close their Annual Accounts on April 1 , 2001
The Reserve Bank of India has advised all primary cooperative banks that they should close their annual accounts for the year ending March 31, 2001 on April 1, 2001. As such, primary urban cooperative banks will function normally on April 3, 2001 in those states where April 2, 2001 has been declared a holiday under the Negotiable Instrument Act,1881 on account of Ram Navami. In other states, the normal working day for these banks will be April 2, 2001. In other words,
The Reserve Bank of India has advised all primary cooperative banks that they should close their annual accounts for the year ending March 31, 2001 on April 1, 2001. As such, primary urban cooperative banks will function normally on April 3, 2001 in those states where April 2, 2001 has been declared a holiday under the Negotiable Instrument Act,1881 on account of Ram Navami. In other states, the normal working day for these banks will be April 2, 2001. In other words,
માર્ચ 23, 2001
RBI rejects licence application of The Kurnool Urban Co-operative Credit Bank Ltd.
The Reserve Bank of India has rejected the licence application of The Kurnool Urban Co-operative Credit Bank Ltd., (Andhra Pradesh) to carry on banking business. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.N.L
The Reserve Bank of India has rejected the licence application of The Kurnool Urban Co-operative Credit Bank Ltd., (Andhra Pradesh) to carry on banking business. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.N.L
માર્ચ 20, 2001
RBI rejects the licence application of The Co-operative Bank Ltd.
The Reserve Bank of India has rejected the licence application of The Co-operative Bank Ltd., Chodavaram, Andhra Pradesh to carry on banking business in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.N.L.
The Reserve Bank of India has rejected the licence application of The Co-operative Bank Ltd., Chodavaram, Andhra Pradesh to carry on banking business in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.N.L.
માર્ચ 16, 2001
RBI rejects the licence application of The Pranabananda Co-operative Bank Ltd.
The Reserve Bank of India has rejected the licence application of The Pranabananda Co-operative Bank Ltd., Burdwan, West Bengal to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise
The Reserve Bank of India has rejected the licence application of The Pranabananda Co-operative Bank Ltd., Burdwan, West Bengal to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise
ફેબ્રુ 14, 2001
RBI cancels licence of The Mira Bhayandar Co-operative Bank Ltd., Bhayandar, (Maharashtra) to carry on banking business
The Reserve Bank of India has cancelled the licence granted to the Mira Bhayandar Co-operative Bank Ltd., Bhayandar, (Maharashtra) to carry on banking business in India. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies), and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwi
The Reserve Bank of India has cancelled the licence granted to the Mira Bhayandar Co-operative Bank Ltd., Bhayandar, (Maharashtra) to carry on banking business in India. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies), and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwi
નવે 08, 2000
RBI cancels licence of The Nagrik Co-operative Commercial Bank Maryadit
The Reserve Bank of India has cancelled the licence of The Nagrik Co-operative Commercial Bank Maryadit, Bilaspur, Madhya Pradesh to carry on banking business in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherw
The Reserve Bank of India has cancelled the licence of The Nagrik Co-operative Commercial Bank Maryadit, Bilaspur, Madhya Pradesh to carry on banking business in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherw
ઑક્ટો 18, 2000
RBI cancels licence of The Prathamik Shikshak Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence of The Prathamik Shikshak Sahakari Bank Ltd., Nasik (Maharashtra) to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.N.L. Rao
The Reserve Bank of India has cancelled the licence of The Prathamik Shikshak Sahakari Bank Ltd., Nasik (Maharashtra) to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.N.L. Rao
ઑક્ટો 05, 2000
RBI cancels licence of The Jyothirlinga Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence of The Jyothirlinga Sahakari Bank Ltd., Jalageri, Dist. Bijapur (Karnataka) to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise
The Reserve Bank of India has cancelled the licence of The Jyothirlinga Sahakari Bank Ltd., Jalageri, Dist. Bijapur (Karnataka) to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise
સપ્ટે 29, 2000
RBI cancels licence granted to The Latur Peoples Co-operative Bank Ltd.
The Reserve Bank of India has cancelled the licence granted to The Latur Peoples Co-operative Bank Ltd., Latur (Maharashtra) to carry on banking business in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.N.L. R
The Reserve Bank of India has cancelled the licence granted to The Latur Peoples Co-operative Bank Ltd., Latur (Maharashtra) to carry on banking business in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.N.L. R
સપ્ટે 19, 2000
RBI cancels licence of Federal Co-operative Bank Ltd.
The Reserve Bank of India has cancelled the licence of Federal Co-operative Bank Ltd., Ghatampur, District Kanpur (Uttar Pradesh) to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwi
The Reserve Bank of India has cancelled the licence of Federal Co-operative Bank Ltd., Ghatampur, District Kanpur (Uttar Pradesh) to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwi
ઑગસ્ટ 24, 2000
RBI cancels licence of Shree Veraval Vibhagiya Nagrik Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence of Shree Veraval Vibhagiya Nagrik Sahakari Bank Ltd., Veraval, Dist. Junagadh (Gujarat) to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order
The Reserve Bank of India has cancelled the licence of Shree Veraval Vibhagiya Nagrik Sahakari Bank Ltd., Veraval, Dist. Junagadh (Gujarat) to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order
ઑગસ્ટ 07, 2000
RBI cancels licence of The Bhagyanagar Co-operative Urban Bank Ltd., Hyderabad (Andhra Pradesh)
The Reserve Bank of India has cancelled the licence of The Bhagyanagar Co-operative Urban Bank Ltd., Hyderabad (Andhra pradesh) to carry on banking busines. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P.V. Sadan
The Reserve Bank of India has cancelled the licence of The Bhagyanagar Co-operative Urban Bank Ltd., Hyderabad (Andhra pradesh) to carry on banking busines. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P.V. Sadan
જુલાઈ 19, 2000
RBI cancels licence of Sri Laxmi Mahila Co-operative Urban Bank Ltd.
The Reserve Bank of India has cancelled the licence of Sri Laxmi Mahila Co-operative Urban Bank Ltd., Nacharam, , Hyderabad (Andhra pradesh) to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order
The Reserve Bank of India has cancelled the licence of Sri Laxmi Mahila Co-operative Urban Bank Ltd., Nacharam, , Hyderabad (Andhra pradesh) to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order
જૂન 16, 2000
RBI cancels licence of the Indira Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence of the Indira Sahakari Bank Ltd., Aurangabad, Maharashtra to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise. P. V. Sadan
The Reserve Bank of India has cancelled the licence of the Indira Sahakari Bank Ltd., Aurangabad, Maharashtra to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise. P. V. Sadan
મે 22, 2000
RBI refuses licence to the Maratha Market Peoples Co-op. Bank Ltd.
The Reserve Bank of India has rejected the licence application of the Maratha Market Peoples Co-operative Bank Ltd., Mumbai to carry on banking business in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheque, draft, order or otherwise.N. L. Rao As
The Reserve Bank of India has rejected the licence application of the Maratha Market Peoples Co-operative Bank Ltd., Mumbai to carry on banking business in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheque, draft, order or otherwise.N. L. Rao As
એપ્રિલ 07, 2000
RBI refuses licence to the Aska Cooperative Urban Bank Ltd.
The Reserve Bank of India has rejected the licence application of the Aska Cooperative Urban Bank Ltd., Aska (Orissa) to carry on banking business in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheque, draft, order or otherwise.P. V. Sadanandan A
The Reserve Bank of India has rejected the licence application of the Aska Cooperative Urban Bank Ltd., Aska (Orissa) to carry on banking business in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheque, draft, order or otherwise.P. V. Sadanandan A
માર્ચ 23, 2000
RBI cancels licence of the Navodaya Sahakara Bank Ltd.
The Reserve Bank of India has cancelled the licence granted to the Navodaya Sahakara Bank Ltd., Bangalore (Karnataka) to carry on banking business. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P. V. Sadanandan Asst
The Reserve Bank of India has cancelled the licence granted to the Navodaya Sahakara Bank Ltd., Bangalore (Karnataka) to carry on banking business. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P. V. Sadanandan Asst
માર્ચ 01, 2000
RBI refuses licence to The Silchar Co-operative Urban Bank Ltd., Silchar (Dist. Cachar, Assam) to carry on banking business in India
The Reserve Bank of India has rejected the application submitted by The Silchar Co-operative Urban Bank Ltd., Silchar (Dist. Cachar, Assam) for grant of licence to carry on banking business in India. Thus, the bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies). Thus, it will not be in order for it among other things to accept deposits from the public and allow withdrawal b
The Reserve Bank of India has rejected the application submitted by The Silchar Co-operative Urban Bank Ltd., Silchar (Dist. Cachar, Assam) for grant of licence to carry on banking business in India. Thus, the bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies). Thus, it will not be in order for it among other things to accept deposits from the public and allow withdrawal b
માર્ચ 01, 2000
RBI cancels licence of the Urban Industrial Co-operative Bank Ltd., R.K.Bordoloi Path, Dibrugarh (Assam)
The Reserve Bank of India has cancelled the licence of the Urban Industrial Co-operative Bank Ltd., R.K.Boradoloi Path, Dibrugarh (Assam) to carry on banking business in India. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order o
The Reserve Bank of India has cancelled the licence of the Urban Industrial Co-operative Bank Ltd., R.K.Boradoloi Path, Dibrugarh (Assam) to carry on banking business in India. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order o
ફેબ્રુ 23, 2000
Reserve Bank gives in-principle approval for setting up of one more Local Area Bank
The Reserve Bank of India has given `in-principle' approval for establishment of one more local area bank, viz., South Gujarat Local Area Bank Ltd., Navasari, Gujarat. The `in-principle' approval has been given subject to the proposed bank complying with certain conditions. It may be recalled that the Reserve Bank had announced a set of guidelines on August 24, 1996 for the entry of local area banks in the private sector. This was done with a view to providing institu
The Reserve Bank of India has given `in-principle' approval for establishment of one more local area bank, viz., South Gujarat Local Area Bank Ltd., Navasari, Gujarat. The `in-principle' approval has been given subject to the proposed bank complying with certain conditions. It may be recalled that the Reserve Bank had announced a set of guidelines on August 24, 1996 for the entry of local area banks in the private sector. This was done with a view to providing institu
ફેબ્રુ 23, 2000
RBI cancels licence of the Farmer's Co-operative Bank of India Ltd.
The Reserve Bank of India has cancelled the licence granted to the Farmer's Co-operative Bank of India Ltd., New Delhi to conduct banking busines. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Chhaya Raje ManagerPre
The Reserve Bank of India has cancelled the licence granted to the Farmer's Co-operative Bank of India Ltd., New Delhi to conduct banking busines. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Chhaya Raje ManagerPre
ફેબ્રુ 11, 2000
RBI cancels licence of Veraval Ratnakar Co-operative Bank Ltd.
The Reserve Bank of India has cancelled the licence of the Veraval Ratnakar Co-operative Bank Ltd., Veraval, Dist. Junagadh (Gujarat), to carry on banking business in India. The bank is precluded from transacting the business of "banking" as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or othe
The Reserve Bank of India has cancelled the licence of the Veraval Ratnakar Co-operative Bank Ltd., Veraval, Dist. Junagadh (Gujarat), to carry on banking business in India. The bank is precluded from transacting the business of "banking" as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or othe
ફેબ્રુ 01, 2000
RBI cancels licence of the Ahilyadevi Mahila Nagari Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence granted to the Ahilyadevi Mahila Nagari Sahakari Bank Ltd., Kalamnuri, Dist. Parbhani, Maharashtra to conduct banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or
The Reserve Bank of India has cancelled the licence granted to the Ahilyadevi Mahila Nagari Sahakari Bank Ltd., Kalamnuri, Dist. Parbhani, Maharashtra to conduct banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or
જાન્યુ 20, 2000
M/s. MCC Finance Ltd. - Prohibited from accepting deposits and alienating assets
M/s. MCC Finance Ltd., having its registered office at 21, Arcot Road, 86, Dr.Radhakrishnan Salai, Mylapore, Chennai-600 004 has violated various provisions of the Reserve Bank of India Act, 1934 and the Reserve Bank's directions applicable to it. The Reserve Bank of India has, therefore, prohibited it with effect from January 19, 2000 from accepting public deposits from any person, in any form whether by way of fresh deposits or renewal of the existing deposits or ot
M/s. MCC Finance Ltd., having its registered office at 21, Arcot Road, 86, Dr.Radhakrishnan Salai, Mylapore, Chennai-600 004 has violated various provisions of the Reserve Bank of India Act, 1934 and the Reserve Bank's directions applicable to it. The Reserve Bank of India has, therefore, prohibited it with effect from January 19, 2000 from accepting public deposits from any person, in any form whether by way of fresh deposits or renewal of the existing deposits or ot
જાન્યુ 18, 2000
M/s. Manipal Finance Corporation Ltd. Prohibited from accepting deposits
M/s. Manipal Finance Corporation Ltd., having its registered office at 'Manipal House', Manipal 576 119, Udupi District, has violated various provisions of the Reserve Bank of India Act, 1934 and the Reserve Bank's directions applicable to it. The Reserve Bank of India has therefore, prohibited it with effect from January 18, 2000 from accepting public deposits from any person, in any form whether by way of fresh deposits or renewal of the existing deposits or otherwi
M/s. Manipal Finance Corporation Ltd., having its registered office at 'Manipal House', Manipal 576 119, Udupi District, has violated various provisions of the Reserve Bank of India Act, 1934 and the Reserve Bank's directions applicable to it. The Reserve Bank of India has therefore, prohibited it with effect from January 18, 2000 from accepting public deposits from any person, in any form whether by way of fresh deposits or renewal of the existing deposits or otherwi
જાન્યુ 14, 2000
RBI refuses licence to The Ichalkaranji Kamar Nagari Sahakari Bank Ltd.
The Reserve Bank of India has rejected the application submitted by The Ichalkaranji Kamgar Nagari Sahakari Bank Ltd., Ichalkaranji, Maharashtra for grant of licence to carry on banking business. Thus, the bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it among other things to accept deposits from public and allow withdrawal by cheque
The Reserve Bank of India has rejected the application submitted by The Ichalkaranji Kamgar Nagari Sahakari Bank Ltd., Ichalkaranji, Maharashtra for grant of licence to carry on banking business. Thus, the bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it among other things to accept deposits from public and allow withdrawal by cheque
જાન્યુ 08, 2000
M/s. IFB Finance Limited Prohibition from Accepting Public Deposits and Alienation of assets
The Reserve Bank of India, in exercise of powers conferred on it under Section 45MB (1) and (2) of the Reserve Bank of India Act, 1934, has prohibited M/s. IFB Finance Ltd., 8/1, Middleton Row, Calcutta-700 071, from accepting any deposits and alienating any assets held by it with immediate effect. As such, M/s. IFB Finance Ltd., is hereby prohibited from accepting deposits from any person in any form whether by way of renewal or otherwise and is hereby directed not t
The Reserve Bank of India, in exercise of powers conferred on it under Section 45MB (1) and (2) of the Reserve Bank of India Act, 1934, has prohibited M/s. IFB Finance Ltd., 8/1, Middleton Row, Calcutta-700 071, from accepting any deposits and alienating any assets held by it with immediate effect. As such, M/s. IFB Finance Ltd., is hereby prohibited from accepting deposits from any person in any form whether by way of renewal or otherwise and is hereby directed not t
જાન્યુ 06, 2000
RBI refuses licence to The Meppayur Urban Co-operative Bank Ltd.
The Reserve Bank of India has rejected the application submitted by The Meppayur Co-operative Urban Bank Ltd., Meppayur, Kerala for issue of licence to carry on banking business. Thus, the bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheque, draft, order or
The Reserve Bank of India has rejected the application submitted by The Meppayur Co-operative Urban Bank Ltd., Meppayur, Kerala for issue of licence to carry on banking business. Thus, the bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheque, draft, order or
ડિસે 23, 1999
RBI cancels licence of the Jabalpur Nagrik Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence granted to the Jabalpur Nagrik Sahakari Bank Ltd., Jabalpur, Madhya Pradesh to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Alpana Kill
The Reserve Bank of India has cancelled the licence granted to the Jabalpur Nagrik Sahakari Bank Ltd., Jabalpur, Madhya Pradesh to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Alpana Kill
ડિસે 22, 1999
RBI cancels licence to the Gauhati Cooperative Town Bank Ltd.
The Reserve Bank of India has cancelled the licence granted to the Gauhati Cooperative Town Bank Ltd., Guwahati to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things, from accepting deposits from public and allow withdrawals by cheque, draft, order or otherwise.N.S.D. Lobo Asstt. Manager
The Reserve Bank of India has cancelled the licence granted to the Gauhati Cooperative Town Bank Ltd., Guwahati to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things, from accepting deposits from public and allow withdrawals by cheque, draft, order or otherwise.N.S.D. Lobo Asstt. Manager
ડિસે 22, 1999
RBI refuses licence to The Hubli-Dharwad Urban Co-operative Bank Ltd.
The Reserve Bank of India has rejected the application submitted by The Hubli-Dharwad Urban Co-operative Bank Ltd., Dharwad, Karnatak for issue of licence to carry on banking business. Thus, the bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things to accept deposits from public and allow withdrawal by cheque, draft, order
The Reserve Bank of India has rejected the application submitted by The Hubli-Dharwad Urban Co-operative Bank Ltd., Dharwad, Karnatak for issue of licence to carry on banking business. Thus, the bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things to accept deposits from public and allow withdrawal by cheque, draft, order
ડિસે 03, 1999
Extension of time for moratorium Sikkim Bank Ltd.
The Central Government have, on the recommendation of the Reserve Bank of India and in partial modification of the their earlier Notifcation dated September 4, 1999, issued a Notification on December 2, 1999 extending the period of moratorium in respect of Sikkim Bank Ltd., for a futher period upto and inclusive of 3 March 2000.Rupambara Padhi ManagerPress Release : 1999-2000/735
The Central Government have, on the recommendation of the Reserve Bank of India and in partial modification of the their earlier Notifcation dated September 4, 1999, issued a Notification on December 2, 1999 extending the period of moratorium in respect of Sikkim Bank Ltd., for a futher period upto and inclusive of 3 March 2000.Rupambara Padhi ManagerPress Release : 1999-2000/735
નવે 05, 1999
M/s. Dugar Finance (India) Ltd. Prohibited from accepting deposits
M/s. Dugar Finance (India) Ltd., having its registered office at Dugar Tower, 123 Marshalls Road, Egmore, Chennai-600 008 has violated various provisions of the Reserve Bank of India Act, 1934 and the Reserve Bank's directions applicable to it. The Reserve Bank of India has therefore, prohibited it with effect from November 3 1999 from accepting public deposits from any person, in any form whether by way of fresh deposits or renewal of the existing deposits or otherwi
M/s. Dugar Finance (India) Ltd., having its registered office at Dugar Tower, 123 Marshalls Road, Egmore, Chennai-600 008 has violated various provisions of the Reserve Bank of India Act, 1934 and the Reserve Bank's directions applicable to it. The Reserve Bank of India has therefore, prohibited it with effect from November 3 1999 from accepting public deposits from any person, in any form whether by way of fresh deposits or renewal of the existing deposits or otherwi
ઑક્ટો 30, 1999
M/s. Pennar Paterson Ltd. - Prohibited from accepting deposits
M/s. Pennar Paterson Ltd., having its registered office at Chikoti Gardens, Begumpet, Hyderabad-500 016 has violated various provisions of the Reserve Bank of India Act, 1934 and the Reserve Bank's Directions applicable to it. The Reserve Bank of India, therefore, prohibited it with immediate effect from accepting public deposits from any person, in any form whether by way of fresh deposits or renewal of the existing deposits or otherwise, until further order.The Rese
M/s. Pennar Paterson Ltd., having its registered office at Chikoti Gardens, Begumpet, Hyderabad-500 016 has violated various provisions of the Reserve Bank of India Act, 1934 and the Reserve Bank's Directions applicable to it. The Reserve Bank of India, therefore, prohibited it with immediate effect from accepting public deposits from any person, in any form whether by way of fresh deposits or renewal of the existing deposits or otherwise, until further order.The Rese
ઑક્ટો 01, 1999
RBI cancels licence of Manipur Industrial Co-operative Bank Ltd.
The Reserve Bank of India has cancelled the licence issued to the Manipur Industrial Co-operative Bank Ltd., Imphal to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Chhaya Raje ManagerPress Release :
The Reserve Bank of India has cancelled the licence issued to the Manipur Industrial Co-operative Bank Ltd., Imphal to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Chhaya Raje ManagerPress Release :
ઑક્ટો 01, 1999
RBI cancels licence of The Nizamabad Cooperative Town Bank Ltd.
The Reserve Bank of India has cancelled the licence issued to the Nizamabad Cooperative Town Bank Ltd., Nizamabad, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Chhaya Raje ManagerPr
The Reserve Bank of India has cancelled the licence issued to the Nizamabad Cooperative Town Bank Ltd., Nizamabad, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Chhaya Raje ManagerPr
સપ્ટે 17, 1999
RBI cancels licence of Solapur Zilla Mahila Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence issued to the Solapur Zilla Mahila Sahakari Bank Ltd., Solapur, Maharashtra to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other thing, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P.V. Sadanandan Asstt. M
The Reserve Bank of India has cancelled the licence issued to the Solapur Zilla Mahila Sahakari Bank Ltd., Solapur, Maharashtra to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other thing, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P.V. Sadanandan Asstt. M
સપ્ટે 08, 1999
Moratorium on Sikkim Bank Ltd.
The Central Government on an application made by the Reserve Bank of India has issued orders of moratorium on the Sikkim Bank Ltd. for the period from the close of business on September 4, 1999 upto and inclusive of December 3, 1999 under the provisions of Sub-Section (2) of Section 45 of the Banking Regulation Act, 1949.The moratorium has been declared in public interest, in the interest of the depositors and the banking system.Rupambara Padhi ManagerPress Release :
The Central Government on an application made by the Reserve Bank of India has issued orders of moratorium on the Sikkim Bank Ltd. for the period from the close of business on September 4, 1999 upto and inclusive of December 3, 1999 under the provisions of Sub-Section (2) of Section 45 of the Banking Regulation Act, 1949.The moratorium has been declared in public interest, in the interest of the depositors and the banking system.Rupambara Padhi ManagerPress Release :
સપ્ટે 04, 1999
Moratorium on Sikkim Bank Ltd.
The Central Government on an application made by the Reserve Bank of India has issued orders of moratorium on the Sikkim Bank Ltd. for the period from the close of business on September 4, 1999 upto and inclusive of December 3, 1999 under the provisions of Sub-Section (2) of Section 45 of the Banking Regulation Act, 1949.The moratorium has been declared in public interest, in the interest of the depositors and the banking system. Rupambara Padhi ManagerPress Release :
The Central Government on an application made by the Reserve Bank of India has issued orders of moratorium on the Sikkim Bank Ltd. for the period from the close of business on September 4, 1999 upto and inclusive of December 3, 1999 under the provisions of Sub-Section (2) of Section 45 of the Banking Regulation Act, 1949.The moratorium has been declared in public interest, in the interest of the depositors and the banking system. Rupambara Padhi ManagerPress Release :
ઑગસ્ટ 18, 1999
RBI cancels licence of Siddharth Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence issued to the Siddharth Sahakari Bank Ltd., Jalgaon, Maharashtra to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Chhaya Raje ManagerPress Release :
The Reserve Bank of India has cancelled the licence issued to the Siddharth Sahakari Bank Ltd., Jalgaon, Maharashtra to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Chhaya Raje ManagerPress Release :
ઑગસ્ટ 16, 1999
RBI refuses licence to Asansol Peoples' Co-operative Bank Ltd.
The Reserve Bank of India has rejected the application submitted by Asansol Peoples' Co-operative Bank Ltd., Asansol, District Burdwan, West Bengal for grant of licence to carry on banking business. Thus, the bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things to accept deposits from public and allow withdrawal by cheque
The Reserve Bank of India has rejected the application submitted by Asansol Peoples' Co-operative Bank Ltd., Asansol, District Burdwan, West Bengal for grant of licence to carry on banking business. Thus, the bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things to accept deposits from public and allow withdrawal by cheque
ઑગસ્ટ 14, 1999
M/s. Kirloskar Investment & Finance Ltd. Prohibited from accepting deposits
The Reserve Bank of India has prohibited M/s. Kirloskar Investments & Finance Ltd., having its registered office at Unity Building, J. C. Road, Bangalore-560 002 with immediate effect from accepting public deposits from any person, in any form whether by way of fresh deposits or renewal of the existing deposits or otherwise, until further order. The company has violated various provisions of the Reserve Bank of India Act, 1934.The Reserve Bank of India has also di
The Reserve Bank of India has prohibited M/s. Kirloskar Investments & Finance Ltd., having its registered office at Unity Building, J. C. Road, Bangalore-560 002 with immediate effect from accepting public deposits from any person, in any form whether by way of fresh deposits or renewal of the existing deposits or otherwise, until further order. The company has violated various provisions of the Reserve Bank of India Act, 1934.The Reserve Bank of India has also di
ઑગસ્ટ 14, 1999
RBI refuses licence to Jhargram Peoples' Co-operative Bank Ltd.
The Reserve Bank of India has rejected the application submitted by Jhargram Peoples' Co-operative Bank Ltd., Jhargram for grant of licence to carry on banking business. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things to accept deposits from public and allow withdrawal by cheque, draft, order or otherwise.Rupamba
The Reserve Bank of India has rejected the application submitted by Jhargram Peoples' Co-operative Bank Ltd., Jhargram for grant of licence to carry on banking business. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things to accept deposits from public and allow withdrawal by cheque, draft, order or otherwise.Rupamba
ઑગસ્ટ 11, 1999
RBI refuses licence to The Bhanjanagar Co-operative Urban Bank Ltd.
The Reserve Bank of India has rejected the application submitted by The Bhanjanagar Co-operative Urban Bank Ltd., Bhajanagar, District Ganjam, Orissa for grant of licence to carry on banking business. The bank is precluded from transacting the business of banking as defined in the Banking Regulations Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things to accept deposits from public and allow withdrawal by cheque, d
The Reserve Bank of India has rejected the application submitted by The Bhanjanagar Co-operative Urban Bank Ltd., Bhajanagar, District Ganjam, Orissa for grant of licence to carry on banking business. The bank is precluded from transacting the business of banking as defined in the Banking Regulations Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things to accept deposits from public and allow withdrawal by cheque, d
ઑગસ્ટ 05, 1999
RBI cancels licence of Parishad Cooperative Bank Ltd.
The Reserve Bank of India has cancelled the licence issued to the Parishad Cooperative Bank Ltd., New Delhi to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Rupambara Padhi ManagerPress Release : 1999
The Reserve Bank of India has cancelled the licence issued to the Parishad Cooperative Bank Ltd., New Delhi to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Rupambara Padhi ManagerPress Release : 1999
જુલાઈ 28, 1999
RBI cancels licence of Sami Taluka Nagarik Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence of the Sami Taluka Nagrik Sahakari Bank Ltd., Sami, Dist. Mehsana, Gujarat State, to carry on banking business. The bank is precluded from transacting the business of "banking" as defined in the Banking Regulations Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.
The Reserve Bank of India has cancelled the licence of the Sami Taluka Nagrik Sahakari Bank Ltd., Sami, Dist. Mehsana, Gujarat State, to carry on banking business. The bank is precluded from transacting the business of "banking" as defined in the Banking Regulations Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.
જુલાઈ 19, 1999
RBI cancels licence of Nagrik Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence issued to the Nagrik Sahakari Bank Ltd., Sagar to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulations Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Rupambara Padhi ManagerPress Release : 1999/2000/98
The Reserve Bank of India has cancelled the licence issued to the Nagrik Sahakari Bank Ltd., Sagar to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulations Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Rupambara Padhi ManagerPress Release : 1999/2000/98
જુલાઈ 09, 1999
RBI denies licence to Oudh Sahakari Bank Ltd.
The Reserve Bank of India has rejected the license application of the Oudh Sahakari Bank Ltd., Lucknow, Uttar Pradesh, to carry on banking business in India. The Bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be allowed, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Rupambara Padhi
The Reserve Bank of India has rejected the license application of the Oudh Sahakari Bank Ltd., Lucknow, Uttar Pradesh, to carry on banking business in India. The Bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be allowed, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Rupambara Padhi
જૂન 15, 1999
RBI grants 12 new licences to foreign banks in 1998-99
The Reserve Bank of India has issued further five licences for the year 1998-99 for opening branches by foreign banks in India as underName of bank Centre1. Citibank N AAhmedabad2. American Express BankBangalore3. ANZ Grindlays Bank PIcPune4. Bank of Nova ScotiaHyderabad5. Standard Chartered Bank BangaloreThe Reserve Bank of India had earlier during the year issued 7 licences which included two maiden branches of new foreign banks and 5 licences for additional branche
The Reserve Bank of India has issued further five licences for the year 1998-99 for opening branches by foreign banks in India as underName of bank Centre1. Citibank N AAhmedabad2. American Express BankBangalore3. ANZ Grindlays Bank PIcPune4. Bank of Nova ScotiaHyderabad5. Standard Chartered Bank BangaloreThe Reserve Bank of India had earlier during the year issued 7 licences which included two maiden branches of new foreign banks and 5 licences for additional branche
જૂન 03, 1999
Moratorium on Sikkim Bank Ltd. extended
The Central Government on the recommendation of the Reserve Bank of India and in partial modification of the Government's earlier Notification dated March 8, 1999 extended the period of moratorium in respect of Sikkim Bank Ltd., for a further period up to and inclusive of September 3, 1999. The notification has been issued on June 2, 1999.Rupambara Padhi ManagerPress Release : 1998-99/1499
The Central Government on the recommendation of the Reserve Bank of India and in partial modification of the Government's earlier Notification dated March 8, 1999 extended the period of moratorium in respect of Sikkim Bank Ltd., for a further period up to and inclusive of September 3, 1999. The notification has been issued on June 2, 1999.Rupambara Padhi ManagerPress Release : 1998-99/1499
મે 27, 1999
RBI sets up High Power Committee on Urban Co-operative Banks
The Reserve Bank of India has set up a High Power Committee to review the performance of urban co-operative banks and suggest necessary measures to strengthen them. The Committee will consist of :1.Shri K. Madhava Rao, IAS (Retd.) Ex. Chief Secretary Government of Andhra Pradesh HyderabadChairman 2.Shri Y.H. Malegam Director, Central Board, RBI Chartered Accountant S.B. Billimoria & Co. MumbaiMember 3.Shri Subhash S.Lalla, IAS Commissioner for Co-operation and Reg
The Reserve Bank of India has set up a High Power Committee to review the performance of urban co-operative banks and suggest necessary measures to strengthen them. The Committee will consist of :1.Shri K. Madhava Rao, IAS (Retd.) Ex. Chief Secretary Government of Andhra Pradesh HyderabadChairman 2.Shri Y.H. Malegam Director, Central Board, RBI Chartered Accountant S.B. Billimoria & Co. MumbaiMember 3.Shri Subhash S.Lalla, IAS Commissioner for Co-operation and Reg
મે 25, 1999
RBI denies licence to Harisiddha Cooperative Bank Ltd.
The Reserve Bank of India has rejected the licence application of the Harisiddha Cooperative Bank Ltd., Ahmedabad, Gujarat State, to carry on banking business in India. The company is precluded from transacting the business of 'banking' as defined in the Banking Regulations Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be allowed, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.
The Reserve Bank of India has rejected the licence application of the Harisiddha Cooperative Bank Ltd., Ahmedabad, Gujarat State, to carry on banking business in India. The company is precluded from transacting the business of 'banking' as defined in the Banking Regulations Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be allowed, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.
મે 13, 1999
RBI denies licence to The Relief Mercantile Cooperative Bank Ltd.
The Reserve Bank of India has rejected the licence application of the Relief Mercantile Co-operative Bank Ltd., Ahmedabad, Gujarat State, to carry on banking business in India. The company is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be allowed, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or oth
The Reserve Bank of India has rejected the licence application of the Relief Mercantile Co-operative Bank Ltd., Ahmedabad, Gujarat State, to carry on banking business in India. The company is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be allowed, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or oth
મે 07, 1999
RBI denies licence to Ellisbridge Co-operative Bank
The Reserve Bank of India has rejected the licence application of Ellisbridge Co-operative Bank Ltd., Ahmedabad, Gujarat State, to carry on banking business in India. The company is precluded from transacting the business of 'banking' as defined in the banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwis
The Reserve Bank of India has rejected the licence application of Ellisbridge Co-operative Bank Ltd., Ahmedabad, Gujarat State, to carry on banking business in India. The company is precluded from transacting the business of 'banking' as defined in the banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwis
એપ્રિલ 13, 1999
M/s. Jenson & Nicholson Financial Services Ltd., Prohibited from accepting deposits
The Reserve Bank of India has prohibited with immediate effect, M/s. Jenson & Nicholson Financial Services Ltd., having its registered office at 225, Acharya Jagadish Chandra Bose Road, Calcutta-700 020, from accepting public deposits from any person in any form whether by way of fresh deposits or renewal of the deposits or otherwise.M/s. Jenson & Nicholson Financial Services Ltd. had failed to comply with various provisions of the Reserve Bank's Directions, s
The Reserve Bank of India has prohibited with immediate effect, M/s. Jenson & Nicholson Financial Services Ltd., having its registered office at 225, Acharya Jagadish Chandra Bose Road, Calcutta-700 020, from accepting public deposits from any person in any form whether by way of fresh deposits or renewal of the deposits or otherwise.M/s. Jenson & Nicholson Financial Services Ltd. had failed to comply with various provisions of the Reserve Bank's Directions, s
એપ્રિલ 10, 1999
RBI denies licence to Shri Sarvodaya Co-operative Bank Ltd., Ahmedabad
The Reserve Bank of India has rejected the licence application of Shri Sarvodaya Co-operative Bank Ltd., Ahmedabad, Gujarat State, to carry on banking business in India. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwis
The Reserve Bank of India has rejected the licence application of Shri Sarvodaya Co-operative Bank Ltd., Ahmedabad, Gujarat State, to carry on banking business in India. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwis
માર્ચ 12, 1999
Work relating to Urban Banks in Marathwada Region transfered from Mumbai to Nagpur
The Reserve Bank of India has decided as part of its decentralisation programme, and also with a view to improving its customer service, to transfer, with effect from March 12, 1999, the work relating to primary cooperative banks located in 7 districts of the Marathwada Region viz., Aurangabad, Beed, Jalna, Latur, Nanded, Parbhani and Osmanabad, from its Mumbai Office, to its Nagpur Office. Accordingly all matters relating to urban cooperative banks, both existing as
The Reserve Bank of India has decided as part of its decentralisation programme, and also with a view to improving its customer service, to transfer, with effect from March 12, 1999, the work relating to primary cooperative banks located in 7 districts of the Marathwada Region viz., Aurangabad, Beed, Jalna, Latur, Nanded, Parbhani and Osmanabad, from its Mumbai Office, to its Nagpur Office. Accordingly all matters relating to urban cooperative banks, both existing as
માર્ચ 10, 1999
Moratorium on Bareilly Corporation Bank Ltd.
The Central Government on the recommendation of the Reserve Bank of India has issued orders of moratorium on the Bareilly Corporation Bank Ltd. for the period from the close of business on March 8, 1999 upto and inclusive of June 5, 1999 under the provisions of Sub-Section (2) of Section 45 of the Banking Regulation Act, 1949.The moratorium has been declared in public interest, in the interest of the depositors and the banking system.During the period of moratorium, t
The Central Government on the recommendation of the Reserve Bank of India has issued orders of moratorium on the Bareilly Corporation Bank Ltd. for the period from the close of business on March 8, 1999 upto and inclusive of June 5, 1999 under the provisions of Sub-Section (2) of Section 45 of the Banking Regulation Act, 1949.The moratorium has been declared in public interest, in the interest of the depositors and the banking system.During the period of moratorium, t
માર્ચ 09, 1999
RBI denies licence to the Suprabhat Sahakari Bank Ltd., Ahmedabad
The Reserve Bank of India has rejected the licence application of the Suprabhat Sahakari Bank Ltd., Ahmedabad, Gujarat to carry on banking business in India. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Alpana Kil
The Reserve Bank of India has rejected the licence application of the Suprabhat Sahakari Bank Ltd., Ahmedabad, Gujarat to carry on banking business in India. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Alpana Kil
માર્ચ 09, 1999
Moratorium on Sikkim Bank Ltd.
The Central Government on the recommendation of the Reserve Bank of India has issued orders of moratorium on the Sikkim Bank Ltd. for the period from the close of business on March 8, 1999 upto and inclusive of June 5, 1999 under the provisions of Sub-Section (2) of Section 45 of the Banking Regulation Act,1949.The moratorium has been declared in public interest, in the interest of the depositors and the banking system.During the period of moratorium, the bank has bee
The Central Government on the recommendation of the Reserve Bank of India has issued orders of moratorium on the Sikkim Bank Ltd. for the period from the close of business on March 8, 1999 upto and inclusive of June 5, 1999 under the provisions of Sub-Section (2) of Section 45 of the Banking Regulation Act,1949.The moratorium has been declared in public interest, in the interest of the depositors and the banking system.During the period of moratorium, the bank has bee
ફેબ્રુ 17, 1999
Reserve Bank gives in-principle approval for setting up of five more Local Area Banks
The Reserve Bank of India has given `in-principle' approval for establishment of five more local area banks viz (1) Capital Local Area Bank Ltd., Nakodar, Punjab (2) Coastal Local Area Bank Ltd., Vijayawada, Andhra Pradesh (3) Local Area Bank of Kongunadu Ltd., Salem, Tamil Nadu (4) Vinayak Local Area Bank Ltd., Sikar, Rajasthan and (5) Central Gujarat Local Area Bank Ltd., Dabhoi, Gujarat. The `in-principle' approval has been given subject to the proposed banks compl
The Reserve Bank of India has given `in-principle' approval for establishment of five more local area banks viz (1) Capital Local Area Bank Ltd., Nakodar, Punjab (2) Coastal Local Area Bank Ltd., Vijayawada, Andhra Pradesh (3) Local Area Bank of Kongunadu Ltd., Salem, Tamil Nadu (4) Vinayak Local Area Bank Ltd., Sikar, Rajasthan and (5) Central Gujarat Local Area Bank Ltd., Dabhoi, Gujarat. The `in-principle' approval has been given subject to the proposed banks compl
જાન્યુ 21, 1999
RBI withdraws 'in-principle' approval for Bank of Gujarat
The Reserve Bank of India had granted, in January 1994, an 'in-principle' approval for setting up a new banking company under the name of 'Bank of Gujarat Ltd.,' with its headquarters at Ahmedabad. In view of the inordinate delay in setting up of the proposed bank, the Reserve Bank has withdrawn the 'in-principle' approval today. The bank, therefore, cannot be set up.Maureen Shankar ManagerPress Release : 1998-99/960
The Reserve Bank of India had granted, in January 1994, an 'in-principle' approval for setting up a new banking company under the name of 'Bank of Gujarat Ltd.,' with its headquarters at Ahmedabad. In view of the inordinate delay in setting up of the proposed bank, the Reserve Bank has withdrawn the 'in-principle' approval today. The bank, therefore, cannot be set up.Maureen Shankar ManagerPress Release : 1998-99/960
ડિસે 03, 1998
RBI rejects licence application of Ravikiran Urban Co-operative Bank Ltd.
The Reserve Bank of India, in terms of the powers vested in it under Section 22(2) of the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) has on November 27, 1998 rejected the licence application of the Ravikiran Urban Co-operative Bank Ltd., Mumbai, to conduct banking business in India, in view of its extremely unsatisfactory financial position. Maureen Shankar Manager Press Release:1998-99/723
The Reserve Bank of India, in terms of the powers vested in it under Section 22(2) of the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) has on November 27, 1998 rejected the licence application of the Ravikiran Urban Co-operative Bank Ltd., Mumbai, to conduct banking business in India, in view of its extremely unsatisfactory financial position. Maureen Shankar Manager Press Release:1998-99/723
નવે 03, 1998
Koduvayur Co-operative Bank can't do banking business
The Reserve Bank of India has rejected the application submitted by the Koduvayur Co-operative Urban Bank Ltd., Koduvayur, District Palakkad, Kerala to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to co-operative societies) and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft order or
The Reserve Bank of India has rejected the application submitted by the Koduvayur Co-operative Urban Bank Ltd., Koduvayur, District Palakkad, Kerala to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to co-operative societies) and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft order or
નવે 03, 1998
Gudur Co-operative Bank can't do banking business
The Reserve Bank of India has rejected the application submitted by the Gudur Co-operative Urban Bank Ltd., Gudur, District Nellore, Andhra Pradesh, to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to co-operative societies) and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft order or
The Reserve Bank of India has rejected the application submitted by the Gudur Co-operative Urban Bank Ltd., Gudur, District Nellore, Andhra Pradesh, to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to co-operative societies) and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft order or
ઑક્ટો 29, 1998
RBI cautions public about Rajdhani Bank Ltd. and Indian Commercial Coop Bank Ltd.
It has come to the notice of the Reserve Bank of India that one Dr.Ranvir Kumar Singh whose address is 4-U.F. Babar Place, Near Bengali Market, New Delhi-110 001 is going to open a commercial bank in the name and style of "Rajdhani Bank Ltd." with its Registered Office at Sector-7, Pocket C-8/13, Rohini, New Delhi 110 085. It has also come to the notice of the Reserve Bank of India that the said Dr.Ranvir Kumar Singh is going to open a cooperative bank in the name and
It has come to the notice of the Reserve Bank of India that one Dr.Ranvir Kumar Singh whose address is 4-U.F. Babar Place, Near Bengali Market, New Delhi-110 001 is going to open a commercial bank in the name and style of "Rajdhani Bank Ltd." with its Registered Office at Sector-7, Pocket C-8/13, Rohini, New Delhi 110 085. It has also come to the notice of the Reserve Bank of India that the said Dr.Ranvir Kumar Singh is going to open a cooperative bank in the name and
ઑક્ટો 23, 1998
RBI Cancels Licence of Awami Mercantile Co-op. Bank
The Reserve Bank of India has, on October 17, 1998, cancelled the licence of the Awami Mercantile Co-operative Bank Ltd., Mumbai, to conduct banking business in India. The Reserve Bank has decided to cancel the licence of the Awami Mercantile Co-operative Bank in view of the extremely unsatisfactory financial position of the bank and in terms of the power vested in the Reserve Bank under Section 22(A) of the Banking Regulation Act, 1949, as applicable to co-operative
The Reserve Bank of India has, on October 17, 1998, cancelled the licence of the Awami Mercantile Co-operative Bank Ltd., Mumbai, to conduct banking business in India. The Reserve Bank has decided to cancel the licence of the Awami Mercantile Co-operative Bank in view of the extremely unsatisfactory financial position of the bank and in terms of the power vested in the Reserve Bank under Section 22(A) of the Banking Regulation Act, 1949, as applicable to co-operative
જાન્યુ 13, 1998
RBI cancels licence of Dadar Janata Sahakari Bank Ltd
Considering the extremely unsatisfactory financial position of the Dadar Janata Sahakari Bank Ltd., Dadar, Mumbai, the Reserve Bank of India vide its order dated December 16, 1997 passed in terms of the power vested in it under Section 22(4) of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies) has cancelled the licence of the said bank to conduct banking business in India. (Alpana Killawala) General Manager Press Release : 1997-98/620
Considering the extremely unsatisfactory financial position of the Dadar Janata Sahakari Bank Ltd., Dadar, Mumbai, the Reserve Bank of India vide its order dated December 16, 1997 passed in terms of the power vested in it under Section 22(4) of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies) has cancelled the licence of the said bank to conduct banking business in India. (Alpana Killawala) General Manager Press Release : 1997-98/620
જાન્યુ 15, 1997
Reserve Bank gives in principle approval for setting up of two local area banks
As per the Agreement signed between the Reserve Bank of India and Government of India on September 9, 1994, the system of ad-hoc Treasury Bills is to be discontinued by 1997-98. The Budget for 1997-98 has announced the decision to introduce a new system upon the discontinuation of the ad-hoc Treasury Bills from the financial year 1997-98. Consequently, the Reserve Bank of India and Government of India propose to enter into a fresh Agreement to give effect to the new s
As per the Agreement signed between the Reserve Bank of India and Government of India on September 9, 1994, the system of ad-hoc Treasury Bills is to be discontinued by 1997-98. The Budget for 1997-98 has announced the decision to introduce a new system upon the discontinuation of the ad-hoc Treasury Bills from the financial year 1997-98. Consequently, the Reserve Bank of India and Government of India propose to enter into a fresh Agreement to give effect to the new s
રિઝર્વ બેંક ઑફ ઇન્ડિયા મોબાઇલ એપ્લિકેશન ઇન્સ્ટૉલ કરો અને લેટેસ્ટ ન્યૂઝનો ઝડપી ઍક્સેસ મેળવો!
પેજની છેલ્લી અપડેટની તારીખ: નવેમ્બર 21, 2024
