Press Releases - Regulating Co-operative Banking - આરબીઆઈ - Reserve Bank of India
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એપ્રિલ 04, 2016
RBI extends validity of the Directions issued to the Mercantile Urban Co-operative Bank Ltd., Meerut, Uttar Pradesh
The Reserve Bank of India (RBI) has extended the Directions issued to the Mercantile Urban Co-operative Bank Ltd., Meerut for a further period of Six months from April 06, 2016 to October 05, 2016, subject to review. The bank has been under directions since October 06, 2015 vide directive dated September 30, 2015 issued under Section 35A of the Banking Regulation Act, 1949 (AACS). The validity of the aforesaid directive has been extended for a period of six months fro
The Reserve Bank of India (RBI) has extended the Directions issued to the Mercantile Urban Co-operative Bank Ltd., Meerut for a further period of Six months from April 06, 2016 to October 05, 2016, subject to review. The bank has been under directions since October 06, 2015 vide directive dated September 30, 2015 issued under Section 35A of the Banking Regulation Act, 1949 (AACS). The validity of the aforesaid directive has been extended for a period of six months fro
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માર્ચ 31, 2016
RBI imposes penalty on The Jambusar Peoples Co-operative Bank Ltd., Jambusar, Dist. Bharuch (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of ₹ 3.00 lakh (Rupees Three Lakh) on The Jambusar Peoples Co-operative Bank Ltd., Jambusar, Dist. Bharuch (Gujarat), 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 violations of the Operational instructions issued u/s 36(1) of B R Act, 1949 (As applicable to Co-operative
The Reserve Bank of India has imposed a monetary penalty of ₹ 3.00 lakh (Rupees Three Lakh) on The Jambusar Peoples Co-operative Bank Ltd., Jambusar, Dist. Bharuch (Gujarat), 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 violations of the Operational instructions issued u/s 36(1) of B R Act, 1949 (As applicable to Co-operative
માર્ચ 31, 2016
RBI imposes penalty on The Harij Nagrik Sahakari Bank Ltd., Harij, Dist. Patan (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of ₹ 3.00 lakh (Rupees Three Lakh) on The Harij Nagrik Sahakari Bank Ltd., Harij, Dist. Patan (Gujarat), 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 violations of operational instructions issued by RBI u/s 36 (1) of the B R Act, 1949 (AACS) and RBI guidelines for gold l
The Reserve Bank of India has imposed a monetary penalty of ₹ 3.00 lakh (Rupees Three Lakh) on The Harij Nagrik Sahakari Bank Ltd., Harij, Dist. Patan (Gujarat), 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 violations of operational instructions issued by RBI u/s 36 (1) of the B R Act, 1949 (AACS) and RBI guidelines for gold l
માર્ચ 30, 2016
RBI extends Directions issued to Ajinkyatara Sahakari Bank Ltd., Satara, Maharashtra till September 30, 2016
The Reserve Bank of India notified that Ajinkyatara Sahakari Bank Ltd., Satara, Maharashtra was placed under directions from the close of business on September 30, 2015, for a period of six months, vide directive dated September 28, 2015 under Section 35A of the Banking Regulation Act, 1949 (AACS). It is hereby notified for the information of the public that the aforesaid directive dated September 28, 2015 issued to Ajinkyatara Sahakari Bank Ltd., Satara, shall contin
The Reserve Bank of India notified that Ajinkyatara Sahakari Bank Ltd., Satara, Maharashtra was placed under directions from the close of business on September 30, 2015, for a period of six months, vide directive dated September 28, 2015 under Section 35A of the Banking Regulation Act, 1949 (AACS). It is hereby notified for the information of the public that the aforesaid directive dated September 28, 2015 issued to Ajinkyatara Sahakari Bank Ltd., Satara, shall contin
માર્ચ 28, 2016
RBI extends Directions issued to Shree Ganesh Sahakari Bank Ltd., Nashik, Maharashtra till September 29, 2016
The Reserve Bank of India notified that Shree Ganesh Sahakari Bank Ltd., Nashik was placed under directions for a period of six months vide directive dated April 01, 2013 under Section 35A of the Banking Regulation Act, 1949 (AACS). The validity of the aforesaid directive was extended five times for a period of six months each vide our directives dated September 23, 2013; March 27, 2014; September 17, 2014; March 19, 2015 and September 15, 2015 respectively. It is her
The Reserve Bank of India notified that Shree Ganesh Sahakari Bank Ltd., Nashik was placed under directions for a period of six months vide directive dated April 01, 2013 under Section 35A of the Banking Regulation Act, 1949 (AACS). The validity of the aforesaid directive was extended five times for a period of six months each vide our directives dated September 23, 2013; March 27, 2014; September 17, 2014; March 19, 2015 and September 15, 2015 respectively. It is her
માર્ચ 22, 2016
RBI modifies Directions on the Bhopal Nagrik Sahakari Bank Ltd., Bhopal (M.P.)
The Reserve Bank of India (RBI) has modified directions issued to the Bhopal Nagrik Sahakari Bank Ltd., Bhopal (M.P.). The bank has been under directions since November 01, 2012 vide directive No. UBD.CO.BSD.-II No./D-20/12.27.002/2012-13 dated October 29, 2012. The validity of the directions had been extended from time to time for a period of six months, subject to review, latest being from November 01, 2015 to April 30, 2016. In terms of the existing directions, amo
The Reserve Bank of India (RBI) has modified directions issued to the Bhopal Nagrik Sahakari Bank Ltd., Bhopal (M.P.). The bank has been under directions since November 01, 2012 vide directive No. UBD.CO.BSD.-II No./D-20/12.27.002/2012-13 dated October 29, 2012. The validity of the directions had been extended from time to time for a period of six months, subject to review, latest being from November 01, 2015 to April 30, 2016. In terms of the existing directions, amo
માર્ચ 21, 2016
RBI extends validity of the Directions issued to Pioneer Urban Co-operative Bank Ltd., Lucknow, Uttar Pradesh
The Reserve Bank of India (RBI) has extended the Directions issued to the Pioneer Urban Co-operative Bank Ltd., Lucknow for a further period of three months from March 24, 2016 to June 23, 2016, subject to review. The bank has been under directions since March 24, 2015 vide directive DCBS.CO.BSD-IV. No. D-35/12.28.063/2014-15 dated March 14, 2015 issued under Section 35A of the Banking Regulation Act, 1949 (AACS). The validity of the aforesaid directive was extended v
The Reserve Bank of India (RBI) has extended the Directions issued to the Pioneer Urban Co-operative Bank Ltd., Lucknow for a further period of three months from March 24, 2016 to June 23, 2016, subject to review. The bank has been under directions since March 24, 2015 vide directive DCBS.CO.BSD-IV. No. D-35/12.28.063/2014-15 dated March 14, 2015 issued under Section 35A of the Banking Regulation Act, 1949 (AACS). The validity of the aforesaid directive was extended v
માર્ચ 11, 2016
RBI extends Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow, Uttar Pradesh till September 11, 2016
The Reserve Bank of India has extended the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of six months from March 12, 2016 to September 11, 2016, subject to review. The bank has been under directions since June 12, 2014 vide directive dated June 4, 2014 issued under Section 35A of the Banking Regulation Act, 1949 (AACS). The aforesaid directive has been modified / its validity extended vide RBI directives dated July 30
The Reserve Bank of India has extended the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of six months from March 12, 2016 to September 11, 2016, subject to review. The bank has been under directions since June 12, 2014 vide directive dated June 4, 2014 issued under Section 35A of the Banking Regulation Act, 1949 (AACS). The aforesaid directive has been modified / its validity extended vide RBI directives dated July 30
માર્ચ 09, 2016
RBI extends Directions issued to Nashik Zilla Girna Sahakari Bank Ltd., Nashik, Maharashtra till September 09, 2016
The Reserve Bank of India notified that Nashik Zilla Girna Sahakari Bank Ltd., Nashik, Maharashtra, was placed under directions for a period of six months vide directive dated September 8, 2015 from the close of business on September 9, 2015. The validity of the directions is extended for a period of six months from the close of business on March 9, 2016 to September 9, 2016 vide directive dated March 03, 2016, subject to review and subject to the following modificati
The Reserve Bank of India notified that Nashik Zilla Girna Sahakari Bank Ltd., Nashik, Maharashtra, was placed under directions for a period of six months vide directive dated September 8, 2015 from the close of business on September 9, 2015. The validity of the directions is extended for a period of six months from the close of business on March 9, 2016 to September 9, 2016 vide directive dated March 03, 2016, subject to review and subject to the following modificati
માર્ચ 03, 2016
RBI imposes penalty on The Muslim Co-operative Bank Ltd., Mysuru, Karnataka
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One lakh only) on The Muslim Co-operative Bank Ltd., Mysuru, 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 violation of Reserve Bank of India’s instructions contained in Circular dated April 29, 2003 and dated June 24, 2003 and also Dir
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One lakh only) on The Muslim Co-operative Bank Ltd., Mysuru, 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 violation of Reserve Bank of India’s instructions contained in Circular dated April 29, 2003 and dated June 24, 2003 and also Dir
ફેબ્રુ 26, 2016
RBI imposes penalty on The Nasik Merchants Co-operative Bank Ltd., Nashik
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on The Nasik Merchants Co-operative Bank Ltd., Nashik in exercise of the powers vested in it under the provisions of Section 47A (1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violations, during the tenure of the erstwhile Board of Directors, of the directives/ guidelines/instructions of the Reserve Bank of
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on The Nasik Merchants Co-operative Bank Ltd., Nashik in exercise of the powers vested in it under the provisions of Section 47A (1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violations, during the tenure of the erstwhile Board of Directors, of the directives/ guidelines/instructions of the Reserve Bank of
ફેબ્રુ 23, 2016
RBI extends Directions issued to Rupee Co-operative Bank Ltd., Pune, Maharashtra till August 21, 2016
The Reserve Bank of India vide directive dated February 18, 2016 has, with some modifications, extended directions issued to Rupee Co-operative Bank Ltd., Pune, Maharashtra for a further period of six months from February 22, 2016 to August 21, 2016, subject to review. The bank can now allow its depositors to withdraw a sum not exceeding ₹ 20,000/- (Rupees Twenty Thousand only) in every savings bank account or current account or term deposit account or any other depos
The Reserve Bank of India vide directive dated February 18, 2016 has, with some modifications, extended directions issued to Rupee Co-operative Bank Ltd., Pune, Maharashtra for a further period of six months from February 22, 2016 to August 21, 2016, subject to review. The bank can now allow its depositors to withdraw a sum not exceeding ₹ 20,000/- (Rupees Twenty Thousand only) in every savings bank account or current account or term deposit account or any other depos
ફેબ્રુ 15, 2016
RBI imposes Monetary Penalty on The Kapadwanj Peoples Co-operative Bank Ltd., Kapadwanj, Dist Kheda (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two Lakh) on The Kapadwanj Peoples Co-operative Bank Ltd., Kapadwanj, Dist Kheda (Gujarat), 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 violations of operational instructions issued under Section 36(1) of B.R. Act, 1949 (AACS) and guidelines of Re
The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two Lakh) on The Kapadwanj Peoples Co-operative Bank Ltd., Kapadwanj, Dist Kheda (Gujarat), 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 violations of operational instructions issued under Section 36(1) of B.R. Act, 1949 (AACS) and guidelines of Re
ફેબ્રુ 12, 2016
RBI imposes Monetary Penalty on The Kutch Mercantile Co-operative Bank Ltd., Rapar, Dist. Kutch (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on the The Kutch Mercantile Co-operative Bank Ltd., Rapar, Dist. Kutch (Gujarat) 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 pertaining to: non-adherence to the operational instructions issued by Reserve Bank of India u/s
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on the The Kutch Mercantile Co-operative Bank Ltd., Rapar, Dist. Kutch (Gujarat) 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 pertaining to: non-adherence to the operational instructions issued by Reserve Bank of India u/s
ફેબ્રુ 06, 2016
RBI further extends Directions issued to Dilip Urban Co-operative Bank Ltd., Barshi, District-Solapur, Maharashtra till May 06, 2016
The Reserve Bank of India notified that Dilip Urban Co-operative Bank Ltd., Barshi, District-Solapur was placed under directions for a period of six months vide directive dated August 06, 2014 from the close of business on August 08, 2014. The validity of the aforesaid directive was extended twice for a period of six months each vide our directives dated January 20, 2015 and July 27, 2015 respectively. It is hereby notified for information of the public that the perio
The Reserve Bank of India notified that Dilip Urban Co-operative Bank Ltd., Barshi, District-Solapur was placed under directions for a period of six months vide directive dated August 06, 2014 from the close of business on August 08, 2014. The validity of the aforesaid directive was extended twice for a period of six months each vide our directives dated January 20, 2015 and July 27, 2015 respectively. It is hereby notified for information of the public that the perio
ફેબ્રુ 03, 2016
RBI extends Directions issued to Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad, Maharashtra till May 03, 2016
The Reserve Bank of India has extended Directions issued to Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad for a further period of three months from February 04, 2016 to May 03, 2016, subject to review. The bank was under directions since May 2012. The Directions were earlier extended on six occasions for a period of six months each and on one occasion for a period of three months. The Directions were imposed in exercise of powers vested in the Reser
The Reserve Bank of India has extended Directions issued to Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad for a further period of three months from February 04, 2016 to May 03, 2016, subject to review. The bank was under directions since May 2012. The Directions were earlier extended on six occasions for a period of six months each and on one occasion for a period of three months. The Directions were imposed in exercise of powers vested in the Reser
જાન્યુ 22, 2016
RBI extends Directions issued to CKP Co-operative Bank Ltd, Mumbai, Maharashtra till July 31, 2016
The Reserve Bank of India notified that CKP Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions for a period of six months vide directive dated April 30, 2014 from the close of business on May 2, 2014. The validity of the directions was extended four times, vide directives dated October 21, 2014 for a period of three months; January 20, 2015 for a period of six months; July 9, 2015 for a period of three months and October 28, 2015 for a period of t
The Reserve Bank of India notified that CKP Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions for a period of six months vide directive dated April 30, 2014 from the close of business on May 2, 2014. The validity of the directions was extended four times, vide directives dated October 21, 2014 for a period of three months; January 20, 2015 for a period of six months; July 9, 2015 for a period of three months and October 28, 2015 for a period of t
જાન્યુ 19, 2016
Reserve Bank of India Penalizes Rajputana Mahila Urban Co-operative Bank Limited, Jaipur
The Reserve Bank of India has imposed a monetary penalty of ₹ 3.00 lakh (₹ Three lakh only) on the Rajputana Mahila Urban Co-operative Bank Limited, Jaipur, in exercise of powers vested in it under the provisions of Section 47A (1)(b) read with section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violations of the guidelines/directives issued by Reserve Bank on finance against properties situated in unauthorized colonies and
The Reserve Bank of India has imposed a monetary penalty of ₹ 3.00 lakh (₹ Three lakh only) on the Rajputana Mahila Urban Co-operative Bank Limited, Jaipur, in exercise of powers vested in it under the provisions of Section 47A (1)(b) read with section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violations of the guidelines/directives issued by Reserve Bank on finance against properties situated in unauthorized colonies and
જાન્યુ 13, 2016
RBI extends Directions issued to The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal till July 06, 2016
The Reserve Bank of India has extended directions issued to The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal. The directions will continue to apply to the bank for a further period of six months from January 07, 2016 to July 06, 2016, subject to review. The Reserve Bank had initially placed the bank under directions for six months with effect from April 07, 2014 due to its very precarious financial position and the validity of which was subsequently e
The Reserve Bank of India has extended directions issued to The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal. The directions will continue to apply to the bank for a further period of six months from January 07, 2016 to July 06, 2016, subject to review. The Reserve Bank had initially placed the bank under directions for six months with effect from April 07, 2014 due to its very precarious financial position and the validity of which was subsequently e
જાન્યુ 11, 2016
RBI extends Directions issued to the United India Co-operative Bank Ltd., Nagina, Bijnor, Uttar Pradesh till April 14, 2016
The Reserve Bank of India has extended Directions issued to the United India Co-operative Bank Ltd., Nagina, Bijnor for a further period of Three months from January 15, 2016 to April 14, 2016, subject to review. The bank has been under directions since July 15, 2015. According to the Directions, United India Co-operative Bank Ltd., Nagina, Bijnor cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investmen
The Reserve Bank of India has extended Directions issued to the United India Co-operative Bank Ltd., Nagina, Bijnor for a further period of Three months from January 15, 2016 to April 14, 2016, subject to review. The bank has been under directions since July 15, 2015. According to the Directions, United India Co-operative Bank Ltd., Nagina, Bijnor cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investmen
જાન્યુ 10, 2016
RBI extends Directions issued to Jijamata Mahila Sahakari Bank Ltd., Satara, Maharashtra till July 09, 2016
The Reserve Bank of India notified that Jijamata Mahila Sahakari Bank Ltd., Satara, Maharashtra was placed under directions for a period of six months from the close of business on July 10, 2015 vide directive dated July 08, 2015 under Section 35A of the Banking Regulation Act, 1949 (AACS). It is hereby notified for the information of the public that the validity of the aforesaid directive has been extended for a period of six months from January 10, 2016 to July 09,
The Reserve Bank of India notified that Jijamata Mahila Sahakari Bank Ltd., Satara, Maharashtra was placed under directions for a period of six months from the close of business on July 10, 2015 vide directive dated July 08, 2015 under Section 35A of the Banking Regulation Act, 1949 (AACS). It is hereby notified for the information of the public that the validity of the aforesaid directive has been extended for a period of six months from January 10, 2016 to July 09,
જાન્યુ 05, 2016
RBI extends Directions issued to the Brahmawart Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh till April 06, 2016
The Reserve Bank of India has extended Directions issued to the Brahmawart Commercial Co-operative Bank Ltd., Kanpur for a further period of three months from January 06, 2016 to April 06, 2016, subject to review. The bank has been under directions since July 07, 2015 issued under Section 35A of the Banking Regulation Act, 1949 (AACS). According to the Directions, Brahmawart Commercial Co-operative Bank Ltd., Kanpur cannot and without prior approval of the Reserve Ban
The Reserve Bank of India has extended Directions issued to the Brahmawart Commercial Co-operative Bank Ltd., Kanpur for a further period of three months from January 06, 2016 to April 06, 2016, subject to review. The bank has been under directions since July 07, 2015 issued under Section 35A of the Banking Regulation Act, 1949 (AACS). According to the Directions, Brahmawart Commercial Co-operative Bank Ltd., Kanpur cannot and without prior approval of the Reserve Ban
જાન્યુ 04, 2016
RBI releases Primary (Urban) Co-operative Banks’ Outlook 2014-15
The Reserve Bank of India today released the 2nd volume of the annual publication titled ‘Primary (Urban) Co-operative Banks’ Outlook 2014-15’. The publication be accessed at http://dbie.rbi.org.in/DBIE/dbie.rbi?site=publications#!13. The publication has been brought out by the Department of Co-operative Bank Supervision of the Reserve Bank of India. The publication covers the financial accounts of Scheduled and Non-Scheduled Primary (Urban) Co-operative Banks for the
The Reserve Bank of India today released the 2nd volume of the annual publication titled ‘Primary (Urban) Co-operative Banks’ Outlook 2014-15’. The publication be accessed at http://dbie.rbi.org.in/DBIE/dbie.rbi?site=publications#!13. The publication has been brought out by the Department of Co-operative Bank Supervision of the Reserve Bank of India. The publication covers the financial accounts of Scheduled and Non-Scheduled Primary (Urban) Co-operative Banks for the
જાન્યુ 01, 2016
RBI extends Directions issued to Shri Sai Urban Co-operative Bank Ltd., Mukhed Dist. Nanded, Maharashtra till June 30, 2016
The Reserve Bank of India has extended Directions issued to Shri Sai Urban Co-operative Bank Ltd., Mukhed, Dist. Nanded (Mahrashtra) for a further period of six months from the close of business as on December 31, 2015 to June 30, 2016, subject to review. The bank was under directions since July 01, 2015. The Directions were imposed in exercise of powers vested in the Reserve Bank under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). A copy
The Reserve Bank of India has extended Directions issued to Shri Sai Urban Co-operative Bank Ltd., Mukhed, Dist. Nanded (Mahrashtra) for a further period of six months from the close of business as on December 31, 2015 to June 30, 2016, subject to review. The bank was under directions since July 01, 2015. The Directions were imposed in exercise of powers vested in the Reserve Bank under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). A copy
ડિસે 23, 2015
RBI extends Directions issued to The R S Co-operative Bank Ltd., Mumbai, Maharashtra till June 25, 2016
The Reserve Bank of India notified The R S Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions for a period of six months vide directive dated June 24, 2015 from the close of business on June 26, 2015. The validity of the directions has been extended for a further period of six months from December 25, 2015 to June 25, 2016 vide our modified directive dated December 21, 2015 subject to review. The other terms and conditions of the directive under r
The Reserve Bank of India notified The R S Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions for a period of six months vide directive dated June 24, 2015 from the close of business on June 26, 2015. The validity of the directions has been extended for a further period of six months from December 25, 2015 to June 25, 2016 vide our modified directive dated December 21, 2015 subject to review. The other terms and conditions of the directive under r
ડિસે 21, 2015
RBI withdraws Directions issued to Shree Govardhansinghji Raghuvanshi Sahakari Bank Ltd., Nandurbar, Maharashtra
The Reserve Bank of India has withdrawn the All Inclusive Directions issued on September 9, 2015 to Shree Govardhansinghji Raghuvanshi Sahakari Bank Ltd., Nandurbar, Maharashtra, with effect from the close of business on December 19, 2015. The withdrawal of Directions is in exercise of powers vested in the Reserve Bank under sub-section (2) of Section 35A of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies). A copy of the order is displayed on
The Reserve Bank of India has withdrawn the All Inclusive Directions issued on September 9, 2015 to Shree Govardhansinghji Raghuvanshi Sahakari Bank Ltd., Nandurbar, Maharashtra, with effect from the close of business on December 19, 2015. The withdrawal of Directions is in exercise of powers vested in the Reserve Bank under sub-section (2) of Section 35A of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies). A copy of the order is displayed on
ડિસે 15, 2015
Nagrik Sahkari Bank Ltd, Raipur - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 1,00,000/- (₹ One lakh only) on Nagrik Sahkari Bank Ltd., Raipur 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 violation of KYC/ AML norms / guidelines issued by the Reserve Bank of India. The Reserve Bank of India had issued a show cause notice to the bank, in respo
The Reserve Bank of India has imposed a monetary penalty of ₹ 1,00,000/- (₹ One lakh only) on Nagrik Sahkari Bank Ltd., Raipur 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 violation of KYC/ AML norms / guidelines issued by the Reserve Bank of India. The Reserve Bank of India had issued a show cause notice to the bank, in respo
ડિસે 12, 2015
RBI’s Department of Co-operative Bank Supervision, Mumbai Regional Office shifted to BKC
With effect from December 14, 2015, the Reserve Bank of India’s Department of Co-operative Bank Supervision, Mumbai Regional Office will function from the following address: Reserve Bank of India C-8, Ground Floor Bandra Kurla Complex Bandra (East) Mumbai – 400 051 Telephone Nos. 022-26578300 / 26578100 The Department was earlier located at Garment House, 2nd floor, Dr. A B Road, Worli, Mumbai 400 018. Sangeeta Das Director Press Release: 2015-2016/1394
With effect from December 14, 2015, the Reserve Bank of India’s Department of Co-operative Bank Supervision, Mumbai Regional Office will function from the following address: Reserve Bank of India C-8, Ground Floor Bandra Kurla Complex Bandra (East) Mumbai – 400 051 Telephone Nos. 022-26578300 / 26578100 The Department was earlier located at Garment House, 2nd floor, Dr. A B Road, Worli, Mumbai 400 018. Sangeeta Das Director Press Release: 2015-2016/1394
ડિસે 11, 2015
RBI extends Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow, Uttar Pradesh till March 11, 2016
The Reserve Bank of India has extended the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of three months from December 12, 2015 to March 11, 2016, subject to review. The bank has been under directions since June 12, 2014 vide directive UBD.CO.BSD-IV/D-41/12.28.007/2013-14 dated June 4, 2014 issued under Section 35A of the Banking Regulation Act, 1949 (AACS). The aforesaid directive was modified / its validity extended
The Reserve Bank of India has extended the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of three months from December 12, 2015 to March 11, 2016, subject to review. The bank has been under directions since June 12, 2014 vide directive UBD.CO.BSD-IV/D-41/12.28.007/2013-14 dated June 4, 2014 issued under Section 35A of the Banking Regulation Act, 1949 (AACS). The aforesaid directive was modified / its validity extended
ડિસે 10, 2015
Vyavsayik Sahkari Bank Ltd, Raipur - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 1,00,000/- (₹ One lakh only) on Vyavsayik Sahkari Bank Ltd, Raipur 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 violation of KYC/ AML norms / guidelines issued by the Reserve Bank of India. The Reserve Bank of India had issued a show cause notice to the bank, in res
The Reserve Bank of India has imposed a monetary penalty of ₹ 1,00,000/- (₹ One lakh only) on Vyavsayik Sahkari Bank Ltd, Raipur 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 violation of KYC/ AML norms / guidelines issued by the Reserve Bank of India. The Reserve Bank of India had issued a show cause notice to the bank, in res
ડિસે 10, 2015
RBI extends Directions on the Shri Chhatrapati Urban Co-operative Bank Ltd., Pimple Nilakh, District - Pune, Maharashtra
Shri Chhatrapati Urban Co-operative Bank Ltd., Pimple Nilakh, District - Pune, Maharashtra was placed under directions for a period of six months vide directive dated September 10, 2014 from the close of business on September 12, 2014. The validity of the aforesaid directive was further extended for a period of six months vide directive dated March 04, 2015 from the close of business on March 11, 2015 and for a period of three months vide directive dated September 1,
Shri Chhatrapati Urban Co-operative Bank Ltd., Pimple Nilakh, District - Pune, Maharashtra was placed under directions for a period of six months vide directive dated September 10, 2014 from the close of business on September 12, 2014. The validity of the aforesaid directive was further extended for a period of six months vide directive dated March 04, 2015 from the close of business on March 11, 2015 and for a period of three months vide directive dated September 1,
નવે 30, 2015
RBI extends Directions issued to Choundeshwari Sahakari Bank Ltd, Ichalkaranji, Kolhapur till May 31, 2016
Choundeshwari Sahakari Bank Ltd, Ichalkaranji, Kolhapur, was placed under directions for a period of six months vide directive dated August 28, 2014 from the close of business on August 30, 2014. The validity of the directions was extended twice, vide order dated February 05, 2015 for a period of six months and dated July 31, 2015 for a period of three months. It is hereby notified for the information of the public that the period of operation of the directive dated A
Choundeshwari Sahakari Bank Ltd, Ichalkaranji, Kolhapur, was placed under directions for a period of six months vide directive dated August 28, 2014 from the close of business on August 30, 2014. The validity of the directions was extended twice, vide order dated February 05, 2015 for a period of six months and dated July 31, 2015 for a period of three months. It is hereby notified for the information of the public that the period of operation of the directive dated A
નવે 26, 2015
RBI imposes Monetary Penalty on The Karimnagar Co-operative Urban Bank Ltd., Karimnagar, Telangana
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on The Karimnagar Co-operative Urban Bank Ltd., Karimnagar, Telangana, 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 guidelines/directives of Reserve Bank of India on loans and advances to directors and their relatives.
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on The Karimnagar Co-operative Urban Bank Ltd., Karimnagar, Telangana, 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 guidelines/directives of Reserve Bank of India on loans and advances to directors and their relatives.
નવે 26, 2015
RBI imposes Monetary Penalty on Swasakthi Mercantile Co-operative Urban Bank Ltd. Vijayawada, Krishna District, Andhra Pradesh
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on Swasakthi Mercantile Co-operative Urban Bank Ltd., Vijayawada , Krishna District, Andhra Pradesh, 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 Section 20 of the Banking Regulation Act, 1949 (AACS) and directives/ gu
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on Swasakthi Mercantile Co-operative Urban Bank Ltd., Vijayawada , Krishna District, Andhra Pradesh, 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 Section 20 of the Banking Regulation Act, 1949 (AACS) and directives/ gu
નવે 19, 2015
RBI extends Directions issued to Lokseva Sahakari Bank Ltd., Pune, Maharashtra till May 19, 2016
The Reserve Bank of India notified that Lokseva Sahakari Bank Ltd., Pune, was placed under directions for a period of six months vide directive dated May 19, 2014, from the close of business on May 20, 2014. The validity of the directions was extended twice, for a period of six months each, vide order dated November 12, 2014 and dated May 06, 2015. It is hereby notified for the information of the public that the period of operation of the directive dated May 19, 2014
The Reserve Bank of India notified that Lokseva Sahakari Bank Ltd., Pune, was placed under directions for a period of six months vide directive dated May 19, 2014, from the close of business on May 20, 2014. The validity of the directions was extended twice, for a period of six months each, vide order dated November 12, 2014 and dated May 06, 2015. It is hereby notified for the information of the public that the period of operation of the directive dated May 19, 2014
નવે 17, 2015
RBI extends Directions issued to Shatabdi Mahila Sahakari Bank Ltd., Thane, District-Thane, Maharashtra till May 17, 2016
The Reserve Bank of India notified that Shatabdi Mahila Sahakari Bank Ltd., Thane was placed under directions for a period of six months vide directive dated August 14, 2014 from the close of business on August 20, 2014. The validity of the aforesaid directive was further extended for a period of six months and three months vide directive dated February 04, 2015 and dated July 21, 2015 respectively. It is hereby notified for the information of the public that the peri
The Reserve Bank of India notified that Shatabdi Mahila Sahakari Bank Ltd., Thane was placed under directions for a period of six months vide directive dated August 14, 2014 from the close of business on August 20, 2014. The validity of the aforesaid directive was further extended for a period of six months and three months vide directive dated February 04, 2015 and dated July 21, 2015 respectively. It is hereby notified for the information of the public that the peri
નવે 05, 2015
RBI imposes Monetary Penalty on The Vardhman Co-operative Bank Ltd., Dist. Jamnagar (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh) on The Vardhman Co-operative Bank Ltd., Dist. Jamnagar (Gujarat), 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 RBI guidelines and instructions relating to (i) Know Your Customer (KYC) guidelines, (ii) by not putting in place
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh) on The Vardhman Co-operative Bank Ltd., Dist. Jamnagar (Gujarat), 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 RBI guidelines and instructions relating to (i) Know Your Customer (KYC) guidelines, (ii) by not putting in place
નવે 05, 2015
RBI extends Directions issued to Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad, Maharashtra till February 03, 2016
The Reserve Bank of India has extended Directions issued to Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad for a further period of three months from November 04, 2015 to February 03, 2016, subject to review. The bank was under directions since May 2012. The Directions were earlier extended on six occasions for a period of six months each. The Directions were imposed in exercise of powers vested in the Reserve Bank under sub section (1) of Section 35A
The Reserve Bank of India has extended Directions issued to Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad for a further period of three months from November 04, 2015 to February 03, 2016, subject to review. The bank was under directions since May 2012. The Directions were earlier extended on six occasions for a period of six months each. The Directions were imposed in exercise of powers vested in the Reserve Bank under sub section (1) of Section 35A
નવે 05, 2015
RBI imposes Monetary Penalty on Dhanlaxmi Bank Ltd.
The Reserve Bank of India has imposed a monetary penalty of ₹ 10 million on Dhanlaxmi Bank Ltd. for violation of its instructions, among other things, on Know Your Customer (KYC) norms and Anti Money Laundering (AML) standards. The penalty has been imposed in exercise of powers vested in the Reserve Bank under the provisions of Section 47(A) (1) (c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, taking into account the violations of the instructions/
The Reserve Bank of India has imposed a monetary penalty of ₹ 10 million on Dhanlaxmi Bank Ltd. for violation of its instructions, among other things, on Know Your Customer (KYC) norms and Anti Money Laundering (AML) standards. The penalty has been imposed in exercise of powers vested in the Reserve Bank under the provisions of Section 47(A) (1) (c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, taking into account the violations of the instructions/
નવે 03, 2015
RBI withdraws Directions on The Panihati Co-operative Bank Limited, Kolkata
Reserve Bank had issued directions to The Panihati Co-operative Bank Limited, Panihati, Kolkata, West Bengal with effect from April 24, 2014 due to its precarious financial position. The directions were subsequently extended from time to time upto October 23, 2015. Now, on being satisfied, The Reserve Bank has withdrawn directions imposed on The Panihati Co-operative Bank Limited, Panihati, Kolkata with effect from close of business of October 16, 2015. However, the b
Reserve Bank had issued directions to The Panihati Co-operative Bank Limited, Panihati, Kolkata, West Bengal with effect from April 24, 2014 due to its precarious financial position. The directions were subsequently extended from time to time upto October 23, 2015. Now, on being satisfied, The Reserve Bank has withdrawn directions imposed on The Panihati Co-operative Bank Limited, Panihati, Kolkata with effect from close of business of October 16, 2015. However, the b
નવે 03, 2015
RBI imposes Monetary Penalty on The Madanapalle Co-operative Town Bank Ltd. Madanapalle, Chittor District, Andhra Pradesh
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on The Madanapalle Co-operative Town Bank Ltd., Madanapalle, Chittoor District, Andhra Pradesh, 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 Section 20 and Section 20 A of the Banking Regulation Act, 1949 (As Applicabl
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on The Madanapalle Co-operative Town Bank Ltd., Madanapalle, Chittoor District, Andhra Pradesh, 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 Section 20 and Section 20 A of the Banking Regulation Act, 1949 (As Applicabl
નવે 03, 2015
RBI imposes Monetary Penalty on Chaitanya Co-operative Urban Bank Ltd., Hyderabad, Telangana
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on Chaitanya Co-operative Urban Bank Ltd., Hyderabad, Telangana, 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 guidelines/directives of Reserve Bank of India on loans and advances to directors and their relatives. The R
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on Chaitanya Co-operative Urban Bank Ltd., Hyderabad, Telangana, 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 guidelines/directives of Reserve Bank of India on loans and advances to directors and their relatives. The R
નવે 03, 2015
RBI imposes Monetary Penalty on The Mehsana District Central Cooperative Bank Ltd., Mehsana (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on The Mehsana District Central Cooperative Bank Ltd., Mehsana (Gujarat) 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 provisions of Section 22(3)(b) of the B.R.Act, 1949 (AACS) relating to “the affairs of the co-oper
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on The Mehsana District Central Cooperative Bank Ltd., Mehsana (Gujarat) 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 provisions of Section 22(3)(b) of the B.R.Act, 1949 (AACS) relating to “the affairs of the co-oper
નવે 02, 2015
RBI extends Direction on The C.K.P. Co-operative Bank Ltd., Mumbai, Maharashtra
The Reserve Bank of India, on October 28, 2015, extended the period of operation of its directive on The C.K.P. Cooperative Bank Ltd., for a further period of three months from the close of business on October 31, 2015. The direction is subject to review. The other terms and conditions of the directive remain unchanged. A copy of the directive dated October 28, 2015 notifying the modification is displayed on the bank’s premises for perusal of public. The modification
The Reserve Bank of India, on October 28, 2015, extended the period of operation of its directive on The C.K.P. Cooperative Bank Ltd., for a further period of three months from the close of business on October 31, 2015. The direction is subject to review. The other terms and conditions of the directive remain unchanged. A copy of the directive dated October 28, 2015 notifying the modification is displayed on the bank’s premises for perusal of public. The modification
ઑક્ટો 30, 2015
RBI extends Directions on the Bhopal Nagrik Sahakari Bank Ltd., Bhopal (M.P.)
The Reserve Bank of India has issued certain Directions to Bhopal Nagrik Sahakari Bank Ltd., Bhopal (M.P.). The directive shall continue to apply for a further period of six months from November 01, 2015 to April 30, 2016, subject to review. The bank is under directions from the close of business of October 31, 2012. According to the Directions, Bhopal Nagrik Sahakari Bank Ltd., Bhopal (M.P.) cannot, from the close of business on October 31, 2012 and without prior app
The Reserve Bank of India has issued certain Directions to Bhopal Nagrik Sahakari Bank Ltd., Bhopal (M.P.). The directive shall continue to apply for a further period of six months from November 01, 2015 to April 30, 2016, subject to review. The bank is under directions from the close of business of October 31, 2012. According to the Directions, Bhopal Nagrik Sahakari Bank Ltd., Bhopal (M.P.) cannot, from the close of business on October 31, 2012 and without prior app
ઑક્ટો 30, 2015
RBI imposes Monetary Penalty on Balasinor Nagarik Sahakari Bank Ltd., Balasinor, Dist. Mahisagar
The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two Lakh) on Balasinor Nagarik Sahakari Bank Ltd., Balasinor, Dist. Mahisagar (Gujarat), 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 violations pertaining to (i) non-compliance with operational instructions imposed by RBI u/s 36 (1) of the B R Act
The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two Lakh) on Balasinor Nagarik Sahakari Bank Ltd., Balasinor, Dist. Mahisagar (Gujarat), 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 violations pertaining to (i) non-compliance with operational instructions imposed by RBI u/s 36 (1) of the B R Act
ઑક્ટો 28, 2015
RBI imposes Monetary Penalty on The Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on The Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad (Gujarat) 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 RBI guidelines/ instructions by not adhering to the operational instructions issued under Section 35A of t
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on The Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad (Gujarat) 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 RBI guidelines/ instructions by not adhering to the operational instructions issued under Section 35A of t
ઑક્ટો 20, 2015
RBI modifies the Directive imposed on the Indian Mercantile Co-operative Bank Ltd., Lucknow, Uttar Pradesh
The Reserve Bank of India has notified that in partial modification of its Directive dated July 30, 2014, it has, vide directive dated October 19, 2015, modified the directions on the Indian Mercantile Co-operative Bank Ltd., Lucknow. The bank has been originally placed under directions w.e.f June 12, 2014 vide directive dated June 04, 2014. In terms of the said Directive dated July 30, 2014, among other conditions, a sum not exceeding ₹ 1,00,000/- of the total balanc
The Reserve Bank of India has notified that in partial modification of its Directive dated July 30, 2014, it has, vide directive dated October 19, 2015, modified the directions on the Indian Mercantile Co-operative Bank Ltd., Lucknow. The bank has been originally placed under directions w.e.f June 12, 2014 vide directive dated June 04, 2014. In terms of the said Directive dated July 30, 2014, among other conditions, a sum not exceeding ₹ 1,00,000/- of the total balanc
ઑક્ટો 12, 2015
RBI extends Directions issued to the HCBL Co-operative Bank Ltd., Lucknow, Uttar Pradesh till April 15, 2016
The Reserve Bank of India has extended Directions issued to the HCBL Co-operative Bank Ltd., Lucknow for a further period of six months from October 16, 2015 to April 15, 2016, subject to review. The bank has been under directions since April 16, 2015 vide directive dated April 10, 2015 and modified directive dated June 29, 2015. According to the above directives, the HCBL Co-operative Bank Ltd., Lucknow cannot and without prior approval of the Reserve Bank in writing
The Reserve Bank of India has extended Directions issued to the HCBL Co-operative Bank Ltd., Lucknow for a further period of six months from October 16, 2015 to April 15, 2016, subject to review. The bank has been under directions since April 16, 2015 vide directive dated April 10, 2015 and modified directive dated June 29, 2015. According to the above directives, the HCBL Co-operative Bank Ltd., Lucknow cannot and without prior approval of the Reserve Bank in writing
ઑક્ટો 07, 2015
RBI issues Directions to Mercantile Urban Co-operative Bank Ltd., Meerut (Uttar Pradesh)
The Reserve Bank of India is satisfied that in the interest of the public, it is necessary to issue certain directions to the Mercantile Urban Co-operative Bank Ltd., Meerut. 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) read with Section 56 of the Banking Regulation Act, 1949 hereby directs that the Mercantile Urban Co-ope
The Reserve Bank of India is satisfied that in the interest of the public, it is necessary to issue certain directions to the Mercantile Urban Co-operative Bank Ltd., Meerut. 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) read with Section 56 of the Banking Regulation Act, 1949 hereby directs that the Mercantile Urban Co-ope
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પેજની છેલ્લી અપડેટની તારીખ: નવેમ્બર 21, 2024
