Press Releases - Regulating Co-operative Banking - આરબીઆઈ - Reserve Bank of India
પ્રેસ રિલીઝ
ડિસે 09, 2013
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) The Merchants' Co-operative Bank Ltd, Dhule, Maharastra
It is hereby notified for the information of the public that validity period of directions imposed on The Merchants’ Co-operative Bank Ltd., Dhule, vide our directives UBD.CO.BSD-I.No.D-23/12.22.147/2012-13 dated December 12, 2012 has been extended for a further period of six months from December 13, 2013 to June 12, 2014 vide our modified directive UBD.CO.BSD-I.No.D-19/12.22.147/2013-14 dated December 3, 2013 subject to review. The other terms and conditions remain u
It is hereby notified for the information of the public that validity period of directions imposed on The Merchants’ Co-operative Bank Ltd., Dhule, vide our directives UBD.CO.BSD-I.No.D-23/12.22.147/2012-13 dated December 12, 2012 has been extended for a further period of six months from December 13, 2013 to June 12, 2014 vide our modified directive UBD.CO.BSD-I.No.D-19/12.22.147/2013-14 dated December 3, 2013 subject to review. The other terms and conditions remain u
પીડીએફ (
ડિસે 06, 2013
RBI penalises The Kakinada District Co-operative Central Bank Ltd., Andhra Pradesh
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on The Kakinada District Co-operative Central Bank Ltd., Andhra Pradesh in exercise of 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 non-adherence to Know Your Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of India
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on The Kakinada District Co-operative Central Bank Ltd., Andhra Pradesh in exercise of 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 non-adherence to Know Your Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of India
ડિસે 05, 2013
RBI penalises The Coimbatore District Central Co-operative Bank Ltd., Tamil Nadu
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five lakh only) on The Coimbatore District Central Co-operative Bank Ltd., Tamil Nadu in exercise of 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 non-adherence to Know Your Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of India ha
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five lakh only) on The Coimbatore District Central Co-operative Bank Ltd., Tamil Nadu in exercise of 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 non-adherence to Know Your Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of India ha
નવે 29, 2013
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) United Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh - Extension of Validity Period of Directions
It is hereby notified for the information of the public that the validity period of directions imposed on United Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh vide our directive UBD.CO.BSD IV No.D-46/12.28.055/2012-13 dated May 24, 2013 has been extended further vide directive UBD.CO.BSD-IV No.D-18/ 12.28.055/2013-14 dated November 27, 2013 for a period of six months i.e. from December 01, 2013 to May 31, 2014. All the terms and conditions excepting the val
It is hereby notified for the information of the public that the validity period of directions imposed on United Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh vide our directive UBD.CO.BSD IV No.D-46/12.28.055/2012-13 dated May 24, 2013 has been extended further vide directive UBD.CO.BSD-IV No.D-18/ 12.28.055/2013-14 dated November 27, 2013 for a period of six months i.e. from December 01, 2013 to May 31, 2014. All the terms and conditions excepting the val
નવે 26, 2013
RBI Penalises Adarsh Co-operative Bank Limited, Sirohi
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on Adarh Urban Co-operative Bank Limited, Sirohi in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violating the Know Your Customers (KYC) norms and Anti Money Laundering (AML) directives of Reserve Bank of India. The Reserve Bank of India
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on Adarh Urban Co-operative Bank Limited, Sirohi in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violating the Know Your Customers (KYC) norms and Anti Money Laundering (AML) directives of Reserve Bank of India. The Reserve Bank of India
નવે 26, 2013
RBI Penalises Rajsamand Urban Co-operative Bank Limited, Rajsamand
The Reserve Bank of India has imposed a monetary penalty of ` 2.00 lakh (Rupees two lakh only) on Rajsamand Urban Co-operative Bank Limited, Rajsamand in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violating the Know Your Customers (KYC) norms and Anti Money Laundering (AML) directives of Reserve Bank of India. The Reserve Bank of
The Reserve Bank of India has imposed a monetary penalty of ` 2.00 lakh (Rupees two lakh only) on Rajsamand Urban Co-operative Bank Limited, Rajsamand in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violating the Know Your Customers (KYC) norms and Anti Money Laundering (AML) directives of Reserve Bank of India. The Reserve Bank of
નવે 26, 2013
RBI Penalises Sher Nagrik Sahakari Bank Ltd., Jabalpur (Madhya Pradesh)
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on Sher Nagrik Sahakari Bank Ltd., Jabalpur (Madhya Pradesh), in exercise of 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 RBI directive/instructions/ guidelines relating to Know Your Customers (KYC)/ Anti Money Laundering (AML) norms, ch
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on Sher Nagrik Sahakari Bank Ltd., Jabalpur (Madhya Pradesh), in exercise of 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 RBI directive/instructions/ guidelines relating to Know Your Customers (KYC)/ Anti Money Laundering (AML) norms, ch
નવે 01, 2013
The Udhna Citizen Co-operative Bank Ltd., Surat, (Gujarat) now under RBI Directions till May 1, 2014
The Reserve Bank of India has extended the period of directions imposed on The Udhna Citizen Co-operative Bank Ltd., Surat for further six months. The Bank will thus continue to be under directions from November 2, 2013 to May 1, 2014. The modified directive has been displayed on the bank premises for interested members of public to peruse. The Reserve Bank has initially imposed directions on The Udhna Citizen Co-operative Bank Ltd., Surat from the close of business o
The Reserve Bank of India has extended the period of directions imposed on The Udhna Citizen Co-operative Bank Ltd., Surat for further six months. The Bank will thus continue to be under directions from November 2, 2013 to May 1, 2014. The modified directive has been displayed on the bank premises for interested members of public to peruse. The Reserve Bank has initially imposed directions on The Udhna Citizen Co-operative Bank Ltd., Surat from the close of business o
ઑક્ટો 24, 2013
RBI Penalises Siwan Central Co-operative Bank Ltd., Siwan
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on Siwan Central Co-operative Bank Ltd., Bihar in exercise of 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 non-adherence to Know Your Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of India had issued a show cause
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on Siwan Central Co-operative Bank Ltd., Bihar in exercise of 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 non-adherence to Know Your Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of India had issued a show cause
ઑક્ટો 22, 2013
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) Shri Shivaji Sahakari Bank Ltd, Gadhinjlaj, Kolhapur, Maharastra
It is hereby notified for the information of the public that validity period of directions imposed on Shri Shivaji Sahakari Bank Ltd, Gadhinjlaj, Kolhapur, Maharastra vide Directive UBD CO BSD-1/D-61/12.22.249/2011-12 dated October 24, 2011 has been extended further vide modified directive UBD.CO.BSD-I.No.D-12/12.22.249/2013-14 dated October 17, 2013 for a period of six months i.e. from October 25, 2013 to April 24, 2014. The other terms and conditions remain unchange
It is hereby notified for the information of the public that validity period of directions imposed on Shri Shivaji Sahakari Bank Ltd, Gadhinjlaj, Kolhapur, Maharastra vide Directive UBD CO BSD-1/D-61/12.22.249/2011-12 dated October 24, 2011 has been extended further vide modified directive UBD.CO.BSD-I.No.D-12/12.22.249/2013-14 dated October 17, 2013 for a period of six months i.e. from October 25, 2013 to April 24, 2014. The other terms and conditions remain unchange
ઑક્ટો 22, 2013
Reserve Bank Cancels the Licence of Vishwakarma Nagari Sahakari Bank Maryadit, Aurangabad (Maharashtra)
In view of the fact that Vishwakarma Nagari Sahakari Bank Maryadit, Aurangabad (Maharashtra) had ceased to be solvent & the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India on September 12, 2013 delivered its order dated September 10, 2013 to the bank cancelling its licence to carry out banking business and the same is effective from the close of business of September 12, 2013. The Registrar of Co-operative Societies, Mahara
In view of the fact that Vishwakarma Nagari Sahakari Bank Maryadit, Aurangabad (Maharashtra) had ceased to be solvent & the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India on September 12, 2013 delivered its order dated September 10, 2013 to the bank cancelling its licence to carry out banking business and the same is effective from the close of business of September 12, 2013. The Registrar of Co-operative Societies, Mahara
ઑક્ટો 15, 2013
Reserve Bank Cancels the Licence of The Konkan Prant Sahakari Bank Ltd., Mumbai, (Maharashtra)
In view of the fact that The Konkan Prant Sahakari Bank Ltd., Mumbai, (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India (RBI) delivered the order cancelling its licence to the bank and the same is effective from the close of business as on October 1, 2013. The Registrar of Co-operative Socie
In view of the fact that The Konkan Prant Sahakari Bank Ltd., Mumbai, (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India (RBI) delivered the order cancelling its licence to the bank and the same is effective from the close of business as on October 1, 2013. The Registrar of Co-operative Socie
ઑક્ટો 14, 2013
Reserve Bank Cancels the Licence of Shri Siddhi Vinayak Nagari Sahakari Bank Ltd.,Rasayani, Raigad Dist., (Maharashtra)
In view of the fact that Shri Siddhi Vinayak Nagari Sahakari Bank Ltd., Rasayani, Raigad Dist., (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India (RBI) delivered the order cancelling its licence to the bank and the same is effective from the close of business as on September 25, 2013. The Re
In view of the fact that Shri Siddhi Vinayak Nagari Sahakari Bank Ltd., Rasayani, Raigad Dist., (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India (RBI) delivered the order cancelling its licence to the bank and the same is effective from the close of business as on September 25, 2013. The Re
ઑક્ટો 08, 2013
RBI penalises Rajputana Mahila Urban Co-operative Bank Ltd., Jaipur
The Reserve Bank of India has imposed a monetary penalty of `2.00 lakh (Rupees two lakh only) on Rajputana Mahila Urban Co-operative Bank Ltd., Jaipur, 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 violating the provisions of Section 35 (2) of B.R. Act, 1949 (AACS) by not providing records/information/statements of accounts of
The Reserve Bank of India has imposed a monetary penalty of `2.00 lakh (Rupees two lakh only) on Rajputana Mahila Urban Co-operative Bank Ltd., Jaipur, 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 violating the provisions of Section 35 (2) of B.R. Act, 1949 (AACS) by not providing records/information/statements of accounts of
ઑક્ટો 08, 2013
Cancellation of licence of Kokan Prant Sahakari Bank Ltd, Mumbai, Maharastra To carry on banking business
It is hereby notified for the information of the public that the Reserve Bank of India has cancelled vide order UBD.CO.BSD I/LC No. 6/12.22.114/2013-14, dated September 30, 2013, the licence of Kokan Prant Sahakari Bank Ltd,Mumbai, Maharastra to carry on banking business under Section 22 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of Banking Regulation Act, 1949. As such, the bank is precluded from transacting the
It is hereby notified for the information of the public that the Reserve Bank of India has cancelled vide order UBD.CO.BSD I/LC No. 6/12.22.114/2013-14, dated September 30, 2013, the licence of Kokan Prant Sahakari Bank Ltd,Mumbai, Maharastra to carry on banking business under Section 22 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of Banking Regulation Act, 1949. As such, the bank is precluded from transacting the
ઑક્ટો 03, 2013
RBI penalises Prime Co-operative Bank Ltd., Surat (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees Five Lakh only) on Prime Co-operative Bank Ltd., Surat (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 various RBI instructions relating to issuance of Demand Draft/Pay Order by the bank during the period from April 1, 2010 to M
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees Five Lakh only) on Prime Co-operative Bank Ltd., Surat (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 various RBI instructions relating to issuance of Demand Draft/Pay Order by the bank during the period from April 1, 2010 to M
સપ્ટે 30, 2013
Cancellation of Licence of Shri Siddhivinayak Nagri Sahakari Bank Ltd, Rasayani, District Raigad, Maharastra to carry on banking business
The Reserve Bank of India has notified that the licence of Shri Siddhivinayak Nagri Sahakari Bank Ltd., Rasayani, District Raigad, Maharastra has been cancelled vide order dated September 23, 2013 to carry on banking business under Section 22 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949. As such, the bank is precluded from transacting the business of 'banking' as defined in Secti
The Reserve Bank of India has notified that the licence of Shri Siddhivinayak Nagri Sahakari Bank Ltd., Rasayani, District Raigad, Maharastra has been cancelled vide order dated September 23, 2013 to carry on banking business under Section 22 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949. As such, the bank is precluded from transacting the business of 'banking' as defined in Secti
સપ્ટે 30, 2013
Reserve Bank Penalises United Commercial Co-operative Bank Limited, Kanpur, Uttar Pradesh
The Reserve Bank of India has, in exercise of 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) (hereinafter referred to as ‘the Act’) imposed a monetary penalty of ` 5.00 lakh (Rupees Five lakh only) on the United Commercial Co-operative Bank Limited, Kanpur, Uttar Pradesh (hereinafter referred to as "the bank") for the following violations: Non-submi
The Reserve Bank of India has, in exercise of 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) (hereinafter referred to as ‘the Act’) imposed a monetary penalty of ` 5.00 lakh (Rupees Five lakh only) on the United Commercial Co-operative Bank Limited, Kanpur, Uttar Pradesh (hereinafter referred to as "the bank") for the following violations: Non-submi
સપ્ટે 26, 2013
Reserve Bank Cancels the Licence of Kasundia Co-operative Bank Ltd., Howrah (West Bengal)
The Reserve Bank of India has, effective September 6, 2013, cancelled the licence of Kasundia Co-operative Bank Ltd. Howrah (West Bengal) as it had ceased to be solvent and the depositors were being inconvenienced by the continued uncertainty. Consequent to the cancellation of licence, Kasundia Co-operative Bank Ltd. Howrah (West Bengal) is prohibited from carrying on business of ‘banking’ as defined in Section 5(b) of the Banking Regulation Act 1949 (AACS). The Regis
The Reserve Bank of India has, effective September 6, 2013, cancelled the licence of Kasundia Co-operative Bank Ltd. Howrah (West Bengal) as it had ceased to be solvent and the depositors were being inconvenienced by the continued uncertainty. Consequent to the cancellation of licence, Kasundia Co-operative Bank Ltd. Howrah (West Bengal) is prohibited from carrying on business of ‘banking’ as defined in Section 5(b) of the Banking Regulation Act 1949 (AACS). The Regis
સપ્ટે 19, 2013
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - The Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad, Gujarat
The Reserve Bank of India had issued in exercise of powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS) read with Section 56 of the Banking Regulation Act, 1949, certain Directions to the Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad (Gujarat), whereby as from the close of business as on April 2, 2012, the aforesaid bank shall not, without prior approval in writing from the Reserve Bank of India, grant or renew any l
The Reserve Bank of India had issued in exercise of powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS) read with Section 56 of the Banking Regulation Act, 1949, certain Directions to the Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad (Gujarat), whereby as from the close of business as on April 2, 2012, the aforesaid bank shall not, without prior approval in writing from the Reserve Bank of India, grant or renew any l
સપ્ટે 17, 2013
RBI penalises Karjan Nagrik Sahakari Bank Ltd., Karjan Dist.Vadodara (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees One Lakh only) on the Karjan Nagrik Sahakari Bank Ltd., Karjan Dist. Vadodara (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 instructions relating to KYC norms. The Reserve Bank of India had issued a Show Cause Notice to the
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees One Lakh only) on the Karjan Nagrik Sahakari Bank Ltd., Karjan Dist. Vadodara (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 instructions relating to KYC norms. The Reserve Bank of India had issued a Show Cause Notice to the
સપ્ટે 17, 2013
RBI cancels Licence of Mahatma Fule Urban Co-operative Bank Ltd., Patoda, Dist. Beed (Maharashtra)
The Reserve Bank of India has, effective August 24, 2013, cancelled the licence of Mahatma Fule Urban Co-operative Bank Ltd, Patoda, Dist. Beed (Maharashtra) as it had ceased to be solvent and the depositors were being inconvenienced by the continued uncertainty. Consequent to the cancellation of its licence, Mahatma Fule Urban Co-operative Bank Ltd., Patoda Dist. Beed (Maharashtra) is prohibited from carrying on business of ‘banking’ as defined in Section 5(b) of the
The Reserve Bank of India has, effective August 24, 2013, cancelled the licence of Mahatma Fule Urban Co-operative Bank Ltd, Patoda, Dist. Beed (Maharashtra) as it had ceased to be solvent and the depositors were being inconvenienced by the continued uncertainty. Consequent to the cancellation of its licence, Mahatma Fule Urban Co-operative Bank Ltd., Patoda Dist. Beed (Maharashtra) is prohibited from carrying on business of ‘banking’ as defined in Section 5(b) of the
સપ્ટે 13, 2013
Reserve Bank cancels the licence of The Srikakulam Co-operative Urban Bank Ltd., Srikakulam - Andhra Pradesh
In view of the fact that The Srikakulam Co-operative Urban Bank Ltd., Srikakulam (Andhra Pradesh) had ceased to be solvent, all efforts to revive it had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence, dated August 23, 2013 to the bank on August 27, 2013. The Registrar of Co-operative Societies, Andhra Pradesh has also been requested to issue an order for winding up the
In view of the fact that The Srikakulam Co-operative Urban Bank Ltd., Srikakulam (Andhra Pradesh) had ceased to be solvent, all efforts to revive it had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence, dated August 23, 2013 to the bank on August 27, 2013. The Registrar of Co-operative Societies, Andhra Pradesh has also been requested to issue an order for winding up the
સપ્ટે 10, 2013
RBI penalises Jamia Cooperative Bank Ltd, 2/9, Surya Complex, Sarai Julena, Okhla Road, New Delhi - 110025
The Reserve Bank of India has imposed a monetary penalty of `2 lakh (` Two lakh ) on Jamia Cooperative Bank Ltd, 2/9, Surya Complex, Sarai Jullena, Okhla Road, New Delhi -110025. The penalty has been imposed on the bank for violation of (i) Know Your Customer (KYC) and Anti Money Laundering (AML) norms insofar as carrying out sufficient customer identification procedures, ascertaining the identification of natural persons behind entities, carrying out enhanced due dil
The Reserve Bank of India has imposed a monetary penalty of `2 lakh (` Two lakh ) on Jamia Cooperative Bank Ltd, 2/9, Surya Complex, Sarai Jullena, Okhla Road, New Delhi -110025. The penalty has been imposed on the bank for violation of (i) Know Your Customer (KYC) and Anti Money Laundering (AML) norms insofar as carrying out sufficient customer identification procedures, ascertaining the identification of natural persons behind entities, carrying out enhanced due dil
સપ્ટે 06, 2013
RBI imposes penalty on The Karjan Nagarik Sahakari Bank Ltd., Karjan, District Vadodara (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees one lakh only) on The Karjan Nagarik Sahakari Bank Ltd., Karjan, District Vadodara (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 Reserve Bank's instructions relating to 'know your customer' (KYC) norms. The Reserve Bank had
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees one lakh only) on The Karjan Nagarik Sahakari Bank Ltd., Karjan, District Vadodara (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 Reserve Bank's instructions relating to 'know your customer' (KYC) norms. The Reserve Bank had
ઑગસ્ટ 27, 2013
RBI imposes penalty on The Baripada Urban Co-operative Bank Ltd., Baripada
The Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees one lakh only) on The Baripada Urban Co-operative Bank Ltd., Baripada, 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 31 of the Banking Regulation Act, 1949 (AACS) relating to publication/submission of accounts a
The Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees one lakh only) on The Baripada Urban Co-operative Bank Ltd., Baripada, 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 31 of the Banking Regulation Act, 1949 (AACS) relating to publication/submission of accounts a
ઑગસ્ટ 26, 2013
RBI Directions on The Municipal Co-operative Bank Ltd., Ahmedabad extended
The Municipal Co-operative Bank Ltd., Ahmedabad was imposed directions by Reserve Bank of India vide its Directive UBD.CO.NSB.II/D-85/12.21.114/2009-10 dated February 8, 2010, effective from close of business on February 15, 2010, in exercise of the powers vested under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies). The period of Directions imposed which was expiring on August 14, 2013, has since been furth
The Municipal Co-operative Bank Ltd., Ahmedabad was imposed directions by Reserve Bank of India vide its Directive UBD.CO.NSB.II/D-85/12.21.114/2009-10 dated February 8, 2010, effective from close of business on February 15, 2010, in exercise of the powers vested under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies). The period of Directions imposed which was expiring on August 14, 2013, has since been furth
ઑગસ્ટ 23, 2013
RBI penalises six banks
The Reserve Bank has imposed monetary penalty on the following six banks for violation of Reserve Bank of India instructions, inter alia, on Know Your Customer/Anti Money Laundering. The details of the penalty are: Sl. No. Name of the bank Penalty Amount (in ` Crore) 1 Allahabad Bank 0.50 2 Bank of Maharashtra 0.501 3 Corporation Bank 1.50 4 Dena Bank 2.00 5 IDBI Bank Ltd. 1.00 6 Indian Bank 1.00 The penalties have been imposed in exercise of powers vested in the Rese
The Reserve Bank has imposed monetary penalty on the following six banks for violation of Reserve Bank of India instructions, inter alia, on Know Your Customer/Anti Money Laundering. The details of the penalty are: Sl. No. Name of the bank Penalty Amount (in ` Crore) 1 Allahabad Bank 0.50 2 Bank of Maharashtra 0.501 3 Corporation Bank 1.50 4 Dena Bank 2.00 5 IDBI Bank Ltd. 1.00 6 Indian Bank 1.00 The penalties have been imposed in exercise of powers vested in the Rese
ઑગસ્ટ 22, 2013
Reserve Bank of India penalizes Nagrik Sahakari Bank Ltd., Indore (Madhya Pradesh)
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on The Nagrik Sahakari Bank Ltd., Indore (Madhya 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 RBI directive and section 36(1) of the Banking Regulation Act, 1949 (AACS) relating to loans and advances to directo
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on The Nagrik Sahakari Bank Ltd., Indore (Madhya 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 RBI directive and section 36(1) of the Banking Regulation Act, 1949 (AACS) relating to loans and advances to directo
ઑગસ્ટ 20, 2013
RBI Directions on Rupee Co-operative Bank Ltd. extended
The Reserve Bank of India has, on August 14, 2013, extended the validity period of directions imposed on Rupee Co-operative Bank Ltd., Pune, Maharashtra for a further period of six months from August 22, 2013 to February 21, 2014. The other terms and conditions remain unchanged. A copy of the Reserve Bank’s direction dated August 14, 2013 notifying the modification is displayed at the bank’s premises for the perusal of public. The modification should not per se be con
The Reserve Bank of India has, on August 14, 2013, extended the validity period of directions imposed on Rupee Co-operative Bank Ltd., Pune, Maharashtra for a further period of six months from August 22, 2013 to February 21, 2014. The other terms and conditions remain unchanged. A copy of the Reserve Bank’s direction dated August 14, 2013 notifying the modification is displayed at the bank’s premises for the perusal of public. The modification should not per se be con
ઑગસ્ટ 08, 2013
Reserve Bank of India penalizes The Gandhidham Mercantile Cooperative Bank Ltd., Dist. Kutch (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of ` 5 lakh (Rupees Five Lakh only) on The Gandhidham Mercantile Cooperative Bank Ltd, 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 Cooperative Societies) for violation of guidelines of the Reserve Bank on disclosure of monetary penalty in public domain, lending for purchase o
The Reserve Bank of India has imposed a monetary penalty of ` 5 lakh (Rupees Five Lakh only) on The Gandhidham Mercantile Cooperative Bank Ltd, 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 Cooperative Societies) for violation of guidelines of the Reserve Bank on disclosure of monetary penalty in public domain, lending for purchase o
ઑગસ્ટ 06, 2013
Reserve Bank of India penalizes The Sarvodaya Sahakari Bank Ltd., Surat (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees One Lakh Only) on The Sarvodaya Sahakari Bank Ltd., Surat (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A(1) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI instructions by making donation in excess of prescribed ceiling. The Reserve Bank of India had issued a show cause notice
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees One Lakh Only) on The Sarvodaya Sahakari Bank Ltd., Surat (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A(1) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI instructions by making donation in excess of prescribed ceiling. The Reserve Bank of India had issued a show cause notice
ઑગસ્ટ 01, 2013
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) Kokan Prant Sahakari Bank Ltd., Mumbai, Maharashtra
It is hereby notified for the information of the public that validity period of directions imposed on Kokan Prant Sahakari Bank Ltd., Mumbai, Maharashtra vide our directive UBD.CO.BSD-I/.D-04/12.22.114/2012-13 dated August 06, 2012, has been extended further vide modified directive UBD.CO.BSD I/D-2/12.22.114/2013-14 dated July 29, 2013 further for a period of three months i.e. from August 07, 2013 to November 06, 2013. The other terms and conditions remain unchanged.
It is hereby notified for the information of the public that validity period of directions imposed on Kokan Prant Sahakari Bank Ltd., Mumbai, Maharashtra vide our directive UBD.CO.BSD-I/.D-04/12.22.114/2012-13 dated August 06, 2012, has been extended further vide modified directive UBD.CO.BSD I/D-2/12.22.114/2013-14 dated July 29, 2013 further for a period of three months i.e. from August 07, 2013 to November 06, 2013. The other terms and conditions remain unchanged.
જુલાઈ 17, 2013
Reserve Bank of India penalizes The Nasik Merchants’ Co-operative Bank Ltd., Nasik, Maharashtra
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., Nasik, Maharashtra, in exercise of the powers vested in it under the provisions of Section 46(4) read with Section 47A(1)(a) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of instructions/ guidelines of the Reserve Bank of India. Inspection of the bank with reference to its position
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., Nasik, Maharashtra, in exercise of the powers vested in it under the provisions of Section 46(4) read with Section 47A(1)(a) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of instructions/ guidelines of the Reserve Bank of India. Inspection of the bank with reference to its position
જુલાઈ 15, 2013
RBI penalises 22 Banks
The Reserve Bank of India has imposed monetary penalty on the following 22 banks for violation of its instructions, among other things, on Know Your Customer/Anti Money Laundering. The details are: Monetary Penalty Sl. No. Name of the bank Penalty Amount (in ` crore) 1 Andhra Bank 2.50 2 Bank of Baroda 3.00 3 Bank of India 3.00 4 Canara Bank 3.001 5 Central Bank of India 3.00 6 Deutsche Bank A.G. 1.00 7 Development Credit Bank Ltd. 1.00 8 Dhanlaxmi Bank Ltd. 2.00 9 In
The Reserve Bank of India has imposed monetary penalty on the following 22 banks for violation of its instructions, among other things, on Know Your Customer/Anti Money Laundering. The details are: Monetary Penalty Sl. No. Name of the bank Penalty Amount (in ` crore) 1 Andhra Bank 2.50 2 Bank of Baroda 3.00 3 Bank of India 3.00 4 Canara Bank 3.001 5 Central Bank of India 3.00 6 Deutsche Bank A.G. 1.00 7 Development Credit Bank Ltd. 1.00 8 Dhanlaxmi Bank Ltd. 2.00 9 In
જુલાઈ 01, 2013
RBI discloses the names of applicants for new bank licences in the private sector
The Reserve Bank of India in all received 26 (twenty six) applications. The names of the applicants are: Aditya Birla Nuvo Ltd., Mumbai. Bajaj Finserv Ltd., Pune. Bandhan Financial Services Pvt. Ltd., Kolkata. Department of Posts, New Delhi. Edelweiss Financial Services Limited, Mumbai. IDFC Limited, Mumbai. IFCI Limited, New Delhi. Indiabulls Housing Finance Limited, New Delhi. India Infoline Ltd., Mumbai. INMACS Management Services Limited, Gurgaon. Janalakshmi Fina
The Reserve Bank of India in all received 26 (twenty six) applications. The names of the applicants are: Aditya Birla Nuvo Ltd., Mumbai. Bajaj Finserv Ltd., Pune. Bandhan Financial Services Pvt. Ltd., Kolkata. Department of Posts, New Delhi. Edelweiss Financial Services Limited, Mumbai. IDFC Limited, Mumbai. IFCI Limited, New Delhi. Indiabulls Housing Finance Limited, New Delhi. India Infoline Ltd., Mumbai. INMACS Management Services Limited, Gurgaon. Janalakshmi Fina
જૂન 26, 2013
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - The Merchants' Co-operative Bank Ltd., Dhule, Maharashtra
It is hereby notified for the information of the public that validity period of directions imposed on The Merchants' Co-operative Bank Ltd., Dhule, Maharashtra vide RBI's directive UBD.CO.BSD-I.No.D-23/12.22.147/2012-13 dated December 12, 2012 has been extended for a further period of six months from June 13, 2013 to December 12, 2013 vide RBI's modified directive UBD.CO.BSD-I.No.D-47/12.22.147/ 2012-13 dated June 3, 2013 subject to review. The other terms and conditi
It is hereby notified for the information of the public that validity period of directions imposed on The Merchants' Co-operative Bank Ltd., Dhule, Maharashtra vide RBI's directive UBD.CO.BSD-I.No.D-23/12.22.147/2012-13 dated December 12, 2012 has been extended for a further period of six months from June 13, 2013 to December 12, 2013 vide RBI's modified directive UBD.CO.BSD-I.No.D-47/12.22.147/ 2012-13 dated June 3, 2013 subject to review. The other terms and conditi
જૂન 19, 2013
Reserve Bank Cancels the Licence of Vaishali Urban Co-operative Bank Ltd. (Jaipur)
In view of the fact that The Vaishali Urban Co-operative Bank Ltd. Jaipur, Rajasthan, has ceased to be solvent, all efforts to revive it having failed and the depositors being inconvenienced by the continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank on June 12, 2013. The Registrar of Co-operative societies, Government of Rajasthan has also been requested to issue an order for winding up the bank and appoint a liquida
In view of the fact that The Vaishali Urban Co-operative Bank Ltd. Jaipur, Rajasthan, has ceased to be solvent, all efforts to revive it having failed and the depositors being inconvenienced by the continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank on June 12, 2013. The Registrar of Co-operative societies, Government of Rajasthan has also been requested to issue an order for winding up the bank and appoint a liquida
જૂન 10, 2013
The Hyderabad District Co-operative Central Bank Ltd., Andhra Pradesh - Penalised
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on The Hyderabad District Co-operative Central Bank Ltd., Andhra Pradesh in exercise of 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 non-adherence to Know Your Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of Indi
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on The Hyderabad District Co-operative Central Bank Ltd., Andhra Pradesh in exercise of 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 non-adherence to Know Your Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of Indi
જૂન 10, 2013
RBI penalises Axis Bank, HDFC Bank and ICICI Bank
The Reserve Bank has imposed a monetary penalty on Axis Bank, HDFC Bank and ICICI Bank for violating Reserve Bank of India instructions. The details of the penalty are: Bank Penalty amount (` in lakh) Axis Bank Ltd. 500.10 HDFC Bank Ltd. 450.00 ICICI Bank Ltd. 100.10 The penalties have 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, It may be rec
The Reserve Bank has imposed a monetary penalty on Axis Bank, HDFC Bank and ICICI Bank for violating Reserve Bank of India instructions. The details of the penalty are: Bank Penalty amount (` in lakh) Axis Bank Ltd. 500.10 HDFC Bank Ltd. 450.00 ICICI Bank Ltd. 100.10 The penalties have 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, It may be rec
મે 31, 2013
Jain Co-Operative Bank Ltd, 80 Darya Ganj, New Delhi - Penalised
The Reserve Bank of India has imposed a monetary penalty of `2 lakh (` Two lakh ) on the Jain Cooperative Bank Ltd, 80 Darya Ganj, New Delhi -110002 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 on inter-bank exposure limit, exposure to real estate sector, non-adherence to KYC guidelines, non-adherence to the Do’s and Don
The Reserve Bank of India has imposed a monetary penalty of `2 lakh (` Two lakh ) on the Jain Cooperative Bank Ltd, 80 Darya Ganj, New Delhi -110002 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 on inter-bank exposure limit, exposure to real estate sector, non-adherence to KYC guidelines, non-adherence to the Do’s and Don
મે 29, 2013
Bhilwara Mahila Urban Co-Operative Bank Ltd, Bhilwara - Penalised
The Reserve Bank of India has, 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 (AACS), imposed a monetary penalty of `1.00 lakh ( ` one lakh only ) on the Bhilwara Mahila Urban Co-operative Bank Limited, Bhilwara, for violating the RBI guidelines/directives pertaining to breach of ceiling on unsecured advances and loans to relatives of directors of the bank. The Reserve Bank of I
The Reserve Bank of India has, 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 (AACS), imposed a monetary penalty of `1.00 lakh ( ` one lakh only ) on the Bhilwara Mahila Urban Co-operative Bank Limited, Bhilwara, for violating the RBI guidelines/directives pertaining to breach of ceiling on unsecured advances and loans to relatives of directors of the bank. The Reserve Bank of I
મે 27, 2013
Reserve Bank Cancels the Licence of Arjun Urban Co-operative Bank Ltd., Solapur, (Maharashtra)
In view of the fact that Arjun Urban Co-operative Bank Ltd, Solapur, (Maharashtra), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India [RBI] delivered the order cancelling its licence to the bank and the same is effective from the close of business as on May 21, 2013. The Registrar of Co-operative Societie
In view of the fact that Arjun Urban Co-operative Bank Ltd, Solapur, (Maharashtra), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India [RBI] delivered the order cancelling its licence to the bank and the same is effective from the close of business as on May 21, 2013. The Registrar of Co-operative Societie
મે 23, 2013
Reserve Bank Cancels the Licence of Arjun Urban Co-Operative Bank Ltd., Dist. Solapur, Maharashtra for carrying on banking business
It is hereby notified for the information of the public that the Reserve Bank of India has cancelled vide order dated May 21, 2013, the licence of Arjun Urban Co-Operative Bank Ltd. Dist. Solapur, Maharashtra to carry on banking business under Section 22 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of Banking Regulation Act, 1949. As such, the bank is precluded from transacting the business of 'banking' as defined
It is hereby notified for the information of the public that the Reserve Bank of India has cancelled vide order dated May 21, 2013, the licence of Arjun Urban Co-Operative Bank Ltd. Dist. Solapur, Maharashtra to carry on banking business under Section 22 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of Banking Regulation Act, 1949. As such, the bank is precluded from transacting the business of 'banking' as defined
મે 17, 2013
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Shri Shivaji Sahakari Bank Ltd., Gadhinglaj, Dist. Kolhapur, Maharashtra
It is hereby notified for the information of the public that validity period of directions imposed on Shri Shivaji Sahakari Bank Ltd., Gadhinglaj, Dist. Kolhapur vide RBI's directive UBD.CO.BSD-I.No.D-61/12.22.249/2011-12 dated October 24, 2011 has been extended for a further period of six months from April 25, 2013 to October 24, 2013 vide RBI's modified directive UBD.CO.BSD-I.No.D-42/12.22.249/ 2012-13 dated April 16, 2013 subject to review. The other terms and cond
It is hereby notified for the information of the public that validity period of directions imposed on Shri Shivaji Sahakari Bank Ltd., Gadhinglaj, Dist. Kolhapur vide RBI's directive UBD.CO.BSD-I.No.D-61/12.22.249/2011-12 dated October 24, 2011 has been extended for a further period of six months from April 25, 2013 to October 24, 2013 vide RBI's modified directive UBD.CO.BSD-I.No.D-42/12.22.249/ 2012-13 dated April 16, 2013 subject to review. The other terms and cond
મે 03, 2013
RBI imposes penalty on The Bechraji Nagrik Sahakari Bank Ltd., Mehsana (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees one lakh only) on The Bechraji Nagrik Sahakari 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 RBI Directive No.5 dated April 29, 2003 read with Section 20 of the B.R. Act, 1949, (AACS) by granting loans t
The Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees one lakh only) on The Bechraji Nagrik Sahakari 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 RBI Directive No.5 dated April 29, 2003 read with Section 20 of the B.R. Act, 1949, (AACS) by granting loans t
મે 03, 2013
RBI imposes penalty on The Financial Cooperative Bank Ltd., Surat (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees one lakh only) on The Financial Cooperative Bank Ltd., Surat (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 RBI instructions by exceeding the ceiling prescribed for inter-bank deposit exposure limit. The Reserve Bank of Ind
The Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees one lakh only) on The Financial Cooperative Bank Ltd., Surat (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 RBI instructions by exceeding the ceiling prescribed for inter-bank deposit exposure limit. The Reserve Bank of Ind
એપ્રિલ 16, 2013
RBI imposes penalty on Vasantdada Nagari Sahakari Bank Ltd., Osmanabad
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five Lakh only) on the Vasantdada Nagari Sahakari Bank Ltd. Osmanabad, 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 directives / guidelines of the Reserve Bank of India on maximum limit on unsecured advances, sanctioning loans and ad
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five Lakh only) on the Vasantdada Nagari Sahakari Bank Ltd. Osmanabad, 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 directives / guidelines of the Reserve Bank of India on maximum limit on unsecured advances, sanctioning loans and ad
એપ્રિલ 12, 2013
RBI penalises Unjha Nagrik Sahakari Bank Ltd., Mehsana (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees One Lakh only) on the Unjha Nagrik Sahakari Bank Ltd., Mehsana (Gujarat) for violation of Section 14A of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), and the directives/guidelines issued by the Reserve Bank of India on Individual and Group Exposure Limits. The penalty has been imposed in exercise of the powers vested in the Reserve Bank under the provisions o
The Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees One Lakh only) on the Unjha Nagrik Sahakari Bank Ltd., Mehsana (Gujarat) for violation of Section 14A of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), and the directives/guidelines issued by the Reserve Bank of India on Individual and Group Exposure Limits. The penalty has been imposed in exercise of the powers vested in the Reserve Bank under the provisions o
એપ્રિલ 04, 2013
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) Shri Siddhivinayak Nagari Sahakari Bank Ltd., Rasayani, Dist. Raigad, Maharashtra
It is hereby notified for the information of the public that validity period of directions imposed on Shri Siddhivinayak Nagari Sahakari Bank Ltd., Rasayani, Dist. Raigad vide RBI directive UBD.CO.BSD-I.No.D-56/12.22.332/2011-12 dated September 29, 2011 has been extended further vide modified directive UBD.CO.BSD-I.No.D-36/12.22.332/2012-13 dated March 20, 2013 for a period of six months i.e. from March 29, 2013 to September 28, 2013. The other terms and conditions re
It is hereby notified for the information of the public that validity period of directions imposed on Shri Siddhivinayak Nagari Sahakari Bank Ltd., Rasayani, Dist. Raigad vide RBI directive UBD.CO.BSD-I.No.D-56/12.22.332/2011-12 dated September 29, 2011 has been extended further vide modified directive UBD.CO.BSD-I.No.D-36/12.22.332/2012-13 dated March 20, 2013 for a period of six months i.e. from March 29, 2013 to September 28, 2013. The other terms and conditions re
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પેજની છેલ્લી અપડેટની તારીખ: નવેમ્બર 21, 2024
