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ಮೇ 06, 2016
RBI introduces Research Internship Scheme
The Reserve Bank of India has introduced a Research Internship Scheme to provide an opportunity to young individuals to expose themselves to cutting edge research in central banking. The scheme is aimed at individuals who have recently finished their graduation and wish to pursue PhD in economics, banking, finance or related fields, or to move to positions in government research institutions or financial institutions that require a quantitative and analytic orientatio
The Reserve Bank of India has introduced a Research Internship Scheme to provide an opportunity to young individuals to expose themselves to cutting edge research in central banking. The scheme is aimed at individuals who have recently finished their graduation and wish to pursue PhD in economics, banking, finance or related fields, or to move to positions in government research institutions or financial institutions that require a quantitative and analytic orientatio
ಮೇ 06, 2016
RBI extends validity of the Directions issued to the Bhopal Nagrik Sahakari Bank Ltd., Bhopal (M.P.)
The Reserve Bank of India has extended the Directions issued to the Bhopal Nagrik Sahakari Bank Ltd., Bhopal (M.P.) for a further period of six months from May 01, 2016 to October 31, 2016, subject to review. The bank has been under directions from close of business of October 31, 2012 vide directive dated October 29, 2012 issued under Section 35A of the Banking Regulation Act, 1949 (AACS). The validity of the aforesaid directive has been extended from time to time fo
The Reserve Bank of India has extended the Directions issued to the Bhopal Nagrik Sahakari Bank Ltd., Bhopal (M.P.) for a further period of six months from May 01, 2016 to October 31, 2016, subject to review. The bank has been under directions from close of business of October 31, 2012 vide directive dated October 29, 2012 issued under Section 35A of the Banking Regulation Act, 1949 (AACS). The validity of the aforesaid directive has been extended from time to time fo
ಮೇ 05, 2016
RBI releases “Draft Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector”
The Reserve Bank of India today released on its website, “Draft Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector”. It has sought views/comments on the draft guidelines from banks, non-banking financial institutions, industrial houses, other institutions and the public at large. Suggestions and comments on the draft guidelines may be sent by June 30, 2016 to the Chief General Manager, Reserve Bank of India, Department of Banking Regulation, Ce
The Reserve Bank of India today released on its website, “Draft Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector”. It has sought views/comments on the draft guidelines from banks, non-banking financial institutions, industrial houses, other institutions and the public at large. Suggestions and comments on the draft guidelines may be sent by June 30, 2016 to the Chief General Manager, Reserve Bank of India, Department of Banking Regulation, Ce
ಮೇ 05, 2016
RBI imposes penalty on The Midnapore Peoples’ Co-operative Bank Ltd., Dist- Paschim Medinipur, West Bengal
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.5 lakh (Rupees One Lakh Fifty Thousand only) on The Midnapore Peoples’ Co-operative Bank Ltd., Dist- Paschim, Medinipur, West Bengal, Pin-721101, 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 violation of instructions contained in Master Circular on Know Your Customer No
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.5 lakh (Rupees One Lakh Fifty Thousand only) on The Midnapore Peoples’ Co-operative Bank Ltd., Dist- Paschim, Medinipur, West Bengal, Pin-721101, 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 violation of instructions contained in Master Circular on Know Your Customer No
ಮೇ 05, 2016
RBI imposes penalty on The Godhra Urban Co-operative Bank Ltd., Godhra, Dist. Panchmahal (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One Lakh only) on The Godhra Urban Co-operative Bank Ltd., Godhra, Dist. Panchmahal (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 issuance of large number of ‘at par’ cheques to a single party on the same day in cas
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One Lakh only) on The Godhra Urban Co-operative Bank Ltd., Godhra, Dist. Panchmahal (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 issuance of large number of ‘at par’ cheques to a single party on the same day in cas
ಮೇ 04, 2016
RBI withdraws Directions issued to Dilip Urban Co-operative Bank Ltd., Barshi, District - Solapur, Maharashtra
The Reserve Bank of India has withdrawn the All Inclusive Directions issued vide order dated August 06, 2014 to Dilip Urban Co-operative Bank Ltd., Barshi, District - Solapur, Maharashtra, with effect from the close of business on May 04, 2016. The withdrawal of Directions is in exercise of powers vested in the Reserve Bank of India under sub-section (2) of Section 35A of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies). A copy of the above o
The Reserve Bank of India has withdrawn the All Inclusive Directions issued vide order dated August 06, 2014 to Dilip Urban Co-operative Bank Ltd., Barshi, District - Solapur, Maharashtra, with effect from the close of business on May 04, 2016. The withdrawal of Directions is in exercise of powers vested in the Reserve Bank of India under sub-section (2) of Section 35A of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies). A copy of the above o
ಮೇ 03, 2016
RBI cancels Certificate of Registration of 6 NBFCs
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following non-banking financial companies (NBFCs). The Reserve Bank, in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Name of the Company Registered Office Address CoR No. Issued On Cancellation Order Date 1. M/s Gyanijay Tradecomm Private Limited 43, Rafi Ahmed Kidwai Road, Kolkata – 700016 B.05.03365 January 19, 2001 F
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following non-banking financial companies (NBFCs). The Reserve Bank, in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Name of the Company Registered Office Address CoR No. Issued On Cancellation Order Date 1. M/s Gyanijay Tradecomm Private Limited 43, Rafi Ahmed Kidwai Road, Kolkata – 700016 B.05.03365 January 19, 2001 F
ಮೇ 03, 2016
2 NBFCs surrender their Certificate of Registration to RBI
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Registered Office Address CoR No. Issued On Cancellation Order Date 1. M/s Jubilant Capital Private Limited 1-A, Sector 16-A, Noida, Uttar Pr
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Registered Office Address CoR No. Issued On Cancellation Order Date 1. M/s Jubilant Capital Private Limited 1-A, Sector 16-A, Noida, Uttar Pr
ಮೇ 03, 2016
RBI withdraws Directions issued to “Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad, Maharashtra”
The Reserve Bank of India has withdrawn the All Inclusive Directions issued on May 04, 2012 to “Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad, Maharashtra” with effect from the close of business as on May 02, 2016. 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 Cooperative Societies). A copy of the Order is displayed on the ba
The Reserve Bank of India has withdrawn the All Inclusive Directions issued on May 04, 2012 to “Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad, Maharashtra” with effect from the close of business as on May 02, 2016. 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 Cooperative Societies). A copy of the Order is displayed on the ba
ಮೇ 02, 2016
Nagar Sahakari Bank Limited, Gorakhpur - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One lakh only) on Nagar Sahkari Bank Ltd., Gorakhpur 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 violation of Section 27 of the above Act relating to submission of statutory returns. The Reserve Bank of India had issued a show cause notice to the bank,
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One lakh only) on Nagar Sahkari Bank Ltd., Gorakhpur 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 violation of Section 27 of the above Act relating to submission of statutory returns. The Reserve Bank of India had issued a show cause notice to the bank,
ಏಪ್ರಿ 28, 2016
Magadh Central Co-operative Bank Ltd., Gaya - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 5,00,000/- (Rupees Five lakh only) on Magadh Central Co-operative Bank Ltd., Gaya 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 27 of the B.R.Act, 1949 (AACS) relating to submission of statutory returns. The Reserve Bank of India
The Reserve Bank of India has imposed a monetary penalty of ₹ 5,00,000/- (Rupees Five lakh only) on Magadh Central Co-operative Bank Ltd., Gaya 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 27 of the B.R.Act, 1949 (AACS) relating to submission of statutory returns. The Reserve Bank of India
ಏಪ್ರಿ 27, 2016
Capital Small Finance Bank Ltd. commences Operations
The Reserve Bank of India has today notified that Capital Small Finance Bank Ltd. commenced its operations as a small finance bank (SFB) with effect from April 24, 2016. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of small finance bank in India. The Capital Small Finance Bank Ltd. has been set up by converting the erstwhile Capital Local Area Bank Ltd. Consequently, Capital Local A
The Reserve Bank of India has today notified that Capital Small Finance Bank Ltd. commenced its operations as a small finance bank (SFB) with effect from April 24, 2016. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of small finance bank in India. The Capital Small Finance Bank Ltd. has been set up by converting the erstwhile Capital Local Area Bank Ltd. Consequently, Capital Local A
ಏಪ್ರಿ 25, 2016
The Dhrangadhra Peoples’ Co-operative Bank Ltd., Dist. Surendranagar (Gujarat) – Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One Lakh only) on The Dhrangadhra Peoples’ Co-operative Bank Ltd., Dist. Surendranagar (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) subjecting the investment portfolio to concu
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One Lakh only) on The Dhrangadhra Peoples’ Co-operative Bank Ltd., Dist. Surendranagar (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) subjecting the investment portfolio to concu
ಏಪ್ರಿ 20, 2016
RBI to issue of ₹ 100 banknotes with inset letter ‘L’
The Reserve Bank of India will shortly issue ₹ 100 denomination banknotes with three additional/revised features in the Mahatma Gandhi Series-2005, with inset letter ‘L’ in both the numbering panels, bearing the signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, and the year of printing '2015' printed on the reverse of the banknote. The design of these banknotes to be issued now is similar in all respects to the ₹ 100 banknotes in Mahatma Gandhi Seri
The Reserve Bank of India will shortly issue ₹ 100 denomination banknotes with three additional/revised features in the Mahatma Gandhi Series-2005, with inset letter ‘L’ in both the numbering panels, bearing the signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, and the year of printing '2015' printed on the reverse of the banknote. The design of these banknotes to be issued now is similar in all respects to the ₹ 100 banknotes in Mahatma Gandhi Seri
ಏಪ್ರಿ 20, 2016
10 NBFCs surrender their Certificate of Registration to RBI
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Registered Office Address CoR No. Issued On Cancellation Order Date 1. M/s IGL Finance Limited A-1, Industrial area, Bazpur road, Kashipur, U
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Registered Office Address CoR No. Issued On Cancellation Order Date 1. M/s IGL Finance Limited A-1, Industrial area, Bazpur road, Kashipur, U
ಏಪ್ರಿ 18, 2016
RBI extends Directions issued to the HCBL Co-operative Bank Ltd., Lucknow, Uttar Pradesh till October 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 April 16, 2016 to October 15, 2016, subject to review. The bank had been under directions since the close of business on April 16, 2015 vide directive dated April 10, 2015 issued under Section 35A of the Banking Regulation Act, 1949 (AACS). The aforesaid directive was modified and its validity extended upto April 15, 2016. The sa
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 April 16, 2016 to October 15, 2016, subject to review. The bank had been under directions since the close of business on April 16, 2015 vide directive dated April 10, 2015 issued under Section 35A of the Banking Regulation Act, 1949 (AACS). The aforesaid directive was modified and its validity extended upto April 15, 2016. The sa
ಏಪ್ರಿ 13, 2016
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) – Jamkhed Merchants Co-operative Bank Ltd., Jamkhed, Ahmednagar, Maharashtra
It is hereby notified for information of the public that in exercise of 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, the Reserve Bank of India has issued certain Directions to Jamkhed Merchants Co-operative Bank Ltd., Jamkhed, Ahmednagar, Maharashtra, whereby, as from the close of business on April 12, 2016, the aforesaid
It is hereby notified for information of the public that in exercise of 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, the Reserve Bank of India has issued certain Directions to Jamkhed Merchants Co-operative Bank Ltd., Jamkhed, Ahmednagar, Maharashtra, whereby, as from the close of business on April 12, 2016, the aforesaid
ಏಪ್ರಿ 13, 2016
RBI to issue of ? 10 banknotes with inset letter ‘L’
The Reserve Bank of India will shortly issue ₹ 10 denomination banknotes in the Mahatma Gandhi Series-2005, with the inset letter ‘L’, bearing the signature of Dr. Raghuram G.Rajan, Governor, Reserve Bank of India, and the year of printing ‘2016‘ printed on the reverse of the banknote. The design of these banknotes to be issued now is similar in all respects to the ₹ 10 banknotes in Mahatma Gandhi Series- 2005 issued earlier, except that the numerals in both the numbe
The Reserve Bank of India will shortly issue ₹ 10 denomination banknotes in the Mahatma Gandhi Series-2005, with the inset letter ‘L’, bearing the signature of Dr. Raghuram G.Rajan, Governor, Reserve Bank of India, and the year of printing ‘2016‘ printed on the reverse of the banknote. The design of these banknotes to be issued now is similar in all respects to the ₹ 10 banknotes in Mahatma Gandhi Series- 2005 issued earlier, except that the numerals in both the numbe
ಏಪ್ರಿ 12, 2016
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS)- United India Co-operative Bank Ltd., Nagina, Bijnor, Uttar Pradesh – Extension of period and relaxation in payment of deposits
The Reserve Bank of India (RBI) has extended the validity of the Directions issued to United India Co-operative Bank Ltd., Nagina, Bijnor, for a further period of six months from April 15, 2016 to October 14, 2016 subject to review. Reserve Bank of India has also relaxed the directions imposed on United India Co-operative Bank Ltd., Nagina, Bijnor in partial modification of its earlier directive dated July 08, 2015. Now, the depositor will be allowed to withdraw up to
The Reserve Bank of India (RBI) has extended the validity of the Directions issued to United India Co-operative Bank Ltd., Nagina, Bijnor, for a further period of six months from April 15, 2016 to October 14, 2016 subject to review. Reserve Bank of India has also relaxed the directions imposed on United India Co-operative Bank Ltd., Nagina, Bijnor in partial modification of its earlier directive dated July 08, 2015. Now, the depositor will be allowed to withdraw up to
ಏಪ್ರಿ 12, 2016
RBI issues Directions to Gokul Co-operative Urban Bank Ltd., Secunderabad (Telangana)
The Reserve Bank of India is satisfied that in the interest of the public, it is necessary to issue certain directions to Gokul Co-operative Urban Bank Ltd., Secunderabad. 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 Gokul Co-operative Urban Bank
The Reserve Bank of India is satisfied that in the interest of the public, it is necessary to issue certain directions to Gokul Co-operative Urban Bank Ltd., Secunderabad. 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 Gokul Co-operative Urban Bank

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ಪೇಜ್ ಕೊನೆಯದಾಗಿ ಅಪ್ಡೇಟ್ ಆದ ದಿನಾಂಕ: ಸೆಪ್ಟೆಂಬರ್ 06, 2024