Press Releases - Consumer Education and Protection - ಆರ್ಬಿಐ - Reserve Bank of India
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ಮಾರ್ಚ್ 30, 2017
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Shree Ganesh Sahakari Bank Ltd., Nashik, Maharashtra
Shree Ganesh Sahakari Bank Ltd., dated April 01, 2013 Nashik, Maharashtra, was placed under directions for a period of six months vide directive under Section 35A of the Banking Regulation, Act 1949 (AACS). The validity of the directions was extended seven times for a period of six months each time vide our directives dated September 23, 2013, March 27, 2014, September 17, 2014, March 19, 2015, September 15, 2015, March 11, 2016 and September 26, 2016 respectively. Fu
Shree Ganesh Sahakari Bank Ltd., dated April 01, 2013 Nashik, Maharashtra, was placed under directions for a period of six months vide directive under Section 35A of the Banking Regulation, Act 1949 (AACS). The validity of the directions was extended seven times for a period of six months each time vide our directives dated September 23, 2013, March 27, 2014, September 17, 2014, March 19, 2015, September 15, 2015, March 11, 2016 and September 26, 2016 respectively. Fu
ಮಾರ್ಚ್ 30, 2017
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Ajinkyatara Sahakari Bank Ltd., Satara, Maharashtra
The Ajinkyatara Sahakari Bank Ltd, Satara, Maharashtra, was placed under directions vide directive dated September 28, 2015, from close of business on September 30, 2015. The validity of the directions was extended from time to time vide subsequent directives last being dated September 28, 2016 which was valid upto March 30, 2017 subject to review. The public is hereby advised that the Directives so issued to Ajinkyatara Sahakari Bank Ltd., Satara, Maharashtra on Sept
The Ajinkyatara Sahakari Bank Ltd, Satara, Maharashtra, was placed under directions vide directive dated September 28, 2015, from close of business on September 30, 2015. The validity of the directions was extended from time to time vide subsequent directives last being dated September 28, 2016 which was valid upto March 30, 2017 subject to review. The public is hereby advised that the Directives so issued to Ajinkyatara Sahakari Bank Ltd., Satara, Maharashtra on Sept
ಮಾರ್ಚ್ 29, 2017
Finances of NGNF Public Limited Companies, 2015-16
The Reserve Bank of India today released on its website (https://dbie.rbi.org.in/DBIE/dbie.rbi?site=statistics#!2_44) data relating to finances of non-government non-financial (NGNF) public limited companies, 2015-16. The data have been compiled on the basis of audited annual accounts of select 19,602 NGNF public limited companies, accounting for 39.9 per cent of population’s paid-up capital. The data have been presented for the three year period of 2013-14 to 2015-16
The Reserve Bank of India today released on its website (https://dbie.rbi.org.in/DBIE/dbie.rbi?site=statistics#!2_44) data relating to finances of non-government non-financial (NGNF) public limited companies, 2015-16. The data have been compiled on the basis of audited annual accounts of select 19,602 NGNF public limited companies, accounting for 39.9 per cent of population’s paid-up capital. The data have been presented for the three year period of 2013-14 to 2015-16
ಮಾರ್ಚ್ 29, 2017
Pragathi Cooperative Bank Ltd., Bengaluru, Karnataka - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty Thousand only) on Pragathi Cooperative Bank Ltd.,Bengaluru, Karnataka, in exercise of the powers vested in it under the provisions of Section 47 A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violating Reserve Bank of India’s instructions/guidelines in respect of Housing, Real Estate and Commercial Real Estate secto
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty Thousand only) on Pragathi Cooperative Bank Ltd.,Bengaluru, Karnataka, in exercise of the powers vested in it under the provisions of Section 47 A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violating Reserve Bank of India’s instructions/guidelines in respect of Housing, Real Estate and Commercial Real Estate secto
ಮಾರ್ಚ್ 29, 2017
Opening of all Agency Banks for government business on April 1, 2017 - Revised instructions
To facilitate government receipt and payment functions, vide press release dated March 24, 2017, all Agency Banks were advised to keep all their bank branches dealing with government business open on all days in the current financial year (including Saturday, Sunday and all holidays) and on April 1, 2017. However, on reconsideration, it has been decided that these branches need not be opened on April 1, 2017. Anirudha D. Jadhav Assistant Manager Press Release : 2016-2
To facilitate government receipt and payment functions, vide press release dated March 24, 2017, all Agency Banks were advised to keep all their bank branches dealing with government business open on all days in the current financial year (including Saturday, Sunday and all holidays) and on April 1, 2017. However, on reconsideration, it has been decided that these branches need not be opened on April 1, 2017. Anirudha D. Jadhav Assistant Manager Press Release : 2016-2
ಮಾರ್ಚ್ 26, 2017
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - The R S Co-operative Bank Ltd., Mumbai, Maharashtra
The R S Co-operative Bank Ltd. Mumbai, Maharashtra, was placed under directions vide directive dated June 24, 2015, from close of business on June 26, 2015. The validity of the directions was extended and modified from time to time vide subsequent Directives, the last being dated January 31, 2017 and was valid upto March 25, 2017 subject to review. The public is hereby advised that the Directive so issued to R S Co-operative Bank Ltd., Mumbai, Maharashtra dated June 2
The R S Co-operative Bank Ltd. Mumbai, Maharashtra, was placed under directions vide directive dated June 24, 2015, from close of business on June 26, 2015. The validity of the directions was extended and modified from time to time vide subsequent Directives, the last being dated January 31, 2017 and was valid upto March 25, 2017 subject to review. The public is hereby advised that the Directive so issued to R S Co-operative Bank Ltd., Mumbai, Maharashtra dated June 2
ಮಾರ್ಚ್ 21, 2017
RBI imposes penalty on Harihareshwar Sahakari Bank Ltd., Wai, Dist: Satara
The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two Lakhs only) on Harihareshwar Sahakari Bank Ltd., Wai, Dist: Satara 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 the provisions contained in Section 20 of BR Act, 1949 (AACS) relating to granting loans against property owned by di
The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two Lakhs only) on Harihareshwar Sahakari Bank Ltd., Wai, Dist: Satara 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 the provisions contained in Section 20 of BR Act, 1949 (AACS) relating to granting loans against property owned by di
ಮಾರ್ಚ್ 20, 2017
Branches of SBBJ, SBH, SBM, SBP and SBT to operate as branches of SBI from April 1, 2017
All branches of State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Mysore (SBM), State Bank of Patiala (SBP) and State Bank of Travancore (SBT) will function as branches of State Bank of India from April 1, 2017. Customers, including depositors of State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore will be treated as customers of State Bank of India with
All branches of State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Mysore (SBM), State Bank of Patiala (SBP) and State Bank of Travancore (SBT) will function as branches of State Bank of India from April 1, 2017. Customers, including depositors of State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore will be treated as customers of State Bank of India with
ಮಾರ್ಚ್ 17, 2017
13 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 Office Address CoR No. Issued On Cancellation Order Date 1 M/s K & P Capital Services Ltd. 73/2/2 Sangati Bhakti Marg, Off Law College Ro
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 Office Address CoR No. Issued On Cancellation Order Date 1 M/s K & P Capital Services Ltd. 73/2/2 Sangati Bhakti Marg, Off Law College Ro
ಮಾರ್ಚ್ 16, 2017
RBI imposes penalty on Transport Cooperative Bank Ltd Indore
The Reserve Bank of India has imposed a monetary penalty of ₹ 5 lakh (rupees Five lakh) on Transport Cooperative Bank Ltd, Indore 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 the directives/guidelines of the Reserve Bank on loan exposure norms, KYC norms and compliance to RBI Inspection Report. The Reserve Bank of Indi
The Reserve Bank of India has imposed a monetary penalty of ₹ 5 lakh (rupees Five lakh) on Transport Cooperative Bank Ltd, Indore 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 the directives/guidelines of the Reserve Bank on loan exposure norms, KYC norms and compliance to RBI Inspection Report. The Reserve Bank of Indi
ಮಾರ್ಚ್ 16, 2017
RBI modified Directions issued to Navodaya Urban Co-operative Bank Ltd., Nagpur, Maharashtra
The Reserve Bank of India has modified Directions issued to Navodaya Urban Co-operative Bank Ltd., Nagpur. The Directions are valid up to June 15, 2017, subject to review. The bank was earlier placed under directions from December 15, 2016. 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 of the Directions is displayed on the bank's premises for perusal
The Reserve Bank of India has modified Directions issued to Navodaya Urban Co-operative Bank Ltd., Nagpur. The Directions are valid up to June 15, 2017, subject to review. The bank was earlier placed under directions from December 15, 2016. 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 of the Directions is displayed on the bank's premises for perusal
ಮಾರ್ಚ್ 10, 2017
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 Numero Uno Finance Ltd. Plot No. 155, Dev Ashish, Ground Floor, Thane (West), Thane - 400604 13.00651 April 07
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 Numero Uno Finance Ltd. Plot No. 155, Dev Ashish, Ground Floor, Thane (West), Thane - 400604 13.00651 April 07
ಮಾರ್ಚ್ 10, 2017
RBI extends validity of the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow, UP
The Reserve Bank of India (RBI) has extended the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of six months from March 12, 2017 to September 11, 2017, subject to review. The bank has been under directions since June 12, 2014 vide directive dated June 4, 2014 issued under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). The aforesaid directive was modified / its validity was extended vide RBI
The Reserve Bank of India (RBI) has extended the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of six months from March 12, 2017 to September 11, 2017, subject to review. The bank has been under directions since June 12, 2014 vide directive dated June 4, 2014 issued under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). The aforesaid directive was modified / its validity was extended vide RBI
ಮಾರ್ಚ್ 10, 2017
Financial Literacy Material
The Reserve Bank of India has published a booklet titled FAME (Financial Awareness Messages) to provide basic financial literacy messages for the information of the general public. It contains eleven institution/product neutral financial awareness messages, such as, documents to be submitted while opening a bank account (KYC), importance of budgeting, saving and responsible borrowing, maintaining a good credit score by repaying loans on time, banking at doorstep or at
The Reserve Bank of India has published a booklet titled FAME (Financial Awareness Messages) to provide basic financial literacy messages for the information of the general public. It contains eleven institution/product neutral financial awareness messages, such as, documents to be submitted while opening a bank account (KYC), importance of budgeting, saving and responsible borrowing, maintaining a good credit score by repaying loans on time, banking at doorstep or at
ಮಾರ್ಚ್ 10, 2017
Directions under section 35A of the Banking Regulation Act, 1949 (AACS) - The Bhilwara Mahila Urban Co-operative Bank Ltd., Bhilwara (Rajasthan)
The Reserve Bank of India notified for the 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 (AACS) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) has issued certain Directions to The Bhilwara Mahila Urban Co-operative Bank Ltd, Bhilwara whereby as from the close of business on March 09, 2017, the aforesaid bank shall not, without prior a
The Reserve Bank of India notified for the 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 (AACS) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) has issued certain Directions to The Bhilwara Mahila Urban Co-operative Bank Ltd, Bhilwara whereby as from the close of business on March 09, 2017, the aforesaid bank shall not, without prior a
ಮಾರ್ಚ್ 10, 2017
ESAF Small Finance Bank Limited commences operations
ESAF Small Finance Bank Limited has commenced operations as a small finance bank with effect from March 10, 2017. 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. ESAF Microfinance and Investments Private Limited, Chennai was one of the ten applicants which were issued in-principle approval for setting up a small finance bank, as announced in the press re
ESAF Small Finance Bank Limited has commenced operations as a small finance bank with effect from March 10, 2017. 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. ESAF Microfinance and Investments Private Limited, Chennai was one of the ten applicants which were issued in-principle approval for setting up a small finance bank, as announced in the press re
ಮಾರ್ಚ್ 10, 2017
Now RBI website at your fingertips
The Reserve Bank of India today formally launched a mobile application (app) version of the Reserve Bank of India’s website (www.rbi.org.in). The app is available on Android as well as iOS platforms and can be downloaded from the Play Store/App Store in one’s Android phone/iPhone, respectively, using the keyword “Reserve Bank of India”. To start with, the most accessed sections of the website : press releases, IFSC/ MICR codes, Bank Holidays and Current Rates includin
The Reserve Bank of India today formally launched a mobile application (app) version of the Reserve Bank of India’s website (www.rbi.org.in). The app is available on Android as well as iOS platforms and can be downloaded from the Play Store/App Store in one’s Android phone/iPhone, respectively, using the keyword “Reserve Bank of India”. To start with, the most accessed sections of the website : press releases, IFSC/ MICR codes, Bank Holidays and Current Rates includin
ಮಾರ್ಚ್ 09, 2017
RBI issues Directions on Alwar Urban Co-operative Bank Ltd; Alwar (Rajasthan)
It is hereby notified for the 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 (AACS) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) has issued certain Directions to Alwar Urban Co-operative Bank Ltd; Alwar whereby as from the close of business on March 07, 2017, the aforesaid bank shall not , without prior approval in writing from RBI,
It is hereby notified for the 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 (AACS) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) has issued certain Directions to Alwar Urban Co-operative Bank Ltd; Alwar whereby as from the close of business on March 07, 2017, the aforesaid bank shall not , without prior approval in writing from RBI,
ಮಾರ್ಚ್ 09, 2017
RBI extends Directions issued to Nashik Zilla Girna Sahakari Bank Ltd., Nashik, Maharashtra
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 was extended vide directive dated March 03, 2016 and August 25, 2016 for a period of six months. Besides, the bank, vide Directive dated December 26, 2016, was permitted to set off loans against fixed deposits as well as renew standard Ca
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 was extended vide directive dated March 03, 2016 and August 25, 2016 for a period of six months. Besides, the bank, vide Directive dated December 26, 2016, was permitted to set off loans against fixed deposits as well as renew standard Ca
ಮಾರ್ಚ್ 08, 2017
RBI extends Directions issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi
The Reserve Bank of India, in exercise of powers vested in it under sub-section (1) and (2) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), hereby directs that the Directives dated August 28, 2015 issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi which was last extended upto 08.03.2017 shall continue to apply to the bank for a further period of six months i.e up to 08.09.2017 subject to review. Ajit Prasad A
The Reserve Bank of India, in exercise of powers vested in it under sub-section (1) and (2) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), hereby directs that the Directives dated August 28, 2015 issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi which was last extended upto 08.03.2017 shall continue to apply to the bank for a further period of six months i.e up to 08.09.2017 subject to review. Ajit Prasad A
ಪೇಜ್ ಕೊನೆಯದಾಗಿ ಅಪ್ಡೇಟ್ ಆದ ದಿನಾಂಕ: ನವೆಂಬರ್ 19, 2024