Press Releases - Regulating Co-operative Banking - ಆರ್ಬಿಐ - Reserve Bank of India
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ಮಾರ್ಚ್ 13, 2021
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS)- Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd. Nilanga, District Latur, Maharashtra - Extension of Period
Reserve Bank of India, in the public interest, had issued directions to Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd. Nilanga, District Latur, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on February 16, 2019. These directions were modified from time to time, the validity of which was last extended upto March 14, 2021. These
Reserve Bank of India, in the public interest, had issued directions to Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd. Nilanga, District Latur, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on February 16, 2019. These directions were modified from time to time, the validity of which was last extended upto March 14, 2021. These
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ಮಾರ್ಚ್ 12, 2021
RBI imposes monetary penalty on the United India Co-operative Bank Limited, Nagina
The Reserve Bank of India (RBI) has imposed, by an order dated March 10, 2021, a monetary penalty of ₹1.00 lakh on the United India Co-operative Bank Limited, Nagina (the bank) for contravention of section 27 read with section 56 of the Banking Regulation Act, 1949. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act, 1949, taking into a
The Reserve Bank of India (RBI) has imposed, by an order dated March 10, 2021, a monetary penalty of ₹1.00 lakh on the United India Co-operative Bank Limited, Nagina (the bank) for contravention of section 27 read with section 56 of the Banking Regulation Act, 1949. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act, 1949, taking into a
ಮಾರ್ಚ್ 09, 2021
Directions under Section 35 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Sikar Urban Co-operative Bank Ltd, Sikar, Rajasthan - Extension of validity
Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan was placed under All-Inclusive Directions from close of business on November 09, 2018 for a period of six months subject to review, vide Directive dated October 26, 2018. The validity of the directions was last extended vide Directive dated December 7, 2020 for three months up to March 09, 2021, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of
Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan was placed under All-Inclusive Directions from close of business on November 09, 2018 for a period of six months subject to review, vide Directive dated October 26, 2018. The validity of the directions was last extended vide Directive dated December 7, 2020 for three months up to March 09, 2021, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of
ಮಾರ್ಚ್ 08, 2021
Reserve Bank of India imposes monetary penalty on Walchandnagar Sahakari Bank Ltd., Pune
The Reserve Bank of India (RBI) has imposed, by an order dated March 08, 2021, a monetary penalty of Rupees Five Thousand only on Walchandnagar Sahakari Bank Ltd., Pune (the bank) for contravention of the provisions of the Credit Information Companies (Regulation) Act, 2005 (CIC Act) and RBI directions on membership of Credit Information Companies by Co-operative Banks. This penalty has been imposed in exercise of powers conferred upon RBI under the provisions of Sect
The Reserve Bank of India (RBI) has imposed, by an order dated March 08, 2021, a monetary penalty of Rupees Five Thousand only on Walchandnagar Sahakari Bank Ltd., Pune (the bank) for contravention of the provisions of the Credit Information Companies (Regulation) Act, 2005 (CIC Act) and RBI directions on membership of Credit Information Companies by Co-operative Banks. This penalty has been imposed in exercise of powers conferred upon RBI under the provisions of Sect
ಮಾರ್ಚ್ 04, 2021
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Shivaji Rao Bhosale Sahakari Bank Ltd., Pune, Maharashtra - Extension of Period
Reserve Bank of India vide directive DCBS.CO.BSD-I./D-14/12.22.254/2018-19 dated May 03, 2019 had placed the Shivaji Rao Bhosale Sahakari Bank Ltd., Pune, Maharashtra under Directions from the close of business on May 04, 2019. The validity of the directions was extended from time-to-time, the last being up to March 04, 2021. 2. It is hereby notified for the information of the public that, Reserve Bank of India, in exercise of powers vested in it under sub-section (1)
Reserve Bank of India vide directive DCBS.CO.BSD-I./D-14/12.22.254/2018-19 dated May 03, 2019 had placed the Shivaji Rao Bhosale Sahakari Bank Ltd., Pune, Maharashtra under Directions from the close of business on May 04, 2019. The validity of the directions was extended from time-to-time, the last being up to March 04, 2021. 2. It is hereby notified for the information of the public that, Reserve Bank of India, in exercise of powers vested in it under sub-section (1)
ಮಾರ್ಚ್ 02, 2021
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - The Madgaum Urban Co-operative Bank Ltd., Margao, Goa - Extension of Period
The Madgaum Urban Co-operative Bank Ltd., Margao, Goa was placed under Directions vide Directive dated April 26, 2019 from the close of business on May 02, 2019 for a period of six months. The validity of the above Directions was extended from time to time, the last being vide Directive dated December 01, 2020 up to March 02, 2021. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-s
The Madgaum Urban Co-operative Bank Ltd., Margao, Goa was placed under Directions vide Directive dated April 26, 2019 from the close of business on May 02, 2019 for a period of six months. The validity of the above Directions was extended from time to time, the last being vide Directive dated December 01, 2020 up to March 02, 2021. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-s
ಮಾರ್ಚ್ 01, 2021
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - Bidar Mahila Urban Co-operative Bank Ltd., Bidar, Karnataka - Extension of period
The Reserve Bank of India issued Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 to Bidar Mahila Urban Co-operative Bank Ltd., Bidar, Karnataka, vide Directive DCBS.CO.BSD-III.No.D-8/12.23.212/2018-19 dated February 21, 2019, as modified from time to time, last being vide Directive DOR.CO.AID.NO.D-16/12.23.212/2020-21, dated August 25, 2020 in terms of which, the Directions were extended up to February 28, 2021. 2. The Reserve Ba
The Reserve Bank of India issued Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 to Bidar Mahila Urban Co-operative Bank Ltd., Bidar, Karnataka, vide Directive DCBS.CO.BSD-III.No.D-8/12.23.212/2018-19 dated February 21, 2019, as modified from time to time, last being vide Directive DOR.CO.AID.NO.D-16/12.23.212/2020-21, dated August 25, 2020 in terms of which, the Directions were extended up to February 28, 2021. 2. The Reserve Ba
ಫೆಬ್ರವರಿ 26, 2021
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - Rupee Co-operative Bank Ltd., Pune, Maharashtra - Extension of Period
Reserve Bank of India vide directive UBD.CO.BSD-I./D-28/12.22.2018/2012-13 dated February 21, 2013 had placed the Rupee Co-operative Bank Ltd., Pune, Maharashtra under Directions from the close of business on February 22, 2013. The validity of the directions was extended from time-to-time, the last being up to February 28, 2021. 2. It is hereby notified for the information of the public that, Reserve Bank of India, in exercise of powers vested in it under sub-section
Reserve Bank of India vide directive UBD.CO.BSD-I./D-28/12.22.2018/2012-13 dated February 21, 2013 had placed the Rupee Co-operative Bank Ltd., Pune, Maharashtra under Directions from the close of business on February 22, 2013. The validity of the directions was extended from time-to-time, the last being up to February 28, 2021. 2. It is hereby notified for the information of the public that, Reserve Bank of India, in exercise of powers vested in it under sub-section
ಫೆಬ್ರವರಿ 26, 2021
Primary (Urban) Co-operative Banks’ Outlook 2019-20
The Reserve Bank of India today herewith releases the 7th volume of the annual publication titled ‘Primary (Urban) Co-operative Banks’ Outlook 2019-20’. It can be accessed at https://dbie.rbi.org.in/DBIE/dbie.rbi?site=publications#!13. The publication has been brought out by the ‘Department of Supervision’ of the Reserve Bank of India. The publication covers the financial accounts of Scheduled and Non-Scheduled Primary (Urban) Co-operative Banks for the financial year
The Reserve Bank of India today herewith releases the 7th volume of the annual publication titled ‘Primary (Urban) Co-operative Banks’ Outlook 2019-20’. It can be accessed at https://dbie.rbi.org.in/DBIE/dbie.rbi?site=publications#!13. The publication has been brought out by the ‘Department of Supervision’ of the Reserve Bank of India. The publication covers the financial accounts of Scheduled and Non-Scheduled Primary (Urban) Co-operative Banks for the financial year
ಫೆಬ್ರವರಿ 24, 2021
Directions under Section 35 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Garha Co-operative Bank Ltd., Guna
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive dated February 23, 2021 has issued certain Directions to Garha Co-operative Bank Ltd., Guna, whereby, as from the close of business on February 24, 2021, the Administrator of the aforesaid bank shall n
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive dated February 23, 2021 has issued certain Directions to Garha Co-operative Bank Ltd., Guna, whereby, as from the close of business on February 24, 2021, the Administrator of the aforesaid bank shall n
ಫೆಬ್ರವರಿ 22, 2021
RBI imposes monetary penalty on Jilla Sahakari Kendriya Bank Maryadit, Sidhi, Madhya Pradesh
The Reserve Bank of India (RBl) has, by an order dated February 22, 2021, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on Jilla Sahakari Kendriya Bank Maryadit, Sidhi (the bank) for non-compliance with the provisions of the Banking Regulation Act, 1949 (the Act) and the Depositor Education and Awareness Fund Scheme, 2014. The penalty has been imposed on the bank in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read wi
The Reserve Bank of India (RBl) has, by an order dated February 22, 2021, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on Jilla Sahakari Kendriya Bank Maryadit, Sidhi (the bank) for non-compliance with the provisions of the Banking Regulation Act, 1949 (the Act) and the Depositor Education and Awareness Fund Scheme, 2014. The penalty has been imposed on the bank in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read wi
ಫೆಬ್ರವರಿ 19, 2021
Directions under Section 35 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Deccan Urban Co-operative Bank Ltd., Vijayapur
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. DoS.CO.UCBs.South/Dir.1/1849/10.01.023./2020-21 dated February 18, 2021 has issued certain Directions to Deccan Urban Co-operative Bank Ltd., Vijayapur, Karnataka, whereby, as from the close o
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. DoS.CO.UCBs.South/Dir.1/1849/10.01.023./2020-21 dated February 18, 2021 has issued certain Directions to Deccan Urban Co-operative Bank Ltd., Vijayapur, Karnataka, whereby, as from the close o
ಫೆಬ್ರವರಿ 15, 2021
RBI announces constitution of an Expert Committee on Primary (Urban) Co-operative Banks
As part of the Statement on Developmental and Regulatory Policies released along with the Monetary Policy Statement on February 05, 2021, the Reserve Bank has announced setting up of an Expert Committee on UCBs to examine the issues and to provide a road map for strengthening the sector, leveraging on the recent amendments to Banking Regulation Act, 1949 (As Applicable to Cooperative Societies). Accordingly, the Reserve Bank of India has constituted an Expert Committe
As part of the Statement on Developmental and Regulatory Policies released along with the Monetary Policy Statement on February 05, 2021, the Reserve Bank has announced setting up of an Expert Committee on UCBs to examine the issues and to provide a road map for strengthening the sector, leveraging on the recent amendments to Banking Regulation Act, 1949 (As Applicable to Cooperative Societies). Accordingly, the Reserve Bank of India has constituted an Expert Committe
ಫೆಬ್ರವರಿ 10, 2021
Directions under Section 35 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Independence Co-operative Bank Limited, Nashik
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. DoS.CO.UCBs-West/D-2/12.07.005/2020-21 dated February 09, 2021, has issued certain Directions to Independence Co-operative Bank Limited, Nashik, whereby, as from the close of business on Febru
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. DoS.CO.UCBs-West/D-2/12.07.005/2020-21 dated February 09, 2021, has issued certain Directions to Independence Co-operative Bank Limited, Nashik, whereby, as from the close of business on Febru
ಫೆಬ್ರವರಿ 08, 2021
RBI extends Directions 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) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the Directive dated August 28, 2015 issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi, as modified from time to time, the validity of which was last extended up to February 08, 2021 shall continue to apply to the bank for a further period of three months from February 09, 2021 to
The Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the Directive dated August 28, 2015 issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi, as modified from time to time, the validity of which was last extended up to February 08, 2021 shall continue to apply to the bank for a further period of three months from February 09, 2021 to
ಫೆಬ್ರವರಿ 07, 2021
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Millath Co-operative Bank Ltd., Davangere, Karnataka - Extension of Period
The Reserve Bank of India issued All Inclusive Directions to Millath Co-operative Bank Ltd., Davangere, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD III.D-12/12.23.096/2018-19 dated April 26, 2019, as modified from time to time, which were last extended upto February 07, 2021 vide Directive DOR.CO.AID.No.D-34/12.23.096/2020-21 dated November 03, 2020. 2. The Reserve Bank of India is satisfied that in t
The Reserve Bank of India issued All Inclusive Directions to Millath Co-operative Bank Ltd., Davangere, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD III.D-12/12.23.096/2018-19 dated April 26, 2019, as modified from time to time, which were last extended upto February 07, 2021 vide Directive DOR.CO.AID.No.D-34/12.23.096/2020-21 dated November 03, 2020. 2. The Reserve Bank of India is satisfied that in t
ಫೆಬ್ರವರಿ 05, 2021
Reserve Bank of India imposes monetary penalty on The Gondia District Central Co-operative Bank Limited, Gondia
The Reserve Bank of India (RBl) has, by an order dated February 05, 2021, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on The Gondia District Central Co-operative Bank Limited, Gondia (the bank) for non-compliance with certain directions issued by RBI contained in the “Master Direction - Know Your Customer (KYC) Direction, 2016”. The penalty has been imposed on the bank in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c)
The Reserve Bank of India (RBl) has, by an order dated February 05, 2021, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on The Gondia District Central Co-operative Bank Limited, Gondia (the bank) for non-compliance with certain directions issued by RBI contained in the “Master Direction - Know Your Customer (KYC) Direction, 2016”. The penalty has been imposed on the bank in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c)
ಫೆಬ್ರವರಿ 04, 2021
Reserve Bank of India imposes monetary penalty on The Guntur Women Cooperative Urban Bank Ltd., Guntur, Andhra Pradesh
The Reserve Bank of India (RBI) has, by an order dated February 03, 2021, imposed a monetary penalty of ₹5.00 lakh (Rupees five lakh only) on The Guntur Women Cooperative Urban Bank Ltd., Guntur, Andhra Pradesh (the bank) for contravention of the directions issued by RBI on prohibition of loans and advances to Directors or their relatives, income recognition and asset classification and grant of loans against security of gold jewellery. The penalty has been imposed on
The Reserve Bank of India (RBI) has, by an order dated February 03, 2021, imposed a monetary penalty of ₹5.00 lakh (Rupees five lakh only) on The Guntur Women Cooperative Urban Bank Ltd., Guntur, Andhra Pradesh (the bank) for contravention of the directions issued by RBI on prohibition of loans and advances to Directors or their relatives, income recognition and asset classification and grant of loans against security of gold jewellery. The penalty has been imposed on
ಫೆಬ್ರವರಿ 03, 2021
Risk Based Internal Audit (RBIA) in NBFCs/UCBs
RBI had announced in the ‘Statement on Developmental and Regulatory Policies’ issued as part of the Monetary Policy Statement dated December 4, 2020 that with a view to strengthen the Internal Audit Function, which works as a third line of defence, suitable guidelines will be issued to large UCBs and NBFCs on adoption of Risk Based Internal Audit (RBIA). Accordingly, a circular on RBIA covering all deposit taking Non-Banking Financial Companies (NBFCs); all non-deposi
RBI had announced in the ‘Statement on Developmental and Regulatory Policies’ issued as part of the Monetary Policy Statement dated December 4, 2020 that with a view to strengthen the Internal Audit Function, which works as a third line of defence, suitable guidelines will be issued to large UCBs and NBFCs on adoption of Risk Based Internal Audit (RBIA). Accordingly, a circular on RBIA covering all deposit taking Non-Banking Financial Companies (NBFCs); all non-deposi
ಫೆಬ್ರವರಿ 03, 2021
Directions under Section 35 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Sarjeraodada Naik Shirala Sahakari Bank Ltd, Shirala, Dist. Sangli, Maharashtra
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. DoS.CO.UCBs-West/D-1/12.07.157/2020-21 dated February 03, 2021 has issued certain Directions to Sarjeraodada Naik Shirala Sahakari Bank Ltd, Shirala, Dist. Sangli, Maharashtra, whereby, as fro
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. DoS.CO.UCBs-West/D-1/12.07.157/2020-21 dated February 03, 2021 has issued certain Directions to Sarjeraodada Naik Shirala Sahakari Bank Ltd, Shirala, Dist. Sangli, Maharashtra, whereby, as fro
ಫೆಬ್ರವರಿ 03, 2021
Reserve Bank of India imposes monetary penalty on Seva Vikas Cooperative Bank Limited, Pune
The Reserve Bank of India (RBI) has, by an order dated February 02, 2021, imposed a monetary penalty of ₹55 lakh (Rupees Fifty Five lakh only) on Seva Vikas Cooperative Bank Limited, Pune (the bank) for non-compliance with certain directions issued by RBI contained in the “Master Circular - Management of Advances -UCBs” and “Master Circular - Income Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs.” The penalty has been imposed on the b
The Reserve Bank of India (RBI) has, by an order dated February 02, 2021, imposed a monetary penalty of ₹55 lakh (Rupees Fifty Five lakh only) on Seva Vikas Cooperative Bank Limited, Pune (the bank) for non-compliance with certain directions issued by RBI contained in the “Master Circular - Management of Advances -UCBs” and “Master Circular - Income Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs.” The penalty has been imposed on the b
ಫೆಬ್ರವರಿ 03, 2021
Reserve Bank of India imposes monetary penalty on The Kalpavruksha Co-operative Bank Limited, Chikkanayakanahalli, Tumakuru Dist. (Karnataka)
The Reserve Bank of India (RBI) has, by an order dated February 2, 2021, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on The Kalpavruksha Co-operative Bank Limited (the bank) for non-compliance with certain directions issued by RBI contained in the “Master Circular on Board of Directors-UCBs”. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) of the Banking Regu
The Reserve Bank of India (RBI) has, by an order dated February 2, 2021, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on The Kalpavruksha Co-operative Bank Limited (the bank) for non-compliance with certain directions issued by RBI contained in the “Master Circular on Board of Directors-UCBs”. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) of the Banking Regu
ಫೆಬ್ರವರಿ 02, 2021
Reserve Bank of India imposes monetary penalty on Konnagar Samabaya Bank Limited and The Santragachi Co-operative Bank Limited
The Reserve Bank of India (RBI) has, by orders dated January 29, 2021 imposed monetary penalties on the following co-operative banks for contravention of/non-compliance with the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”: Sl. No. Name of the Bank Penalty Amount (₹ In lakh) 1 Konnagar Samabaya Bank Limited, Hoogly, West Bengal 2.00 2 The Santragachi Co-operative Bank Limited, Howrah, West Bengal 2.00 The penalties have been impos
The Reserve Bank of India (RBI) has, by orders dated January 29, 2021 imposed monetary penalties on the following co-operative banks for contravention of/non-compliance with the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”: Sl. No. Name of the Bank Penalty Amount (₹ In lakh) 1 Konnagar Samabaya Bank Limited, Hoogly, West Bengal 2.00 2 The Santragachi Co-operative Bank Limited, Howrah, West Bengal 2.00 The penalties have been impos
ಜನವರಿ 30, 2021
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - The Kapol Co-operative Bank Ltd. Mumbai, Maharashtra - Extension of Period
Reserve Bank of India vide directive DCBS.CO.BSD-I./D-9/12.22.111/2016-17 dated March 30, 2017 had placed the The Kapol Cooperative Bank Ltd. Mumbai, Maharashtra under Directions from the close of business on March 30, 2017 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to January 31, 2021. 2. It is hereby notified for the information of the public that, Reserve Bank of India, in exercise of powers vested i
Reserve Bank of India vide directive DCBS.CO.BSD-I./D-9/12.22.111/2016-17 dated March 30, 2017 had placed the The Kapol Cooperative Bank Ltd. Mumbai, Maharashtra under Directions from the close of business on March 30, 2017 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to January 31, 2021. 2. It is hereby notified for the information of the public that, Reserve Bank of India, in exercise of powers vested i
ಜನವರಿ 29, 2021
Reserve Bank of India cancels the licence of Shivam Sahakari Bank Ltd, Ichalkaranji, Kolhapur, Maharashtra
Today, the Reserve Bank of India (RBI) has, vide order dated January 28, 2021 cancelled the licence of Shivam Sahakari Bank Ltd, Ichalkaranji, Kolhapur, Maharashtra. Consequently, the bank ceases to carry on banking business, with effect from the close of business on January 29, 2021. The Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the ba
Today, the Reserve Bank of India (RBI) has, vide order dated January 28, 2021 cancelled the licence of Shivam Sahakari Bank Ltd, Ichalkaranji, Kolhapur, Maharashtra. Consequently, the bank ceases to carry on banking business, with effect from the close of business on January 29, 2021. The Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the ba
ಜನವರಿ 19, 2021
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - United Co-operative Bank Limited, Bagnan Station Road (North), P.O. - Bagnan, Dist- Howrah, West Bengal - Extension of Period
Reserve Bank of India, in public interest, had issued Directions to United Co-operative Bank Limited, Bagnan, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on July 18, 2018, as modified from time to time which was last extended upto January 18, 2021. Reserve Bank of India has now, in public interest, further extended the Directions for a
Reserve Bank of India, in public interest, had issued Directions to United Co-operative Bank Limited, Bagnan, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on July 18, 2018, as modified from time to time which was last extended upto January 18, 2021. Reserve Bank of India has now, in public interest, further extended the Directions for a
ಜನವರಿ 15, 2021
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, (AACS) - Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud, Distt. Amravati, Maharashtra - Extension of Period
Reserve Bank of India, in the public interest, had issued directions to Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud, Distt. Amravati, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on January 17, 2019. These directions were modified from time to time, the validity of which was last extended upto January 17, 2021. These shall contin
Reserve Bank of India, in the public interest, had issued directions to Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud, Distt. Amravati, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on January 17, 2019. These directions were modified from time to time, the validity of which was last extended upto January 17, 2021. These shall contin
ಜನವರಿ 15, 2021
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - The City Co-operative Bank Ltd., Mumbai, Maharashtra - Extension of Period
Reserve Bank of India vide directive DCBS.CO.BSD-1/D-5/12.22.039/2017-18 dated April 17, 2018 had placed the The City Co-operative Bank Ltd., Mumbai, Maharashtra under Directions from the close of business on April 17, 2018 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to January 16, 2021. 2. It is hereby notified for the information of the public that, Reserve Bank of India, in exercise of powers vested i
Reserve Bank of India vide directive DCBS.CO.BSD-1/D-5/12.22.039/2017-18 dated April 17, 2018 had placed the The City Co-operative Bank Ltd., Mumbai, Maharashtra under Directions from the close of business on April 17, 2018 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to January 16, 2021. 2. It is hereby notified for the information of the public that, Reserve Bank of India, in exercise of powers vested i
ಜನವರಿ 13, 2021
Reserve Bank of India imposes monetary penalty on The Mandvi Mercantile Co-operative Bank Ltd., Mandvi, Dist. Kutch (Gujarat)
The Reserve Bank of India (RBI) has imposed, by an order dated January 13, 2021, a monetary penalty of ₹1 lakh on The Mandvi Mercantile Co-operative Bank Ltd., Mandvi, Dist. Kutch (Gujarat) (the bank) for contravention of RBI directions on ‘Loans and Advances to Directors, Relatives and Firms/Concerns in which they are Interested’ and ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of pow
The Reserve Bank of India (RBI) has imposed, by an order dated January 13, 2021, a monetary penalty of ₹1 lakh on The Mandvi Mercantile Co-operative Bank Ltd., Mandvi, Dist. Kutch (Gujarat) (the bank) for contravention of RBI directions on ‘Loans and Advances to Directors, Relatives and Firms/Concerns in which they are Interested’ and ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of pow
ಜನವರಿ 13, 2021
Reserve Bank of India imposes monetary penalty on Alavi Co-operative Bank Ltd., Vadodara (Gujarat)
The Reserve Bank of India (RBI) has imposed, by an order dated January 13, 2021, a monetary penalty of ₹0.50 lakh on Alavi Co-operative Bank Ltd., Vadodara (Gujarat) (the bank) for contravention of RBI directions on ‘Loans and Advances to Directors, Relatives and Firms/Concerns in which they are Interested’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the
The Reserve Bank of India (RBI) has imposed, by an order dated January 13, 2021, a monetary penalty of ₹0.50 lakh on Alavi Co-operative Bank Ltd., Vadodara (Gujarat) (the bank) for contravention of RBI directions on ‘Loans and Advances to Directors, Relatives and Firms/Concerns in which they are Interested’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the
ಜನವರಿ 11, 2021
Reserve Bank of India cancels the licence of Vasantdada Nagari Sahakari Bank Ltd., Osmanabad, Maharashtra
The Reserve Bank of India (RBI) has, vide order dated January 08, 2021 cancelled the licence of Vasantdada Nagari Sahakari Bank Ltd., Osmanabad, Maharashtra to carry on banking business, with effect from the close of business on January 11, 2021. The Commissioner for Cooperation and Registrar of Cooperative Societies (RCS), Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Reserve Bank cancelled th
The Reserve Bank of India (RBI) has, vide order dated January 08, 2021 cancelled the licence of Vasantdada Nagari Sahakari Bank Ltd., Osmanabad, Maharashtra to carry on banking business, with effect from the close of business on January 11, 2021. The Commissioner for Cooperation and Registrar of Cooperative Societies (RCS), Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Reserve Bank cancelled th
ಜನವರಿ 11, 2021
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - Kolikata Mahila Co-operative Bank Limited, Kolkata - Extension of Period of Directions
Reserve Bank of India, in public interest, had issued Directions to Kolikata Mahila Co-operative Bank Limited, 8D Krishna Laha Lane, Kolkata - 700012, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on July 09, 2019 as modified from time to time which was last extended upto January 09, 2021. Reserve Bank of India has now, in public intere
Reserve Bank of India, in public interest, had issued Directions to Kolikata Mahila Co-operative Bank Limited, 8D Krishna Laha Lane, Kolkata - 700012, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on July 09, 2019 as modified from time to time which was last extended upto January 09, 2021. Reserve Bank of India has now, in public intere
ಜನವರಿ 10, 2021
Directions u/s 35A read with section 56 of the Banking Regulation Act, 1949 - Sri Guru Raghavendra Sahakari Bank Niyamitha., Bengaluru - Extension of Period
The Reserve Bank of India issued Directions to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DOS.CO.UCB.BSD-III/D-2/12.23.283/2019-20 dated January 02, 2020, the validity of which was extended from time to time, last been vide Directive DOR.AID.No.D-02/12.23.283/2020-21 dated July 07, 2020 upto January 10, 2021. 2. The Reserve Bank of India is satisfied that
The Reserve Bank of India issued Directions to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DOS.CO.UCB.BSD-III/D-2/12.23.283/2019-20 dated January 02, 2020, the validity of which was extended from time to time, last been vide Directive DOR.AID.No.D-02/12.23.283/2020-21 dated July 07, 2020 upto January 10, 2021. 2. The Reserve Bank of India is satisfied that
ಜನವರಿ 05, 2021
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - Youth Development Cooperative Bank Ltd., Kolhapur, Maharashtra - Extension of Period
Reserve Bank of India vide directive DCBS.CO.BSD-I/D-6/12.22.311/2018-19 dated January 04, 2019 had placed the Youth Development Cooperative Bank Limited, Kolhapur, Maharashtra under Directions from the close of business on January 05, 2019 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to January 05, 2021. It is hereby notified for the information of the public that, Reserve Bank of India, in exercise of p
Reserve Bank of India vide directive DCBS.CO.BSD-I/D-6/12.22.311/2018-19 dated January 04, 2019 had placed the Youth Development Cooperative Bank Limited, Kolhapur, Maharashtra under Directions from the close of business on January 05, 2019 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to January 05, 2021. It is hereby notified for the information of the public that, Reserve Bank of India, in exercise of p
ಜನವರಿ 04, 2021
Reserve Bank of India imposes monetary penalty on Maharashtra Nagari Sahakari Bank Maryadit, Latur
The Reserve Bank of India (RBl) has imposed, by an order dated January 04, 2021 a monetary penalty of ₹2.00 lakh on Maharashtra Nagari Sahakari Bank Maryadit, Latur (the bank) for non-compliance with directions issued by RBI on Know Your Customer (KYC). The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and section 56 of the Banking Regulation Act, 1949, taking into account the fai
The Reserve Bank of India (RBl) has imposed, by an order dated January 04, 2021 a monetary penalty of ₹2.00 lakh on Maharashtra Nagari Sahakari Bank Maryadit, Latur (the bank) for non-compliance with directions issued by RBI on Know Your Customer (KYC). The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and section 56 of the Banking Regulation Act, 1949, taking into account the fai
ಜನವರಿ 04, 2021
Reserve Bank of India imposes monetary penalty on Vyavasayik Sahakari Bank Maryadit, Raipur
The Reserve Bank of India (RBl) has imposed, by an order dated January 04, 2021 a monetary penalty of ₹5.00 lakh on Vyavasayik Sahakari Bank Maryadit, Raipur (the bank) for non-compliance with directions issued by RBI on opening of On-site ATM and Know Your Customer (KYC). The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and section 56 of the Banking Regulation Act, 1949, taking
The Reserve Bank of India (RBl) has imposed, by an order dated January 04, 2021 a monetary penalty of ₹5.00 lakh on Vyavasayik Sahakari Bank Maryadit, Raipur (the bank) for non-compliance with directions issued by RBI on opening of On-site ATM and Know Your Customer (KYC). The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and section 56 of the Banking Regulation Act, 1949, taking
ಡಿಸೆಂ 31, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - Maratha Sahakari Bank Ltd., Mumbai, Maharashtra - Extension of Period
The Reserve Bank of India vide directive DCBS.CO.BSD-1/D-4/12.22.141/2016-17 dated August 31, 2016 had placed the Maratha Sahakari Bank Ltd., Mumbai, Maharashtra under directions from the close of business on August 31, 2016 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to December 31, 2020. 2. It is hereby notified for the information of the public that the Reserve Bank of India, in exercise of powers ves
The Reserve Bank of India vide directive DCBS.CO.BSD-1/D-4/12.22.141/2016-17 dated August 31, 2016 had placed the Maratha Sahakari Bank Ltd., Mumbai, Maharashtra under directions from the close of business on August 31, 2016 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to December 31, 2020. 2. It is hereby notified for the information of the public that the Reserve Bank of India, in exercise of powers ves
ಡಿಸೆಂ 31, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949, (AACS) - Vasantdada Nagari Sahakari Bank Ltd Dist. Osmanabad, Maharashtra-Extension of period
Reserve Bank of India, in the public interest, had issued directions to Vasantdada Nagari Sahakari Bank Ltd Dist. Osmanabad, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on November 13, 2017. These directions were modified from time to time, the validity of which was last extended upto December 31, 2020. These directions shall continue to
Reserve Bank of India, in the public interest, had issued directions to Vasantdada Nagari Sahakari Bank Ltd Dist. Osmanabad, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on November 13, 2017. These directions were modified from time to time, the validity of which was last extended upto December 31, 2020. These directions shall continue to
ಡಿಸೆಂ 24, 2020
RBI cancels the Licence of the Subhadra Local Area Bank Ltd., Kolhapur, Maharashtra
The Reserve Bank of India (RBI) has, vide order dated December 24, 2020 cancelled the banking licence issued to Subhadra Local Area Bank Ltd., Kolhapur, Maharashtra under Section 22 (4) of the Banking Regulation Act, 1949 to carry on banking business in India. The order is made effective from close of business on December 24, 2020. The Reserve Bank cancelled the licence of the Subhadra Local Area Bank Ltd as: the affairs of the Subhadra Local Area Bank Ltd. were condu
The Reserve Bank of India (RBI) has, vide order dated December 24, 2020 cancelled the banking licence issued to Subhadra Local Area Bank Ltd., Kolhapur, Maharashtra under Section 22 (4) of the Banking Regulation Act, 1949 to carry on banking business in India. The order is made effective from close of business on December 24, 2020. The Reserve Bank cancelled the licence of the Subhadra Local Area Bank Ltd as: the affairs of the Subhadra Local Area Bank Ltd. were condu
ಡಿಸೆಂ 24, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - Shri Anand Co-operative Bank Limited, Chinchwad, Pune, Maharashtra - Extension of Period
The Reserve Bank of India vide directive DCBS.CO.BSD-I/D-16/12.22.474/2018-19 dated June 21, 2019 had placed the Shri Anand Co-operative Bank Limited, Chinchwad, Pune, Maharashtra under Directions from the close of business on June 25, 2019 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to December 24, 2020. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise
The Reserve Bank of India vide directive DCBS.CO.BSD-I/D-16/12.22.474/2018-19 dated June 21, 2019 had placed the Shri Anand Co-operative Bank Limited, Chinchwad, Pune, Maharashtra under Directions from the close of business on June 25, 2019 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to December 24, 2020. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise
ಡಿಸೆಂ 18, 2020
Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - Punjab and Maharashtra Cooperative Bank Limited, Mumbai, Maharashtra - extension of validity period of Directions
Punjab and Maharashtra Cooperative Bank Limited, Mumbai, Maharashtra, a Multi-State Urban Cooperative Bank was placed under All-Inclusive Directions under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 with effect from close of business on September 23, 2019 vide Directive DCBS.CO.BSD-I/D-1/12.22.183/2019-20 dated September 23, 2019, in the interest of depositor protection. The directions were last extended vide Directive date
Punjab and Maharashtra Cooperative Bank Limited, Mumbai, Maharashtra, a Multi-State Urban Cooperative Bank was placed under All-Inclusive Directions under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 with effect from close of business on September 23, 2019 vide Directive DCBS.CO.BSD-I/D-1/12.22.183/2019-20 dated September 23, 2019, in the interest of depositor protection. The directions were last extended vide Directive date
ಡಿಸೆಂ 17, 2020
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - Padmashri Dr. Vitthalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra - Extension of Period
Reserve Bank of India, in the public interest, had issued directions to Padmashri Dr. Vitthalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on May 19, 2018. These directions were modified from time to time, the validity of which was last extended upto December 17, 2020. These directions shall c
Reserve Bank of India, in the public interest, had issued directions to Padmashri Dr. Vitthalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on May 19, 2018. These directions were modified from time to time, the validity of which was last extended upto December 17, 2020. These directions shall c
ಡಿಸೆಂ 15, 2020
Reserve Bank of India imposes monetary penalty on The Urban Co-operative Bank Ltd. No.1758, Perinthalmanna, Malappuram District, Kerala
The Reserve Bank of India (RBI) has imposed, by an order dated December 11, 2020, a monetary penalty of ₹50.00 lakh (Rupees fifty lakh only) on The Urban Co-operative Bank Ltd. No. 1758, Perinthalmanna, (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms and on Management of Advances-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) re
The Reserve Bank of India (RBI) has imposed, by an order dated December 11, 2020, a monetary penalty of ₹50.00 lakh (Rupees fifty lakh only) on The Urban Co-operative Bank Ltd. No. 1758, Perinthalmanna, (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms and on Management of Advances-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) re
ಡಿಸೆಂ 15, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - Karnala Nagri Sahakari Bank Ltd., Panvel, Raigad, Maharashtra- Extension of Period
The Reserve Bank of India vide directive DoS.CO.UCBs-West/D-1/12.07.157/2019-20 dated June 15, 2020 had placed the Karnala Nagri Sahakari Bank Ltd., Panvel, Raigad, Maharashtra under Directions from the close of business on June 15, 2020 for a period of six months. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regul
The Reserve Bank of India vide directive DoS.CO.UCBs-West/D-1/12.07.157/2019-20 dated June 15, 2020 had placed the Karnala Nagri Sahakari Bank Ltd., Panvel, Raigad, Maharashtra under Directions from the close of business on June 15, 2020 for a period of six months. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regul
ಡಿಸೆಂ 14, 2020
Directions under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd., Nilanga, Distt. Latur, Maharashtra - Extension of Period
Reserve Bank of India, in the public interest, had issued directions to Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd., Nilanga, Distt. Latur, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on February 16, 2019. These directions were modified from time to time, the validity of which was last extended upto December 14, 2020. The
Reserve Bank of India, in the public interest, had issued directions to Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd., Nilanga, Distt. Latur, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on February 16, 2019. These directions were modified from time to time, the validity of which was last extended upto December 14, 2020. The
ಡಿಸೆಂ 11, 2020
RBI extends validity of the Directions issued to the People’s Co-operative Bank Ltd., Kanpur (Uttar Pradesh)
The Reserve Bank of India (RBI) has extended the Directions issued to the People’s Co-operative Bank Ltd., Kanpur for a period of six months from December 11, 2020 to June 10, 2021, subject to review. The bank has been under directions since June 10, 2020 vide directive DoS.CO.UCBs-North/D-1/12.28.059/2019-20 dated June 09, 2020 issued under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). The validity of the directive, which was issued up to
The Reserve Bank of India (RBI) has extended the Directions issued to the People’s Co-operative Bank Ltd., Kanpur for a period of six months from December 11, 2020 to June 10, 2021, subject to review. The bank has been under directions since June 10, 2020 vide directive DoS.CO.UCBs-North/D-1/12.28.059/2019-20 dated June 09, 2020 issued under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). The validity of the directive, which was issued up to
ಡಿಸೆಂ 11, 2020
U.P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow (Uttar Pradesh)- Withdrawal of Directions issued by the Reserve Bank of India
The Reserve Bank of India (RBI) had issued directions under Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) to U.P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow, Uttar Pradesh vide directive dated September 19, 2018. Directions imposed were extended and modified from time to time, last such extension being up to December 25, 2020 vide Directive DOR.CO.AID.No.D-22/12.28.029/2020-21 dated September 18, 2020. Reserve
The Reserve Bank of India (RBI) had issued directions under Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) to U.P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow, Uttar Pradesh vide directive dated September 19, 2018. Directions imposed were extended and modified from time to time, last such extension being up to December 25, 2020 vide Directive DOR.CO.AID.No.D-22/12.28.029/2020-21 dated September 18, 2020. Reserve
ಡಿಸೆಂ 10, 2020
Directions under Section 35 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Sikar Urban Co-operative Bank Ltd, Sikar, Rajasthan- Extension of validity (Revised)
Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan was placed under All-Inclusive Directions from close of business on November 09, 2018 for a period of six months subject to review, vide Directive dated October 26, 2018. The validity of the directions was last extended vide Directive dated September 3, 2020 for three months up to December 9, 2020, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise
Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan was placed under All-Inclusive Directions from close of business on November 09, 2018 for a period of six months subject to review, vide Directive dated October 26, 2018. The validity of the directions was last extended vide Directive dated September 3, 2020 for three months up to December 9, 2020, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise
ಡಿಸೆಂ 08, 2020
Reserve Bank of India cancels the licence of The Karad Janata Sahakari Bank Ltd., Karad, Maharashtra
The Reserve Bank of India (RBI) has, vide order dated December 7, 2020 cancelled the licence of The Karad Janata Sahakari Bank Ltd., Karad, Maharashtra to carry on banking business, with effect from from the close of business on December 7, 2020. The bank was under All Inclusive Directions since November 07, 2017. The Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and a
The Reserve Bank of India (RBI) has, vide order dated December 7, 2020 cancelled the licence of The Karad Janata Sahakari Bank Ltd., Karad, Maharashtra to carry on banking business, with effect from from the close of business on December 7, 2020. The bank was under All Inclusive Directions since November 07, 2017. The Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and a
ಡಿಸೆಂ 07, 2020
Directions under Section 35 A read with Section 56 of the BR Act 1949 (AACS)- The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala- Extension of period
The Reserve Bank of India issued Directions to The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala under Section 35 A read with Section 56 of the BR Act 1949 (AACS), vide Directive DCBS.CO.PCC D-4/12.26.004/2018-19 dated November 02, 2018, from close of business on November 9, 2018 for a period of six months, which were extended from time to time, last being up to December 09, 2020 vide the Directive DOR.CO.AID/No.D-12/12.26.004/2020-21dated August 04, 2020. The Rese
The Reserve Bank of India issued Directions to The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala under Section 35 A read with Section 56 of the BR Act 1949 (AACS), vide Directive DCBS.CO.PCC D-4/12.26.004/2018-19 dated November 02, 2018, from close of business on November 9, 2018 for a period of six months, which were extended from time to time, last being up to December 09, 2020 vide the Directive DOR.CO.AID/No.D-12/12.26.004/2020-21dated August 04, 2020. The Rese
ಡಿಸೆಂ 04, 2020
Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - Shivaji Rao Bhosale Sahakari Bank Ltd., Pune, Maharashtra- Extension of period
Shivaji Rao Bhosale Sahakari Bank Ltd., Pune, Maharashtra, was placed under directions from close of business on May 04, 2019, vide Directive DCBS.CO.BSD-I/D-14/12.22.254/2018-19 dated May 03, 2019, for a period of six months. The validity of the directions was last extended up to December 04, 2020 vide our Directive DOR.CO.AID./No.D-24/12.22.254/2020-21 dated September 30, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of Indi
Shivaji Rao Bhosale Sahakari Bank Ltd., Pune, Maharashtra, was placed under directions from close of business on May 04, 2019, vide Directive DCBS.CO.BSD-I/D-14/12.22.254/2018-19 dated May 03, 2019, for a period of six months. The validity of the directions was last extended up to December 04, 2020 vide our Directive DOR.CO.AID./No.D-24/12.22.254/2020-21 dated September 30, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of Indi
ಡಿಸೆಂ 04, 2020
Reserve Bank of India imposes monetary penalty on: 1) The Berhampur Co-operative Urban Bank Ltd. 2) The Boral Union Co-operative Bank Ltd. and 3) The Khatra People’s Co-operative Bank Ltd.
The Reserve Bank of India (RBI) has imposed monetary penalties on the following co-operative banks for contravention of/non-compliance with the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”. Sl. Name of the Bank Penalty Amount (₹ In lakh) Order Date 1 The Berhampur Co-operative Urban Bank Ltd. (Odisha) 2.00 December 03, 2020 2 The Boral Union Co-operative Bank Ltd. (West Bengal) 2.00 December 03, 2020 3 Khatra People’s Co-operative
The Reserve Bank of India (RBI) has imposed monetary penalties on the following co-operative banks for contravention of/non-compliance with the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”. Sl. Name of the Bank Penalty Amount (₹ In lakh) Order Date 1 The Berhampur Co-operative Urban Bank Ltd. (Odisha) 2.00 December 03, 2020 2 The Boral Union Co-operative Bank Ltd. (West Bengal) 2.00 December 03, 2020 3 Khatra People’s Co-operative
ಡಿಸೆಂ 01, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - The Madgaum Urban Co-operative Bank Ltd., Margao, Goa - Extension of Period
The Madgaum Urban Co-operative Bank Ltd., Margao, Goa was placed under Directions vide Directive dated April 26, 2019 from the close of business on May 02, 2019 for a period of six months. The validity of the above Directions was extended from time to time, the last being vide Directive dated July 27, 2020 up to December 02, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-se
The Madgaum Urban Co-operative Bank Ltd., Margao, Goa was placed under Directions vide Directive dated April 26, 2019 from the close of business on May 02, 2019 for a period of six months. The validity of the above Directions was extended from time to time, the last being vide Directive dated July 27, 2020 up to December 02, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-se
ಡಿಸೆಂ 01, 2020
Reserve Bank of India imposes monetary penalty on The Karad Urban Co-operative Bank Ltd.
The Reserve Bank of India (RBI) has imposed, by an order dated December 1, 2020, a monetary penalty of ₹10 lakh (Rupees Ten lakh only) on The Karad Urban Co-operative Bank Ltd. (the bank) for contravention of certain directions issued by RBI under the Supervisory Action Framework. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Banking Regulation Act, 1949, taki
The Reserve Bank of India (RBI) has imposed, by an order dated December 1, 2020, a monetary penalty of ₹10 lakh (Rupees Ten lakh only) on The Karad Urban Co-operative Bank Ltd. (the bank) for contravention of certain directions issued by RBI under the Supervisory Action Framework. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Banking Regulation Act, 1949, taki
ನವೆಂ 26, 2020
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Rupee Co-operative Bank Ltd., Pune, Maharashtra - Extension of Period
The Reserve Bank of India vide directive UBD.CO.BSD I/D-28/12.22.218/2012-13 dated February 21, 2013 had placed the Rupee Co-operative Bank Ltd., Pune, Maharashtra under Directions from the close of business on February 22, 2013. The validity of the directions was extended from time-to-time, the last being up to November 30, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-se
The Reserve Bank of India vide directive UBD.CO.BSD I/D-28/12.22.218/2012-13 dated February 21, 2013 had placed the Rupee Co-operative Bank Ltd., Pune, Maharashtra under Directions from the close of business on February 22, 2013. The validity of the directions was extended from time-to-time, the last being up to November 30, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-se
ನವೆಂ 17, 2020
Directions under Section 35 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Mantha Urban Cooperative Bank Ltd., Mantha District: Jalna, Maharashtra
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) has issued certain Directions to Mantha Urban Cooperative Bank Ltd., Mantha District: Jalna, Maharashtra, whereby, as from the close of business on November 17, 2020, the aforesaid bank shall not, without prior appro
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) has issued certain Directions to Mantha Urban Cooperative Bank Ltd., Mantha District: Jalna, Maharashtra, whereby, as from the close of business on November 17, 2020, the aforesaid bank shall not, without prior appro
ನವೆಂ 17, 2020
Reserve Bank of India imposes monetary penalty on Shushruti Souharda Sahakara Bank Niyamita, Bengaluru, Karnataka
The Reserve Bank of India (RBI) has imposed, by an order dated November 16, 2020, a monetary penalty of ₹ 20.00 lakh (Rupees twenty lakh only) on Shushruti Souharda Sahakara Bank Niyamita (the bank) for non-compliance with certain provisions of the directions issued by RBI, contained in the circular on Income Recognition, Asset Classification provisioning and other related Matters-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provis
The Reserve Bank of India (RBI) has imposed, by an order dated November 16, 2020, a monetary penalty of ₹ 20.00 lakh (Rupees twenty lakh only) on Shushruti Souharda Sahakara Bank Niyamita (the bank) for non-compliance with certain provisions of the directions issued by RBI, contained in the circular on Income Recognition, Asset Classification provisioning and other related Matters-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provis
ನವೆಂ 17, 2020
Reserve Bank of India imposes monetary penalty on The Deccan Urban Co-Operative Bank Limited, Vijayapura, Karnataka
The Reserve Bank of India (RBI) has imposed, by an order dated November 16, 2020, a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on The Deccan Urban Co-operative Bank Limited, Vijayapura (the bank) for contravention of the directions issued by RBI on prohibition of loans and advances to Directors. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Ba
The Reserve Bank of India (RBI) has imposed, by an order dated November 16, 2020, a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on The Deccan Urban Co-operative Bank Limited, Vijayapura (the bank) for contravention of the directions issued by RBI on prohibition of loans and advances to Directors. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Ba
ನವೆಂ 06, 2020
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Millath Co-operative Bank Ltd., Devangere, Karnataka - Extension of Period
The Reserve Bank of India issued All Inclusive Directions to Millath Co-operative Bank Ltd., Devangere, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD III.D-12/12.23.096/2018-19 dated April 26, 2019, as modified from time to time, which was last extended upto November 7, 2020 vide Directive DOR.CO.AID.No.D-78/12.23.096/2019-20 dated April 27, 2020. 2. The Reserve Bank of India is satisfied that in the pu
The Reserve Bank of India issued All Inclusive Directions to Millath Co-operative Bank Ltd., Devangere, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD III.D-12/12.23.096/2018-19 dated April 26, 2019, as modified from time to time, which was last extended upto November 7, 2020 vide Directive DOR.CO.AID.No.D-78/12.23.096/2019-20 dated April 27, 2020. 2. The Reserve Bank of India is satisfied that in the pu
ನವೆಂ 04, 2020
Reserve Bank of India imposes monetary penalty on Millath Co-operative Bank, Davangere, Karnataka
The Reserve Bank of India (RBI) has imposed, by an order dated November 3, 2020, a monetary penalty of ₹10.00 lakh (Rupees ten lakh only) on Millath Co-operative Bank for non-adherence / violation of All Inclusive Directions and other directions imposed on the bank. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act, 1949, taking into a
The Reserve Bank of India (RBI) has imposed, by an order dated November 3, 2020, a monetary penalty of ₹10.00 lakh (Rupees ten lakh only) on Millath Co-operative Bank for non-adherence / violation of All Inclusive Directions and other directions imposed on the bank. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act, 1949, taking into a
ನವೆಂ 04, 2020
Reserve Bank of India imposes monetary penalty on The Thiruvaikuntam Co-Operative Urban Bank Limited, Thoothukudi District, Tamil Nadu
The Reserve Bank of India (RBI) has imposed, by an order dated November 3, 2020, a monetary penalty of ₹5.00 lakh (Rupees five lakh only) on The Thiruvaikuntam Co-operative Urban Bank Limited (the bank) for contravention of the directions issued by RBI on prohibition of loans and advances to Directors. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Bankin
The Reserve Bank of India (RBI) has imposed, by an order dated November 3, 2020, a monetary penalty of ₹5.00 lakh (Rupees five lakh only) on The Thiruvaikuntam Co-operative Urban Bank Limited (the bank) for contravention of the directions issued by RBI on prohibition of loans and advances to Directors. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Bankin
ಅಕ್ಟೋ 29, 2020
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - Shivam Sahakari Bank Ltd, Ichalkaranji, Kolhapur, Maharashtra - Extension of period
Shivam Sahakari Bank Ltd, Ichalkaranji, Kolhapur, Maharashtra was placed under directions vide directive DCBS.CO.BSD-I/D-6/12.22.351/2017-18 dated May 18, 2018 from the close of business on May 19, 2018 for a period of six months. The validity of the directions was last extended up to October 31, 2020 vide our Directive DOR.CO.AID/D- 5/12.22.351/2020-21 dated July 24, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in
Shivam Sahakari Bank Ltd, Ichalkaranji, Kolhapur, Maharashtra was placed under directions vide directive DCBS.CO.BSD-I/D-6/12.22.351/2017-18 dated May 18, 2018 from the close of business on May 19, 2018 for a period of six months. The validity of the directions was last extended up to October 31, 2020 vide our Directive DOR.CO.AID/D- 5/12.22.351/2020-21 dated July 24, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in
ಅಕ್ಟೋ 29, 2020
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - The Needs of Life Co-op. Bank Ltd Mumbai, Maharashtra - Extension of period
The Needs of Life Co-op. Bank Ltd, Mumbai was placed under directions vide directive DCBS.CO.BSD-I/D-3/12.22.163/2018-19 dated October 26, 2018 from the close of business on October 29, 2018 for a period of six months. The validity of the directions was last extended up to October 31, 2020 vide our DOR.CO.AID/No.D-76/12.22.160/2019-20 dated April 24, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers
The Needs of Life Co-op. Bank Ltd, Mumbai was placed under directions vide directive DCBS.CO.BSD-I/D-3/12.22.163/2018-19 dated October 26, 2018 from the close of business on October 29, 2018 for a period of six months. The validity of the directions was last extended up to October 31, 2020 vide our DOR.CO.AID/No.D-76/12.22.160/2019-20 dated April 24, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers
ಅಕ್ಟೋ 19, 2020
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - United Cooperative Bank Limited, Bagnan Station Road (North), P.O. - Bagnan, Dist- Howrah, Pin - 711 303, West Bengal - Extension of Period
Reserve Bank of India, in public interest, had issued Directions to United Co-operative Bank Limited, Bagnan, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on July 18, 2018, as modified from time to time which was last extended upto October 18, 2020. Reserve Bank of India has now, in public interest, further extended the Directions for a
Reserve Bank of India, in public interest, had issued Directions to United Co-operative Bank Limited, Bagnan, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on July 18, 2018, as modified from time to time which was last extended upto October 18, 2020. Reserve Bank of India has now, in public interest, further extended the Directions for a
ಅಕ್ಟೋ 15, 2020
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) -The City Co-operative Bank Ltd., Mumbai, Maharashtra- Extension of period
The City Co-operative Bank Ltd., Mumbai was placed under directions vide directive DCBS.CO.BSD-1/D-5/12.22.039/2017-18 dated April 17, 2018 from the close of business on April 17, 2018 for a period of six months. The validity of the directions was last extended up to October 16, 2020 vide our Directive DOR.CO.AID.No.D-3/12.22.039/2020-21 dated July 10, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powe
The City Co-operative Bank Ltd., Mumbai was placed under directions vide directive DCBS.CO.BSD-1/D-5/12.22.039/2017-18 dated April 17, 2018 from the close of business on April 17, 2018 for a period of six months. The validity of the directions was last extended up to October 16, 2020 vide our Directive DOR.CO.AID.No.D-3/12.22.039/2020-21 dated July 10, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powe
ಅಕ್ಟೋ 15, 2020
Directions under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd., Nilanga, Distt. Latur, Maharashtra - Extension of Period
Reserve Bank of India, in the public interest, had issued directions to Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd., Nilanga, Distt. Latur, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on February 16, 2019. These directions were modified from time to time, the validity of which was last extended upto October 14, 2020. These
Reserve Bank of India, in the public interest, had issued directions to Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd., Nilanga, Distt. Latur, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on February 16, 2019. These directions were modified from time to time, the validity of which was last extended upto October 14, 2020. These
ಅಕ್ಟೋ 15, 2020
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, (AACS) - Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud, Distt. Amravati, Maharashtra - Extension of Period
Reserve Bank of India, in the public interest, had issued directions to Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud, Distt. Amravati, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on January 17, 2019. These directions were modified from time to time, the validity of which was last extended upto October 17, 2020. These shall contin
Reserve Bank of India, in the public interest, had issued directions to Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud, Distt. Amravati, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on January 17, 2019. These directions were modified from time to time, the validity of which was last extended upto October 17, 2020. These shall contin
ಅಕ್ಟೋ 09, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - Kolikata Mahila Co-operative Bank Limited, 8D Krishna Laha Lane, Kolkata - 700012, West Bengal - Extension of Period of Directions
Reserve Bank of India, in public interest, had issued Directions to Kolikata Mahila Co-operative Bank Limited, Kolkata, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on July 09, 2019 as modified from time to time which was last extended upto October 09, 2020. Reserve Bank of India has now, in public interest, further extended the Directi
Reserve Bank of India, in public interest, had issued Directions to Kolikata Mahila Co-operative Bank Limited, Kolkata, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on July 09, 2019 as modified from time to time which was last extended upto October 09, 2020. Reserve Bank of India has now, in public interest, further extended the Directi
ಅಕ್ಟೋ 07, 2020
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - The Mudhol Co-operative Bank Limited, Dist- Bagalkot, Karnataka - Extension of period
The Reserve Bank of India issued All Inclusive Directions to The Mudhol Co-Operative Bank Limited, Dist- Bagalkot, Karnataka, under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD-III.D-11/12.23.094/2018-19 dated April 2, 2019, as modified from time to time, which were last extended up to October 7, 2020 vide Directive DOR.CO.AID.No.D-94/12.23.094/2019-20, dated June 29, 2020. 2. The Reserve Bank of India is satisfied th
The Reserve Bank of India issued All Inclusive Directions to The Mudhol Co-Operative Bank Limited, Dist- Bagalkot, Karnataka, under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD-III.D-11/12.23.094/2018-19 dated April 2, 2019, as modified from time to time, which were last extended up to October 7, 2020 vide Directive DOR.CO.AID.No.D-94/12.23.094/2019-20, dated June 29, 2020. 2. The Reserve Bank of India is satisfied th
ಅಕ್ಟೋ 03, 2020
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Shivaji Rao Bhosale Sahakari Bank Ltd., Pune, Maharashtra- Extension of period
Shivaji Rao Bhosale Sahakari Bank Ltd., Pune, Maharashtra, was placed under directions from close of business on May 04, 2019, vide Directive DCBS.CO.BSD-I/D-14/12.22.254/2018-19 dated May 03, 2019, for a period of six months. The validity of the directions was last extended up to October 04, 2020 vide our Directive DOR.CO.AID./No. D-10/12.22.254/2020-21 dated July 31, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in
Shivaji Rao Bhosale Sahakari Bank Ltd., Pune, Maharashtra, was placed under directions from close of business on May 04, 2019, vide Directive DCBS.CO.BSD-I/D-14/12.22.254/2018-19 dated May 03, 2019, for a period of six months. The validity of the directions was last extended up to October 04, 2020 vide our Directive DOR.CO.AID./No. D-10/12.22.254/2020-21 dated July 31, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in
ಸೆಪ್ಟೆಂ 30, 2020
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, (AACS) - Vasantdada Nagari Sahakari Bank Ltd Dist. Osmanabad, Maharashtra-Extension of period
Reserve Bank of India, in the public interest, had issued directions to Vasantdada Nagari Sahakari Bank Ltd., Osmanabad, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on November 13, 2017. These directions were modified from time to time, the validity of which was last extended upto September 30, 2020. These shall continue to apply to the ba
Reserve Bank of India, in the public interest, had issued directions to Vasantdada Nagari Sahakari Bank Ltd., Osmanabad, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on November 13, 2017. These directions were modified from time to time, the validity of which was last extended upto September 30, 2020. These shall continue to apply to the ba
ಸೆಪ್ಟೆಂ 26, 2020
Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - U. P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow
The Reserve Bank of India (RBI) has extended the Directions issued to the U. P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow for a further period of three months from September 26, 2020 to December 25, 2020, subject to review. The bank has been under directions since September 25, 2018 vide directive DCBS.CO.BSD-IV/D-1/12.28.029/2018-19 dated September 19, 2018 issued under Sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 (AACS). The va
The Reserve Bank of India (RBI) has extended the Directions issued to the U. P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow for a further period of three months from September 26, 2020 to December 25, 2020, subject to review. The bank has been under directions since September 25, 2018 vide directive DCBS.CO.BSD-IV/D-1/12.28.029/2018-19 dated September 19, 2018 issued under Sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 (AACS). The va
ಸೆಪ್ಟೆಂ 25, 2020
Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - Hindu Cooperative Bank Ltd., Pathankot, Punjab - Extension of Period
Reserve Bank of India, in the public interest, had issued Directions to Hindu Co-operative Bank Ltd., Pathankot, Punjab in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on March 25, 2019. These Directions were modified from time to time, the validity of which was last extended up to September 24, 2020. These Directives shall continue to apply to the bank
Reserve Bank of India, in the public interest, had issued Directions to Hindu Co-operative Bank Ltd., Pathankot, Punjab in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on March 25, 2019. These Directions were modified from time to time, the validity of which was last extended up to September 24, 2020. These Directives shall continue to apply to the bank
ಸೆಪ್ಟೆಂ 24, 2020
Reserve Bank of India imposes monetary penalty on Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal
The Reserve Bank of India (RBl) has imposed, by an order dated September 23, 2020 a monetary penalty of ₹0.50 lakh on Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (the bank) for non-compliance with directions issued by RBI on director related loans. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and section 56 of the Banking Regulation Act, 1949, taking into account the
The Reserve Bank of India (RBl) has imposed, by an order dated September 23, 2020 a monetary penalty of ₹0.50 lakh on Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (the bank) for non-compliance with directions issued by RBI on director related loans. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and section 56 of the Banking Regulation Act, 1949, taking into account the
ಸೆಪ್ಟೆಂ 24, 2020
Reserve Bank of India imposes monetary penalty on Nashik Zilla Girna Sahakari Bank Ltd., Nashik
The Reserve Bank of India (RBl) has imposed, by an order dated September 23, 2020 a monetary penalty of ₹2,000 on Nashik Jillha Girna Sahakari Bank Ltd., Nashik (the bank) for contravention of Section 15 of the Credit Information Companies (Regulation) Act, 2005 (CIC Act). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 25 (1) (iii) read with Section 23 (4) of the CIC Act, taking into account the failure of the bank to
The Reserve Bank of India (RBl) has imposed, by an order dated September 23, 2020 a monetary penalty of ₹2,000 on Nashik Jillha Girna Sahakari Bank Ltd., Nashik (the bank) for contravention of Section 15 of the Credit Information Companies (Regulation) Act, 2005 (CIC Act). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 25 (1) (iii) read with Section 23 (4) of the CIC Act, taking into account the failure of the bank to
ಸೆಪ್ಟೆಂ 24, 2020
RBI publishes “’Technology Vision for Cyber Security’ for Urban Co-operative Banks - 2020-2023”
The Reserve Bank of India has today placed on its website the “’Technology Vision for Cyber Security’ for Urban Co-operative Banks (UCBs) - 2020-2023”. The Technology Vision Document aims at enhancing the cyber security posture of the Urban Co-operative banking sector against evolving IT and cyber threat environment. The Technology Vision Document for Cyber Security for UCBs has been formalised based on inputs from various stakeholders. It envisages to achieve its obj
The Reserve Bank of India has today placed on its website the “’Technology Vision for Cyber Security’ for Urban Co-operative Banks (UCBs) - 2020-2023”. The Technology Vision Document aims at enhancing the cyber security posture of the Urban Co-operative banking sector against evolving IT and cyber threat environment. The Technology Vision Document for Cyber Security for UCBs has been formalised based on inputs from various stakeholders. It envisages to achieve its obj
ಸೆಪ್ಟೆಂ 24, 2020
Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - Shri Anand Co-operative Bank Ltd. Chinchwad, Pune, Maharashtra
Shri Anand Co-operative Bank Ltd. Chinchwad, Pune, Maharashtra, was placed under directions from close of business on June 25, 2019, vide Directive DCBS.CO.BSD-I/D-16/12.22.474/2018-19 dated June 21, 2019, for a period of six months. The validity of the directions was last extended up to September 24, 2020 vide our Directive DOR.CO.AID./No.D-65/12.22.474/2019-20 dated March 19, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of
Shri Anand Co-operative Bank Ltd. Chinchwad, Pune, Maharashtra, was placed under directions from close of business on June 25, 2019, vide Directive DCBS.CO.BSD-I/D-16/12.22.474/2018-19 dated June 21, 2019, for a period of six months. The validity of the directions was last extended up to September 24, 2020 vide our Directive DOR.CO.AID./No.D-65/12.22.474/2019-20 dated March 19, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of
ಸೆಪ್ಟೆಂ 22, 2020
Punjab and Maharashtra Cooperative Bank Limited, Mumbai, Maharashtra - Appointment of a new Administrator
Punjab and Maharashtra Cooperative (PMC) Bank Limited, Mumbai, Maharashtra, a Multi-State Urban Cooperative Bank, was placed under All-Inclusive Directions under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 with effect from close of business on September 23, 2019 vide Directive DCBS.CO.BSD-1/D-1/12.22.183/19-20 dated September 23, 2019. The aforesaid directive is presently valid till December 22, 2020. It was also considered
Punjab and Maharashtra Cooperative (PMC) Bank Limited, Mumbai, Maharashtra, a Multi-State Urban Cooperative Bank, was placed under All-Inclusive Directions under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 with effect from close of business on September 23, 2019 vide Directive DCBS.CO.BSD-1/D-1/12.22.183/19-20 dated September 23, 2019. The aforesaid directive is presently valid till December 22, 2020. It was also considered
ಸೆಪ್ಟೆಂ 17, 2020
Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - Padmashri Dr. Vitthalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra - Extension of Period
Reserve Bank of India, in the public interest, had issued directions to Padmashri Dr. Vitthalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on May 19, 2018.These directions were modified from time to time, the validity of which was last extended upto September 17, 2020.These shall continue to a
Reserve Bank of India, in the public interest, had issued directions to Padmashri Dr. Vitthalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on May 19, 2018.These directions were modified from time to time, the validity of which was last extended upto September 17, 2020.These shall continue to a
ಸೆಪ್ಟೆಂ 09, 2020
Directions under Section 35 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Sikar Urban Co-operative Bank Ltd, Sikar, Rajasthan - Extension of validity
Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan was placed under All-Inclusive Directions from close of business on November 09, 2018 for a period of six months subject to review, vide Directive dated October 26, 2018. The validity of the directions was last extended vide Directive dated May 4, 2020 for four months up to September 9, 2020, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of po
Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan was placed under All-Inclusive Directions from close of business on November 09, 2018 for a period of six months subject to review, vide Directive dated October 26, 2018. The validity of the directions was last extended vide Directive dated May 4, 2020 for four months up to September 9, 2020, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of po
ಸೆಪ್ಟೆಂ 08, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - The Karad Janata Sahakari Bank Ltd., Karad, Maharashtra - Extension of period
The Karad Janata Sahakari Bank Ltd., Karad was placed under directions vide directive DCBS.CO.BSD-1/D-4/12.22.126/2017-18 dated November 7, 2017 from the close of business on November 9, 2017 for a period of six months. The validity of the above directions was extended from time to time last being vide Directive DOR.CO.AID/No.D-84/12.22.126/2019-20 dated June 03, 2020 up to September 09, 2020. 2. It is hereby notified for the information of the public that, the Reserv
The Karad Janata Sahakari Bank Ltd., Karad was placed under directions vide directive DCBS.CO.BSD-1/D-4/12.22.126/2017-18 dated November 7, 2017 from the close of business on November 9, 2017 for a period of six months. The validity of the above directions was extended from time to time last being vide Directive DOR.CO.AID/No.D-84/12.22.126/2019-20 dated June 03, 2020 up to September 09, 2020. 2. It is hereby notified for the information of the public that, the Reserv
ಆಗ 31, 2020
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Bidar Mahila Urban Co-operative Bank Ltd., Bidar, Karnataka - Extension of period
The Reserve Bank of India issued All Inclusive Directions to Bidar Mahila Urban Co-operative Bank Ltd., Bidar, Karnataka, under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD-III.No.D-8/12. 23.212/2018-19 dated February 21, 2019 for a period of six months with effect from close of business of February 28, 2019, which were last extended up to August 31, 2020 vide Directive DOR.CO.AID.NO.D-56/12.23.212/2019-20, dated Febr
The Reserve Bank of India issued All Inclusive Directions to Bidar Mahila Urban Co-operative Bank Ltd., Bidar, Karnataka, under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD-III.No.D-8/12. 23.212/2018-19 dated February 21, 2019 for a period of six months with effect from close of business of February 28, 2019, which were last extended up to August 31, 2020 vide Directive DOR.CO.AID.NO.D-56/12.23.212/2019-20, dated Febr
ಆಗ 31, 2020
Directions issued to the Rupee Co-operative Bank Ltd., Pune, Maharashtra - Extension of Period
The Reserve Bank of India (vide directive UBD.CO.BSD I/D-28/12.22.218/2012-13 dated February 21, 2013) had placed the Rupee Co-operative Bank Ltd., Pune under Directions from the close of business on February 22, 2013. The validity of the directions was extended from time-to-time, the last being up to August 31, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under Sub-section (1) of
The Reserve Bank of India (vide directive UBD.CO.BSD I/D-28/12.22.218/2012-13 dated February 21, 2013) had placed the Rupee Co-operative Bank Ltd., Pune under Directions from the close of business on February 22, 2013. The validity of the directions was extended from time-to-time, the last being up to August 31, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under Sub-section (1) of
ಆಗ 28, 2020
Directions under Section 35 A read with section 56 of the Banking Regulation Act, 1949- Kerala Mercantile Co- operative Bank Ltd., Kozhikode, Kerala- Withdrawal of directions
The Reserve Bank of India issued Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 to Kerala Mercantile Co- operative Bank Ltd., Kozhikode, vide Directive DCBS.CO.PCC.D-15/12.26.058/2018-19 dated May 29, 2019. The said Directions were extended and modified from time to time, last modified vide Directive DOR.CO.AID.No.D-92/12.26.058/2019-20 dated June 19, 2020 in terms of which among other conditions, a sum not exceeding ₹50,000/- o
The Reserve Bank of India issued Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 to Kerala Mercantile Co- operative Bank Ltd., Kozhikode, vide Directive DCBS.CO.PCC.D-15/12.26.058/2018-19 dated May 29, 2019. The said Directions were extended and modified from time to time, last modified vide Directive DOR.CO.AID.No.D-92/12.26.058/2019-20 dated June 19, 2020 in terms of which among other conditions, a sum not exceeding ₹50,000/- o
ಆಗ 27, 2020
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - Shivaji Rao Bhosale Sahakari Bank Ltd., Pune, Maharashtra- Extension of period
Shivaji Rao Bhosale Sahakari Bank Ltd., Pune was placed under directions vide directive DCBS.CO.BSD-I/D-14/12.22.254/2018-19 dated May 03, 2019 from the close of business on May 04, 2019. The validity of the above directions were extended from time to time, the last being vide Directive DOR.CO.AID.No. D-77/12.22.254/2019-20 dated April 24, 2020 and is valid up to August 04, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of Indi
Shivaji Rao Bhosale Sahakari Bank Ltd., Pune was placed under directions vide directive DCBS.CO.BSD-I/D-14/12.22.254/2018-19 dated May 03, 2019 from the close of business on May 04, 2019. The validity of the above directions were extended from time to time, the last being vide Directive DOR.CO.AID.No. D-77/12.22.254/2019-20 dated April 24, 2020 and is valid up to August 04, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of Indi
ಆಗ 14, 2020
Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud, Distt. Amravati, Maharashtra - Extension of Period
Reserve Bank of India, in the public interest, had issued Directions to Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud, District- Amravati, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 (AACS) read with Section 56 of the Banking Regulation Act, 1949 from the close of business on January 17, 2019. The validity of the above Directions was extended from time to time up to August 17, 2020.
Reserve Bank of India, in the public interest, had issued Directions to Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud, District- Amravati, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 (AACS) read with Section 56 of the Banking Regulation Act, 1949 from the close of business on January 17, 2019. The validity of the above Directions was extended from time to time up to August 17, 2020.
ಆಗ 14, 2020
Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd., Nilanga, Distt. Latur, Maharashtra - Extension of Period
Reserve Bank of India, in the public interest, had issued directions to Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd., Nilanga, Distt. Latur, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 (AACS) read with Section 56 of the Banking Regulation Act, 1949 from the close of business on February 16, 2019. The validity of the above directions was extended from time to time, up to August
Reserve Bank of India, in the public interest, had issued directions to Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd., Nilanga, Distt. Latur, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 (AACS) read with Section 56 of the Banking Regulation Act, 1949 from the close of business on February 16, 2019. The validity of the above directions was extended from time to time, up to August
ಆಗ 13, 2020
Reserve Bank of India imposes monetary penalty on The Co-operative Urban Bank Ltd., Parlakhemundi
The Reserve Bank of India (RBI) has imposed, by an order dated August 10, 2020, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Co-operative Urban Bank Ltd., Parlakhemundi (the bank) for contravention of the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Ban
The Reserve Bank of India (RBI) has imposed, by an order dated August 10, 2020, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Co-operative Urban Bank Ltd., Parlakhemundi (the bank) for contravention of the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Ban
ಆಗ 13, 2020
Reserve Bank of India imposes monetary penalty on The Krishnanagar City Co-operative Bank Limited
The Reserve Bank of India (RBI) has imposed, by an order dated August 10, 2020, a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Krishnanagar City Co-operative Bank Limited (the bank) for contravention of the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Ban
The Reserve Bank of India (RBI) has imposed, by an order dated August 10, 2020, a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Krishnanagar City Co-operative Bank Limited (the bank) for contravention of the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Ban
ಆಗ 13, 2020
Reserve Bank of India imposes monetary penalty on Jowai Co-operative Urban Bank Limited
The Reserve Bank of India (RBI) has imposed, by an order dated August 10, 2020, a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on Jowai Co-operative Urban Bank Limited (the bank) for contravention of the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regu
The Reserve Bank of India (RBI) has imposed, by an order dated August 10, 2020, a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on Jowai Co-operative Urban Bank Limited (the bank) for contravention of the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regu
ಆಗ 13, 2020
Reserve Bank of India imposes monetary penalty on The Tura Urban Co-operative Bank Limited
The Reserve Bank of India (RBI) has imposed, by an order dated August 10, 2020, a Monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Tura Urban Cooperative Bank Limited (the bank) for contravention of the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Reg
The Reserve Bank of India (RBI) has imposed, by an order dated August 10, 2020, a Monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Tura Urban Cooperative Bank Limited (the bank) for contravention of the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Reg
ಆಗ 07, 2020
RBI extends Directions 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) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the Directive DCBS.CO.BSD-IV/D-11/12.28.118/2015-16 dated August 28, 2015 issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi, as modified from time to time, the validity of which was last extended up to August 08, 2020, shall continue to apply to the bank for a further period of
The Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the Directive DCBS.CO.BSD-IV/D-11/12.28.118/2015-16 dated August 28, 2015 issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi, as modified from time to time, the validity of which was last extended up to August 08, 2020, shall continue to apply to the bank for a further period of
ಆಗ 05, 2020
Directions under Section 35 A read with Section 56 of the BR Act (AACS), 1949 - The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala - Extension of period
The Reserve Bank of India issued Directions to The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala under Section 35 A read with Section 56 of the BR Act (AACS), 1949 vide Directive DCBS.CO.PCC D-4/12.26.004/2018-19 dated November 02, 2018, from close of business on November 9, 2018 for a period of six months, which were last extended up to August 09, 2020 vide the Directive DOR.CO.AID/D-79/12.26.004/2019-20 dated April 29, 2020. The Reserve Bank of India has reviewed
The Reserve Bank of India issued Directions to The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala under Section 35 A read with Section 56 of the BR Act (AACS), 1949 vide Directive DCBS.CO.PCC D-4/12.26.004/2018-19 dated November 02, 2018, from close of business on November 9, 2018 for a period of six months, which were last extended up to August 09, 2020 vide the Directive DOR.CO.AID/D-79/12.26.004/2019-20 dated April 29, 2020. The Reserve Bank of India has reviewed
ಆಗ 01, 2020
Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - Shivam Sahakari Bank Ltd, Ichalkaranji, Kolhapur, Maharashtra
Shivam Sahakari Bank Ltd, Ichalkaranji, Kolhapur, Maharashtra was placed under directions vide directive DCBS.CO.BSD-I/D-6/12.22.351/2017-18 dated May 18, 2018, from close of business on May 19, 2018. The validity of the directions was extended from time to time vide subsequent Directives, the last being vide Directive DOR.CO.AID/D-81/12.22.351/2019-20 dated May 21, 2020 and is valid up to July 31, 2020 subject to review. 2. It is hereby notified for the information o
Shivam Sahakari Bank Ltd, Ichalkaranji, Kolhapur, Maharashtra was placed under directions vide directive DCBS.CO.BSD-I/D-6/12.22.351/2017-18 dated May 18, 2018, from close of business on May 19, 2018. The validity of the directions was extended from time to time vide subsequent Directives, the last being vide Directive DOR.CO.AID/D-81/12.22.351/2019-20 dated May 21, 2020 and is valid up to July 31, 2020 subject to review. 2. It is hereby notified for the information o
ಜುಲೈ 30, 2020
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Vasantdada Nagari Sahakari Bank Ltd, Osmanabad, Maharashtra - Extension of Period
Reserve Bank of India, in the public interest, had issued directions to Vasantdada Nagari Sahakari Bank Ltd, Osmanabad, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS) from the close of business on November 13, 2017. Reserve Bank of India has now further extended the directions for a period of two months from August 01, 2020 to September 30, 2020, subject to review. The Directions stipulate
Reserve Bank of India, in the public interest, had issued directions to Vasantdada Nagari Sahakari Bank Ltd, Osmanabad, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS) from the close of business on November 13, 2017. Reserve Bank of India has now further extended the directions for a period of two months from August 01, 2020 to September 30, 2020, subject to review. The Directions stipulate
ಜುಲೈ 30, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - The Kapol Cooperative Bank Ltd., Mumbai, Maharashtra - Extension of period
The Kapol Co-operative Bank Ltd., Mumbai was placed under directions vide directive DCBS.CO.BSD-I./D-9/12.22.111/2016-17 dated March 30, 2017 from the close of business on March 30, 2017. The validity of the above directions were extended from time to time, the last being vide Directive DOR.CO.AID.No.D-53/12.22.111/2019-20 dated January 29, 2020 and is valid up to July 31, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of India
The Kapol Co-operative Bank Ltd., Mumbai was placed under directions vide directive DCBS.CO.BSD-I./D-9/12.22.111/2016-17 dated March 30, 2017 from the close of business on March 30, 2017. The validity of the above directions were extended from time to time, the last being vide Directive DOR.CO.AID.No.D-53/12.22.111/2019-20 dated January 29, 2020 and is valid up to July 31, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of India
ಜುಲೈ 30, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - Maratha Sahakari Bank Ltd., Mumbai, Maharashtra - Extension of period
Maratha Sahakari Bank Ltd., Mumbai was placed under directions vide directive DCBS.CO.BSD-1/D-4/12.22.141/2016-17 dated August 31, 2016 from the close of business on August 31, 2016 for a period of six months. The validity of the above directions were extended from time to time, the last being vide Directive DOR.CO.AID.No.D-62/12.22.140/2019-20 dated March 18, 2020 and is valid up to July 31, 2020. 2. It is hereby notified for the information of the public that, the R
Maratha Sahakari Bank Ltd., Mumbai was placed under directions vide directive DCBS.CO.BSD-1/D-4/12.22.141/2016-17 dated August 31, 2016 from the close of business on August 31, 2016 for a period of six months. The validity of the above directions were extended from time to time, the last being vide Directive DOR.CO.AID.No.D-62/12.22.140/2019-20 dated March 18, 2020 and is valid up to July 31, 2020. 2. It is hereby notified for the information of the public that, the R
ಜುಲೈ 29, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - The Madgaum Urban Co-operative Bank Ltd., Margao, Goa - Extension of Period
The Madgaum Urban Co-operative Bank Ltd., Margao, Goa was placed under directions vide directive dated April 26, 2019 from the close of business on May 02, 2019 for a period of six months. The validity of the above directions was extended from time to time, the last being vide Directive dated April 24, 2020 up to August 02, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under Section
The Madgaum Urban Co-operative Bank Ltd., Margao, Goa was placed under directions vide directive dated April 26, 2019 from the close of business on May 02, 2019 for a period of six months. The validity of the above directions was extended from time to time, the last being vide Directive dated April 24, 2020 up to August 02, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under Section
ಜುಲೈ 17, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - United Cooperative Bank Limited, Bagnan Station Road (North), P.O. - Bagnan, Dist- Howrah, West Bengal - Extension of Period
Reserve Bank of India, in public interest, had issued Directions to United Co-operative Bank Limited, Bagnan, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on July 18, 2018, as modified from time to time which was last extended upto July 18, 2020. Reserve Bank of India has now, in public interest, further extended the Directions for a p
Reserve Bank of India, in public interest, had issued Directions to United Co-operative Bank Limited, Bagnan, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on July 18, 2018, as modified from time to time which was last extended upto July 18, 2020. Reserve Bank of India has now, in public interest, further extended the Directions for a p
ಜುಲೈ 15, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - The City Co-operative Bank Ltd., Mumbai, Maharashtra - Extension of period
The City Co-operative Bank Ltd., Mumbai was placed under directions vide directive DCBS.CO.BSD-1/D-5/12.22.039/2017-18 dated April 17, 2018 from the close of business on April 17, 2018 for a period of six months. The validity of the above directions were extended from time to time, the last being vide Directive DOR.CO.AID.No.D-68/12.22.039/2019-20 dated April 07, 2020 up to July 16, 2020. 2. It is hereby notified for the information of the public that, the Reserve Ban
The City Co-operative Bank Ltd., Mumbai was placed under directions vide directive DCBS.CO.BSD-1/D-5/12.22.039/2017-18 dated April 17, 2018 from the close of business on April 17, 2018 for a period of six months. The validity of the above directions were extended from time to time, the last being vide Directive DOR.CO.AID.No.D-68/12.22.039/2019-20 dated April 07, 2020 up to July 16, 2020. 2. It is hereby notified for the information of the public that, the Reserve Ban
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ಪೇಜ್ ಕೊನೆಯದಾಗಿ ಅಪ್ಡೇಟ್ ಆದ ದಿನಾಂಕ: ಆಗಸ್ಟ್ 16, 2024
