Press Releases - Regulating Co-operative Banking - ಆರ್ಬಿಐ - Reserve Bank of India
ಪತ್ರಿಕಾ ಪ್ರಕಟಣೆಗಳು
ಡಿಸೆಂ 16, 2004
RBI cancels licence of The Partur Peoples' Co-operative Bank Ltd., Partur, Dist.Jalna, Maharashtra
The Reserve Bank of India has cancelled the licence of The Partur Peoples' Co-operative Bank Ltd., Partur, Dist.Jalna, Maharashtra to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise.The Reserve
The Reserve Bank of India has cancelled the licence of The Partur Peoples' Co-operative Bank Ltd., Partur, Dist.Jalna, Maharashtra to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise.The Reserve
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ಡಿಸೆಂ 09, 2004
Depositors of Prudential Cooperative Bank to get upto Rs.1 lakh
In view of the fact that the Prudential Cooperative Bank Ltd., Secunderabad, (Andhra Pradesh) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Andhra Pradesh had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India, on December 7th, delivered the order of cancelling of its licence to the bank. Immediately on cancellation of the licence and at the request of th
In view of the fact that the Prudential Cooperative Bank Ltd., Secunderabad, (Andhra Pradesh) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Andhra Pradesh had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India, on December 7th, delivered the order of cancelling of its licence to the bank. Immediately on cancellation of the licence and at the request of th
ಡಿಸೆಂ 09, 2004
RBI cancels licence of The Prudential Cooperative Bank Ltd., Secunderabad, (Andhra Pradesh)
The Reserve Bank of India has cancelled the licence of The Prudential Cooperative Bank Ltd., Secunderabad, (Andhra Pradesh) to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise.The Reserve Bank h
The Reserve Bank of India has cancelled the licence of The Prudential Cooperative Bank Ltd., Secunderabad, (Andhra Pradesh) to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise.The Reserve Bank h
ಅಕ್ಟೋ 01, 2004
RBI cancels licence of Sriganganagar Urban Cooperative Bank Ltd., Sriganganagar, Rajasthan
The Reserve Bank of India has on September 4, 2004 cancelled the licence of Sriganganagar Urban Cooperative Bank Ltd., Sriganganagar, Rajasthan to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwis
The Reserve Bank of India has on September 4, 2004 cancelled the licence of Sriganganagar Urban Cooperative Bank Ltd., Sriganganagar, Rajasthan to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwis
ಸೆಪ್ಟೆಂ 15, 2004
RBI cancels licence of Lord Balaji Cooperative Bank Ltd., Madhavnagar, Maharashtra
The Reserve Bank of India has on September 8, 2004 cancelled the licence of Lord Balaji Cooperative Bank Ltd., Madhavnagar, Dist. Sangli, Maharashtra to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or ot
The Reserve Bank of India has on September 8, 2004 cancelled the licence of Lord Balaji Cooperative Bank Ltd., Madhavnagar, Dist. Sangli, Maharashtra to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or ot
ಆಗ 12, 2004
RBI cancels licence of The Bellampalli Cooperative Urban Bank Ltd., Bellampalli, Andhra Pradesh
The Reserve Bank of India has cancelled the licence of The Bellampalli Cooperative Urban Bank Ltd., Bellampalli, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise. The Reserve B
The Reserve Bank of India has cancelled the licence of The Bellampalli Cooperative Urban Bank Ltd., Bellampalli, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise. The Reserve B
ಆಗ 09, 2004
RBI imposed directions under Banking Regulations Act on The South Indian Co-operative Bank Ltd.
It has been decided to issue directions under Section 35A of the Banking Regulations Act, 1949 (AACS) to The South Indian Co-operative Bank Ltd., Mumbai, in public interest. As per the directions, the bank as at the close of business on August 9, 2004, shall not, without prior approval in writing from the Reserve Bank of India, grant or renew any loans and advances, make any investment, incur liability including borrowal of funds and acceptance of fresh deposits, disb
It has been decided to issue directions under Section 35A of the Banking Regulations Act, 1949 (AACS) to The South Indian Co-operative Bank Ltd., Mumbai, in public interest. As per the directions, the bank as at the close of business on August 9, 2004, shall not, without prior approval in writing from the Reserve Bank of India, grant or renew any loans and advances, make any investment, incur liability including borrowal of funds and acceptance of fresh deposits, disb
ಜುಲೈ 25, 2004
RBI reassures depositors of Global Trust Bank Ltd.
RBI reiterates that the objective of the moratorium is to protect the interests and safety of funds of all depositors. Necessary actions are being initiated to ensure the return to normalcy. All the branches of Global Trust Bank Ltd, will continue to remain open as per their normal working hours to help their customers and enable them to make the permitted withdrawals. RBI stands by its assurance to meet any requirement of cash at the branches of the bank for making p
RBI reiterates that the objective of the moratorium is to protect the interests and safety of funds of all depositors. Necessary actions are being initiated to ensure the return to normalcy. All the branches of Global Trust Bank Ltd, will continue to remain open as per their normal working hours to help their customers and enable them to make the permitted withdrawals. RBI stands by its assurance to meet any requirement of cash at the branches of the bank for making p
ಜುಲೈ 24, 2004
Global Trust Bank Ltd. under Moratorium
24 July 2004On an application by the Reserve Bank of India, the Central Government has today issued an Order of Moratorium in respect of the Global Trust Bank Ltd. The Order of Moratorium has been passed by the Central Government in public interest, in the interest of depositors and the banking system. The moratorium will be effective from the close of business on Saturday, July 24, 2004 up to and inclusive of October 23, 2004 or an earlier date, if alternate arrangem
24 July 2004On an application by the Reserve Bank of India, the Central Government has today issued an Order of Moratorium in respect of the Global Trust Bank Ltd. The Order of Moratorium has been passed by the Central Government in public interest, in the interest of depositors and the banking system. The moratorium will be effective from the close of business on Saturday, July 24, 2004 up to and inclusive of October 23, 2004 or an earlier date, if alternate arrangem
ಜೂನ್ 21, 2004
RBI cancels licence of Sri Satyasai Cooperative Urban Bank Ltd., secunderabad, Andhra Pradesh
The Reserve Bank of India has cancelled the licence of Sri Satyasai Cooperative Urban Bank Ltd., Secunderabad, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise. The Reserve Ban
The Reserve Bank of India has cancelled the licence of Sri Satyasai Cooperative Urban Bank Ltd., Secunderabad, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise. The Reserve Ban
ಜೂನ್ 07, 2004
RBI cancels licence of The Sai Cooperative Urban Bank Ltd., Hyderabad, Andhra Pradesh
The Reserve Bank of India has cancelled the licence of The Sai Cooperative Urban Bank Ltd., Hyderabad, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise.The Reserve Bank has can
The Reserve Bank of India has cancelled the licence of The Sai Cooperative Urban Bank Ltd., Hyderabad, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise.The Reserve Bank has can
ಮಾರ್ಚ್ 05, 2004
RBI cancels licence of Sree Swamy Gnanananda Yogeeswara Mahila Cooperative Urban Bank Ltd., Puttur, Andhra Pradesh
The Reserve Bank of India has cancelled the licence of Sree Swamy Gnanananda Yogeeswara Mahila Cooperative Urban Bank Ltd., Puttur, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or other
The Reserve Bank of India has cancelled the licence of Sree Swamy Gnanananda Yogeeswara Mahila Cooperative Urban Bank Ltd., Puttur, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or other
ಫೆಬ್ರವರಿ 17, 2004
Period of Moratorium on the South Gujarat Local Area Bank Ltd. extended
On the recommendations of the Reserve Bank of India, the Government of India has extended the period of Moratorium under Section 45(2) of the Banking Regulation Act, 1949 for another three months that is upto and inclusive of May 12, 2004.It may be recalled that the performance and financial position of the South Gujarat Local Area Bank Ltd., Navsari, Gujarat, a local area bank established in October 2000, with its headquarters in Navsari, Gujarat, has been a matter o
On the recommendations of the Reserve Bank of India, the Government of India has extended the period of Moratorium under Section 45(2) of the Banking Regulation Act, 1949 for another three months that is upto and inclusive of May 12, 2004.It may be recalled that the performance and financial position of the South Gujarat Local Area Bank Ltd., Navsari, Gujarat, a local area bank established in October 2000, with its headquarters in Navsari, Gujarat, has been a matter o
ಫೆಬ್ರವರಿ 05, 2004
RBI cancels licence of The Vijaya Cooperative Urban Bank Ltd., Hyderabad, Andhra Pradesh
The Reserve Bank of India has cancelled the licence of The Vijaya Cooperative Urban Bank Ltd., (For Women), Hyderabad, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise.The Rese
The Reserve Bank of India has cancelled the licence of The Vijaya Cooperative Urban Bank Ltd., (For Women), Hyderabad, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise.The Rese
ಜನವರಿ 22, 2004
RBI cancels licence of The Kalyan Cooperative Urban Bank Ltd., Hyderabad, Andhra Pradesh
The Reserve Bank of India has cancelled the licence of The Kalyan Cooperative Urban Bank Ltd., Hyderabad, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise.The Reserve Bank has
The Reserve Bank of India has cancelled the licence of The Kalyan Cooperative Urban Bank Ltd., Hyderabad, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise.The Reserve Bank has
ಜನವರಿ 20, 2004
RBI Cancels license of The Mahalaxmi Cooperative Urban Bank Ltd., Hyderabad, Andhra Pradesh
The Reserve Bank of India has cancelled the license of The Mahalaxmi Cooperative Urban Bank Ltd., Hyderabad, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of ‘banking’ as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise.The Reserve Bank h
The Reserve Bank of India has cancelled the license of The Mahalaxmi Cooperative Urban Bank Ltd., Hyderabad, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of ‘banking’ as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise.The Reserve Bank h
ಡಿಸೆಂ 10, 2003
RBI cancels licence of Trinity Cooperative Urban Bank Ltd., Hyderabad, Andhra Pradesh
The Reserve Bank of India has on December 5, 2003 cancelled the licence of Trinity Cooperative Urban Bank Ltd., Hyderabad, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise.The
The Reserve Bank of India has on December 5, 2003 cancelled the licence of Trinity Cooperative Urban Bank Ltd., Hyderabad, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise.The
ನವೆಂ 13, 2003
Order of Moratorium on the South Gujarat Local Area Bank Ltd, Navsari, Gujarat
The performance and financial position of the South Gujarat Local Area Bank Ltd, Navsari, Gujarat, a local area bank established in October 2000, with its headquarters in Navsari, Gujarat, has been a matter of regulatory and supervisory concern for RBI. On the recommendations of the Reserve Bank of India, the Government of India has passed an Order of Moratorium under Section 45(2) of the Banking Regulation Act, 1949, which will remain in force from the close of busin
The performance and financial position of the South Gujarat Local Area Bank Ltd, Navsari, Gujarat, a local area bank established in October 2000, with its headquarters in Navsari, Gujarat, has been a matter of regulatory and supervisory concern for RBI. On the recommendations of the Reserve Bank of India, the Government of India has passed an Order of Moratorium under Section 45(2) of the Banking Regulation Act, 1949, which will remain in force from the close of busin
ನವೆಂ 07, 2003
RBI rejects licence application of Jila Sahakari Kendriya Bank Maryadit, Raigarh
The Reserve Bank of India under Section 22 of the Banking Regulation Act, 1949 has rejected the licence application of the Jila Sahakari Kendriya Bank Maryadit, Raigarh (Chhattisgarh State) to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies). As such, it will not be in order for the above bank, among other things, to accept deposits from
The Reserve Bank of India under Section 22 of the Banking Regulation Act, 1949 has rejected the licence application of the Jila Sahakari Kendriya Bank Maryadit, Raigarh (Chhattisgarh State) to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies). As such, it will not be in order for the above bank, among other things, to accept deposits from
ಅಕ್ಟೋ 13, 2003
RBI cancels licence of Neelagiri Cooperative Urban Bank Ltd., Nalgonda, Andhra Pradesh
The Reserve Bank of India has cancelled the licence of The Neelagiri Cooperative Urban Bank Ltd., Nalgonda, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise. The Reserve Bank h
The Reserve Bank of India has cancelled the licence of The Neelagiri Cooperative Urban Bank Ltd., Nalgonda, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise. The Reserve Bank h
ಸೆಪ್ಟೆಂ 17, 2003
RBI requires RCS to wind up The Nayaka Mercantile Co-operative Bank Ltd., Nayaka, Dist : Kheda
The Reserve Bank of India has issued requisition to the Registrar of Co-operative Societies, Gujarat to wind up The Nayaka Mercantile Co-operative Bank Ltd., Nayaka, Dist. Kheda. Acccordingly, the Registrar of Co-operative Societies, Gujarat State has appointed the Liquidator for the bank. As such, it will not be in order for the above bank, among other things, to accept deposits from public and allow withdrawal by cheque, draft, order or otherwise. The Reserve Bank's
The Reserve Bank of India has issued requisition to the Registrar of Co-operative Societies, Gujarat to wind up The Nayaka Mercantile Co-operative Bank Ltd., Nayaka, Dist. Kheda. Acccordingly, the Registrar of Co-operative Societies, Gujarat State has appointed the Liquidator for the bank. As such, it will not be in order for the above bank, among other things, to accept deposits from public and allow withdrawal by cheque, draft, order or otherwise. The Reserve Bank's
ಸೆಪ್ಟೆಂ 13, 2003
RBI cancels licence of Vasundara Cooperative Urban Bank Ltd.,
Hyderabad, Andhra Pradesh
Hyderabad, Andhra Pradesh
The Reserve Bank of India has on September 8, 2003 cancelled the licence of Vasundara Cooperative Urban Bank Ltd., Hyderabad, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise.
The Reserve Bank of India has on September 8, 2003 cancelled the licence of Vasundara Cooperative Urban Bank Ltd., Hyderabad, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise.
ಆಗ 19, 2003
RBI permits RCS to wind up Visnagar Nagarik Sahakari Bank Ltd., Visnagar
Considering the irretrievable and weak financial condition and all other relevant factors, the Reserve Bank of India has granted permission to the Registrar of Co-operative Societies (RCS), Gujarat to wind up the Visnagar Nagarik Sahakari Bank Ltd., Visnagar. As such, it would not be permissible for the bank, among other things, to accept deposit from public. The Reserve Bank's permission is in exercise of the power conferred on it under Section 13D of Deposit Insuran
Considering the irretrievable and weak financial condition and all other relevant factors, the Reserve Bank of India has granted permission to the Registrar of Co-operative Societies (RCS), Gujarat to wind up the Visnagar Nagarik Sahakari Bank Ltd., Visnagar. As such, it would not be permissible for the bank, among other things, to accept deposit from public. The Reserve Bank's permission is in exercise of the power conferred on it under Section 13D of Deposit Insuran
ಆಗ 19, 2003
RBI permits RCS to wind up Charotar Nagarik Sahakari Bank Ltd., Anand
Considering the irretrievable and weak financial condition and all other relevant factors, the Reserve Bank of India has granted permission to the Registrar of Co-operative Societies (RCS), Gujarat to wind up the Charotar Nagarik Sahakari Bank Ltd., Anand. As such, it would not be permissible for the bank, among other things, to accept deposit from public. The Reserve Bank's permission is in exercise of the power conferred on it under Section 13D of Deposit Insurance
Considering the irretrievable and weak financial condition and all other relevant factors, the Reserve Bank of India has granted permission to the Registrar of Co-operative Societies (RCS), Gujarat to wind up the Charotar Nagarik Sahakari Bank Ltd., Anand. As such, it would not be permissible for the bank, among other things, to accept deposit from public. The Reserve Bank's permission is in exercise of the power conferred on it under Section 13D of Deposit Insurance
ಜುಲೈ 26, 2003
RBI cancels licence of The Manikanta Cooperative Urban Bank Ltd., Hyderabad, Andhra Pradesh
The Reserve Bank of India has cancelled the licence of The Manikanta Cooperative Urban Bank Ltd., Hyderabad, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise. The Reserve Bank
The Reserve Bank of India has cancelled the licence of The Manikanta Cooperative Urban Bank Ltd., Hyderabad, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise. The Reserve Bank
ಜುಲೈ 18, 2003
RBI rejects licence application of The Darbhanga Central Co-operative Bank Ltd., Bihar
The Reserve Bank of India under Section 22 of the Banking Regulation Act, 1949 has rejected the licence application of the Darbhanga Central Co-operative Bank Ltd., Bihar to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies). As such, it will not be in order for the above bank, among other things, to accept deposits from public and allow wi
The Reserve Bank of India under Section 22 of the Banking Regulation Act, 1949 has rejected the licence application of the Darbhanga Central Co-operative Bank Ltd., Bihar to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies). As such, it will not be in order for the above bank, among other things, to accept deposits from public and allow wi
ಜುಲೈ 09, 2003
RBI requires Gujarat ROC to wind up four Urban Banks
The Reserve Bank of India has issued requisitions to the Registrar of Cooperative Societies, (ROCs), Gujarat to wind up the following banks : The General Cooperative Bank Ltd., AhmedabadThe Janata Commercial Cooperative Bank Ltd., DholkaSantram Cooperative Bank Ltd., NadiadThe Bhavnagar Welfare Cooperative Bank Ltd., Bhavnagar The requisitions have been made in terms of Section 115A(2) of the Gujarat Cooperative Societies Act, 1961, read with Section 13D of the Deposi
The Reserve Bank of India has issued requisitions to the Registrar of Cooperative Societies, (ROCs), Gujarat to wind up the following banks : The General Cooperative Bank Ltd., AhmedabadThe Janata Commercial Cooperative Bank Ltd., DholkaSantram Cooperative Bank Ltd., NadiadThe Bhavnagar Welfare Cooperative Bank Ltd., Bhavnagar The requisitions have been made in terms of Section 115A(2) of the Gujarat Cooperative Societies Act, 1961, read with Section 13D of the Deposi
ಜುಲೈ 08, 2003
RBI rejects licence application of The Solapur Merchants' Co-operative Bank Ltd., Solapur
The Reserve Bank of India under Section 22 of the Banking Regulation Act, 1949 has rejected the licence application of the Solapur Merchants Co-operative Bank Ltd., Solapur, Dist. Solapur, Maharashtra to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies). As such, it will not be in order for the above bank, among other things, to accept dep
The Reserve Bank of India under Section 22 of the Banking Regulation Act, 1949 has rejected the licence application of the Solapur Merchants Co-operative Bank Ltd., Solapur, Dist. Solapur, Maharashtra to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies). As such, it will not be in order for the above bank, among other things, to accept dep
ಜೂನ್ 13, 2003
RBI rejects licence application of the Narasaraopet Co-operative Urban Bank Ltd., Narasaraopet
The Reserve Bank of India under Section 22 of the Banking Regulation Act, 1949 has rejected the licence application of the Narasaraopet Co-operative Urban Bank Ltd., Narasaraopet, Guntur District (Andhra Pradesh) to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies). As such, it will not be in order for the above bank, among other things, t
The Reserve Bank of India under Section 22 of the Banking Regulation Act, 1949 has rejected the licence application of the Narasaraopet Co-operative Urban Bank Ltd., Narasaraopet, Guntur District (Andhra Pradesh) to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies). As such, it will not be in order for the above bank, among other things, t
ಜೂನ್ 10, 2003
RBI rejects licence application of The Sibsagar District Central Co-operative Bank Ltd., Assam
The Reserve Bank of India under Section 22 of the Banking Regulation Act, 1949 has rejected the licence application of the Sibsagar District Central Co-operative Bank Ltd., Assam to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies). As such, it will not be in order for the above bank, among other things, to accept deposits from public and
The Reserve Bank of India under Section 22 of the Banking Regulation Act, 1949 has rejected the licence application of the Sibsagar District Central Co-operative Bank Ltd., Assam to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies). As such, it will not be in order for the above bank, among other things, to accept deposits from public and
ಜೂನ್ 04, 2003
RBI cancels licence of the Sri Mouneshwar Cooperative Bank Ltd., Gulbarga, Karnataka
The Reserve Bank of India has cancelled the licence of Sri Mouneshwar Cooperative Bank Ltd., Gulbarga, Karnataka to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise. The Reserve Bank has cancell
The Reserve Bank of India has cancelled the licence of Sri Mouneshwar Cooperative Bank Ltd., Gulbarga, Karnataka to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise. The Reserve Bank has cancell
ಮೇ 30, 2003
NABARD to service its SLR Bonds issued upto October 1994 from July 1
The National Bank for Agriculture and Rural Development (NABARD) will, from July 1, 2003, take over the servicing of its Bonds issued upto October 1994. The service would include payment of interest and redemption proceeds, as also other services, such as, splitting/consolidation of bonds, etc. Accordingly, the servicing of these bonds by the Reserve Bank of India's public debt offices (PDOs) would be discontinued with effect from close of business on June 30, 2003. C
The National Bank for Agriculture and Rural Development (NABARD) will, from July 1, 2003, take over the servicing of its Bonds issued upto October 1994. The service would include payment of interest and redemption proceeds, as also other services, such as, splitting/consolidation of bonds, etc. Accordingly, the servicing of these bonds by the Reserve Bank of India's public debt offices (PDOs) would be discontinued with effect from close of business on June 30, 2003. C
ಮೇ 23, 2003
RBI rejects licence application of Madhepura-Supaul Central Co-operative Bank Ltd.
The Reserve Bank of India under Section 22 of the Banking Regulation Act, 1949 has rejected the licence application of the Madhepura-Supaul Central Co-operative Bank Ltd., Bihar to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies). As such, it will not be in order for the above bank, among other things, to accept deposits from public and a
The Reserve Bank of India under Section 22 of the Banking Regulation Act, 1949 has rejected the licence application of the Madhepura-Supaul Central Co-operative Bank Ltd., Bihar to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies). As such, it will not be in order for the above bank, among other things, to accept deposits from public and a
ಮೇ 23, 2003
RBI Cancels licence of Astha Corporation Private Limited, Hyderabad as 'surrendered'
The Reserve Bank of India has cancelled as surrendered on May 21, 2003 the licence of Astha Corporation Private Limited, B-1, Industrial Estate, Sanathnagar, Hyderabad-500 018 to carry on the business of a non-banking financial institution. The company has also been prohibited from acceptance of deposit from public under Section 45 MB (1) and prohibited from alienation of assets under Section 45 MB (2) of the Reserve Bank of India Act, 1934. The Reserve Bank has cance
The Reserve Bank of India has cancelled as surrendered on May 21, 2003 the licence of Astha Corporation Private Limited, B-1, Industrial Estate, Sanathnagar, Hyderabad-500 018 to carry on the business of a non-banking financial institution. The company has also been prohibited from acceptance of deposit from public under Section 45 MB (1) and prohibited from alienation of assets under Section 45 MB (2) of the Reserve Bank of India Act, 1934. The Reserve Bank has cance
ಏಪ್ರಿ 24, 2003
RBI cancels licence of the Dhana Cooperative Urban Bank Ltd., Eluru, Andhra Pradesh
The Reserve Bank of India has cancelled the licence of The Dhana Cooperative Urban Bank Ltd., Eluru, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise. The Reserve Bank has canc
The Reserve Bank of India has cancelled the licence of The Dhana Cooperative Urban Bank Ltd., Eluru, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by cheque, draft, order or otherwise. The Reserve Bank has canc
ಮಾರ್ಚ್ 07, 2003
RBI cancels licence of the Pratibha Mahila Sahakari Bank Ltd.
The Reserve Bank of India has cancelled vide Order dated February 25, 2003 the licence granted to the Pratibha Mahila Sahakari Bank Ltd., Jalgaon, Dist. Jalgaon (Maharashtra) to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by c
The Reserve Bank of India has cancelled vide Order dated February 25, 2003 the licence granted to the Pratibha Mahila Sahakari Bank Ltd., Jalgaon, Dist. Jalgaon (Maharashtra) to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by c
ಫೆಬ್ರವರಿ 11, 2003
RBI cancels licence of Yeshwant Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence of the Yeshwant Sahakari Bank Ltd., Mumbai, Maharashtra to carry on banking business. The bank is precluded from transacting the business of ‘banking’ as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P. V. Sadanandan ManagerPre
The Reserve Bank of India has cancelled the licence of the Yeshwant Sahakari Bank Ltd., Mumbai, Maharashtra to carry on banking business. The bank is precluded from transacting the business of ‘banking’ as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P. V. Sadanandan ManagerPre
ಜನವರಿ 31, 2003
Nedungadi Bank Ltd. branches to function as PNB branches from tomorrow
The branches of the Nedungadi Bank Ltd. will function as branches of Punjab National Bank from February 1, 2003. This is envisaged in the scheme of amalgamation sanctioned by the Central Government in its notification issued today. In terms of the Government notification, the depositors' interests are fully protected. As per the scheme of amalgamation, Punjab National Bank would take over the assets and liabilities of Nedungadi Bank Ltd. after first evaluating the ass
The branches of the Nedungadi Bank Ltd. will function as branches of Punjab National Bank from February 1, 2003. This is envisaged in the scheme of amalgamation sanctioned by the Central Government in its notification issued today. In terms of the Government notification, the depositors' interests are fully protected. As per the scheme of amalgamation, Punjab National Bank would take over the assets and liabilities of Nedungadi Bank Ltd. after first evaluating the ass
ಜನವರಿ 16, 2003
The Reserve Bank cancels licence of The Star Cooperative Urban Bank Ltd.
The Reserve Bank of India has cancelled the licence of The Star Cooperative Urban Bank Ltd., Dilsukhnagar, Hyderabad (Andhra Pradesh) to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P. V
The Reserve Bank of India has cancelled the licence of The Star Cooperative Urban Bank Ltd., Dilsukhnagar, Hyderabad (Andhra Pradesh) to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P. V
ಡಿಸೆಂ 13, 2002
RBI cancels licence of the
Sevalal Urban Co-operative Urban Bank Ltd.
Sevalal Urban Co-operative Urban Bank Ltd.
The Reserve Bank of India has cancelled vide Order dated December 4, 2002 the licence granted to the Sevalal Urban Co-operative Bank Ltd., Mandrup, Dist. Solapur (Maharashtra) to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by
The Reserve Bank of India has cancelled vide Order dated December 4, 2002 the licence granted to the Sevalal Urban Co-operative Bank Ltd., Mandrup, Dist. Solapur (Maharashtra) to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by
ಡಿಸೆಂ 04, 2002
RBI rejects licence application of The Gulbarga Urban Co-operative Bank Ltd.
The Reserve Bank of India has rejected the licence application of The Gulbarga Urban Co-operative Bank Ltd., Gulbarga (Karnataka) to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheques, draft, order or otherwise.P. V. Sadana
The Reserve Bank of India has rejected the licence application of The Gulbarga Urban Co-operative Bank Ltd., Gulbarga (Karnataka) to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheques, draft, order or otherwise.P. V. Sadana
ನವೆಂ 21, 2002
RBI rejects licence application of The Pithapuram Co-operative Urban Bank Ltd.
The Reserve Bank of India has rejected the licence application of The Pithapuram Co-operative Urban Bank Ltd., Pithapuram (Andhra Pradesh) to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheques, draft, order or otherwise.Aji
The Reserve Bank of India has rejected the licence application of The Pithapuram Co-operative Urban Bank Ltd., Pithapuram (Andhra Pradesh) to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheques, draft, order or otherwise.Aji
ನವೆಂ 02, 2002
Nedungadi Bank under Moratorium
On an application of the Reserve Bank of India, the Central Government has today issued an Order of Moratorium in respect of the Nedungadi Bank Ltd. The Order of Moratorium has been passed by the Central government in the public interest, in the interest of depositors and the banking system. The moratorium will be from the close of business on November 2, 2002 upto and including February 1, 2003. During this period, the Reserve Bank of India will consider the various
On an application of the Reserve Bank of India, the Central Government has today issued an Order of Moratorium in respect of the Nedungadi Bank Ltd. The Order of Moratorium has been passed by the Central government in the public interest, in the interest of depositors and the banking system. The moratorium will be from the close of business on November 2, 2002 upto and including February 1, 2003. During this period, the Reserve Bank of India will consider the various
ಅಕ್ಟೋ 24, 2002
RBI cancels licence of Mother Theresa Hyderabad Co-operative Urban Bank Ltd.
The Reserve Bank of India has cancelled the licence of The Mother Theresa Hyderabad Co-operative Urban Bank Ltd., Narayanaguda, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of ‘banking’ as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or ot
The Reserve Bank of India has cancelled the licence of The Mother Theresa Hyderabad Co-operative Urban Bank Ltd., Narayanaguda, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of ‘banking’ as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or ot
ಅಕ್ಟೋ 01, 2002
RBI rejects licence application of Manamadurai Co-operative Urban Bank Ltd.
The Reserve Bank of India has rejected the licence application of the Manamadurai Co-operative Urban Bank Ltd., Manamadurai, Tamil Nadu to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheques, draft, order or otherwise.P.V. S
The Reserve Bank of India has rejected the licence application of the Manamadurai Co-operative Urban Bank Ltd., Manamadurai, Tamil Nadu to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheques, draft, order or otherwise.P.V. S
ಸೆಪ್ಟೆಂ 09, 2002
RBI cancels licence of Armoor co-operative Urban Bank Ltd.
The Reserve Bank of India has cancelled the licence of Armoor Co-operative Urban Bank Ltd., Armoor, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of ‘banking’ as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P.V. Sadanandan Mana
The Reserve Bank of India has cancelled the licence of Armoor Co-operative Urban Bank Ltd., Armoor, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of ‘banking’ as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P.V. Sadanandan Mana
ಆಗ 26, 2002
RBI cancels licence of The Maa Sharda Mahila Nagari Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence of The Maa Sharda Mahila Nagari Sahakari Bank Ltd., Akola, Maharashtra to carry on banking business. The bank is precluded from transacting the business of ‘banking’ as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P.V. Sadanan
The Reserve Bank of India has cancelled the licence of The Maa Sharda Mahila Nagari Sahakari Bank Ltd., Akola, Maharashtra to carry on banking business. The bank is precluded from transacting the business of ‘banking’ as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P.V. Sadanan
ಆಗ 17, 2002
Banking Licence rejected
The Reserve Bank of India has rejected under Section 22 of the Banking Regulation Act, 1949 (AACS), the licence application of the District Central Co-op. Bank Ltd., Gonda, Uttar Pradesh to carry on banking business in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and all
The Reserve Bank of India has rejected under Section 22 of the Banking Regulation Act, 1949 (AACS), the licence application of the District Central Co-op. Bank Ltd., Gonda, Uttar Pradesh to carry on banking business in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and all
ಆಗ 14, 2002
RBI cancels licence of The Kalwa Belapur Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence of The Kalwa Belapur Sahakari Bank Ltd., Navi Mumbai, Maharashtra to carry on banking business. The bank is precluded from transacting the business of ‘banking’ as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Ajit Prasad Manag
The Reserve Bank of India has cancelled the licence of The Kalwa Belapur Sahakari Bank Ltd., Navi Mumbai, Maharashtra to carry on banking business. The bank is precluded from transacting the business of ‘banking’ as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Ajit Prasad Manag
ಆಗ 10, 2002
RBI cancels licence of The Megacity Co-operative Urban Bank Ltd.
The Reserve Bank of India has cancelled the licence of The Megacity Co-operative Urban Bank Ltd., Hyderabad, Andhra Pradesh to carry on banking business in India. The bank is precluded from transacting the business of ‘banking’ as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P
The Reserve Bank of India has cancelled the licence of The Megacity Co-operative Urban Bank Ltd., Hyderabad, Andhra Pradesh to carry on banking business in India. The bank is precluded from transacting the business of ‘banking’ as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P
ಭಾರತೀಯ ರಿಸರ್ವ್ ಬ್ಯಾಂಕ್ ಮೊಬೈಲ್ ಅಪ್ಲಿಕೇಶನ್ ಅನ್ನು ಇನ್ಸ್ಟಾಲ್ ಮಾಡಿ ಮತ್ತು ಇತ್ತೀಚಿನ ಸುದ್ದಿಗಳಿಗೆ ತ್ವರಿತ ಅಕ್ಸೆಸ್ ಪಡೆಯಿರಿ!
ಪೇಜ್ ಕೊನೆಯದಾಗಿ ಅಪ್ಡೇಟ್ ಆದ ದಿನಾಂಕ: ನವೆಂಬರ್ 21, 2024
