Press Releases - Regulating Co-operative Banking - ആർബിഐ - Reserve Bank of India
പത്രക്കുറിപ്പുകൾ
സെപ്റ്റം 08, 2016
RBI cancels Certificate of Registration of 5 NBFCs
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. M/s Simco Consultants Private Limited, Lakhami Tower,Vyapaar Vihar,Bilaspur (CG)-495001 B-05.03761 September 30, 2003 June 22, 2016 2. M/s Lunk
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. M/s Simco Consultants Private Limited, Lakhami Tower,Vyapaar Vihar,Bilaspur (CG)-495001 B-05.03761 September 30, 2003 June 22, 2016 2. M/s Lunk
സെപ്റ്റം 08, 2016
2 NBFCs surrender their Certificate of Registration to RBI
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1 M/s Vivek Vyapar Ltd 54,Ezra Street, Ground Floor,Kolkata-700001 B.05.06356 May 11
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1 M/s Vivek Vyapar Ltd 54,Ezra Street, Ground Floor,Kolkata-700001 B.05.06356 May 11
സെപ്റ്റം 07, 2016
RBI extends validity of the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow, Uttar Pradesh
The Reserve Bank of India (RBI) has extended the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of six months from September 12, 2016 to March 11, 2017, subject to review. The bank has been under directions since June 12, 2014 vide directive dated June 4, 2014 issued under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). The aforesaid directive has been modified / its validity extended vide RBI
The Reserve Bank of India (RBI) has extended the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of six months from September 12, 2016 to March 11, 2017, subject to review. The bank has been under directions since June 12, 2014 vide directive dated June 4, 2014 issued under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). The aforesaid directive has been modified / its validity extended vide RBI
സെപ്റ്റം 06, 2016
RBI extend Directions to The Vaish Co-operative Commercial Bank Ltd., New Delhi till March 08, 2017
The Reserve Bank of India, in exercise of powers vested in it under sub-section (1) and (2) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), hereby directs that the Directives dated August 28, 2015 issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi, as modified on February 25, 2016, the validity of which was last extended up to September 08, 2016, shall continue to apply to the bank for a further period of six
The Reserve Bank of India, in exercise of powers vested in it under sub-section (1) and (2) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), hereby directs that the Directives dated August 28, 2015 issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi, as modified on February 25, 2016, the validity of which was last extended up to September 08, 2016, shall continue to apply to the bank for a further period of six
സെപ്റ്റം 01, 2016
RBI issues Directions to Maratha Sahakari Bank Ltd., Mumbai, Maharashtra
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India has issued certain Directions to Maratha Sahakari Bank Ltd., Mumbai, Maharashtra, whereby, from the close of business on August 31, 2016 the aforesaid bank shall not, without prior
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India has issued certain Directions to Maratha Sahakari Bank Ltd., Mumbai, Maharashtra, whereby, from the close of business on August 31, 2016 the aforesaid bank shall not, without prior
ഓഗ 31, 2016
RBI issues Directions to Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad (Telangana)
The Reserve Bank of India is satisfied that in the interest of the public, it is necessary to issue certain directions to Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad. Accordingly, the Reserve Bank of India, in exercise of the powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949 hereby directs that Sri Bharathi Co-operative
The Reserve Bank of India is satisfied that in the interest of the public, it is necessary to issue certain directions to Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad. Accordingly, the Reserve Bank of India, in exercise of the powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949 hereby directs that Sri Bharathi Co-operative
ഓഗ 24, 2016
RBI extends Directions issued to Rupee Co-operative Bank Ltd., Pune till February 21, 2017
The Reserve Bank of India vide directive dated August 18, 2016 has extended directions issued to Rupee Co-operative Bank Ltd., Pune, Maharashtra for a further period of six months from August 22, 2016 to February 21, 2017 subject to review. The directions were originally imposed from February 22, 2013 to August 21, 2013 and were extended on five occasions for a period of six months each and twice for a period of three months each. The last extension was for a period o
The Reserve Bank of India vide directive dated August 18, 2016 has extended directions issued to Rupee Co-operative Bank Ltd., Pune, Maharashtra for a further period of six months from August 22, 2016 to February 21, 2017 subject to review. The directions were originally imposed from February 22, 2013 to August 21, 2013 and were extended on five occasions for a period of six months each and twice for a period of three months each. The last extension was for a period o
ഓഗ 16, 2016
RBI issues Directions to The R.S. Co-op. Bank Ltd., Mumbai, Maharashtra- Relaxation in payment of deposit
The Reserve Bank of India notified that The R.S. Co-op. Bank Ltd., Mumbai, Maharashtra, was placed under directions for a period of six months vide directive dated June 24, 2015. The validity of the directions was extended for a further period of six months and three months each vide directives dated December 21, 2015 and June 22, 2016 respectively and the same is valid upto September 25, 2016. In terms of the existing directions, among other conditions, a sum not exc
The Reserve Bank of India notified that The R.S. Co-op. Bank Ltd., Mumbai, Maharashtra, was placed under directions for a period of six months vide directive dated June 24, 2015. The validity of the directions was extended for a further period of six months and three months each vide directives dated December 21, 2015 and June 22, 2016 respectively and the same is valid upto September 25, 2016. In terms of the existing directions, among other conditions, a sum not exc
ഓഗ 16, 2016
RBI imposes penalty on Model Co-operative Urban Bank Ltd., Hyderabad, Telangana
The Reserve Bank of India has imposed monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on The Model Co-operative Urban Bank Ltd., Hyderabad, Telangana, in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of the Reserve Bank of India directives and guidelines on loans and advances to directors and their relatives. The R
The Reserve Bank of India has imposed monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on The Model Co-operative Urban Bank Ltd., Hyderabad, Telangana, in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of the Reserve Bank of India directives and guidelines on loans and advances to directors and their relatives. The R
ഓഗ 16, 2016
RBI imposes penalty on Shri Dadasaheb Gajmal Co-operative Bank Ltd., Pachora, Dist : Jalgaon
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One Lakh only) on Shri Dadasaheb Gajmal Co-operative Bank Ltd., Pachora, Dist : Jalgaon in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of the instructions / guidelines of the Reserve Bank of India relating to creation of floating charge on i
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One Lakh only) on Shri Dadasaheb Gajmal Co-operative Bank Ltd., Pachora, Dist : Jalgaon in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of the instructions / guidelines of the Reserve Bank of India relating to creation of floating charge on i
ഓഗ 16, 2016
RBI imposes penalty on Indapur Urban Co-operative Bank Ltd., Indapur, Dist : Pune
The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two Lakhs only) on Indapur Urban Co-operative Bank Ltd., Indapur, Dist : Pune in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of the instructions / guidelines of the Reserve Bank of India relating to credit exposure norms on loans and advanc
The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two Lakhs only) on Indapur Urban Co-operative Bank Ltd., Indapur, Dist : Pune in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of the instructions / guidelines of the Reserve Bank of India relating to credit exposure norms on loans and advanc
ഓഗ 16, 2016
RBI Imposes Monetary Penalty on The Cooperative City Bank Ltd., Guwahati
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five lakh only) on The Cooperative City Bank Ltd., Guwahati. In exercise of the powers vested in it under the provisions of Section 47A (1) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies), for violation of the provisions of para 4 (i) of circular UBD.DS.PCB.No.17/13.01.00/2002-03 dated September 18, 2002 on Guidelines on Know Your Custom
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five lakh only) on The Cooperative City Bank Ltd., Guwahati. In exercise of the powers vested in it under the provisions of Section 47A (1) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies), for violation of the provisions of para 4 (i) of circular UBD.DS.PCB.No.17/13.01.00/2002-03 dated September 18, 2002 on Guidelines on Know Your Custom
ഓഗ 10, 2016
Cancellation of licence to carry on banking business in India and conversion of Urban Co-operative Bank into a Co-operative Society under Sections 22 and 36 (A) (2) of the Banking Regulation Act, 1949 (AACS) - Shri Yugprabhav Sahakari Bank Ltd., Vadodara (Gujarat)
It is hereby notified for information of the public that the Reserve Bank of India has cancelled the licence of Shri Yugprabhav Sahakari Bank Ltd., Vadodara (Gujarat) vide order dated June 29, 2016. In view of the unsatisfactory financials and compliance record, the bank was advised to go out of purview of the B R Act, 1949 (AACS) and convert into a Co-operative Society. The bank has fulfilled all the conditions stipulated in Section 36(A)(2) of the Act ibid to allow
It is hereby notified for information of the public that the Reserve Bank of India has cancelled the licence of Shri Yugprabhav Sahakari Bank Ltd., Vadodara (Gujarat) vide order dated June 29, 2016. In view of the unsatisfactory financials and compliance record, the bank was advised to go out of purview of the B R Act, 1949 (AACS) and convert into a Co-operative Society. The bank has fulfilled all the conditions stipulated in Section 36(A)(2) of the Act ibid to allow
ഓഗ 05, 2016
RBI cancels the Licence of the Pioneer Urban Co-operative Bank Ltd., Lucknow, Uttar Pradesh
The Reserve Bank of India (RBI) has, vide order dated July 15, 2016 cancelled the licence of Pioneer Urban Co-operative Bank Ltd., Lucknow, Uttar Pradesh to carry on banking business. The order was made effective from the close of business on July 25, 2016. The Registrar of Co-operative Societies Uttar Pradesh has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Reserve Bank cancelled the licence of the bank as:
The Reserve Bank of India (RBI) has, vide order dated July 15, 2016 cancelled the licence of Pioneer Urban Co-operative Bank Ltd., Lucknow, Uttar Pradesh to carry on banking business. The order was made effective from the close of business on July 25, 2016. The Registrar of Co-operative Societies Uttar Pradesh has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Reserve Bank cancelled the licence of the bank as:
ഓഗ 05, 2016
RBI cancels the Licence of the Jijamata Mahila Sahakari Bank Ltd., Satara, Maharashtra
The Reserve Bank of India (RBI) has, vide order dated June 30, 2016 cancelled the licence of Jijamata Mahila Sahakari Bank Ltd., Satara, Maharashtra to carry on banking business. The order was made effective from the close of business on July 4, 2016. The Registrar of Co-operative Societies, 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 the licence of the bank as: The ban
The Reserve Bank of India (RBI) has, vide order dated June 30, 2016 cancelled the licence of Jijamata Mahila Sahakari Bank Ltd., Satara, Maharashtra to carry on banking business. The order was made effective from the close of business on July 4, 2016. The Registrar of Co-operative Societies, 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 the licence of the bank as: The ban
ഓഗ 03, 2016
RBI Imposes Monetary Penalty on The Raipur Urban Mercantile Co-operative Bank Limited, Raipur
The Reserve Bank of India has imposed a monetary penalty of ₹ 5,00,000/- (Rupees Five lakh only) on the Raipur Urban Mercantile Co-operative Bank Limited, Raipur in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of the directives/guidelines issued by the Reserve Bank on prohibition of grant of loans and advances to its dire
The Reserve Bank of India has imposed a monetary penalty of ₹ 5,00,000/- (Rupees Five lakh only) on the Raipur Urban Mercantile Co-operative Bank Limited, Raipur in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of the directives/guidelines issued by the Reserve Bank on prohibition of grant of loans and advances to its dire
ഓഗ 03, 2016
RBI Imposes Monetary Penalty on Zila Sahakari Kendriya Bank Maryadit, Raipur
The Reserve Bank of India has imposed a monetary penalty of ₹ 5,00,000/- (Rupees five lakh only) on Zila Sahakari Kendriya Bank Maryadit, Raipur in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of the directives/guidelines of the Reserve Bank on Know Your Customer Norms. The Reserve Bank of India had issued a show cause no
The Reserve Bank of India has imposed a monetary penalty of ₹ 5,00,000/- (Rupees five lakh only) on Zila Sahakari Kendriya Bank Maryadit, Raipur in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of the directives/guidelines of the Reserve Bank on Know Your Customer Norms. The Reserve Bank of India had issued a show cause no
ഓഗ 01, 2016
RBI issues Directions to Hardoi Urban Co-operative Bank Ltd., Hardoi (U.P.)
The Reserve Bank of India is satisfied that in the interest of the public, it is necessary to issue certain directions to the Hardoi Urban Co-operative Bank Ltd., Hardoi. Accordingly, the Reserve Bank of India in exercise of the powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949 hereby directs that the Hardoi Urban Co-operative B
The Reserve Bank of India is satisfied that in the interest of the public, it is necessary to issue certain directions to the Hardoi Urban Co-operative Bank Ltd., Hardoi. Accordingly, the Reserve Bank of India in exercise of the powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949 hereby directs that the Hardoi Urban Co-operative B
ഓഗ 01, 2016
RBI issues Directions to Mahamedha Urban Co-operative Bank Ltd., Ghaziabad (Uttar Pradesh)
The Reserve Bank of India is satisfied that in the interest of the public, it is necessary to issue certain directions to the Mahamedha Urban Co-operative Bank Ltd., Ghaziabad. Accordingly, the Reserve Bank of India in exercise of the powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949 hereby directs that the Mahamedha Urban Co-op
The Reserve Bank of India is satisfied that in the interest of the public, it is necessary to issue certain directions to the Mahamedha Urban Co-operative Bank Ltd., Ghaziabad. Accordingly, the Reserve Bank of India in exercise of the powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949 hereby directs that the Mahamedha Urban Co-op
ജൂലൈ 31, 2016
RBI issue Directions to CKP Co-operative Bank Ltd, Mumbai, Maharashtra
CKP Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions for a period of six months vide directive dated April 30, 2014 from the close of business on May 2, 2014. The validity of the directions was extended vide directives dated October 21, 2014 for a period of three months; dated January 20, 2015 for a period of six months; dated July 9, 2015 for a period of three months ; dated October 28, 2015 for a period of three months and dated January 19, 20
CKP Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions for a period of six months vide directive dated April 30, 2014 from the close of business on May 2, 2014. The validity of the directions was extended vide directives dated October 21, 2014 for a period of three months; dated January 20, 2015 for a period of six months; dated July 9, 2015 for a period of three months ; dated October 28, 2015 for a period of three months and dated January 19, 20
ജൂലൈ 26, 2016
RBI cancels Certificate of Registration of 5 NBFCs
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. M/s Jahangirabad Finance Company Private Limited 301, Dhaka Chamber, 39, Naiwala, Karol Bagh, New Delhi – 110005 B-14.03066 April 25, 2005 May
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. M/s Jahangirabad Finance Company Private Limited 301, Dhaka Chamber, 39, Naiwala, Karol Bagh, New Delhi – 110005 B-14.03066 April 25, 2005 May
ജൂലൈ 26, 2016
2 NBFCs surrender their Certificate of Registration to RBI
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. M/s Fedder Tieup Private Limited (Presently Savi Media World Limited) 10B, Sikdar
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. M/s Fedder Tieup Private Limited (Presently Savi Media World Limited) 10B, Sikdar
ജൂലൈ 26, 2016
RBI cancels Licence of Pioneer Urban Co-operative Bank Ltd., Lucknow
The Reserve Bank of India has, on July 15, 2016, cancelled the licence of Pioneer Urban Co-operative Bank Ltd., Lucknow, Uttar Pradesh to carry on banking business. As such, the bank cannot transact the business of 'banking' as defined in Section 5(b) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), including acceptance/repayment of deposits. The licence was cancelled under Section 22 of the Banking Regulation Act, 1949 (As Applicable to
The Reserve Bank of India has, on July 15, 2016, cancelled the licence of Pioneer Urban Co-operative Bank Ltd., Lucknow, Uttar Pradesh to carry on banking business. As such, the bank cannot transact the business of 'banking' as defined in Section 5(b) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), including acceptance/repayment of deposits. The licence was cancelled under Section 22 of the Banking Regulation Act, 1949 (As Applicable to
ജൂലൈ 22, 2016
RBI imposes penalty on Sardar Bhiladwala Pardi People’s Co-operative Bank Ltd., Killa Pardi, Dist. Valsad (Scheduled UCB) (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on Sardar Bhiladwala Pardi People’s Co-operative Bank Ltd., Killa Pardi, Dist. Valsad (Scheduled UCB) (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of RBI guidelines pertaining to loans beyond the ceiling of ₹ 1.00
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on Sardar Bhiladwala Pardi People’s Co-operative Bank Ltd., Killa Pardi, Dist. Valsad (Scheduled UCB) (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of RBI guidelines pertaining to loans beyond the ceiling of ₹ 1.00
ജൂലൈ 22, 2016
RBI issues Directions on Shree Ganesh Sahakari Bank Ltd., Nashik, Maharashtra - Relaxation in payment of deposit
The Reserve Bank of India notified that Shree Ganesh Sahakari Bank Ltd., Nashik, was placed under directions for a period of six months vide directive dated April 01, 2013. The validity of the directions was extended from time to time and are valid upto September 29, 2016. In terms of the existing directions a sum not exceeding ₹ 1,000/- of the total balance in every savings bank or current account or any other deposit account by whatever name called was allowed to be
The Reserve Bank of India notified that Shree Ganesh Sahakari Bank Ltd., Nashik, was placed under directions for a period of six months vide directive dated April 01, 2013. The validity of the directions was extended from time to time and are valid upto September 29, 2016. In terms of the existing directions a sum not exceeding ₹ 1,000/- of the total balance in every savings bank or current account or any other deposit account by whatever name called was allowed to be
ജൂലൈ 20, 2016
RBI imposes penalty on Sanmitra Sahakari Bank Maryadit, Mumbai
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One Lakh only) on Sanmitra Sahakari Bank Maryadit, Mumbai in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of the instructions / guidelines of the Reserve Bank of India relating to single borrower exposure limit, unsecured individual borrower
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One Lakh only) on Sanmitra Sahakari Bank Maryadit, Mumbai in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of the instructions / guidelines of the Reserve Bank of India relating to single borrower exposure limit, unsecured individual borrower
ജൂലൈ 18, 2016
RBI imposes penalty on Baidyabati-Sheoraphuli Co-operative Bank Ltd., Dist - Hooghly, West Bengal
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One Lakh only) on Baidyabati-Sheoraphuli Co-operative Bank Ltd., Dist- Hooghly, West Bengal, Pin-712223, in exercise of powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of extant guideline on limit of Non-SLR investment, individual and group exposure ceilings for
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One Lakh only) on Baidyabati-Sheoraphuli Co-operative Bank Ltd., Dist- Hooghly, West Bengal, Pin-712223, in exercise of powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of extant guideline on limit of Non-SLR investment, individual and group exposure ceilings for
ജൂലൈ 15, 2016
The Bodeli Urban Co-operative Bank Ltd., Bodeli, Dist. Chhota Udepur (Gujarat) - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹1.00 lakh (Rupees one Lakh) on The Bodeli Urban Co-operative Bank Ltd., Bodeli, Dist. Chhota Udepur (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of RBI guidelines for ceiling on unsecured advances, credit sanction, KYC/AML guidelines regarding i
The Reserve Bank of India has imposed a monetary penalty of ₹1.00 lakh (Rupees one Lakh) on The Bodeli Urban Co-operative Bank Ltd., Bodeli, Dist. Chhota Udepur (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of RBI guidelines for ceiling on unsecured advances, credit sanction, KYC/AML guidelines regarding i
ജൂലൈ 14, 2016
RBI imposes penalty on The Yashwant Co-operative Bank Limited, Phaltan, Maharashtra
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on The Yashwant Co-operative Bank Limited, Phaltan, Maharashtra in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of provisions of Banking Regulation Act, 1949 (AACS), directions/instructions/guidelines issued by the Reserve Bank
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on The Yashwant Co-operative Bank Limited, Phaltan, Maharashtra in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of provisions of Banking Regulation Act, 1949 (AACS), directions/instructions/guidelines issued by the Reserve Bank
ജൂലൈ 14, 2016
RBI imposes penalty on Shri Laxmi Co-operative Bank Ltd., Pune
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one Lakh only) on Shri Laxmi Co-operative Bank Ltd. Pune in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of provision of B.R.Act, 1949 (AACS) by submitting false compliance to RBI Inspection Report 2012-2013. The Reserve Bank of India had is
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one Lakh only) on Shri Laxmi Co-operative Bank Ltd. Pune in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of provision of B.R.Act, 1949 (AACS) by submitting false compliance to RBI Inspection Report 2012-2013. The Reserve Bank of India had is
ജൂലൈ 13, 2016
RBI extends Directions on The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal
The Reserve Bank of India has extended directions issued to The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal. The directions will continue to apply to the bank for a further period of six months from July 07, 2016 to January 06, 2017, subject to review. The Reserve Bank had initially placed the bank under directions for six months w.e.f April 07, 2014 due to its very precarious financial position and the validity of which was subsequently extended on
The Reserve Bank of India has extended directions issued to The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal. The directions will continue to apply to the bank for a further period of six months from July 07, 2016 to January 06, 2017, subject to review. The Reserve Bank had initially placed the bank under directions for six months w.e.f April 07, 2014 due to its very precarious financial position and the validity of which was subsequently extended on
ജൂലൈ 13, 2016
RBI extends Directions issued to the Amanath Co-operative Bank Ltd., Bengaluru
The Reserve Bank of India notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank has issued certain Directions to Amanath Co-operative Bank Ltd., Bengaluru whereby, as from the close of business on April 05, 2013, the aforesaid bank shall not, without prior
The Reserve Bank of India notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank has issued certain Directions to Amanath Co-operative Bank Ltd., Bengaluru whereby, as from the close of business on April 05, 2013, the aforesaid bank shall not, without prior
ജൂലൈ 12, 2016
RBI imposes penalty on Shri Anand Co-operative Bank Ltd, Pune
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one Lakh only) on Shri Anand Co-operative Bank Ltd. Pune in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of the Instructions / Guidelines of the Reserve Bank of India relating to group borrower limit The Reserve Bank of India had issued a sh
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one Lakh only) on Shri Anand Co-operative Bank Ltd. Pune in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of the Instructions / Guidelines of the Reserve Bank of India relating to group borrower limit The Reserve Bank of India had issued a sh
ജൂലൈ 11, 2016
RBI imposes penalty on The Prathamik Shikshak Sahakari Bank Limited Kolhapur
The Reserve Bank of India has imposed a monetary penalty of ₹ 10.00 lakh (Rupees Ten lakh only) on The Prathamik Shikshak Sahakari Bank Ltd., Kolhapur (Salary Earners’ Bank), in exercise of the powers vested in it under the provision of Section 47A (1) (b) read with Section 46 (4) of the Banking Regulation Act 1949 (As Applicable to Co-operative Societies), for violation of operational instructions relating to declaration and payment of dividend for the financial year
The Reserve Bank of India has imposed a monetary penalty of ₹ 10.00 lakh (Rupees Ten lakh only) on The Prathamik Shikshak Sahakari Bank Ltd., Kolhapur (Salary Earners’ Bank), in exercise of the powers vested in it under the provision of Section 47A (1) (b) read with Section 46 (4) of the Banking Regulation Act 1949 (As Applicable to Co-operative Societies), for violation of operational instructions relating to declaration and payment of dividend for the financial year
ജൂലൈ 05, 2016
RBI extends Directions issued to the Brahmawart Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh till January 06, 2017
The Reserve Bank of India has extended Directions issued to the Brahmawart Commercial Co-operative Bank Ltd., Kanpur for a further period of six months from July 07, 2016 to January 06, 2017, subject to review. The bank has been under directions issued under Section 35A of the Banking Regulation Act, 1949 (AACS) since July 07, 2015. The aforesaid directive was modified and its validity extended upto July 06, 2016. The same has further been extended upto January 06, 20
The Reserve Bank of India has extended Directions issued to the Brahmawart Commercial Co-operative Bank Ltd., Kanpur for a further period of six months from July 07, 2016 to January 06, 2017, subject to review. The bank has been under directions issued under Section 35A of the Banking Regulation Act, 1949 (AACS) since July 07, 2015. The aforesaid directive was modified and its validity extended upto July 06, 2016. The same has further been extended upto January 06, 20
ജൂലൈ 04, 2016
Cancellation of licence of Jijamata Mahila Sahakari Bank Limited, Satara, Maharashtra to carry on banking business
It is hereby notified for the information of the public that the Reserve Bank of India has, vide its order dated June 30, 2016, cancelled the licence of Jijamata Mahila Sahakari Bank Limited, Satara, Maharashtra to carry on banking business under Section 22 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of Banking Regulation Act, 1949. As such, the bank is forthwith precluded from transacting the business of 'banking
It is hereby notified for the information of the public that the Reserve Bank of India has, vide its order dated June 30, 2016, cancelled the licence of Jijamata Mahila Sahakari Bank Limited, Satara, Maharashtra to carry on banking business under Section 22 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of Banking Regulation Act, 1949. As such, the bank is forthwith precluded from transacting the business of 'banking
ജൂലൈ 01, 2016
RBI imposes Monetary Penalty on Shri Anand Nagari Sahakari Bank Ltd., Chandrapur (Maharashtra)
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on Shri Anand Nagari Sahakari Bank Ltd., Chandrapur, in exercise of powers vested in it under the provisions of Section 47A (1) (b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of various norms and RBI instructions. The Reserve Bank of India had issued a show cause notice to the bank, in response to whic
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on Shri Anand Nagari Sahakari Bank Ltd., Chandrapur, in exercise of powers vested in it under the provisions of Section 47A (1) (b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of various norms and RBI instructions. The Reserve Bank of India had issued a show cause notice to the bank, in response to whic
ജൂലൈ 01, 2016
RBI extends Directions issued to Shri Sai Urban Co-operative Bank Ltd., Mukhed Dist. Nanded, Maharashtra till September 30, 2016
The Reserve Bank of India has extended Directions issued to Shri Sai Urban Co-operative Bank Ltd., Mukhed, Dist. Nanded (Mahrashtra) for a further period of three months from the close of business as on June 30, 2016 to September 30, 2016, subject to review. The bank was under directions since July 01, 2015. The directions were earlier extended for six month on one occasion. The Directions were imposed in exercise of powers vested in the Reserve Bank under sub section
The Reserve Bank of India has extended Directions issued to Shri Sai Urban Co-operative Bank Ltd., Mukhed, Dist. Nanded (Mahrashtra) for a further period of three months from the close of business as on June 30, 2016 to September 30, 2016, subject to review. The bank was under directions since July 01, 2015. The directions were earlier extended for six month on one occasion. The Directions were imposed in exercise of powers vested in the Reserve Bank under sub section
ജൂൺ 30, 2016
Pricing of credit by NBFC-MFIs- applicable average base rate for the quarter beginning July 01, 2016
It was communicated by Reserve Bank in its circular dated February 7, 2014 issued to NBFC-MFIs regarding pricing of credit, that the average of the base rates of the five largest commercial banks shall be advised by the Bank on the last working day of every quarter, for the purpose of arriving at the interest rates to be charged by an NBFC-MFI to its borrowers in the ensuing quarter. It is hereby brought to the notice of all concerned including the NBFC-MFIs that the
It was communicated by Reserve Bank in its circular dated February 7, 2014 issued to NBFC-MFIs regarding pricing of credit, that the average of the base rates of the five largest commercial banks shall be advised by the Bank on the last working day of every quarter, for the purpose of arriving at the interest rates to be charged by an NBFC-MFI to its borrowers in the ensuing quarter. It is hereby brought to the notice of all concerned including the NBFC-MFIs that the
ജൂൺ 24, 2016
RBI issues Directions on The R S Co-operative Bank Ltd., Mumbai, Maharashtra
The R S Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions for a period of six months vide directive dated June 24, 2015 from the close of business on June 26, 2015. The validity of the directions was extended, vide order dated December 21, 2015 for a period of six months. The validity of the directions has been extended for a further period of three months from June 26, 2016 to September 25, 2016 vide our modified directive dated June 22, 2016 su
The R S Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions for a period of six months vide directive dated June 24, 2015 from the close of business on June 26, 2015. The validity of the directions was extended, vide order dated December 21, 2015 for a period of six months. The validity of the directions has been extended for a further period of three months from June 26, 2016 to September 25, 2016 vide our modified directive dated June 22, 2016 su
ജൂൺ 24, 2016
RBI imposes penalty on The Industrial Cooperative Bank Ltd., Guwahati
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five lakh only) on The Industrial Cooperative Bank Ltd., Guwahati. In exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies), for violation of the provisions of para 4 (i) of circular dated September 18, 2002 on Guidelines on Know Your Customers Norms and Cash Transac
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five lakh only) on The Industrial Cooperative Bank Ltd., Guwahati. In exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies), for violation of the provisions of para 4 (i) of circular dated September 18, 2002 on Guidelines on Know Your Customers Norms and Cash Transac
ജൂൺ 21, 2016
RBI extends validity of the Directions issued to the Pioneer Urban Co-operative Bank Ltd., Lucknow, Uttar Pradesh
The Reserve Bank of India (RBI) has extended the Directions issued to the Pioneer Urban Co-operative Bank Ltd., Lucknow for a further period of three months from June 24, 2016 to September 23, 2016, subject to review. The bank has been under directions since March 24, 2015 vide directive dated March 14, 2015 issued under Section 35A of the Banking Regulation Act, 1949 (AACS). The validity of the aforesaid directive was extended vide RBI directive dated September 16, 2
The Reserve Bank of India (RBI) has extended the Directions issued to the Pioneer Urban Co-operative Bank Ltd., Lucknow for a further period of three months from June 24, 2016 to September 23, 2016, subject to review. The bank has been under directions since March 24, 2015 vide directive dated March 14, 2015 issued under Section 35A of the Banking Regulation Act, 1949 (AACS). The validity of the aforesaid directive was extended vide RBI directive dated September 16, 2
ജൂൺ 21, 2016
The Lunawada Peoples’ Co-operative Bank Ltd., Lunawada, Dist. Mahisagar Imposition of penalty of ₹ 1.00 lakh
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one Lakh only) on The Lunawada Peoples’ Co-operative Bank Ltd., Lunawada, Dist. Mahisagar (Gujarat) in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation pertaining to issuance of Demand Drafts to a single party on the same day in cash for value j
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one Lakh only) on The Lunawada Peoples’ Co-operative Bank Ltd., Lunawada, Dist. Mahisagar (Gujarat) in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation pertaining to issuance of Demand Drafts to a single party on the same day in cash for value j
ജൂൺ 15, 2016
RBI issues Directions on Sanmitra Sahakari Bank Maryadit, Mumbai, Maharashtra
The Reserve Bank of India notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank has issued certain Directions to Sanmitra Sahakari Bank Maryadit, Mumbai, Maharashtra, whereby, as from the close of business on June 14, 2016, the aforesaid bank shall not, wit
The Reserve Bank of India notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank has issued certain Directions to Sanmitra Sahakari Bank Maryadit, Mumbai, Maharashtra, whereby, as from the close of business on June 14, 2016, the aforesaid bank shall not, wit
ജൂൺ 10, 2016
RBI extends Directions issued to the Shri Chhatrapati Urban Co-operative Bank Ltd., Pimple Nilakh, District - Pune, Maharashtra
Shri Chhatrapati Urban Co-operative Bank Ltd., Pimple Nilakh, District - Pune, Maharashtra was placed under directions for a period of six months vide directive dated September 10, 2014 from the close of business on September 12, 2014. The validity of the aforesaid directive was extended thrice for a period of six months vide directive dated March 04, 2015 from the close of business on March 11, 2015; for a period of three months vide directive dated September 1, 2015
Shri Chhatrapati Urban Co-operative Bank Ltd., Pimple Nilakh, District - Pune, Maharashtra was placed under directions for a period of six months vide directive dated September 10, 2014 from the close of business on September 12, 2014. The validity of the aforesaid directive was extended thrice for a period of six months vide directive dated March 04, 2015 from the close of business on March 11, 2015; for a period of three months vide directive dated September 1, 2015
ജൂൺ 08, 2016
RBI shifts Supervision of Some Urban Coop Banks to Nagpur
The Reserve Bank of India has shifted supervision and monitoring of Non-Scheduled Urban Cooperative banks whose head offices are located in Dhule, Nandurbar, Jalgaon and Solapur disctricts from Mumbai to Nagpur with effect from June 07, 2016. The address for correspondence regarding these banks would now be: General ManagerDepartment of Cooperative Bank SupervisionReserve Bank of IndiaAdditional Office BuildingEast High Court RoadNagpur- 440001Phone - 0712 2531225FAX
The Reserve Bank of India has shifted supervision and monitoring of Non-Scheduled Urban Cooperative banks whose head offices are located in Dhule, Nandurbar, Jalgaon and Solapur disctricts from Mumbai to Nagpur with effect from June 07, 2016. The address for correspondence regarding these banks would now be: General ManagerDepartment of Cooperative Bank SupervisionReserve Bank of IndiaAdditional Office BuildingEast High Court RoadNagpur- 440001Phone - 0712 2531225FAX
ജൂൺ 07, 2016
RBI imposes penalty on Agroha Co-operative Urban Bank Ltd., Hyderabad, Telangana
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on Agroha Co-operative Urban Bank Ltd., Hyderabad, Telangana in exercise of the powers vested in it under the provisions of Section 47A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of directives/guidelines of the Reserve Bank on loans and advances to directors and their relatives. The Reserve Ba
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on Agroha Co-operative Urban Bank Ltd., Hyderabad, Telangana in exercise of the powers vested in it under the provisions of Section 47A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of directives/guidelines of the Reserve Bank on loans and advances to directors and their relatives. The Reserve Ba
ജൂൺ 07, 2016
RBI imposes penalty on Sri Kalahasti Co-operative Town Bank Ltd., Sri Kalahasti, Andhra Pradesh
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on Sri Kalahasti Co-operative Town Bank Ltd., Sri Kalahasti, Andhra Pradesh, in exercise of the powers vested in it under the provisions of Section 47A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of Section 20 and Section 20 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative S
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on Sri Kalahasti Co-operative Town Bank Ltd., Sri Kalahasti, Andhra Pradesh, in exercise of the powers vested in it under the provisions of Section 47A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of Section 20 and Section 20 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative S
ജൂൺ 06, 2016
RBI imposes penalty on The Mapusa Urban Co-operative Bank of Goa Ltd, Mapusa, Goa
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh Only) on The Mapusa Urban Co-operative Bank of Goa Ltd, Mapusa, Goa, in exercise of the powers vested in it under the provisions of Section 47A (1) (b) read with Section 46(4) of the Banking regulation Act, 1949 (As applicable to Co-operative Societies), for violations of the directions/guidelines issued by the Reserve Bank of India relating to payment of interests on term deposi
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh Only) on The Mapusa Urban Co-operative Bank of Goa Ltd, Mapusa, Goa, in exercise of the powers vested in it under the provisions of Section 47A (1) (b) read with Section 46(4) of the Banking regulation Act, 1949 (As applicable to Co-operative Societies), for violations of the directions/guidelines issued by the Reserve Bank of India relating to payment of interests on term deposi
മേയ് 30, 2016
RBI extends Directions issued to The Choundeshwari Sahakari Bank Ltd, Ichalkaranji, Kolhapur till November 30, 2016
The Choundeshwari Sahakari Bank Ltd, Ichalkaranji, Kolhapur, was placed under directions for a period of six months vide directive dated August 28, 2014 from the close of business on August 30, 2014. The validity of the directions was extended thrice, vide order dated February 05, 2015 for a period of six months from March 01, 2015; dated July 31, 2015 for a period of three months from September 01, 2015 and dated November 23, 2015 respectively for a period of six mon
The Choundeshwari Sahakari Bank Ltd, Ichalkaranji, Kolhapur, was placed under directions for a period of six months vide directive dated August 28, 2014 from the close of business on August 30, 2014. The validity of the directions was extended thrice, vide order dated February 05, 2015 for a period of six months from March 01, 2015; dated July 31, 2015 for a period of three months from September 01, 2015 and dated November 23, 2015 respectively for a period of six mon
പേജ് അവസാനം അപ്ഡേറ്റ് ചെയ്തത്: സെപ്റ്റംബർ 06, 2024