Press Releases - Regulating Co-operative Banking - ଆରବିଆଇ - Reserve Bank of India
ପ୍ରେସ୍ ପ୍ରକାଶନୀ
ଜାନୁଆରୀ 27, 2015
RBI cancels Licence of United Commercial Co-operative Bank Ltd., Kanpur
The Reserve Bank of India has, on January 20, 2015, cancelled the licence of United Commercial Co-operative Bank Ltd., Kanpur, 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 applicab
The Reserve Bank of India has, on January 20, 2015, cancelled the licence of United Commercial Co-operative Bank Ltd., Kanpur, 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 applicab
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ଜାନୁଆରୀ 21, 2015
RBI extends Directions on Amanath Co-operative Bank Ltd., Bengaluru till July 04, 2015
The Reserve Bank of India has extended the Directions issued to Amanath Co-operative Bank Ltd., Bengaluru for a further period of six months from January 05, 2015 to July 04, 2015, subject to review. The bank was under Directions since April 05, 2013. According to the Directions, Amanath Co-operative Bank Ltd., Bengaluru cannot from the close of business on April 05, 2013, without prior approval of the Reserve Bank in writing grant or renew any loans and advances, mak
The Reserve Bank of India has extended the Directions issued to Amanath Co-operative Bank Ltd., Bengaluru for a further period of six months from January 05, 2015 to July 04, 2015, subject to review. The bank was under Directions since April 05, 2013. According to the Directions, Amanath Co-operative Bank Ltd., Bengaluru cannot from the close of business on April 05, 2013, without prior approval of the Reserve Bank in writing grant or renew any loans and advances, mak
ଜାନୁଆରୀ 01, 2015
RBI extends Directions on The Suri Friends’ Union Cooperative Bank Limited, Suri, West Bengal
The Reserve Bank of India has extended Directions issued to The Suri Friends’ Union Cooperative Bank Limited, Suri, West Bengal. The directions will continue to apply to the bank for a further period of six months from January 07, 2015 to July 06, 2015, subject to review. The Reserve Bank had initially placed the bank under directions for six months w.e.f. April 7, 2014 due to its very precarious financial position and the validity of which was subsequently extended o
The Reserve Bank of India has extended Directions issued to The Suri Friends’ Union Cooperative Bank Limited, Suri, West Bengal. The directions will continue to apply to the bank for a further period of six months from January 07, 2015 to July 06, 2015, subject to review. The Reserve Bank had initially placed the bank under directions for six months w.e.f. April 7, 2014 due to its very precarious financial position and the validity of which was subsequently extended o
ଡିସେମ୍ବର 24, 2014
RBI imposes penalty on Rajputana Mahila Urban Co-operative Bank Limited, Jaipur
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on Rajputana Mahila Urban Co-operative Bank Limited, Jaipur in exercise of powers vested in it under the provisions of Section 47(A) (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of the provisions of RBI guidelines on Know Your Customers (KYC) norms and Anti Money Laundering (AML) and exposure to
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on Rajputana Mahila Urban Co-operative Bank Limited, Jaipur in exercise of powers vested in it under the provisions of Section 47(A) (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of the provisions of RBI guidelines on Know Your Customers (KYC) norms and Anti Money Laundering (AML) and exposure to
ଡିସେମ୍ବର 17, 2014
RBI imposes monetary penalty on two banks; cautions three banks for violating KYC/AML Instructions
The Reserve Bank of India has imposed monetary penalty on the following two banks for violation of its instructions, among other things, on know your customer/anti money laundering Know Your Customer(KYC)/Anti Money Laundering (AML). The details of the penalty are: Sl. No. Name of the bank Penalty Amount (in ` mn) 1 ICICI Bank Ltd. 5.00 2 Bank of Baroda 2.50 The penalties have been imposed in exercise of powers vested in the Reserve Bank under the provisions of Sectio
The Reserve Bank of India has imposed monetary penalty on the following two banks for violation of its instructions, among other things, on know your customer/anti money laundering Know Your Customer(KYC)/Anti Money Laundering (AML). The details of the penalty are: Sl. No. Name of the bank Penalty Amount (in ` mn) 1 ICICI Bank Ltd. 5.00 2 Bank of Baroda 2.50 The penalties have been imposed in exercise of powers vested in the Reserve Bank under the provisions of Sectio
ଡିସେମ୍ବର 11, 2014
RBI extends Directions issued to Indian Mercantile Co-operative Bank Ltd., Lucknow, Uttar Pradesh till June 11, 2015
The Reserve Bank of India has extended Directions issued to Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of six months from December 12, 2014 to June 11, 2015, subject to review. The bank was under directions since June 12, 2014. According to the Directions, Indian Mercantile Co-operative Bank Ltd., Lucknow cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any li
The Reserve Bank of India has extended Directions issued to Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of six months from December 12, 2014 to June 11, 2015, subject to review. The bank was under directions since June 12, 2014. According to the Directions, Indian Mercantile Co-operative Bank Ltd., Lucknow cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any li
ଡିସେମ୍ବର 09, 2014
RBI cancels Certificate of Registration
The Reserve Bank of India have 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 as the companies have opted to exit from the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. Rajasthan State Industrial
The Reserve Bank of India have 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 as the companies have opted to exit from the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. Rajasthan State Industrial
ଡିସେମ୍ବର 04, 2014
RBI extends Directions on Rupee Co-operative Bank Ltd., Pune
The Reserve Bank of India has issued certain Directions to Rupee Co-operative Bank Ltd., Pune. The directive shall continue to apply for a further period of six months from November 22, 2014 to May 21, 2015, subject to review. The bank was under directions since February 22, 2013 According to the Directions, Rupee Co-operative Bank cannot, from the close of business on February 22, 2013 and without prior approval of the Reserve Bank in writing grant or renew any loans
The Reserve Bank of India has issued certain Directions to Rupee Co-operative Bank Ltd., Pune. The directive shall continue to apply for a further period of six months from November 22, 2014 to May 21, 2015, subject to review. The bank was under directions since February 22, 2013 According to the Directions, Rupee Co-operative Bank cannot, from the close of business on February 22, 2013 and without prior approval of the Reserve Bank in writing grant or renew any loans
ନଭେମ୍ବର 28, 2014
RBI extends Directions issued to United Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh till February 28, 2015
The Reserve Bank of India has extended Directions issued to United Commercial Co-operative Bank Ltd., Kanpur for a further period of three months from December 1, 2014 to February 28, 2015, subject to review. The bank was under directions since June 1, 2013. According to the Directions, United Commercial Co-operative Bank Ltd., Kanpur cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any
The Reserve Bank of India has extended Directions issued to United Commercial Co-operative Bank Ltd., Kanpur for a further period of three months from December 1, 2014 to February 28, 2015, subject to review. The bank was under directions since June 1, 2013. According to the Directions, United Commercial Co-operative Bank Ltd., Kanpur cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any
ନଭେମ୍ବର 26, 2014
RBI extends Directions issued to Shri Swami Samarth Urban Cooperative Bank Ltd., Naldurg (Osmanabad), Maharashtra till February 13, 2015
The Reserve Bank of India has extended Directions issued to Shri Swami Samarth Urban Cooperative Bank Ltd., Naldurg (Osmanabad), Maharashtra for a further period of three months from November 14, 2014 to February 13, 2015, subject to review. The bank was under directions since November 14, 2013. According to the Directions, Shri Swami Samarth Urban Cooperative Bank Ltd., cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and adva
The Reserve Bank of India has extended Directions issued to Shri Swami Samarth Urban Cooperative Bank Ltd., Naldurg (Osmanabad), Maharashtra for a further period of three months from November 14, 2014 to February 13, 2015, subject to review. The bank was under directions since November 14, 2013. According to the Directions, Shri Swami Samarth Urban Cooperative Bank Ltd., cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and adva
ନଭେମ୍ବର 26, 2014
RBI extends Directions issued to Vitthal Nagari Sahakari Bank Ltd., Latur, Maharashtra till May 14, 2015
The Reserve Bank of India has extended Directions issued to Vitthal Nagari Sahakari Bank Ltd., Latur Maharashtra for a further period of six months from November 15, 2014 to May 14, 2015, subject to review. The bank was under directions since November 15, 2013. According to the Directions, Vitthal Nagari Sahakari Bank Ltd., Latur cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any liabi
The Reserve Bank of India has extended Directions issued to Vitthal Nagari Sahakari Bank Ltd., Latur Maharashtra for a further period of six months from November 15, 2014 to May 14, 2015, subject to review. The bank was under directions since November 15, 2013. According to the Directions, Vitthal Nagari Sahakari Bank Ltd., Latur cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any liabi
ନଭେମ୍ବର 24, 2014
RBI extends Directions issued to Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad, Maharashtra till May 03, 2015
The Reserve Bank of India has extended Directions issued to Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad for a further period of six months from November 04, 2014 to May 03, 2015, subject to review. The bank was under directions since May 2012. According to the Directions, Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment,
The Reserve Bank of India has extended Directions issued to Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad for a further period of six months from November 04, 2014 to May 03, 2015, subject to review. The bank was under directions since May 2012. According to the Directions, Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment,
ନଭେମ୍ବର 21, 2014
Lokseva Sahakari Bank Ltd., Pune, Maharashtra under RBI Directions - Extension of validity period
The Reserve Bank of India has notified that the directions imposed on Lokseva Sahakari Bank Ltd., Pune, Maharashtra vide RBI directive dated May 19, 2014 shall continue to apply to the bank for a further period of six months from November 20, 2014 to May 19, 2015 vide directive dated November 12, 2014 subject to review. The other terms and conditions of the directive under reference shall remain unchanged. A copy of the directive dated November 12, 2014 is displayed a
The Reserve Bank of India has notified that the directions imposed on Lokseva Sahakari Bank Ltd., Pune, Maharashtra vide RBI directive dated May 19, 2014 shall continue to apply to the bank for a further period of six months from November 20, 2014 to May 19, 2015 vide directive dated November 12, 2014 subject to review. The other terms and conditions of the directive under reference shall remain unchanged. A copy of the directive dated November 12, 2014 is displayed a
ନଭେମ୍ବର 18, 2014
RBI extends Directions on Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (M.P.)
The Reserve Bank of India has issued certain Directions to Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (M.P.). The directions shall continue to apply for a further period of six months from October 09, 2014 to April 08, 2015, subject to review. According to the Reserve Bank’s directions, Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (M.P.) cannot, from the close of business on April 09, 2010 and without prior approval of Reserve Bank of India in writing
The Reserve Bank of India has issued certain Directions to Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (M.P.). The directions shall continue to apply for a further period of six months from October 09, 2014 to April 08, 2015, subject to review. According to the Reserve Bank’s directions, Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (M.P.) cannot, from the close of business on April 09, 2010 and without prior approval of Reserve Bank of India in writing
ନଭେମ୍ବର 18, 2014
RBI extends Directions on The Bhopal Nagrik Sahakari Bank Ltd., Bhopal
The Reserve Bank of India has issued certain Directions to The Bhopal Nagrik Sahakari Bank Ltd., Bhopal. The directions shall continue to apply for a further period of six months from November 01, 2014 to April 30, 2015, subject to review. According to the Reserve Bank’s directions, The Bhopal Nagrik Sahakari Bank Ltd., Bhopal cannot, from the close of business on October 31, 2012 and without prior approval of the Reserve Bank of India in writing grant or renew any lo
The Reserve Bank of India has issued certain Directions to The Bhopal Nagrik Sahakari Bank Ltd., Bhopal. The directions shall continue to apply for a further period of six months from November 01, 2014 to April 30, 2015, subject to review. According to the Reserve Bank’s directions, The Bhopal Nagrik Sahakari Bank Ltd., Bhopal cannot, from the close of business on October 31, 2012 and without prior approval of the Reserve Bank of India in writing grant or renew any lo
ନଭେମ୍ବର 05, 2014
The C.K.P.Co-operative Bank Ltd., Mumbai, Maharashtra under RBI Directions - Extension of validity period
The Reserve Bank of India has notified that the directions imposed on The C.K.P.Co-operative Bank Ltd., Mumbai, Maharashtra, vide RBI directive dated April 30, 2014 shall continue to apply to the bank for a further period of three months from the close of business on November 1, 2014 vide modified directive dated October 21, 2014 subject to review. The other terms and conditions of the directive under reference shall remain unchanged. A copy of the directive dated Oct
The Reserve Bank of India has notified that the directions imposed on The C.K.P.Co-operative Bank Ltd., Mumbai, Maharashtra, vide RBI directive dated April 30, 2014 shall continue to apply to the bank for a further period of three months from the close of business on November 1, 2014 vide modified directive dated October 21, 2014 subject to review. The other terms and conditions of the directive under reference shall remain unchanged. A copy of the directive dated Oct
ଅକ୍ଟୋବର 30, 2014
Reserve Bank of India cancels the Licence of The Baripada Urban Co-operative Bank Ltd., Baripada (Odisha)
In view of the fact that The Baripada Urban Co-operative Bank Ltd., Baripada (Odisha), had ceased to be solvent, all efforts to revive it had failed, and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India (RBI) delivered the order cancelling its licence to the bank and the same is effective from October 16, 2014. The Registrar of Co-operative Societies, Odisha has also been requested to issue an order for winding up the bank a
In view of the fact that The Baripada Urban Co-operative Bank Ltd., Baripada (Odisha), had ceased to be solvent, all efforts to revive it had failed, and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India (RBI) delivered the order cancelling its licence to the bank and the same is effective from October 16, 2014. The Registrar of Co-operative Societies, Odisha has also been requested to issue an order for winding up the bank a
ଅକ୍ଟୋବର 28, 2014
RBI extends Directions on Baranagar Co-operative Bank Ltd., Baranagar, Kolkata
The Reserve Bank of India has extended Directions issued to Baranagar Co-operative Bank Ltd., Baranagar, Kolkata, West Bengal. The directions will continue to apply to the bank for a further period of three months from October 30, 2014 to January 29, 2015, subject to review. The Reserve Bank had initially placed the bank under directions for six months on July 30, 2013 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 Baranagar Co-operative Bank Ltd., Baranagar, Kolkata, West Bengal. The directions will continue to apply to the bank for a further period of three months from October 30, 2014 to January 29, 2015, subject to review. The Reserve Bank had initially placed the bank under directions for six months on July 30, 2013 due to its very precarious financial position and the validity of which was subsequently extended on
ଅକ୍ଟୋବର 28, 2014
RBI extends Directions on The Panihati Co-operative Bank Ltd., Kolkata
The Reserve Bank of India has extended directions for a further period of six months from October 24, 2014 imposed on The Panihati Co-operative Bank Ltd., Panihati, Kolkata, West Bengal. The directions will continue to apply to the bank until April 23, 2015, subject to review. The Reserve Bank had first placed the bank under directions for six months on April 24, 2014 due to its very precarious financial position. According to the Reserve Bank’s directions, The Paniha
The Reserve Bank of India has extended directions for a further period of six months from October 24, 2014 imposed on The Panihati Co-operative Bank Ltd., Panihati, Kolkata, West Bengal. The directions will continue to apply to the bank until April 23, 2015, subject to review. The Reserve Bank had first placed the bank under directions for six months on April 24, 2014 due to its very precarious financial position. According to the Reserve Bank’s directions, The Paniha
ଅକ୍ଟୋବର 22, 2014
RBI extends Directions on Amanath Co-operative Bank Ltd., Bangalore
The Reserve Bank of India has issued certain Directions to Amanath Co-operative Bank Ltd., Bangalore. The directive shall continue to apply for a further period of three months from October 05, 2014 to January 04, 2015, subject to review. According to the Directions, Amanath Co-operative Bank cannot, from the close of business on April 05, 2013 and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur a
The Reserve Bank of India has issued certain Directions to Amanath Co-operative Bank Ltd., Bangalore. The directive shall continue to apply for a further period of three months from October 05, 2014 to January 04, 2015, subject to review. According to the Directions, Amanath Co-operative Bank cannot, from the close of business on April 05, 2013 and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur a
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