Press Releases - Regulating Co-operative Banking - ଆରବିଆଇ - Reserve Bank of India
ପ୍ରେସ୍ ପ୍ରକାଶନୀ
ଅକ୍ଟୋବର 01, 1999
RBI cancels licence of Manipur Industrial Co-operative Bank Ltd.
The Reserve Bank of India has cancelled the licence issued to the Manipur Industrial Co-operative Bank Ltd., Imphal 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 prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Chhaya Raje ManagerPress Release :
The Reserve Bank of India has cancelled the licence issued to the Manipur Industrial Co-operative Bank Ltd., Imphal 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 prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Chhaya Raje ManagerPress Release :
ପିଡିଏଫ (
ଅକ୍ଟୋବର 01, 1999
RBI cancels licence of The Nizamabad Cooperative Town Bank Ltd.
The Reserve Bank of India has cancelled the licence issued to the Nizamabad Cooperative Town Bank Ltd., Nizamabad, 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 prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Chhaya Raje ManagerPr
The Reserve Bank of India has cancelled the licence issued to the Nizamabad Cooperative Town Bank Ltd., Nizamabad, 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 prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Chhaya Raje ManagerPr
ସେପ୍ଟେମ୍ବର 17, 1999
RBI cancels licence of Solapur Zilla Mahila Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence issued to the Solapur Zilla Mahila Sahakari Bank Ltd., 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 prohibited it among other thing, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P.V. Sadanandan Asstt. M
The Reserve Bank of India has cancelled the licence issued to the Solapur Zilla Mahila Sahakari Bank Ltd., 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 prohibited it among other thing, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P.V. Sadanandan Asstt. M
ସେପ୍ଟେମ୍ବର 08, 1999
Moratorium on Sikkim Bank Ltd.
The Central Government on an application made by the Reserve Bank of India has issued orders of moratorium on the Sikkim Bank Ltd. for the period from the close of business on September 4, 1999 upto and inclusive of December 3, 1999 under the provisions of Sub-Section (2) of Section 45 of the Banking Regulation Act, 1949.The moratorium has been declared in public interest, in the interest of the depositors and the banking system.Rupambara Padhi ManagerPress Release :
The Central Government on an application made by the Reserve Bank of India has issued orders of moratorium on the Sikkim Bank Ltd. for the period from the close of business on September 4, 1999 upto and inclusive of December 3, 1999 under the provisions of Sub-Section (2) of Section 45 of the Banking Regulation Act, 1949.The moratorium has been declared in public interest, in the interest of the depositors and the banking system.Rupambara Padhi ManagerPress Release :
ସେପ୍ଟେମ୍ବର 04, 1999
Moratorium on Sikkim Bank Ltd.
The Central Government on an application made by the Reserve Bank of India has issued orders of moratorium on the Sikkim Bank Ltd. for the period from the close of business on September 4, 1999 upto and inclusive of December 3, 1999 under the provisions of Sub-Section (2) of Section 45 of the Banking Regulation Act, 1949.The moratorium has been declared in public interest, in the interest of the depositors and the banking system. Rupambara Padhi ManagerPress Release :
The Central Government on an application made by the Reserve Bank of India has issued orders of moratorium on the Sikkim Bank Ltd. for the period from the close of business on September 4, 1999 upto and inclusive of December 3, 1999 under the provisions of Sub-Section (2) of Section 45 of the Banking Regulation Act, 1949.The moratorium has been declared in public interest, in the interest of the depositors and the banking system. Rupambara Padhi ManagerPress Release :
ଅଗଷ୍ଟ 18, 1999
RBI cancels licence of Siddharth Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence issued to the Siddharth Sahakari Bank Ltd., 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 prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Chhaya Raje ManagerPress Release :
The Reserve Bank of India has cancelled the licence issued to the Siddharth Sahakari Bank Ltd., 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 prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Chhaya Raje ManagerPress Release :
ଅଗଷ୍ଟ 16, 1999
RBI refuses licence to Asansol Peoples' Co-operative Bank Ltd.
The Reserve Bank of India has rejected the application submitted by Asansol Peoples' Co-operative Bank Ltd., Asansol, District Burdwan, West Bengal for grant of licence to carry on banking business. Thus, 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 cheque
The Reserve Bank of India has rejected the application submitted by Asansol Peoples' Co-operative Bank Ltd., Asansol, District Burdwan, West Bengal for grant of licence to carry on banking business. Thus, 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 cheque
ଅଗଷ୍ଟ 14, 1999
M/s. Kirloskar Investment & Finance Ltd. Prohibited from accepting deposits
The Reserve Bank of India has prohibited M/s. Kirloskar Investments & Finance Ltd., having its registered office at Unity Building, J. C. Road, Bangalore-560 002 with immediate effect from accepting public deposits from any person, in any form whether by way of fresh deposits or renewal of the existing deposits or otherwise, until further order. The company has violated various provisions of the Reserve Bank of India Act, 1934.The Reserve Bank of India has also di
The Reserve Bank of India has prohibited M/s. Kirloskar Investments & Finance Ltd., having its registered office at Unity Building, J. C. Road, Bangalore-560 002 with immediate effect from accepting public deposits from any person, in any form whether by way of fresh deposits or renewal of the existing deposits or otherwise, until further order. The company has violated various provisions of the Reserve Bank of India Act, 1934.The Reserve Bank of India has also di
ଅଗଷ୍ଟ 14, 1999
RBI refuses licence to Jhargram Peoples' Co-operative Bank Ltd.
The Reserve Bank of India has rejected the application submitted by Jhargram Peoples' Co-operative Bank Ltd., Jhargram for grant of licence 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 cheque, draft, order or otherwise.Rupamba
The Reserve Bank of India has rejected the application submitted by Jhargram Peoples' Co-operative Bank Ltd., Jhargram for grant of licence 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 cheque, draft, order or otherwise.Rupamba
ଅଗଷ୍ଟ 11, 1999
RBI refuses licence to The Bhanjanagar Co-operative Urban Bank Ltd.
The Reserve Bank of India has rejected the application submitted by The Bhanjanagar Co-operative Urban Bank Ltd., Bhajanagar, District Ganjam, Orissa for grant of licence to carry on banking business. The bank is precluded from transacting the business of banking as defined in the Banking Regulations 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 cheque, d
The Reserve Bank of India has rejected the application submitted by The Bhanjanagar Co-operative Urban Bank Ltd., Bhajanagar, District Ganjam, Orissa for grant of licence to carry on banking business. The bank is precluded from transacting the business of banking as defined in the Banking Regulations 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 cheque, d
ଅଗଷ୍ଟ 05, 1999
RBI cancels licence of Parishad Cooperative Bank Ltd.
The Reserve Bank of India has cancelled the licence issued to the Parishad Cooperative Bank Ltd., New Delhi 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 prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Rupambara Padhi ManagerPress Release : 1999
The Reserve Bank of India has cancelled the licence issued to the Parishad Cooperative Bank Ltd., New Delhi 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 prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Rupambara Padhi ManagerPress Release : 1999
ଜୁଲାଇ 28, 1999
RBI cancels licence of Sami Taluka Nagarik Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence of the Sami Taluka Nagrik Sahakari Bank Ltd., Sami, Dist. Mehsana, Gujarat State, to carry on banking business. The bank is precluded from transacting the business of "banking" as defined in the Banking Regulations 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.
The Reserve Bank of India has cancelled the licence of the Sami Taluka Nagrik Sahakari Bank Ltd., Sami, Dist. Mehsana, Gujarat State, to carry on banking business. The bank is precluded from transacting the business of "banking" as defined in the Banking Regulations 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.
ଜୁଲାଇ 19, 1999
RBI cancels licence of Nagrik Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence issued to the Nagrik Sahakari Bank Ltd., Sagar to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulations Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Rupambara Padhi ManagerPress Release : 1999/2000/98
The Reserve Bank of India has cancelled the licence issued to the Nagrik Sahakari Bank Ltd., Sagar to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulations Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Rupambara Padhi ManagerPress Release : 1999/2000/98
ଜୁଲାଇ 09, 1999
RBI denies licence to Oudh Sahakari Bank Ltd.
The Reserve Bank of India has rejected the license application of the Oudh Sahakari Bank Ltd., Lucknow, 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). Thus, it will not be allowed, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Rupambara Padhi
The Reserve Bank of India has rejected the license application of the Oudh Sahakari Bank Ltd., Lucknow, 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). Thus, it will not be allowed, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Rupambara Padhi
ଜୁନ 15, 1999
RBI grants 12 new licences to foreign banks in 1998-99
The Reserve Bank of India has issued further five licences for the year 1998-99 for opening branches by foreign banks in India as underName of bank Centre1. Citibank N AAhmedabad2. American Express BankBangalore3. ANZ Grindlays Bank PIcPune4. Bank of Nova ScotiaHyderabad5. Standard Chartered Bank BangaloreThe Reserve Bank of India had earlier during the year issued 7 licences which included two maiden branches of new foreign banks and 5 licences for additional branche
The Reserve Bank of India has issued further five licences for the year 1998-99 for opening branches by foreign banks in India as underName of bank Centre1. Citibank N AAhmedabad2. American Express BankBangalore3. ANZ Grindlays Bank PIcPune4. Bank of Nova ScotiaHyderabad5. Standard Chartered Bank BangaloreThe Reserve Bank of India had earlier during the year issued 7 licences which included two maiden branches of new foreign banks and 5 licences for additional branche
ଜୁନ 03, 1999
Moratorium on Sikkim Bank Ltd. extended
The Central Government on the recommendation of the Reserve Bank of India and in partial modification of the Government's earlier Notification dated March 8, 1999 extended the period of moratorium in respect of Sikkim Bank Ltd., for a further period up to and inclusive of September 3, 1999. The notification has been issued on June 2, 1999.Rupambara Padhi ManagerPress Release : 1998-99/1499
The Central Government on the recommendation of the Reserve Bank of India and in partial modification of the Government's earlier Notification dated March 8, 1999 extended the period of moratorium in respect of Sikkim Bank Ltd., for a further period up to and inclusive of September 3, 1999. The notification has been issued on June 2, 1999.Rupambara Padhi ManagerPress Release : 1998-99/1499
ମଇ 27, 1999
RBI sets up High Power Committee on Urban Co-operative Banks
The Reserve Bank of India has set up a High Power Committee to review the performance of urban co-operative banks and suggest necessary measures to strengthen them. The Committee will consist of :1.Shri K. Madhava Rao, IAS (Retd.) Ex. Chief Secretary Government of Andhra Pradesh HyderabadChairman 2.Shri Y.H. Malegam Director, Central Board, RBI Chartered Accountant S.B. Billimoria & Co. MumbaiMember 3.Shri Subhash S.Lalla, IAS Commissioner for Co-operation and Reg
The Reserve Bank of India has set up a High Power Committee to review the performance of urban co-operative banks and suggest necessary measures to strengthen them. The Committee will consist of :1.Shri K. Madhava Rao, IAS (Retd.) Ex. Chief Secretary Government of Andhra Pradesh HyderabadChairman 2.Shri Y.H. Malegam Director, Central Board, RBI Chartered Accountant S.B. Billimoria & Co. MumbaiMember 3.Shri Subhash S.Lalla, IAS Commissioner for Co-operation and Reg
ମଇ 25, 1999
RBI denies licence to Harisiddha Cooperative Bank Ltd.
The Reserve Bank of India has rejected the licence application of the Harisiddha Cooperative Bank Ltd., Ahmedabad, Gujarat State, to carry on banking business in India. The company is precluded from transacting the business of 'banking' as defined in the Banking Regulations Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be allowed, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.
The Reserve Bank of India has rejected the licence application of the Harisiddha Cooperative Bank Ltd., Ahmedabad, Gujarat State, to carry on banking business in India. The company is precluded from transacting the business of 'banking' as defined in the Banking Regulations Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be allowed, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.
ମଇ 13, 1999
RBI denies licence to The Relief Mercantile Cooperative Bank Ltd.
The Reserve Bank of India has rejected the licence application of the Relief Mercantile Co-operative Bank Ltd., Ahmedabad, Gujarat State, to carry on banking business in India. The company 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 allowed, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or oth
The Reserve Bank of India has rejected the licence application of the Relief Mercantile Co-operative Bank Ltd., Ahmedabad, Gujarat State, to carry on banking business in India. The company 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 allowed, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or oth
ମଇ 07, 1999
RBI denies licence to Ellisbridge Co-operative Bank
The Reserve Bank of India has rejected the licence application of Ellisbridge Co-operative Bank Ltd., Ahmedabad, Gujarat State, to carry on banking business in India. The company 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 otherwis
The Reserve Bank of India has rejected the licence application of Ellisbridge Co-operative Bank Ltd., Ahmedabad, Gujarat State, to carry on banking business in India. The company 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 otherwis
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