The Reserve Bank of India, vide directive CO.DOS.SED.No.S1918/12-22-283/2023-2024  dated June 13, 2023, had placed Sawantwadi Urban Co-operative Bank Ltd., Sawantwadi under Directions for a period of six months from the close of business on June 14, 2023. The validity of the directions was extended from time-to-time, the last being up to March 14, 2024.

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Vaishali Shahari Vikas Co-operative Bank Ltd., Hajipur, Dist. Vaishali vide Directive No. DoS(Patna).Co-op.Bk./No.S50/04.01.009/2023-24 dated June 13, 2023, for a period of six months up to close of business on December 14, 2023, as modified from time to time, which were last extended up to close of business on March 14, 2024 vide Directive DOR.MON/D-109/12.28.207/2023-24 dated December 08, 2023. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond close of business on March 14, 2024.

The Reserve Bank of India, vide directive CO.DOS.SED.No.S1917/12.22.212/ 2023-24 dated June 13, 2023, had placed The Rajapur Sahakari Bank Ltd, Mumbai under Directions for a period of six months from the close of business on June 14, 2023 till close of business on December 14, 2023. The validity of the directions was extended from time-to-time, the last being up to March 14, 2024.

Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan was placed under All-Inclusive Directions from close of business on November 09, 2018 for a period of six months’ subject to review, vide Directive dated October 26, 2018. The validity of the directions was last extended vide Directive dated December 08, 2023, for three months up to close of business March 09, 2024, subject to review.

The Reserve Bank of India, vide Directive: LKO.DOS.SED.No.S875/10.03.759/2022-23 dated March 09, 2023 issued under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS), had placed the National Mercantile Co-operative Bank Ltd., Lucknow (U.P)  under Directions from the close of business on March 10, 2023. The validity of these Directions was extended time-to-time, last being up to March 10, 2024.

The Reserve Bank of India, vide directive CO.DOS.SED.No.S8241/12-22-316/2022-2023 dated March 09, 2023, had placed Defence Accounts Cooperative Bank ltd, Pune under Directions from the close of business on March 10, 2023.

The Reserve Bank of India, vide directive CO.DOS.SED.No.S8240/12-22-493/2022-2023 dated March 09, 2023, had placed Pune Sahakari Bank Ltd., Shivajinagar, Pune, Maharashtra under Directions from the close of business on March 10, 2023, for a period of six months. The validity of the directions was extended from time-to-time, the last being up to March 10, 2024.

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Imperial Urban Cooperative Bank Ltd., Jalandhar vide Directive No. CDG.DOS.RSG.No.S1645/16-03-46/2022-23 dated March 9, 2023 for a period of six months up to close of business on September 10, 2023, as modified from time to time which were last extended up to close of business on March 10, 2024. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond close of business on March 10, 2024.

The Reserve Bank of India issued Directions to Ajantha Urban Co-operative Bank Maryadit, Aurangabad, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive No. NGP.DoS.SSM 3.No.S675/15.03.302/2023-2024 dated August 28, 2023, for a period of six months up to the close of business on February 29, 2024.

The Reserve Bank of India, vide Directive LKO.DOS.SED.No.S850/10-03-030/2022-2023 dated March 02, 2023 had placed Banaras Merchantile Co-operative Bank Ltd., Varanasi (U.P) under Directions from the close of business on March 03, 2023 for a period of six months. The validity of the directions was extended up to close of business on March 03, 2024. 

The Reserve Bank of India (RBI), vide order dated February 27, 2024, has cancelled the licence of “Sumerpur Mercantile Urban Cooperative Bank Limited, Sumerpur, Pali, Rajasthan.” Consequently, the bank ceases to carry on banking business, with effect from the close of business on February 28, 2024. The Registrar of Cooperative Societies, Rajasthan has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.

As announced in Statement on Developmental and Regulatory Policies issued as part of Monetary Policy Statement dated August 10, 2023, the Reserve Bank has issued Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions – 2024 to bring clarity, brevity and harmonization to the instructions issued to various supervised entities for submission of returns.

Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Dwarkadas Mantri Nagari Sahakari Bank Ltd, Beed – Withdrawal of Directions

The Reserve Bank of India, vide Directive: LKO.DoS.SED.No.S-381/10.12.359/2023-24 dated August 28, 2023 issued under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS), had placed the Purvanchal Co-operative Bank Ltd., Ghazipur (U.P) under Directions from the close of business on August 29, 2023 and being valid upto close of business on February 29, 2024.

The Reserve Bank of India issued Directions to Thodupuzha Urban Co-operative Bank Ltd, Kerala under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS), vide Directive No. CO.DOS.SED.No.S3361/12-07-005/2022-2023 dated August 23, 2022, from close of business on August 23, 2022, for a period of six months, which were extended from time to time, last being up to February 23, 2024, vide Directive No. DOR.MON.D-94/12.16.051/2023-24 dated November 21, 2023.

The Reserve Bank of India issued Directions to Shankarrao Mohite Patil Sahakari Bank Ltd., Akluj, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive NGP.DOS.SSM 2.No.S1389/15-04-616/2022-2023 dated February 23, 2023, for a period of six months up to August 24, 2023 as modified from time to time which were last extended up to close of business on February 24, 2024 vide Directive DOR.MON/D-88/12.22.275/2023-24 dated November 13, 2023.

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Uravakonda Co-operative Town Bank Ltd., Uravakonda (Anantapur District) vide Directive No. AP.DOS.INSP1.No.S89/03-02-097/2022-2023 dated February 23, 2023, for a period of six months up to the close of business on August 24, 2023 as modified from time to time, which was last extended up to the close of business on February 24, 2024 vide Directive DOR.MON/D-92/12.22.789/2023-24 dated November 15, 2023. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond the close of business on February 24, 2024.

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Shimsha Sahakara Bank Niyamitha, Maddur, Mandya District vide Directive BLR.DOS.SSMS.No.S2174/12-08-295/2022-23 dated February 23, 2023 for a period of six months up to August 24, 2023, as modified from time to time, which were last extended up to close of business on February 24, 2024 vide Directive DOR.MON/D-91/12.23.292/2023-24 dated November 15, 2023.

The Reserve Bank of India, vide Directive: LKO.DOS.SED.No.S842/10.12.133/2022-23 dated February 23, 2023 issued under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS), had placed the HCBL Co-operative Bank Ltd., Lucknow (U.P) under Directions from the close of business on February 24, 2023. The validity of these Directions was extended time-to-time, last being up to February 24, 2024. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), hereby directs that the aforesaid Directions shall continue to apply on to the bank from close of business on February 24, 2024 to close of business on May 24, 2024 as per the Directive DOR.MON.No.D-123/12.28.007/2023-24 dated February 14, 2024, subject to review.

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Limited, Nashik, Maharashtra  vide Directive DCBS.CO.BSD-I/D-7/12.22.395/2017-18 dated May 18, 2018, for a period of six months up to November 18, 2018 as modified from time to time, which were last extended up to February 17, 2024 vide Directive DOR.MON.D-89/12.22.395/2023-24 dated November 15, 2023.

The Reserve Bank of India (RBI), vide order dated February 5, 2024, has cancelled the licence of “Jai Prakash Narayan Nagari Sahakari Bank Ltd., Basmathnagar, Maharashtra”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on February 6,2024. The Commissioner for Co-operation and Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka vide Directive DOS.CO.UCB.BSD-III.D-2/12.23.283/2019-20 dated January 02, 2020, for a period of six months up to July 10, 2020, as modified from time to time, which were last extended up to the close of business on February 10, 2024 vide Directive DOR.MON/D-86/12.23.283/2023-24 dated November 07, 2023. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond February 10, 2024.

The Reserve Bank of India issued Directions to The Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive No.CO.DOS.SED.No.S2698/12-07-005/2022-2023 dated July 27, 2022, for a period of six months up to the close of business on January 28, 2023, as modified from time to time, which were last extended up to the close of business on January 28, 2024 vide Directive DOR.MON.D-82/12.22.603/2023-24 dated October 25, 2023.

The Reserve Bank of India issued Directions to Jaiprakash Narayan Nagari Sahakari Bank Ltd., Basmatnagar under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive CO.DOS.SED.No.S2723/12-07-005/2022-2023 dated July 28, 2022, for a period of six months up to January 29, 2023, as modified from time to time, which were last extended up to January 29, 2024 vide Directive DOR.MON.D-84/12.22.663/2023-24 dated October 27, 2023.

The Reserve Bank of India issued Directions to The Karmala Urban Co-operative Bank Limited, Solapur, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive CO.DOS.SED.No.S2729/12-07-005/2022-2023 dated July 29, 2022, for a period of six months up to the close of business on  January 29, 2023, as modified from time to time which were last extended up to the close of business on January 29, 2024 vide Directive DOR.MON.No.D-85/12.22.130/2023-24 dated October 27, 2023

It is hereby informed that the Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Durga Co-operative Urban Bank Ltd., Vijayawada vide Directive No. HYD.DOS.INSP4.No.S241/15-36-070/2022-2023 dated July 28, 2022 for a period of six months upto January 29, 2023 as modified from time to time, which were last extended up to close of business on January 29, 2024 vide Directive No. DOR.MON/D-81/12.24.020/2023-24 dated October 25, 2023.

The Reserve Bank of India, vide Directive DOS.CO.OCCD/185569/12.28.007/ 2021-22 dated January 28, 2022 issued under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS), had placed the Indian Mercantile Co-operative Bank Ltd., Lucknow (U.P)  under Directions from the close of business on January 28, 2022. The validity of these Directions was extended time-to-time, last being up to January 27, 2024.

As part of the continuing engagement with the Directors of UCBs, the Reserve Bank of India (RBI) held a Conference of Directors of select UCBs of Southern Zone in Hyderabad, on January 24, 2024. The theme of the Conference was ‘Governance in UCBs: Combating Cyber Threats and Enhancing Resilience’. The Conference was also attended by senior RBI officials including Executive Director and other officers of Department of Supervision, Department of Regulation and Regional Directors of RBI. Reserve Bank has previously engaged with the Directors of large UCBs in Mumbai in August 2023.

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Suri Friends' Union Co-operative Bank Limited, Suri (West Bengal) vide Directive No. CO.DOS.SED.No.S-2574/12-07-005/2022-23 dated July 21, 2022 for a period of six months up to January 22, 2023 as modified from time to time, which were last extended up to January 22, 2024 vide Directive No. DOR.MON.D-78/12.29.046/ 2023-24 dated October 18, 2023.

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The National Co-operative Bank Ltd., Bangalore vide Directive No. BLR.DOS.SSMS.No.S836/09-01-112/2023-2024 dated July 24, 2023, for a period of six months up to close of business on January 24, 2024. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond close of business on January 24, 2024.

The Reserve Bank of India issued Directions to Saibaba Janata Sahakari Bank Limited, Latur, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive CO.DOS.SED.No.S2598/12-07-005/2022-2023 dated July 21, 2022, for a period of six months up to the close of business on January 22, 2023, as modified from time to time, which was last extended up to the close of business on January 22, 2024 vide Directive DOR.MON.D-79/12.22.705/2023-24 dated October 18, 2023.

The Reserve Bank of India, vide directive DCBS.CO.BSD-I/D-5/12.22.039/2017-18 dated April 17, 2018, had placed The City Co-operative Bank Ltd, Mumbai under Directions from the close of business on April 17, 2018. The validity of the directions was extended from time-to-time, the last being up to close of business on January 16, 2024.

The Reserve Bank of India (RBI), vide order dated January 12, 2024, has cancelled the license of “Shree Mahalaxmi Mercantile Co-operative Bank Ltd., Dabhoi”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on January 12, 2024. Registrar of Cooperative Societies, Gujarat has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.

The Reserve Bank of India (RBI), vide order dated January 12, 2024, has cancelled the licence of “The Hiriyur Urban Co-operative Bank Ltd., Hiriyur”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on January 12, 2024. The Registrar of Cooperative Societies, Karnataka has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.

The Reserve Bank of India, vide directive DEL.DOS.EXG_SSM No. S515/12-10- 013/2022-23 dated July 07, 2022, had placed Ramgarhia Co-operative Bank Ltd, New Delhi – under Directions from the close of business on July 08, 2022, for a period of six months up to January 08, 2023, the validity of which was last extended up to January 08, 2024 vide directive DOR.MON.D-75/12.28.115/2023-24 dated October 06, 2023.

The Reserve Bank of India, vide directive CO.DOS.DSD.No.S2322/12-07-005/2022-23 dated July 07, 2022, had placed Sangli Sahakari Bank Limited, Mumbai, Maharashtra under Directions from the close of business on July 08, 2022, for a period of six months. The validity of the directions was extended from time-to-time, the last being up to January 08, 2024.

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹16,000 Crore (Face Value).

The Reserve Bank of India (RBI), vide order dated December 29, 2023, has cancelled the licence of “Musiri Urban Co-operative Bank Ltd., Musiri”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on December 29, 2023. The Registrar of Cooperative Societies, Tamil Nadu has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.

The Reserve Bank of India (RBI), vide order dated December 29, 2023, has cancelled the licence of Adarsh Mahila Nagari Sahakari Bank Maryadit, Aurangabad, Maharashtra. Consequently, the bank ceases to carry on banking business, with effect from the close of business on December 29, 2023. The Commissioner and Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.

Reserve Bank of India (RBI) is satisfied to notify The Botad Peoples Co-operative Bank Ltd., Botad as a non-banking institution under Section 36A (2) read with Section 56 of the Banking Regulation Act, 1949. Accordingly, RBI has cancelled the licence dated February 17, 1998, granted to The Botad Peoples Co-operative Bank Ltd., Botad to carry on banking business in India under Section 22 read with Section 56 of the Banking

The Reserve Bank of India, had issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Raigad Sahakari Bank Limited, Mumbai vide Directive No.CO.DoS.DSD.No.S2469/12-07-005/2022-23 dated July 15, 2022, for a period of six months. The validity of the Directions was extended from time to time, the last being up to January 18, 2024.

The Reserve Bank of India, vide directive CO.DOS.SED.No.S1917/12.22.212/2023-24 dated June 13, 2023, had placed The Rajapur Sahakari Bank Ltd, Mumbai under Directions for a period of six months from the close of business on June 14, 2023 till close of business on December 14, 2023

The Reserve Bank of India, vide directive CO.DOS.SED.No.S1918/12-22-283/2023-2024 dated June 13, 2023, had placed Sawantwadi Urban Co-operative Bank Ltd., Sawantwadi under Directions for a period of six months from the close of business on June 14, 2023.

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Vaishali Shahari Vikas Co-operative Bank Ltd. Hajipur, Bihar vide Directive No. DoS(Patna).Co-op.Bk./No. S50/04.01.009/2023-24 dated June 13, 2023, for a period of six months up to close of business on December 14, 2023. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond close of business on December 14, 2023.

The Reserve Bank of India, vide directive CO.DOS.SED.No.S8241/12-22-316/2022-2023 dated March 09, 2023, had placed Defence Accounts Cooperative Bank ltd, Pune under Directions from the close of business on March 10, 2023.

2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the aforesaid Directions shall continue to apply to the bank from close of business on December 10, 2023 till close of business on March 10, 2024 as per the directive DOR.MON.D-104/12.22.262/2023-24 dated December 07, 2023, subject to review.

The Reserve Bank of India, vide directive CO.DOS.SED.No.S8240/12-22-493/2022-2023 dated March 09, 2023, had placed Pune Sahakari Bank Ltd., Shivajinagar, Pune, Maharashtra under Directions from the close of business on March 10, 2023, for a period of six months.

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Dwarakadas Mantri Nagari Sahakari Bank Ltd., Beed, Maharashtra vide Directive DoS.CO.NSUCBs-West/D-4/S3706/12.07.005/2021-22 dated March 09, 2022 for a period of six months up to September 09, 2022, as modified from time to time, which were last extended up to close of business on December 09, 2023 vide Directive DOR.MON/D-69/12.22.613/2023-24 dated September 06, 2023. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond the close of business on December 09, 2023.

Sikar Urban Co-operative Bank Limited, Sikar, Rajasthan was placed under All-Inclusive Directions from close of business on November 09, 2018 for a period of six months, subject to review, vide Directive dated October 26, 2018. The validity of the directions was last extended vide Directive dated September 07, 2023 for three months up to close of business on December 09, 2023, subject to review.

The Reserve Bank of India, vide Directive LKO.DOS.SED.No.S842/10-12-133/2022-2023 dated February 23, 2023 issued under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS), had placed the HCBL Co-operative Bank Ltd., Lucknow (U.P.) under Directions from the close of business on February 24, 2023. The validity of these Directions was extended time-to-time, last being up to November 24, 2023.

Today, the Reserve Bank of India (RBI), vide order dated December 6, 2023, has cancelled the licence of “Urban Co-operative Bank Limited, Sitapur, Uttar Pradesh”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on December 07, 2023.