Press Releases - Regulating Co-operative Banking - ଆରବିଆଇ - Reserve Bank of India
ପ୍ରେସ୍ ପ୍ରକାଶନୀ
ସେପ୍ଟେମ୍ବର 23, 2014
Shree Chhatrapati Urban Co.op Bank Ltd., Pimple Nilakh,District - Pune (Maharashtra) under RBI Directions
Effective close of business on September 12, 2014, the Reserve Bank of India has issued certain Directions to Shree Chhatrapati Urban Co.op Bank Ltd., Pimple Nilakh, District - Pune (Maharashtra). Under the directions, depositors will be allowed to withdraw only ` 1,000/- (Rupees one thousand only) of the total balance in every savings bank or current account or any other deposit account. The bank has also been restrained from granting or renewing any loans and advanc
Effective close of business on September 12, 2014, the Reserve Bank of India has issued certain Directions to Shree Chhatrapati Urban Co.op Bank Ltd., Pimple Nilakh, District - Pune (Maharashtra). Under the directions, depositors will be allowed to withdraw only ` 1,000/- (Rupees one thousand only) of the total balance in every savings bank or current account or any other deposit account. The bank has also been restrained from granting or renewing any loans and advanc
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ସେପ୍ଟେମ୍ବର 11, 2014
RBI cancels Licence of The Mirzapur Urban Co-operative Bank Ltd., Mirzapur, Uttar Pradesh
The Reserve Bank of India has, on September 1, 2014, cancelled the licence of The Mirzapur Urban Co-operative Bank Ltd., Mirzapur, Uttar Pradesh 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' as defined in Section 5(b) of the Banking Regulation Act, 1949 (A
The Reserve Bank of India has, on September 1, 2014, cancelled the licence of The Mirzapur Urban Co-operative Bank Ltd., Mirzapur, Uttar Pradesh 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' as defined in Section 5(b) of the Banking Regulation Act, 1949 (A
ସେପ୍ଟେମ୍ବର 10, 2014
Reserve Bank Cancels the Licence of The Merchants’ Co-operative Bank Ltd., Dhule (Maharashtra)
In view of the fact that The Merchants’ Co-operative Bank Ltd., Dhule (Maharashtra), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra 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 the close of business as on August 30, 2014. The Registrar of Co-operative Soci
In view of the fact that The Merchants’ Co-operative Bank Ltd., Dhule (Maharashtra), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra 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 the close of business as on August 30, 2014. The Registrar of Co-operative Soci
ସେପ୍ଟେମ୍ବର 03, 2014
RBI issues Directions on The Choundeshwari Sahakari Bank Ltd., Ichalkaranji, Kolhapur, Maharashtra
The Reserve Bank of India has issued certain Directions to The Choundeshwari Sahakari Bank Ltd., Ichalkaranji, Kolhapur, Maharashtra 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. As per the directions a copy of which is displayed on the bank's premises for perusal by interested members of the public, the bank
The Reserve Bank of India has issued certain Directions to The Choundeshwari Sahakari Bank Ltd., Ichalkaranji, Kolhapur, Maharashtra 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. As per the directions a copy of which is displayed on the bank's premises for perusal by interested members of the public, the bank
ସେପ୍ଟେମ୍ବର 03, 2014
RBI cancels Licence of The Merchant’s Co-operative Bank Ltd., Dist. Dhule, Maharashtra
The Reserve Bank of India has, on August 27, 2014, cancelled the licence of The Merchant’s Co-operative Bank Ltd., Dist. Dhule, 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' as defined in Section 5(b) of the Banking Regulation Act, 1949 (As app
The Reserve Bank of India has, on August 27, 2014, cancelled the licence of The Merchant’s Co-operative Bank Ltd., Dist. Dhule, 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' as defined in Section 5(b) of the Banking Regulation Act, 1949 (As app
ଅଗଷ୍ଟ 28, 2014
RBI cancels Certificate of Registration of M/s Bambino Finance Private Ltd., Hyderabad
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Bambino Finance Private Ltd. 3-6, Road No.15, Saroornagar, Hyderabad-500035 B-09.00281 September 20, 2005 July 23, 2
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Bambino Finance Private Ltd. 3-6, Road No.15, Saroornagar, Hyderabad-500035 B-09.00281 September 20, 2005 July 23, 2
ଅଗଷ୍ଟ 22, 2014
Shatabdi Mahila Sahakari Bank Ltd., District -Thane (Maharashtra) under RBI Directions
Effective close of business on August 20, 2014, the Reserve Bank of India has issued certain Directions to Shatabdi Mahila Sahakari Bank Ltd., District -Thane (Maharashtra). Under the directions, depositors will be allowed to withdraw only ` 1,000/- (Rupees one thousand only) of the total balance in every savings bank or current account or any other deposit account. The bank has also been restrained from granting or renewing any loans and advances, making any investme
Effective close of business on August 20, 2014, the Reserve Bank of India has issued certain Directions to Shatabdi Mahila Sahakari Bank Ltd., District -Thane (Maharashtra). Under the directions, depositors will be allowed to withdraw only ` 1,000/- (Rupees one thousand only) of the total balance in every savings bank or current account or any other deposit account. The bank has also been restrained from granting or renewing any loans and advances, making any investme
ଅଗଷ୍ଟ 21, 2014
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Rupee Co-operative Bank Ltd. Dist.-Pune, Maharashtra
It is hereby notified for the information of public that in continuation to our directive UBD.CO.BSD I/D-28/12.22.218/2012-13 dated February 21, 2013 read with directive UBD.CO.BSD-I/D-04/12.22.218/2013-14 dated August 14, 2013 and UBD.CO.BSD-I/D-23/12.22.218/2013-14 dated February 03, 2014 the validity period of directions imposed on Rupee Co-operative Bank Ltd., Pune, Maharashtra has been extended for a further period of three months from August 22, 2014 to November
It is hereby notified for the information of public that in continuation to our directive UBD.CO.BSD I/D-28/12.22.218/2012-13 dated February 21, 2013 read with directive UBD.CO.BSD-I/D-04/12.22.218/2013-14 dated August 14, 2013 and UBD.CO.BSD-I/D-23/12.22.218/2013-14 dated February 03, 2014 the validity period of directions imposed on Rupee Co-operative Bank Ltd., Pune, Maharashtra has been extended for a further period of three months from August 22, 2014 to November
ଅଗଷ୍ଟ 12, 2014
Dilip Urban Co-operative Bank Ltd., Barshi, Solapur (Maharashtra) under RBI Directions
Effective close of business on August 8, 2014, the Reserve Bank of India has issued certain Directions to Dilip Urban Co-operative Bank Ltd., Barshi, Solapur, Maharashtra. Under the directions, depositors will be allowed to withdraw only `1,000/- (Rupees one thousand only) of the total balance in, every savings bank or current account or any other deposit account. The bank has also been restrained from granting or renewing any loans and advances, making any investment
Effective close of business on August 8, 2014, the Reserve Bank of India has issued certain Directions to Dilip Urban Co-operative Bank Ltd., Barshi, Solapur, Maharashtra. Under the directions, depositors will be allowed to withdraw only `1,000/- (Rupees one thousand only) of the total balance in, every savings bank or current account or any other deposit account. The bank has also been restrained from granting or renewing any loans and advances, making any investment
ଅଗଷ୍ଟ 06, 2014
RBI extends the Validity Period of Directions on Mirzapur Urban Co-operative Bank Ltd., Mirzapur
The Reserve Bank of India has notified that the validity period of directions imposed on Mirzapur Urban Co-operative Bank Ltd., Mirzapur, Uttar Pradesh as on February 11, 2014 has been extended further as per modified directive dated July 31, 2014 for a period of one month i.e. from August 12, 2014 to September 11, 2014, subject to review. The other terms and conditions remain unchanged. A copy of the modified directive notifying the above modification is displayed at
The Reserve Bank of India has notified that the validity period of directions imposed on Mirzapur Urban Co-operative Bank Ltd., Mirzapur, Uttar Pradesh as on February 11, 2014 has been extended further as per modified directive dated July 31, 2014 for a period of one month i.e. from August 12, 2014 to September 11, 2014, subject to review. The other terms and conditions remain unchanged. A copy of the modified directive notifying the above modification is displayed at
ଅଗଷ୍ଟ 01, 2014
RBI cancels the Licence of The Vasavi Co-operative Urban Bank Ltd., Hyderabad (Telangana)
The Reserve Bank of India (RBI) has, on July 14, 2014 cancelled the licence of The Vasavi Co-operative Urban Bank Ltd., Hyderabad (Telangana). The order has been made effective from the close of business as on July 14, 2014. The order was issued in view of the fact that the bank had ceased to be solvent, all efforts to revive had failed and the depositors were being inconvenienced by continued uncertainty. The Registrar of Co-operative Societies, Telangana State has a
The Reserve Bank of India (RBI) has, on July 14, 2014 cancelled the licence of The Vasavi Co-operative Urban Bank Ltd., Hyderabad (Telangana). The order has been made effective from the close of business as on July 14, 2014. The order was issued in view of the fact that the bank had ceased to be solvent, all efforts to revive had failed and the depositors were being inconvenienced by continued uncertainty. The Registrar of Co-operative Societies, Telangana State has a
ଅଗଷ୍ଟ 01, 2014
RBI modifies Directive imposed on Indian Mercantile Co-operative Bank Ltd., Lucknow
The Reserve Bank of India has notified that in partial modification of its directive it has, on July 30, 2014, relaxed the directions imposed on Indian Mercantile Co-operative Bank Ltd. Now, depositors will be allowed to withdraw up to ` 1,00,000/- (Rupees One Lakh only) per depositor (including ` 1000/- wherever already allowed) subject to the conditions specified in the modified directive. All other provisions of the earlier directive dated June 4, 2014 shall remain
The Reserve Bank of India has notified that in partial modification of its directive it has, on July 30, 2014, relaxed the directions imposed on Indian Mercantile Co-operative Bank Ltd. Now, depositors will be allowed to withdraw up to ` 1,00,000/- (Rupees One Lakh only) per depositor (including ` 1000/- wherever already allowed) subject to the conditions specified in the modified directive. All other provisions of the earlier directive dated June 4, 2014 shall remain
ଜୁଲାଇ 28, 2014
RBI cancels Certificate of Registration of M/s Insilco Merchants Private Limited
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) under the powers conferred on it under clause (a) of Section 45-I of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Insilco Merchants Private Limited 11, India Exchange Place, 1st Floor, Kolkata-700001 B-05.05827 August 25, 2003 Jul
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) under the powers conferred on it under clause (a) of Section 45-I of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Insilco Merchants Private Limited 11, India Exchange Place, 1st Floor, Kolkata-700001 B-05.05827 August 25, 2003 Jul
ଜୁଲାଇ 21, 2014
Non Scheduled State Coops can meet SLR by March 31, 2017
On a review, it has been decided to calibrate the transition to the revised dispensation relating to the form and manner of maintenance of Statutory Liquidity Ratio (SLR) assets for Non-scheduled State cooperative banks (StCBs) and all Central cooperative banks (CCBs) (StCBs/CCBs). These banks have now been granted time up to March 31, 2017 for complying with the revised norms in a phased manner as below: Date Investment in approved securities as percentage of NDTL Ma
On a review, it has been decided to calibrate the transition to the revised dispensation relating to the form and manner of maintenance of Statutory Liquidity Ratio (SLR) assets for Non-scheduled State cooperative banks (StCBs) and all Central cooperative banks (CCBs) (StCBs/CCBs). These banks have now been granted time up to March 31, 2017 for complying with the revised norms in a phased manner as below: Date Investment in approved securities as percentage of NDTL Ma
ଜୁଲାଇ 11, 2014
RBI cancels Certificate of Registration of M/s Avyaya Finance Ltd
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the company cannot transact 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. M/s Avyaya Finance Ltd. Flat
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the company cannot transact 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. M/s Avyaya Finance Ltd. Flat
ଜୁନ 19, 2014
Reserve Bank Cancels the Licence of Shri Shivaji Sahakari Bank Ltd., Gadhinglaj, Kolhapur, (Maharashtra)
In view of the fact that Shri Shivaji Sahakari Bank Ltd, Gadhinglaj, Kolhapur (Maharashtra), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra 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 the close of business as on June 14, 2014. The Registrar of Co-operativ
In view of the fact that Shri Shivaji Sahakari Bank Ltd, Gadhinglaj, Kolhapur (Maharashtra), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra 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 the close of business as on June 14, 2014. The Registrar of Co-operativ
ଜୁନ 17, 2014
RBI cancels Licence of Shri Shivaji Sahakari Bank Ltd, Gadhinglaj, Kolhapur, Maharastra
The Reserve Bank of India has cancelled the licence of Shri Shivaji Sahakari Bank Ltd, Gadhinglaj, Kolhapur, Maharastra 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. The licence has been cancelled vide the Reserve Bank’s order UBD.CO.BSD I/LC No. 09/12.22.249/2013-14, dated June 12, 2014. As such, the bank is precluded forthwith from tran
The Reserve Bank of India has cancelled the licence of Shri Shivaji Sahakari Bank Ltd, Gadhinglaj, Kolhapur, Maharastra 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. The licence has been cancelled vide the Reserve Bank’s order UBD.CO.BSD I/LC No. 09/12.22.249/2013-14, dated June 12, 2014. As such, the bank is precluded forthwith from tran
ଜୁନ 16, 2014
RBI penalises Pithoragarh Jila Sahakari Bank Ltd
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on Pithoragarh Jila Sahakari Bank Ltd., Pithoragarh, Uttarakhand in exercise of powers vested in it under the provisions of Section 47(A) read with Section 46 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for non-adherence to Know Your Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of India had issued a sh
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on Pithoragarh Jila Sahakari Bank Ltd., Pithoragarh, Uttarakhand in exercise of powers vested in it under the provisions of Section 47(A) read with Section 46 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for non-adherence to Know Your Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of India had issued a sh
ଜୁନ 13, 2014
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Indian Mercantile Co-operative Bank Ltd., Lucknow
The Reserve Bank of India is satisfied that in the interest of the public it is necessary to issue certain directions to Indian Mercantile Co-operative Bank Ltd., Lucknow. 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 Indian Mercantile Co-operative
The Reserve Bank of India is satisfied that in the interest of the public it is necessary to issue certain directions to Indian Mercantile Co-operative Bank Ltd., Lucknow. 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 Indian Mercantile Co-operative
ମଇ 26, 2014
United Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh under RBI Directions - Extension of Validity Period of Directions
It is hereby notified for the information of the public that the validity period of directions imposed on United Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh as on May 24, 2013 has been extended further as per modified directive for a period of six months from June 1, 2014 to November 30, 2014, subject to review. The other terms and conditions remain unchanged. A copy of the directive dated May 12, 2014 notifying the above modification is displayed at the
It is hereby notified for the information of the public that the validity period of directions imposed on United Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh as on May 24, 2013 has been extended further as per modified directive for a period of six months from June 1, 2014 to November 30, 2014, subject to review. The other terms and conditions remain unchanged. A copy of the directive dated May 12, 2014 notifying the above modification is displayed at the
ମଇ 23, 2014
The Merchants’ Co-operative Bank Ltd., Dhule, Maharashtra under RBI Directions
It is hereby notified for the information of the public that validity period of directions imposed on The Merchants’ Co-operative Bank Ltd., Dhule, as on December 12, 2012 has been extended for a further period of six months from June 13, 2014 to December 12, 2014 as per modified directive dated May 15, 2014 subject to review. The other terms and conditions remain unchanged. A copy of the direction dated May 15, 2014 notifying the above modification is displayed at th
It is hereby notified for the information of the public that validity period of directions imposed on The Merchants’ Co-operative Bank Ltd., Dhule, as on December 12, 2012 has been extended for a further period of six months from June 13, 2014 to December 12, 2014 as per modified directive dated May 15, 2014 subject to review. The other terms and conditions remain unchanged. A copy of the direction dated May 15, 2014 notifying the above modification is displayed at th
ମଇ 23, 2014
Lokseva Sahakari Bank Ltd. (Dist.-Pune, Maharashtra) under RBI Directions
Effective close of business on May 20, 2014, the Reserve Bank of India has issued certain Directions to Lokseva Sahakari Bank Ltd. Dist. Pune, Maharashtra. Under the directions, depositors will be allowed to withdraw only ` 1,000/- (Rupees one thousand only) of the total balance held in their savings bank or current account or any other deposit account. The bank has also been restrained from granting or renewing any loans and advances, making any investment, incurring
Effective close of business on May 20, 2014, the Reserve Bank of India has issued certain Directions to Lokseva Sahakari Bank Ltd. Dist. Pune, Maharashtra. Under the directions, depositors will be allowed to withdraw only ` 1,000/- (Rupees one thousand only) of the total balance held in their savings bank or current account or any other deposit account. The bank has also been restrained from granting or renewing any loans and advances, making any investment, incurring
ମଇ 16, 2014
Reserve Bank rejects the Licence Application of Birbhum District Central Co-operative Bank Ltd. in West Bengal
In view of the fact that the Birbhum DCCB has failed to comply with relaxed licensing conditions set by the Reserve Bank of India by September 30, 2012, in consultation with NABARD, the Reserve Bank of India, on May 15, 2014 delivered the order rejecting licence application to the above mentioned bank for conducting banking business in India. The Registrar of Co-operative Societies, West Bengal has been requested to issue an order for winding up of the bank and appoin
In view of the fact that the Birbhum DCCB has failed to comply with relaxed licensing conditions set by the Reserve Bank of India by September 30, 2012, in consultation with NABARD, the Reserve Bank of India, on May 15, 2014 delivered the order rejecting licence application to the above mentioned bank for conducting banking business in India. The Registrar of Co-operative Societies, West Bengal has been requested to issue an order for winding up of the bank and appoin
ମଇ 16, 2014
Reserve Bank rejects the Licence Application of Buldana, Nagpur and Wardha DCCBs in Maharashtra
In view of the fact that the Buldhana, Nagpur and Wardha DCCBs have failed to comply with relaxed licensing conditions set by the Reserve Bank of India by September 30, 2012, in consultation with NABARD, the Reserve Bank of India, on May 15, 2014 delivered the order rejecting licence application to the above mentioned banks for conducting banking business in India. The Registrar of Co-operative Societies (RCS), Maharashtra has been requested to issue an order for wind
In view of the fact that the Buldhana, Nagpur and Wardha DCCBs have failed to comply with relaxed licensing conditions set by the Reserve Bank of India by September 30, 2012, in consultation with NABARD, the Reserve Bank of India, on May 15, 2014 delivered the order rejecting licence application to the above mentioned banks for conducting banking business in India. The Registrar of Co-operative Societies (RCS), Maharashtra has been requested to issue an order for wind
ମଇ 09, 2014
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - The Suri Friends Union Co-operative Bank Ltd. Birbhum, West Bengal
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 read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India has issued certain Directions to The Suri Friends Union Co-operative Bank Ltd. Birbhum, West Bengal, whereby, as from the close of business on April 7, 2014, the aforesaid bank shall not, without prior approval in writing f
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 read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India has issued certain Directions to The Suri Friends Union Co-operative Bank Ltd. Birbhum, West Bengal, whereby, as from the close of business on April 7, 2014, the aforesaid bank shall not, without prior approval in writing f
ମଇ 05, 2014
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - The C.K.P.Co-operative 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 The C.K.P. Co-operative Bank Ltd., Mumbai, Maharashtra, whereby, as from the close of business on May 02, 2014, the aforesaid bank shall not, withou
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 The C.K.P. Co-operative Bank Ltd., Mumbai, Maharashtra, whereby, as from the close of business on May 02, 2014, the aforesaid bank shall not, withou
ଅପ୍ରେଲ 23, 2014
Reserve Bank rejects the application for grant of licence of Karnataka Rajya Kaigarika Vanijya Sahakara Bank Niyamitha, Bangalore, (Karnataka)
The Reserve Bank of India [the Bank] delivered the order rejecting the application dated May 23, 1966 for grant of licence submitted by Karnataka Rajya Kaigarika Vanijya Sahakara Bank Niyamitha, Bangalore (Karnataka) [the bank], to carry on banking business in India under Section 22 of the Banking Regulation Act, 1949(AACS) [the Act] after being satisfied that the bank does not fulfil the conditions as required in terms of Section 22(3) of the Act. The order is effect
The Reserve Bank of India [the Bank] delivered the order rejecting the application dated May 23, 1966 for grant of licence submitted by Karnataka Rajya Kaigarika Vanijya Sahakara Bank Niyamitha, Bangalore (Karnataka) [the bank], to carry on banking business in India under Section 22 of the Banking Regulation Act, 1949(AACS) [the Act] after being satisfied that the bank does not fulfil the conditions as required in terms of Section 22(3) of the Act. The order is effect
ଅପ୍ରେଲ 21, 2014
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) Shri Shivaji Sahakari Bank Ltd., Gadhinglaj, Kolhapur, Maharashtra
It is hereby notified for the information of the public that validity period of directions imposed on Shri Shivaji Sahakari Bank Ltd., Gadhinglaj, Kolhapur vide our directives UBD.CO.BSD-I.No.D-61/12.22.249/2011-12 dated October 24, 2011 has been extended for a further period of six months from April 25, 2014 to October 24, 2014 vide our modified directive UBD.CO.BSD-I.No.D-30/12.22.249/2013-14 dated April 16, 2014 subject to review. The other terms and conditions rem
It is hereby notified for the information of the public that validity period of directions imposed on Shri Shivaji Sahakari Bank Ltd., Gadhinglaj, Kolhapur vide our directives UBD.CO.BSD-I.No.D-61/12.22.249/2011-12 dated October 24, 2011 has been extended for a further period of six months from April 25, 2014 to October 24, 2014 vide our modified directive UBD.CO.BSD-I.No.D-30/12.22.249/2013-14 dated April 16, 2014 subject to review. The other terms and conditions rem
ଅପ୍ରେଲ 04, 2014
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Shri Ganesh Sahakari Bank Ltd., Nashik, Maharashtra
It is hereby notified for the information of the public that validity period of directions imposed on Shree Ganesh Sahakari Bank Ltd., Nashik , vide our directives UBD.CO.BSD-I.No.D-39/12.22.435/2012-13 dated April 01, 2013 has been extended for a further period of six months from April 02, 2014 to October 01, 2014 vide our modified directive UBD.CO.BSD-I.No.D-26/12.22.435/2013-14 dated March 27, 2014 subject to review. The other terms and conditions remain unchanged.
It is hereby notified for the information of the public that validity period of directions imposed on Shree Ganesh Sahakari Bank Ltd., Nashik , vide our directives UBD.CO.BSD-I.No.D-39/12.22.435/2012-13 dated April 01, 2013 has been extended for a further period of six months from April 02, 2014 to October 01, 2014 vide our modified directive UBD.CO.BSD-I.No.D-26/12.22.435/2013-14 dated March 27, 2014 subject to review. The other terms and conditions remain unchanged.
ଅପ୍ରେଲ 02, 2014
RBI decides to grant “in-principle” approval for banking licences
The Reserve Bank of India (RBI) has decided today to grant “in-principle” approval to two applicants viz., IDFC Limited and Bandhan Financial Services Private Limited, to set up banks under the Guidelines on Licensing of New Banks in the Private Sector issued on February 22, 2013 (Guidelines). These two applicants were also recommended as suitable for grant of “in-principle” approval by the High Level Advisory Committee (HLAC) set up by the RBI. The HLAC had also reco
The Reserve Bank of India (RBI) has decided today to grant “in-principle” approval to two applicants viz., IDFC Limited and Bandhan Financial Services Private Limited, to set up banks under the Guidelines on Licensing of New Banks in the Private Sector issued on February 22, 2013 (Guidelines). These two applicants were also recommended as suitable for grant of “in-principle” approval by the High Level Advisory Committee (HLAC) set up by the RBI. The HLAC had also reco
ଅପ୍ରେଲ 02, 2014
RBI penalises Vyavasayik Evam Audyogik Sahakari Bank Ltd., Morena, Madhya Pradesh
The Reserve Bank of India has imposed a monetary penalty of Rs. 5.00 lakh (Rupees five lakh only) on Vyavasayik Evam Audyogik Sahakari Bank Ltd., Morena, Madhya Pradesh 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 section 20 of the BR Act 1949 (AACS), the directives/instructions/guidelines of the Reserve Bank on operat
The Reserve Bank of India has imposed a monetary penalty of Rs. 5.00 lakh (Rupees five lakh only) on Vyavasayik Evam Audyogik Sahakari Bank Ltd., Morena, Madhya Pradesh 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 section 20 of the BR Act 1949 (AACS), the directives/instructions/guidelines of the Reserve Bank on operat
ମାର୍ଚ୍ଚ 28, 2014
RBI keeps Normal Ways and Means Advances to the State Governments Unchanged for Fiscal 2014-15
The aggregate Normal Ways and Means Advances (WMA) limit for the State Governments inclusive of the Union Territory of Puducherry is placed at ` 15,360 crore for the year 2014-15. The limits are unchanged from the last revision effected on November 11, 2013. Other terms and conditions of the Scheme would also remain unchanged. The decision has been taken after a review of the State-wise current limits of Normal WMA. Ajit Prasad Assistant General Manager Press Release
The aggregate Normal Ways and Means Advances (WMA) limit for the State Governments inclusive of the Union Territory of Puducherry is placed at ` 15,360 crore for the year 2014-15. The limits are unchanged from the last revision effected on November 11, 2013. Other terms and conditions of the Scheme would also remain unchanged. The decision has been taken after a review of the State-wise current limits of Normal WMA. Ajit Prasad Assistant General Manager Press Release
ମାର୍ଚ୍ଚ 24, 2014
RBI penalises Dharmapuri District Central Co-operative Bank Ltd., Tamil Nadu
The Reserve Bank of India has imposed a monetary penalty of Rs. 5.00 lakh (Rupees five lakh only) on Dharmapuri District Central Co-operative Bank Ltd., Tamil Nadu, in exercise of powers vested in it under the provisions of Section 47(A) read with Section 46 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for non-adherence to Know Your Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of India had issued
The Reserve Bank of India has imposed a monetary penalty of Rs. 5.00 lakh (Rupees five lakh only) on Dharmapuri District Central Co-operative Bank Ltd., Tamil Nadu, in exercise of powers vested in it under the provisions of Section 47(A) read with Section 46 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for non-adherence to Know Your Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of India had issued
ମାର୍ଚ୍ଚ 24, 2014
RBI penalises National Central Co-operative Bank Ltd., Bettiah
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on National Central Co-operative Bank Ltd., Bettiah, Bihar in exercise of powers vested in it under the provisions of Section 47(A) read with Section 46 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for non-adherence to Know Your Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of India had issued a show cau
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on National Central Co-operative Bank Ltd., Bettiah, Bihar in exercise of powers vested in it under the provisions of Section 47(A) read with Section 46 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for non-adherence to Know Your Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of India had issued a show cau
ମାର୍ଚ୍ଚ 19, 2014
RBI penalises Amreli Nagarik Sahakari Bank Ltd, Dist. Amreli (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five Lakh only) on Amreli Nagarik Sahakari Bank Ltd, Dist. Amreli (Gujarat), in exercise of the powers vested on 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 RBI guidelines regarding issuance of at-par cheques/pay orders against receipt of cash. The Reserve Bank of India ha
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five Lakh only) on Amreli Nagarik Sahakari Bank Ltd, Dist. Amreli (Gujarat), in exercise of the powers vested on 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 RBI guidelines regarding issuance of at-par cheques/pay orders against receipt of cash. The Reserve Bank of India ha
ମାର୍ଚ୍ଚ 19, 2014
RBI penalises The District Co-operative Central Bank Ltd., Mahabubnagar, Andhra Pradesh
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on The District Cooperative Central Bank Ltd., Mahabubnagar, Andhra Pradesh in exercise of powers vested in it under the provisions of Section 47(A) read with Section 46 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for non-adherence to Know Your Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of India had
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on The District Cooperative Central Bank Ltd., Mahabubnagar, Andhra Pradesh in exercise of powers vested in it under the provisions of Section 47(A) read with Section 46 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for non-adherence to Know Your Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of India had
ମାର୍ଚ୍ଚ 10, 2014
RBI imposes penalty on Imperial Urban Co-operative Bank Ltd., Faizabad, Uttar Pradesh
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five lakh only) on the Imperial Urban Co-operative Bank Ltd, Faizabad, Uttar Pradesh, in exercise of the 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 the following violations: Incorrect reporting of information in the Form I relating to CRR/ SLR and incorrect comput
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five lakh only) on the Imperial Urban Co-operative Bank Ltd, Faizabad, Uttar Pradesh, in exercise of the 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 the following violations: Incorrect reporting of information in the Form I relating to CRR/ SLR and incorrect comput
ମାର୍ଚ୍ଚ 10, 2014
RBI imposes penalty on Adarsh Mahila Mercantile Co-operative Bank Ltd., Muzaffarnagar, Uttar Pradesh
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five lakh only) on the Adarsh Mahila Mercantile Co-operative Bank Ltd., Muzaffarnagar, Uttar Pradesh, in exercise of the 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 the following violations: Violation of exposure norms on single and group borrowers. Violation of re
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five lakh only) on the Adarsh Mahila Mercantile Co-operative Bank Ltd., Muzaffarnagar, Uttar Pradesh, in exercise of the 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 the following violations: Violation of exposure norms on single and group borrowers. Violation of re
ମାର୍ଚ୍ଚ 10, 2014
Reserve Bank of India cancels the Licence of The Urban Co-operative Bank Ltd. (Bhubaneswar)
The Urban Co-operative Bank Ltd., Bhubaneswar was granted a licence by the Reserve Bank of India on September 7, 1987 to conduct banking business under Section 22 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies). The Urban Co-operative Bank Ltd., Bhubaneswar, Odisha has now ceased to be solvent, all efforts to revive it having failed. The depositors being inconvenienced by the continued uncertainty, the Reserve Bank of India delivered the
The Urban Co-operative Bank Ltd., Bhubaneswar was granted a licence by the Reserve Bank of India on September 7, 1987 to conduct banking business under Section 22 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies). The Urban Co-operative Bank Ltd., Bhubaneswar, Odisha has now ceased to be solvent, all efforts to revive it having failed. The depositors being inconvenienced by the continued uncertainty, the Reserve Bank of India delivered the
ମାର୍ଚ୍ଚ 03, 2014
RBI imposes penalty on The Chanasma Nagrik Sahakari Bank Ltd., Chanasma, District Patan (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five Lakh) on The Chanasma Nagrik Sahakari Bank Ltd., Chanasma, District Patan (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 of Know Your Customer (KYC) and Anti Money Laundering (AML) guidelines. The Reserve Bank of India had is
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five Lakh) on The Chanasma Nagrik Sahakari Bank Ltd., Chanasma, District Patan (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 of Know Your Customer (KYC) and Anti Money Laundering (AML) guidelines. The Reserve Bank of India had is
ମାର୍ଚ୍ଚ 03, 2014
RBI imposes penalty on Bijnor Urban Co-operative Bank Ltd., Bijnor, Uttar Pradesh
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees Five lakh only) on the Bijnor Urban Co-operative Bank Ltd., Bijnor, Uttar Pradesh, in exercise of the 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 the following violations: Sanctioning Loans and Advances to Directors and their Relatives – Violation of Para 5 of Mas
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees Five lakh only) on the Bijnor Urban Co-operative Bank Ltd., Bijnor, Uttar Pradesh, in exercise of the 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 the following violations: Sanctioning Loans and Advances to Directors and their Relatives – Violation of Para 5 of Mas
ଫେବୃଆରୀ 21, 2014
RBI imposes penalty on Janata Urban Co-operative Bank Ltd, Wai, Satara
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees Five Lakh only) on the Janata Urban Co-operative Bank Ltd, Wai, Satara 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 of India on unsecured advances, loans and advances to the firms in which
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees Five Lakh only) on the Janata Urban Co-operative Bank Ltd, Wai, Satara 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 of India on unsecured advances, loans and advances to the firms in which
ଫେବୃଆରୀ 20, 2014
Cancellation of licence to carry on banking business in India under Section 22 (4) of the B.R.Act, 1949 (AACS) - The Municipal Co-op. Bank Ltd., Ahmedabad
In view of the fact that The Municipal Co-operative Bank Ltd., Ahmedabad (Gujarat) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat 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 the close of business of February 03, 2014. The Registrar of Co-operative Societies (
In view of the fact that The Municipal Co-operative Bank Ltd., Ahmedabad (Gujarat) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat 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 the close of business of February 03, 2014. The Registrar of Co-operative Societies (
ଫେବୃଆରୀ 20, 2014
RBI penalises The Amravati Zilla Mahila Sahakari Bank Ltd., Amravati
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees Five Lakh only) on The Amravati Zilla Mahila Sahakari Bank Ltd., Amravati, 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 the guidelines issued by Reserve Bank of India on diversion of funds. The Reserve Bank of India had issued a show cause
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees Five Lakh only) on The Amravati Zilla Mahila Sahakari Bank Ltd., Amravati, 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 the guidelines issued by Reserve Bank of India on diversion of funds. The Reserve Bank of India had issued a show cause
ଫେବୃଆରୀ 20, 2014
RBI penalises The Mahila Vikas Co-operative Bank Ltd., Ahmedabad (Gujarat)
The Reserve Bank of India, in exercise of powers vested in it under the provisions of 47A (1) (b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on the Mahila Vikas Co-operative Bank Ltd., Ahmedabad for violation of the Banking Regulation Act, 1949 (AACS)/RBI directives/instructions relating to non-adherence of KYC/AML guidelines. The Reserve Bank
The Reserve Bank of India, in exercise of powers vested in it under the provisions of 47A (1) (b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on the Mahila Vikas Co-operative Bank Ltd., Ahmedabad for violation of the Banking Regulation Act, 1949 (AACS)/RBI directives/instructions relating to non-adherence of KYC/AML guidelines. The Reserve Bank
ଫେବୃଆରୀ 18, 2014
RBI penalises Kisan Nagari Sahakari Bank Maryadit, Parbhani
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees Five Lakh only) on Kisan Nagari Sahakari Bank Maryadit, Parbhani 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 the provisions of Section 35(2) and 46(1) of the Banking Regulation Act relating to non disclosure of Bank Guarantee issued and t
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees Five Lakh only) on Kisan Nagari Sahakari Bank Maryadit, Parbhani 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 the provisions of Section 35(2) and 46(1) of the Banking Regulation Act relating to non disclosure of Bank Guarantee issued and t
ଫେବୃଆରୀ 18, 2014
RBI penalises The Aurangabad District Industrial and Urban Co-operative Bank Ltd., Aurangabad
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees Five Lakh only) on The Aurangabad District Industrial and Urban Co-operative Bank Ltd., Aurangabad 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 the directives issued by Reserve Bank of India on KYC/AML guidelines, non-introduction of Concurr
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees Five Lakh only) on The Aurangabad District Industrial and Urban Co-operative Bank Ltd., Aurangabad 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 the directives issued by Reserve Bank of India on KYC/AML guidelines, non-introduction of Concurr
ଫେବୃଆରୀ 14, 2014
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Rupee Co-operative Bank Ltd. Dist.-Pune, Maharashtra
It is hereby notified for the information of public that in continuation to our directive UBD.CO.BSDI/D-28/12.22.218/2012-13 dated February 21, 2013 read with directive UBD.CO .BSD-1/D-04/12.22.218/2013-14 dated August 14, 2013 the validity period of directions imposed on Rupee Co-operative Bank Ltd., Pune, Maharashtra has been extended for a further period of six months from February 22, 2014 to August 21, 2014 vide our modified directive UBD.CO.BSD-1/D-23/12.22.218/
It is hereby notified for the information of public that in continuation to our directive UBD.CO.BSDI/D-28/12.22.218/2012-13 dated February 21, 2013 read with directive UBD.CO .BSD-1/D-04/12.22.218/2013-14 dated August 14, 2013 the validity period of directions imposed on Rupee Co-operative Bank Ltd., Pune, Maharashtra has been extended for a further period of six months from February 22, 2014 to August 21, 2014 vide our modified directive UBD.CO.BSD-1/D-23/12.22.218/
ଜାନୁଆରୀ 15, 2014
RBI penalises Rajkot Nagarik Sahakari Bank Ltd., Rajkot (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five Lakh) on the Rajkot Nagarik Sahakari Bank Ltd., Rajkot (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 violations relating to income recognition and asset classification norms, violation of Section 6 (1) (j) of the Act, non compliance t
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five Lakh) on the Rajkot Nagarik Sahakari Bank Ltd., Rajkot (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 violations relating to income recognition and asset classification norms, violation of Section 6 (1) (j) of the Act, non compliance t
ଜାନୁଆରୀ 15, 2014
The Gandhidham Mercantile Co-operative Bank Ltd, Dist Kutch (Gujarat) - Penalised
The Reserve Bank of India has imposed a monetary penalty of `2.00 lakh (Rupees Two Lakh only) on The Gandhidham Mercantile Co-operative Bank Ltd, Dist. Kutch (Gujarat), in exercise of the powers vested on 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 operational instructions issued under Section 36(1) of B.R. Act, 1949 (AACS). The Reserve Bank of Indi
The Reserve Bank of India has imposed a monetary penalty of `2.00 lakh (Rupees Two Lakh only) on The Gandhidham Mercantile Co-operative Bank Ltd, Dist. Kutch (Gujarat), in exercise of the powers vested on 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 operational instructions issued under Section 36(1) of B.R. Act, 1949 (AACS). The Reserve Bank of Indi
ରିଜର୍ଭ ବ୍ୟାଙ୍କ ଅଫ୍ ଇଣ୍ଡିଆ ମୋବାଇଲ୍ ଆପ୍ଲିକେସନ୍ ଇନଷ୍ଟଲ୍ କରନ୍ତୁ ଏବଂ ଲାଟେଷ୍ଟ ନିଉଜ୍ କୁ ଶୀଘ୍ର ଆକ୍ସେସ୍ ପାଆନ୍ତୁ!
ପେଜ୍ ଅନ୍ତିମ ଅପଡେଟ୍ ହୋଇଛି: ଜୁଲାଇ 16, 2024
