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ଜାନୁଆରୀ 01, 2009
RBI cancels Licence of Shri P.K. Anna Patil Janata Sahakari Bank Ltd., Maharashtra
The Reserve Bank of India (RBI) has, on December 29, 2008, cancelled the licence of Shri P.K.Anna Patil Janata Sahakari Bank Ltd., District Nandurbar, Maharashtra. The licence has been cancelled as the bank 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 has requested the Registrar of Co-operative Societies, Mah
The Reserve Bank of India (RBI) has, on December 29, 2008, cancelled the licence of Shri P.K.Anna Patil Janata Sahakari Bank Ltd., District Nandurbar, Maharashtra. The licence has been cancelled as the bank 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 has requested the Registrar of Co-operative Societies, Mah
ଡିସେମ୍ବର 18, 2008
Reserve Bank Cancels the Licence of Goregaon Co-operative Urban Bank Ltd., Goregaon, District Raigad, Maharashtra
In view of the fact that the Goregaon Co-operative Urban Bank Ltd., Goregaon, District Raigad, 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 delivered the order cancelling its licence to the bank after the close of business on December 2, 2008. The Registrar of Co-operative Societies, Mah
In view of the fact that the Goregaon Co-operative Urban Bank Ltd., Goregaon, District Raigad, 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 delivered the order cancelling its licence to the bank after the close of business on December 2, 2008. The Registrar of Co-operative Societies, Mah
ଡିସେମ୍ବର 17, 2008
Reserve Bank Cancels the Licence of Shri Siddhi Venkatesh Sahakari Bank Ltd., Jalgaon, Maharashtra
In view of the fact that Shri Siddhi Venkatesh Sahakari Bank Ltd., Jalgaon, 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 delivered the order canceling its licence to the bank after the close of business on December 06, 2008. The Registrar of Co-operative Societies, Maharashtra has also b
In view of the fact that Shri Siddhi Venkatesh Sahakari Bank Ltd., Jalgaon, 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 delivered the order canceling its licence to the bank after the close of business on December 06, 2008. The Registrar of Co-operative Societies, Maharashtra has also b
ଡିସେମ୍ବର 16, 2008
Reserve Bank Cancels the Licence of Chalisgaon People's Co-operative Bank Ltd.,
Chalisgaon, District Jalgaon, Maharashtra
In view of the fact that Chalisgaon People's Co-operaftive Bank Ltd., Chalisgaon, District Jalgaon, 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 delivered the order cancelling its licence to the bank after the close of business on December 03, 2008. The Registrar of Co-operative Societies
In view of the fact that Chalisgaon People's Co-operaftive Bank Ltd., Chalisgaon, District Jalgaon, 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 delivered the order cancelling its licence to the bank after the close of business on December 03, 2008. The Registrar of Co-operative Societies
ଡିସେମ୍ବର 16, 2008
Reserve Bank Cancels the Licence of Faizpur Janata Sahakari Bank Ltd., Faizpur, District Jalgaon, Maharashtra
In view of the fact that Faizpur Janata Sahakari Bank Ltd., Faizpur, District Jalgaon, 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 delivered the order canceling its licence to the bank after the close of business on December 02, 2008. The Registrar of Co-operative Societies, Maharashtra
In view of the fact that Faizpur Janata Sahakari Bank Ltd., Faizpur, District Jalgaon, 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 delivered the order canceling its licence to the bank after the close of business on December 02, 2008. The Registrar of Co-operative Societies, Maharashtra
ଡିସେମ୍ବର 11, 2008
Licence of Siddhpur Commercial Co-operative Bank Ltd., Siddhpur - Cancelled
The Reserve Bank of India delivered the order cancelling the licence of Siddhpur Commercial Co-operative Bank Ltd., Siddhpur after the close of business on December 10, 2008. The bank 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 Registrar of Co-operative Societies, Gujarat has also been requested to issue an order for winding
The Reserve Bank of India delivered the order cancelling the licence of Siddhpur Commercial Co-operative Bank Ltd., Siddhpur after the close of business on December 10, 2008. The bank 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 Registrar of Co-operative Societies, Gujarat has also been requested to issue an order for winding
ଡିସେମ୍ବର 11, 2008
Licence of Bhavnagar Mercantile Co-operative Bank Ltd., Bhavnagar - Cancelled
The Reserve Bank of India delivered the order cancelling the licence of Bhavnagar Mercantile Co-operative Bank Ltd. Bhavnagar, after the close of business on December 10, 2008. The bank had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors of the bank were being inconvenienced by continued uncertainty. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an ord
The Reserve Bank of India delivered the order cancelling the licence of Bhavnagar Mercantile Co-operative Bank Ltd. Bhavnagar, after the close of business on December 10, 2008. The bank had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors of the bank were being inconvenienced by continued uncertainty. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an ord
ନଭେମ୍ବର 21, 2008
Licence of Shree Vardhaman Co-operative Bank Ltd., Bhavnagar - Cancelled
The Reserve Bank of India delivered the order cancelling the licence of the Shree Vardhaman Co-operative Bank Ltd., Bhavnagar after the close of business on November 20, 2008.The bank 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 Registrar of Co-operative Societies, Gujarat has also been requested to issue an order for winding
The Reserve Bank of India delivered the order cancelling the licence of the Shree Vardhaman Co-operative Bank Ltd., Bhavnagar after the close of business on November 20, 2008.The bank 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 Registrar of Co-operative Societies, Gujarat has also been requested to issue an order for winding
ନଭେମ୍ବର 20, 2008
Licence of The Ankleshwar Nagarik Sahakari Bank Ltd., Ankleshwar - Cancelled
The Reserve Bank of India delivered the order cancelling the licence of The Ankleshwar Nagarik Sahakari Bank Ltd., Ankleshwar, after the close of business on November 18, 2008. The bank had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors of the bank were being inconvenienced by continued uncertainty. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an ord
The Reserve Bank of India delivered the order cancelling the licence of The Ankleshwar Nagarik Sahakari Bank Ltd., Ankleshwar, after the close of business on November 18, 2008. The bank had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors of the bank were being inconvenienced by continued uncertainty. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an ord
ନଭେମ୍ବର 11, 2008
Reserve Bank Cancels the Licence of The Achalpur Urban Co-operative Bank Ltd, Amravati, (Maharashtra)
In view of the fact that The Achalpur Urban Co-operative Bank Ltd, Amravati, (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence to the bank after the close of business on November 4, 2008. The Registrar of Co-operative Societies, Maharash
In view of the fact that The Achalpur Urban Co-operative Bank Ltd, Amravati, (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence to the bank after the close of business on November 4, 2008. The Registrar of Co-operative Societies, Maharash
ନଭେମ୍ବର 07, 2008
Reserve Bank Cancels the Licence of Nutan Sahakari Bank Ltd., Vadodra
In view of the fact that Nutan Sahakari Bank Ltd., Vadodra, 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 delivered the order cancelling its licence to the bank after the close of business on November 05, 2008. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an order for
In view of the fact that Nutan Sahakari Bank Ltd., Vadodra, 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 delivered the order cancelling its licence to the bank after the close of business on November 05, 2008. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an order for
ଅକ୍ଟୋବର 27, 2008
Licence of Shri S.K.Patil Co-operative Bank Ltd., Kurundwad - Cancelled
The Reserve Bank of India delivered the order cancelling the licence of the Shri S.K.Patil Co-operative Bank Ltd., Kurundwad, District Kolhapur, Maharashtra after the close of business on October 25, 2008. The bank had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors of the bank were being inconvenienced by continued uncertainty. The Registrar of Co-operative Societies (RCS), Maharash
The Reserve Bank of India delivered the order cancelling the licence of the Shri S.K.Patil Co-operative Bank Ltd., Kurundwad, District Kolhapur, Maharashtra after the close of business on October 25, 2008. The bank had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors of the bank were being inconvenienced by continued uncertainty. The Registrar of Co-operative Societies (RCS), Maharash
ଅକ୍ଟୋବର 03, 2008
Licence application of The Bhadrak Co-op. Urban Bank Ltd. Bhadrak - Rejected
In view of the fact that The Bhadrak Co-op. Urban Bank Ltd, Bhadrak, Orissa had ceased to be solvent, all efforts to revive it had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order rejecting its application for issue of licence to carry on banking business after the close of business on September 25, 2008. The Registrar of Co-operative Societies, Orissa has also been requested to issue an order
In view of the fact that The Bhadrak Co-op. Urban Bank Ltd, Bhadrak, Orissa had ceased to be solvent, all efforts to revive it had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order rejecting its application for issue of licence to carry on banking business after the close of business on September 25, 2008. The Registrar of Co-operative Societies, Orissa has also been requested to issue an order
ସେପ୍ଟେମ୍ବର 24, 2008
Licence of Rohe Ashtami Sahakari Urban Bank Ltd., Roha, Dist. Raigad Cancelled
The Reserve Bank of India cancelled the licence of The Rohe Ashtami Sahakari Urban Bank Ltd., Roha, Dist. Raigad, Maharashtra on September 9, 2008. The bank 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 Registrar of Co-operative Societies has also been requested to issue an order for winding up the bank and appoint a liqui
The Reserve Bank of India cancelled the licence of The Rohe Ashtami Sahakari Urban Bank Ltd., Roha, Dist. Raigad, Maharashtra on September 9, 2008. The bank 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 Registrar of Co-operative Societies has also been requested to issue an order for winding up the bank and appoint a liqui
ସେପ୍ଟେମ୍ବର 17, 2008
Licence of Sant Janabai Nagari Sahakari Bank Ltd, Gangakhed, Parbhani Cancelled
The Reserve Bank of India cancelled the licence of Sant Janabai Nagari Sahakari Bank Ltd, Gangakhed, Parbhani, Maharashtra, on September 5, 2008. The bank had ceased to be solvent and 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 Commissioner for Co-operation and Registrar of Co-operative Societies, Maharashtra, has also been requisitioned to issu
The Reserve Bank of India cancelled the licence of Sant Janabai Nagari Sahakari Bank Ltd, Gangakhed, Parbhani, Maharashtra, on September 5, 2008. The bank had ceased to be solvent and 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 Commissioner for Co-operation and Registrar of Co-operative Societies, Maharashtra, has also been requisitioned to issu
ସେପ୍ଟେମ୍ବର 12, 2008
Licence of Dyanopasak Urban Co-operative Bank Ltd., Parbhani Cancelled
The Reserve Bank of India cancelled the licence of Dyanopasak Urban Co-operative Bank Ltd., Parbhani, Maharashtra on August 12, 2008. The bank had ceased to be solvent and 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 Commissioner for Co-operation and Registrar of Co-operative Societies, Maharashtra, has also been requisitioned to issue an order f
The Reserve Bank of India cancelled the licence of Dyanopasak Urban Co-operative Bank Ltd., Parbhani, Maharashtra on August 12, 2008. The bank had ceased to be solvent and 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 Commissioner for Co-operation and Registrar of Co-operative Societies, Maharashtra, has also been requisitioned to issue an order f
ଅଗଷ୍ଟ 29, 2008
Reserve Bank Cancels the Licence of
Miraj Urban Co-operative Bank Limited, Miraj, Maharashtra
In view of the fact that Miraj Urban Co-operative Bank Limited, Miraj, 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 delivered the order cancelling its licence to the bank after the close of business on August 26, 2008. The Registrar of Co-operative Societies, Maharashtra has also been re
In view of the fact that Miraj Urban Co-operative Bank Limited, Miraj, 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 delivered the order cancelling its licence to the bank after the close of business on August 26, 2008. The Registrar of Co-operative Societies, Maharashtra has also been re
ଅଗଷ୍ଟ 20, 2008
Reserve Bank Cancels the Licence of The Anubhav Co-operative Bank Ltd., Basavakalyan, Karnataka
In view of the fact that the Anubhav Co-operative Bank Ltd., Basavakalyan, (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on August 14, 2008. The Registrar of Co-operative Societies, Karnataka has al
In view of the fact that the Anubhav Co-operative Bank Ltd., Basavakalyan, (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on August 14, 2008. The Registrar of Co-operative Societies, Karnataka has al
ଅଗଷ୍ଟ 13, 2008
RBI places Reports of three Working Groups on its website for comments
The Reserve Bank of India has today placed on its website for public comments, reports of three Working Groups. These are : (i) Defraying Costs of ICT Solutions for Regional Rural Banks (RRBs); (ii) Technology Upgradation of Regional Rural Banks; and (iii) IT support for Urban Co-operative Banks. The setting up of the Working Groups was announced in the Mid-Term Review of the Annual Policy for 2007-08. The Working Group on Defraying Costs of ICT Solutions for Regional
The Reserve Bank of India has today placed on its website for public comments, reports of three Working Groups. These are : (i) Defraying Costs of ICT Solutions for Regional Rural Banks (RRBs); (ii) Technology Upgradation of Regional Rural Banks; and (iii) IT support for Urban Co-operative Banks. The setting up of the Working Groups was announced in the Mid-Term Review of the Annual Policy for 2007-08. The Working Group on Defraying Costs of ICT Solutions for Regional
ଜୁଲାଇ 25, 2008
Licence of The Priyadarshini Mahila Sahakari Bank Ltd., Latur, Cancelled
The Reserve Bank of India cancelled the licence of The Priyadarshini Mahila Sahakari Bank Ltd., Latur, Maharashtra, which 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 delivered the order canceling its licence to the bank on July 23, 2008. The Commissioner for Co-operation and Registrar of Co-operati
The Reserve Bank of India cancelled the licence of The Priyadarshini Mahila Sahakari Bank Ltd., Latur, Maharashtra, which 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 delivered the order canceling its licence to the bank on July 23, 2008. The Commissioner for Co-operation and Registrar of Co-operati
ଜୁଲାଇ 23, 2008
RBI Constitutes Working Group on Umbrella Organisation and Constitution of Revival Fund for UCBs
The Reserve Bank of India has constituted a working group under the Chairmanship of its Executive Director, Shri V.S Das, to suggest measures, including the appropriate regulatory and supervisory framework, to facilitate emergence of umbrella organisation(s) for the urban cooperative banking sector in each state. Further, and as opined by the Standing Advisory Committee for UCBs, the working group may also look into the issues concerning creation of Revival Fund for t
The Reserve Bank of India has constituted a working group under the Chairmanship of its Executive Director, Shri V.S Das, to suggest measures, including the appropriate regulatory and supervisory framework, to facilitate emergence of umbrella organisation(s) for the urban cooperative banking sector in each state. Further, and as opined by the Standing Advisory Committee for UCBs, the working group may also look into the issues concerning creation of Revival Fund for t
ଜୁନ 25, 2008
Licence of Shri B.J.Khatal Janata Sahakari Bank Ltd., Sangamner, Cancelled
The Reserve Bank of India cancelled the licence of Shri B.J.Khatal Janata Sahakari Bank Ltd., Sangamner, Maharashtra after the close of business on June 11, 2008. The bank 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 uncertaintyThe Registrar of Co-operative Societies, Maharashtra has also been requested to issue an order for winding up th
The Reserve Bank of India cancelled the licence of Shri B.J.Khatal Janata Sahakari Bank Ltd., Sangamner, Maharashtra after the close of business on June 11, 2008. The bank 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 uncertaintyThe Registrar of Co-operative Societies, Maharashtra has also been requested to issue an order for winding up th
ଫେବୃଆରୀ 26, 2008
Reserve Bank Cancels the Licence of The Bharuch Nagarik Sahakari Bank Ltd., Bharuch (Gujarat)
In view of the fact that the Bharuch Nagarik Sahakari Bank Ltd., Bharuch 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 delivered the order cancelling its licence to the bank on February 22, 2008. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an order for windin
In view of the fact that the Bharuch Nagarik Sahakari Bank Ltd., Bharuch 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 delivered the order cancelling its licence to the bank on February 22, 2008. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an order for windin
ଫେବୃଆରୀ 07, 2008
Reserve Bank Cancels the Licence of the Laxmeshwar Urban Co-operative Credit Bank Ltd, Laxmeshwar, Karnataka
In view of the fact that The Laxmeshwar Urban Co-operative Credit Bank Ltd, Laxmeshwar, (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on February 05, 2008. The Registrar of Co-operative Societies, K
In view of the fact that The Laxmeshwar Urban Co-operative Credit Bank Ltd, Laxmeshwar, (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on February 05, 2008. The Registrar of Co-operative Societies, K
ଫେବୃଆରୀ 05, 2008
Reserve Bank Cancels the Licence of Shree Janata Sahakara Bank Ltd., Radhanpur (Gujarat)
In view of the fact that Shree Janata Sahakara Bank Ltd., Radhanpur (Gujarat) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence to the bank after the close of business on January 31, 2008. The Registrar of Co-operative Societies, Gujarat has also been req
In view of the fact that Shree Janata Sahakara Bank Ltd., Radhanpur (Gujarat) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence to the bank after the close of business on January 31, 2008. The Registrar of Co-operative Societies, Gujarat has also been req
ଜାନୁଆରୀ 31, 2008
Reserve Bank Cancels the Licence of the
Maratha Co-operative Bank Ltd., Hubli, Karnataka
In view of the fact that The Maratha Co-operative Bank Ltd., Hubli, (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on January 29, 2008. The Registrar of Co-operative Societies, Karnataka has also bee
In view of the fact that The Maratha Co-operative Bank Ltd., Hubli, (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on January 29, 2008. The Registrar of Co-operative Societies, Karnataka has also bee
ଜାନୁଆରୀ 02, 2008
Reserve Bank Cancels the Licence of The Ravi Co-operative Bank Ltd., Kolhapur,Maharashtra
In view of the fact that The Ravi Co-operative Bank Ltd., 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 delivered the order canceling its licence to the bank after the close of business on December 27, 2007. The Registrar of Co-operative Societies, Maharashtra has also been requ
In view of the fact that The Ravi Co-operative Bank Ltd., 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 delivered the order canceling its licence to the bank after the close of business on December 27, 2007. The Registrar of Co-operative Societies, Maharashtra has also been requ
ଡିସେମ୍ବର 31, 2007
Reserve Bank Cancels the Licence of the Dakor Mahila Nagarik Sahakari Bank Ltd., Dakor (Gujarat)
In view of the fact that the Dakor Mahila Nagarik Sahakari Bank Ltd., Dakor 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 delivered the order cancelling its licence to the bank on December 29,2007. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an order for wind
In view of the fact that the Dakor Mahila Nagarik Sahakari Bank Ltd., Dakor 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 delivered the order cancelling its licence to the bank on December 29,2007. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an order for wind
ଡିସେମ୍ବର 28, 2007
Reserve Bank Cancels the Licence of the Talod Janata Sahakara Bank Ltd., Talod (Gujarat)
In view of the fact that The Talod Janata Sahakara Bank Ltd, Talod (Gujarat) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence to the bank after the close of business on December 27, 2007. The Registrar of Co-operative Societies, Gujarat has also been req
In view of the fact that The Talod Janata Sahakara Bank Ltd, Talod (Gujarat) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence to the bank after the close of business on December 27, 2007. The Registrar of Co-operative Societies, Gujarat has also been req
ଡିସେମ୍ବର 11, 2007
Shri Parola Urban Co-operative Bank Ltd.,Jalgaon, Maharashtra - Penalised
The Reserve Bank of India has imposed a monetary penalty of Rs.1.00 lakh (Rupees one lakh only) on Shri Parola Urban Co-operative Bank Ltd., Jalgaon, Maharashtra for violation of Reserve Bank of India's directive on credit exposure limits for individual/group borrowers and loans and advances to directors and their relatives respectively. The penalty was imposed in exercise of powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the
The Reserve Bank of India has imposed a monetary penalty of Rs.1.00 lakh (Rupees one lakh only) on Shri Parola Urban Co-operative Bank Ltd., Jalgaon, Maharashtra for violation of Reserve Bank of India's directive on credit exposure limits for individual/group borrowers and loans and advances to directors and their relatives respectively. The penalty was imposed in exercise of powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the
ନଭେମ୍ବର 07, 2007
Reserve Bank Cancels the Licence of The Hirekerur Urban Co-operative Bank Ltd, Hirekerur (Karnataka)
In view of the fact that The Hirekerur Urban Co-operative Bank Ltd., Hirekerur, (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on November 07, 2007. The Registrar of Co-operative Societies, Karnataka
In view of the fact that The Hirekerur Urban Co-operative Bank Ltd., Hirekerur, (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on November 07, 2007. The Registrar of Co-operative Societies, Karnataka
ଅକ୍ଟୋବର 30, 2007
Reserve Bank Cancels the Licence of The Urban Co-operative Bank Ltd.,
Siddapur, Dist. Uttara Kannada (Karnataka)
In view of the fact that The Urban Co-operative Bank Ltd., Siddapur, Dist. Uttara Kannada (Karnataka), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank on October 27, 2007. The Commissioner for Co-operation and Registrar of Co-operative Societies, Karna
In view of the fact that The Urban Co-operative Bank Ltd., Siddapur, Dist. Uttara Kannada (Karnataka), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank on October 27, 2007. The Commissioner for Co-operation and Registrar of Co-operative Societies, Karna
ଅକ୍ଟୋବର 08, 2007
Reserve Bank Cancels the Licence of the Indira Priyadarshini Mahila Nagrik Sahakari Bank Mydt., Chhattisgarh State
In view of the fact that the Indira Priyadarshini Mahila Nagrik Sahakari Bank Mydt., Chhattisgarh State, had ceased to be solvent, all efforts to revive it in close consultation with the Government of Madhya Pradesh had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on October 3, 2007.  The Registrar of Co-operative Societies,
In view of the fact that the Indira Priyadarshini Mahila Nagrik Sahakari Bank Mydt., Chhattisgarh State, had ceased to be solvent, all efforts to revive it in close consultation with the Government of Madhya Pradesh had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on October 3, 2007.  The Registrar of Co-operative Societies,
ସେପ୍ଟେମ୍ବର 18, 2007
Indira Sahakari Bank Ltd., Dhule, Maharastra - Penalised
The Reserve Bank of India has imposed a monetary penalty of Rs. 5.00 lakh (Rs. five lakh only) on the Indira Sahakari bank Ltd., Dhule, Maharastra for violation of Reserve bank of India's directive on credit exposure limits for individual/ group borrower. The penalty was imposed 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). The Reserv
The Reserve Bank of India has imposed a monetary penalty of Rs. 5.00 lakh (Rs. five lakh only) on the Indira Sahakari bank Ltd., Dhule, Maharastra for violation of Reserve bank of India's directive on credit exposure limits for individual/ group borrower. The penalty was imposed 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). The Reserv
ଜୁଲାଇ 26, 2007
Reserve Bank imposes Penalty on Catholic Syrian Bank Ltd. for KYC Violations
The Reserve Bank of India has imposed a penalty of Rs.10 lakh (Rupees ten lakh only) on Catholic Syrian Bank Ltd. in exercise of the powers vested in RBI under the provisions of Section 47A(1)(b) of the Banking Regulation Act, 1949. Penalty of Rs.5 lakh (Rupees five lakh only) each has been imposed for the following violations:(i) non-adherence to KYC norms and AML standards while opening and operating certain accounts; and(ii) failure of bank's internal control syste
The Reserve Bank of India has imposed a penalty of Rs.10 lakh (Rupees ten lakh only) on Catholic Syrian Bank Ltd. in exercise of the powers vested in RBI under the provisions of Section 47A(1)(b) of the Banking Regulation Act, 1949. Penalty of Rs.5 lakh (Rupees five lakh only) each has been imposed for the following violations:(i) non-adherence to KYC norms and AML standards while opening and operating certain accounts; and(ii) failure of bank's internal control syste
ଜୁଲାଇ 25, 2007
Reserve Bank Cancels the Licence of The Kittur Rani Channamma Mahila Pattana Sahakari Bank Niyamita, Hubli, Karnataka
In view of the fact that The Kittur Rani Channamma Mahila Pattana Sahakari Bank Niyamita, Hubli, (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on July 19, 2007. The Registrar of Co-operative Societi
In view of the fact that The Kittur Rani Channamma Mahila Pattana Sahakari Bank Niyamita, Hubli, (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on July 19, 2007. The Registrar of Co-operative Societi
ଜୁଲାଇ 06, 2007
Shri P. K. Anna Patil Janata Sahakari Bank Ltd., Nandurbar, Maharashtra - Penalised
The Reserve Bank of India has imposed a monetary penalty of Rs. 5.00 lakh (Rs. five lakh only) on Shri P. K. Anna Patil Janata Sahakari Bank Ltd., Nandurbar, Maharashtra for violation of Reserve Bank of India's directive on limits on credit exposure to individual borrowers on unsecured advances to single borrower/connected group. The penalty was imposed in exercise of powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking
The Reserve Bank of India has imposed a monetary penalty of Rs. 5.00 lakh (Rs. five lakh only) on Shri P. K. Anna Patil Janata Sahakari Bank Ltd., Nandurbar, Maharashtra for violation of Reserve Bank of India's directive on limits on credit exposure to individual borrowers on unsecured advances to single borrower/connected group. The penalty was imposed in exercise of powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking
ଜୁନ 21, 2007
Shri B.J.Khatal Janata Sahakari Bank Ltd., Sangamner, Maharashtra - Penalised
The Reserve Bank of India has imposed a monetary penalty of Rs.5.00 lakh (rupees five lakh only) on the Shri B.J.Khatal Janata Sahakari Bank Ltd., Sangamner, Maharashtra for violation of the Reserve Bank of India’s directives prohibiting loans and advances to directors and their relatives and the firms/companies/concerns in which they are interested with effect from the      October 1, 2003. The penalty was imposed in exercise of powers vested
The Reserve Bank of India has imposed a monetary penalty of Rs.5.00 lakh (rupees five lakh only) on the Shri B.J.Khatal Janata Sahakari Bank Ltd., Sangamner, Maharashtra for violation of the Reserve Bank of India’s directives prohibiting loans and advances to directors and their relatives and the firms/companies/concerns in which they are interested with effect from the      October 1, 2003. The penalty was imposed in exercise of powers vested
ଜୁନ 19, 2007
The Kokan Mercantile Co-operative Bank Ltd., Mumbai, penalised
The Reserve Bank of India has, imposed a monetary penalty of Rs.1.00 lakh (Rupees One Lakh only) on the Kokan Mercantile Co-operative Bank Ltd., Mumbai, Maharashtra, for violating RBI directive on limits on credit exposure to single borrower/group of borrowers. The penalty was imposed 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).The Res
The Reserve Bank of India has, imposed a monetary penalty of Rs.1.00 lakh (Rupees One Lakh only) on the Kokan Mercantile Co-operative Bank Ltd., Mumbai, Maharashtra, for violating RBI directive on limits on credit exposure to single borrower/group of borrowers. The penalty was imposed 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).The Res
ଜୁନ 05, 2007
Reserve Bank Cancels the Licence of the Parivartan Co-operative Bank Ltd., Mumbai (Maharashtra)
In view of the fact that Parivartan Co-operative Bank Ltd., Mumbai, 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, on June 4, 2007, delivered the order canceling its licence. The Registrar of Co-operative Societies, Maharashtra has also been requested to issue an order for winding up the
In view of the fact that Parivartan Co-operative Bank Ltd., Mumbai, 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, on June 4, 2007, delivered the order canceling its licence. The Registrar of Co-operative Societies, Maharashtra has also been requested to issue an order for winding up the
ଜୁନ 01, 2007
RBI to shortly release Technical Paper on Differentiated Bank Licences
The Reserve Bank of India today stated that it will shortly place the Technical Paper on Differentiated Bank Licences on the RBI website for comments/suggestions. It may be recalled that on April 24, 2007, in the Annual Policy Statement for 2007-2008, the Governor, Reserve Bank of India announced (paragraph 185) that a technical paper on 'Differentiated Bank Licences' would be placed on the website by May 31, 2007. Alpana Killawala Chief General ManagerPress Release :
The Reserve Bank of India today stated that it will shortly place the Technical Paper on Differentiated Bank Licences on the RBI website for comments/suggestions. It may be recalled that on April 24, 2007, in the Annual Policy Statement for 2007-2008, the Governor, Reserve Bank of India announced (paragraph 185) that a technical paper on 'Differentiated Bank Licences' would be placed on the website by May 31, 2007. Alpana Killawala Chief General ManagerPress Release :
ମଇ 24, 2007
Reserve Bank Cancels the Licence of The Chetak Urban Co-operative Bank Ltd, Parbhani, (Maharashtra)
In view of the fact that The Chetak Urban Co-operative Bank Ltd, Parbhanl, (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence to the bank after the close of business on May 19, 2007. The Registrar of Co-operative Societies, Maharashtra ha
In view of the fact that The Chetak Urban Co-operative Bank Ltd, Parbhanl, (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence to the bank after the close of business on May 19, 2007. The Registrar of Co-operative Societies, Maharashtra ha
ମଇ 24, 2007
Deposits with Primary Agricultural Credit Societies not insured
Instances have come to the notice of the Reserve Bank of India where Primary Agricultural Credit Societies (PACS) in some States are engaged in banking business and using the word 'bank' in their names. The Reserve Bank of India clarifies in the public interest that it does not regulate the activities of the PACS, as they are not covered by the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), and that the deposits maintained with PACS are not in
Instances have come to the notice of the Reserve Bank of India where Primary Agricultural Credit Societies (PACS) in some States are engaged in banking business and using the word 'bank' in their names. The Reserve Bank of India clarifies in the public interest that it does not regulate the activities of the PACS, as they are not covered by the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), and that the deposits maintained with PACS are not in
ଅପ୍ରେଲ 25, 2007
Reserve Bank imposes Penalty on SBICI Bank Ltd for KYC Violations
The Reserve Bank of India has imposed a penalty of Rs. 10 lakh (Rupees ten lakh only) on SBI Commercial and International Bank Ltd. in exercise of the powers vested in RBI under the provisions of Section 47A (1) (b) of the Banking Regulation Act, 1949. Penalty of Rs. 5 lakh (Rupees five lakh only) each has been imposed for the following two violations:(i) non adherence to KYC norms while opening and operating IPO related accounts and not completing KYC procedure for e
The Reserve Bank of India has imposed a penalty of Rs. 10 lakh (Rupees ten lakh only) on SBI Commercial and International Bank Ltd. in exercise of the powers vested in RBI under the provisions of Section 47A (1) (b) of the Banking Regulation Act, 1949. Penalty of Rs. 5 lakh (Rupees five lakh only) each has been imposed for the following two violations:(i) non adherence to KYC norms while opening and operating IPO related accounts and not completing KYC procedure for e
ଅପ୍ରେଲ 24, 2007
Reserve Bank rejects the licence application of Varada Co-operative Bank Ltd., Karajagi, Haveri, Karnataka
In view of the fact that there is no improvement in the financial position of the Varada Co-operative Bank Ltd., Karajagi, Haveri, Karnataka and the affairs of the bank are being conducted in a manner detrimental to the interests of the depositors, the Reserve Bank of India is satisfied that the application dated March 31, 1998 of the bank for issue of licence to carry on banking business deserves to be rejected. The Reserve Bank of India delivered the order rejecting
In view of the fact that there is no improvement in the financial position of the Varada Co-operative Bank Ltd., Karajagi, Haveri, Karnataka and the affairs of the bank are being conducted in a manner detrimental to the interests of the depositors, the Reserve Bank of India is satisfied that the application dated March 31, 1998 of the bank for issue of licence to carry on banking business deserves to be rejected. The Reserve Bank of India delivered the order rejecting
ଅପ୍ରେଲ 19, 2007
Reserve Bank Cancels the Licence of The Rahuta Union Co-operative Bank Ltd., 24 Parganas (North), West Bengal
In view of the fact that the Rahuta Union Co-operative Bank Ltd., 24 Parganas (North), West Bengal, had ceased to be solvent, all efforts to revive it in consultation with the Government of West Bengal had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank on April 16, 2007. The Registrar of Co-operative Societies, West Bengal has also been requested to issue an
In view of the fact that the Rahuta Union Co-operative Bank Ltd., 24 Parganas (North), West Bengal, had ceased to be solvent, all efforts to revive it in consultation with the Government of West Bengal had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank on April 16, 2007. The Registrar of Co-operative Societies, West Bengal has also been requested to issue an
ଅପ୍ରେଲ 18, 2007
Sangli Bank Branches to function as ICICI Bank Branches
Consequent to the amalgamation of the Sangli Bank Ltd. with the ICICI Bank Ltd., all the branches of The Sangli Bank Ltd. shall function as branches of the ICICI Bank Ltd. from April 19, 2007. The Scheme of Amalgamation of The Sangli Bank Ltd. with the ICICI Bank Ltd. was sanctioned by the Reserve Bank of India In exercise of the powers contained in Sub-section (4) of Section 44A of the Banking Regulation Act, 1949 G. Raghuraj Deputy General ManagerPress Release : 200
Consequent to the amalgamation of the Sangli Bank Ltd. with the ICICI Bank Ltd., all the branches of The Sangli Bank Ltd. shall function as branches of the ICICI Bank Ltd. from April 19, 2007. The Scheme of Amalgamation of The Sangli Bank Ltd. with the ICICI Bank Ltd. was sanctioned by the Reserve Bank of India In exercise of the powers contained in Sub-section (4) of Section 44A of the Banking Regulation Act, 1949 G. Raghuraj Deputy General ManagerPress Release : 200
ମାର୍ଚ୍ଚ 30, 2007
Reserve Bank Cancels the Licence of Shri Balasheb Satbhai Merchants Co-operative Bank Ltd., Kopergaon, Ahmednagar (erstwhile The Kopergaon Taluka Merchants Co-operative Bank Ltd., Kopergaon)
In view of the fact that Shri Balasheb Satbhai Merchants Co-operative Bank Ltd., Kopergaon, Ahmednagar, 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, on March 29,2007, delivered the order canceling its licence. The Registrar of Co-operative Societies, Maharashtra has also been requested
In view of the fact that Shri Balasheb Satbhai Merchants Co-operative Bank Ltd., Kopergaon, Ahmednagar, 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, on March 29,2007, delivered the order canceling its licence. The Registrar of Co-operative Societies, Maharashtra has also been requested
ମାର୍ଚ୍ଚ 30, 2007
The Bharat Overseas Bank Ltd branches to operate as Indian Overseas Bank branches from April 3, 2007
The Government of India had, approved the Scheme of Transfer of Undertaking of The Bharat Overseas Bank Ltd to Indian Overseas Bank and the scheme of Transfer of Undertaking shall be effective as at the close of business on March 31, 2007. All the branches of The Bharat Overseas Bank Ltd will function as branches of Indian Overseas Bank thereafter. Customers, including depositors of The Bharat Overseas Bank Ltd., will be able to operate their accounts as customers of
The Government of India had, approved the Scheme of Transfer of Undertaking of The Bharat Overseas Bank Ltd to Indian Overseas Bank and the scheme of Transfer of Undertaking shall be effective as at the close of business on March 31, 2007. All the branches of The Bharat Overseas Bank Ltd will function as branches of Indian Overseas Bank thereafter. Customers, including depositors of The Bharat Overseas Bank Ltd., will be able to operate their accounts as customers of
ମାର୍ଚ୍ଚ 28, 2007
Reserve Bank cancels the Licence of The Anand Urban Co-operative Bank Ltd., Anand Gujarat
In view of the fact that the Anand Urban Co-operative Bank Ltd., Anand, 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, on March 27, 2007 delivered the Order cancelling its licence to the bank. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an order for winding u
In view of the fact that the Anand Urban Co-operative Bank Ltd., Anand, 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, on March 27, 2007 delivered the Order cancelling its licence to the bank. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an order for winding u

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