Press Releases - Regulating Co-operative Banking - ਆਰਬੀਆਈ - Reserve Bank of India
ਪ੍ਰੈਸ ਰਿਲੀਜ਼
ਮਾਰਚ 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
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ਮਾਰਚ 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
ਮਾਰਚ 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
ਮਾਰਚ 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
ਫ਼ਰ 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
ਫ਼ਰ 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 (
ਫ਼ਰ 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
ਫ਼ਰ 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
ਫ਼ਰ 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
ਫ਼ਰ 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
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