Press Releases - Regulating Co-operative Banking - ਆਰਬੀਆਈ - Reserve Bank of India
ਪ੍ਰੈਸ ਰਿਲੀਜ਼
ਅਗ 18, 1999
RBI cancels licence of Siddharth Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence issued to the Siddharth Sahakari Bank Ltd., Jalgaon, Maharashtra to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Chhaya Raje ManagerPress Release :
The Reserve Bank of India has cancelled the licence issued to the Siddharth Sahakari Bank Ltd., Jalgaon, Maharashtra to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Chhaya Raje ManagerPress Release :
ਪੀਡੀਐਫ (
ਅਗ 16, 1999
RBI refuses licence to Asansol Peoples' Co-operative Bank Ltd.
The Reserve Bank of India has rejected the application submitted by Asansol Peoples' Co-operative Bank Ltd., Asansol, District Burdwan, West Bengal for grant of licence to carry on banking business. Thus, the bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things to accept deposits from public and allow withdrawal by cheque
The Reserve Bank of India has rejected the application submitted by Asansol Peoples' Co-operative Bank Ltd., Asansol, District Burdwan, West Bengal for grant of licence to carry on banking business. Thus, the bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things to accept deposits from public and allow withdrawal by cheque
ਅਗ 14, 1999
M/s. Kirloskar Investment & Finance Ltd. Prohibited from accepting deposits
The Reserve Bank of India has prohibited M/s. Kirloskar Investments & Finance Ltd., having its registered office at Unity Building, J. C. Road, Bangalore-560 002 with immediate effect from accepting public deposits from any person, in any form whether by way of fresh deposits or renewal of the existing deposits or otherwise, until further order. The company has violated various provisions of the Reserve Bank of India Act, 1934.The Reserve Bank of India has also di
The Reserve Bank of India has prohibited M/s. Kirloskar Investments & Finance Ltd., having its registered office at Unity Building, J. C. Road, Bangalore-560 002 with immediate effect from accepting public deposits from any person, in any form whether by way of fresh deposits or renewal of the existing deposits or otherwise, until further order. The company has violated various provisions of the Reserve Bank of India Act, 1934.The Reserve Bank of India has also di
ਅਗ 14, 1999
RBI refuses licence to Jhargram Peoples' Co-operative Bank Ltd.
The Reserve Bank of India has rejected the application submitted by Jhargram Peoples' Co-operative Bank Ltd., Jhargram for grant of licence to carry on banking business. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things to accept deposits from public and allow withdrawal by cheque, draft, order or otherwise.Rupamba
The Reserve Bank of India has rejected the application submitted by Jhargram Peoples' Co-operative Bank Ltd., Jhargram for grant of licence to carry on banking business. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things to accept deposits from public and allow withdrawal by cheque, draft, order or otherwise.Rupamba
ਅਗ 11, 1999
RBI refuses licence to The Bhanjanagar Co-operative Urban Bank Ltd.
The Reserve Bank of India has rejected the application submitted by The Bhanjanagar Co-operative Urban Bank Ltd., Bhajanagar, District Ganjam, Orissa for grant of licence to carry on banking business. The bank is precluded from transacting the business of banking as defined in the Banking Regulations Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things to accept deposits from public and allow withdrawal by cheque, d
The Reserve Bank of India has rejected the application submitted by The Bhanjanagar Co-operative Urban Bank Ltd., Bhajanagar, District Ganjam, Orissa for grant of licence to carry on banking business. The bank is precluded from transacting the business of banking as defined in the Banking Regulations Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things to accept deposits from public and allow withdrawal by cheque, d
ਅਗ 05, 1999
RBI cancels licence of Parishad Cooperative Bank Ltd.
The Reserve Bank of India has cancelled the licence issued to the Parishad Cooperative Bank Ltd., New Delhi to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Rupambara Padhi ManagerPress Release : 1999
The Reserve Bank of India has cancelled the licence issued to the Parishad Cooperative Bank Ltd., New Delhi to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Rupambara Padhi ManagerPress Release : 1999
ਜੁਲਾ 28, 1999
RBI cancels licence of Sami Taluka Nagarik Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence of the Sami Taluka Nagrik Sahakari Bank Ltd., Sami, Dist. Mehsana, Gujarat State, to carry on banking business. The bank is precluded from transacting the business of "banking" as defined in the Banking Regulations Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.
The Reserve Bank of India has cancelled the licence of the Sami Taluka Nagrik Sahakari Bank Ltd., Sami, Dist. Mehsana, Gujarat State, to carry on banking business. The bank is precluded from transacting the business of "banking" as defined in the Banking Regulations Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.
ਜੁਲਾ 19, 1999
RBI cancels licence of Nagrik Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence issued to the Nagrik Sahakari Bank Ltd., Sagar to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulations Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Rupambara Padhi ManagerPress Release : 1999/2000/98
The Reserve Bank of India has cancelled the licence issued to the Nagrik Sahakari Bank Ltd., Sagar to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulations Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Rupambara Padhi ManagerPress Release : 1999/2000/98
ਜੁਲਾ 09, 1999
RBI denies licence to Oudh Sahakari Bank Ltd.
The Reserve Bank of India has rejected the license application of the Oudh Sahakari Bank Ltd., Lucknow, Uttar Pradesh, to carry on banking business in India. The Bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be allowed, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Rupambara Padhi
The Reserve Bank of India has rejected the license application of the Oudh Sahakari Bank Ltd., Lucknow, Uttar Pradesh, to carry on banking business in India. The Bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be allowed, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Rupambara Padhi
ਜੂਨ 15, 1999
RBI grants 12 new licences to foreign banks in 1998-99
The Reserve Bank of India has issued further five licences for the year 1998-99 for opening branches by foreign banks in India as underName of bank Centre1. Citibank N AAhmedabad2. American Express BankBangalore3. ANZ Grindlays Bank PIcPune4. Bank of Nova ScotiaHyderabad5. Standard Chartered Bank BangaloreThe Reserve Bank of India had earlier during the year issued 7 licences which included two maiden branches of new foreign banks and 5 licences for additional branche
The Reserve Bank of India has issued further five licences for the year 1998-99 for opening branches by foreign banks in India as underName of bank Centre1. Citibank N AAhmedabad2. American Express BankBangalore3. ANZ Grindlays Bank PIcPune4. Bank of Nova ScotiaHyderabad5. Standard Chartered Bank BangaloreThe Reserve Bank of India had earlier during the year issued 7 licences which included two maiden branches of new foreign banks and 5 licences for additional branche
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