Press Releases - Regulating Co-operative Banking - ஆர்பிஐ - Reserve Bank of India
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மார். 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
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மார். 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
மார். 07, 2007
Reserve Bank rejects the Licence Application of The Umreth Peoples Co-operative Bank Ltd., Umreth, Gujarat
In view of the fact that the Umreth Peoples Co-operative Bank Ltd., Umreth, Kheda, 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 06, 2007 delivered the order rejecting its licence application to the bank for conducting banking business in India. The Registrar of Co-operative Societies,
In view of the fact that the Umreth Peoples Co-operative Bank Ltd., Umreth, Kheda, 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 06, 2007 delivered the order rejecting its licence application to the bank for conducting banking business in India. The Registrar of Co-operative Societies,
மார். 07, 2007
Reserve Bank Cancels the Licence of The Basavakalyan Pattana Sahakara Bank Niyamith, Basavakalyan, (Karnataka)
In view of the fact that The Basavakalyan Pattana Sahakara Bank Niyamith, 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 March 5, 2007. The Registrar of Co-operative Societies, Karn
In view of the fact that The Basavakalyan Pattana Sahakara Bank Niyamith, 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 March 5, 2007. The Registrar of Co-operative Societies, Karn
பிப். 15, 2007
Reserve Bank cancels the Licence of The Adarsh Mahila Co-operative Bank Ltd, Mehsana, Gujarat
In view of the fact that the Adarsh Mahila Co-operative Bank Ltd., Mehsana, 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 February 15, 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 wi
In view of the fact that the Adarsh Mahila Co-operative Bank Ltd., Mehsana, 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 February 15, 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 wi
பிப். 07, 2007
Reserve Bank cancels the Licence of The Sarvodaya Nagrik Sahakari Bank Ltd, Visnagar, Gujarat
In view of the fact that the Sarvodaya Nagrik Sahakari Bank Ltd., Visnagar, 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 February 02, 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 wi
In view of the fact that the Sarvodaya Nagrik Sahakari Bank Ltd., Visnagar, 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 February 02, 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 wi
பிப். 06, 2007
Reserve Bank Cancels the Licence of The Rajkot Mahila Nagrik Sahakari Bank Ltd., Rajkot, Gujarat
In view of the fact that the Rajkot Mahila Nagrik Sahakari Bank Ltd., Rajkot, 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 January 31, 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 w
In view of the fact that the Rajkot Mahila Nagrik Sahakari Bank Ltd., Rajkot, 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 January 31, 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 w
பிப். 05, 2007
Reserve Bank Cancels the Licence of The Harugeri Urban Co-operative Credit Bank Ltd., Harugeri, Karnataka
In view of the fact that the Harugeri Urban Co-operative Credit Bank Ltd., Harugeri, (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 22, 2007. The Registrar of Co-operative Societies, Karna
In view of the fact that the Harugeri Urban Co-operative Credit Bank Ltd., Harugeri, (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 22, 2007. The Registrar of Co-operative Societies, Karna
ஜன. 19, 2007
Ministry of Agriculture, Government of India signs MoU with RBI for Multi-State Urban Co-operative Banks
Ministry of Agriculture, Government of India and the Reserve Bank of India, on January 16, 2007, signed a Memorandum of Understanding (MoU) with regard to Multi State Urban Co-operative Banks in the country. Consequent upon this, a Central level Task Force on Multi State Urban Co-operative Banks (TAFCUB) has been constituted. Shri N.S.Vishwanathan, Chief General Manager-in-Charge, Reserve Bank of India, Urban Banks Department, Central Office, Mumbai is the Chairman of
Ministry of Agriculture, Government of India and the Reserve Bank of India, on January 16, 2007, signed a Memorandum of Understanding (MoU) with regard to Multi State Urban Co-operative Banks in the country. Consequent upon this, a Central level Task Force on Multi State Urban Co-operative Banks (TAFCUB) has been constituted. Shri N.S.Vishwanathan, Chief General Manager-in-Charge, Reserve Bank of India, Urban Banks Department, Central Office, Mumbai is the Chairman of
டிச. 11, 2006
Reserve Bank Cancels the Licence of The Karamsad Urban Co-operative Bank Ltd., Karamsad (Gujarat)
In view of the fact that the Karamsad Urban Co-operative Bank Ltd., Karamsad 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 09, 2006. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an order for wi
In view of the fact that the Karamsad Urban Co-operative Bank Ltd., Karamsad 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 09, 2006. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an order for wi
டிச. 06, 2006
Reserve Bank Cancels the Licence of the Sindh Mercantile Co-op. Bank Ltd., Ahmedabad (Gujarat State)
In view of the fact that the Sindh Mercantile Co-op. Bank Ltd. (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 after the close of business on November 28, 2006. The Registrar of Co-operative Societies, Gujarat State has also been requested to
In view of the fact that the Sindh Mercantile Co-op. Bank Ltd. (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 after the close of business on November 28, 2006. The Registrar of Co-operative Societies, Gujarat State has also been requested to
நவ. 24, 2006
Reserve Bank Penalises Jamkhed Merchants Co-op.Bank Ltd., Jamkhed, Dist.Ahmednagar
The Reserve Bank of India has, 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) imposed a monetary penalty of Rs.5.00 lakh (rupees five lakh only) on the Jamkhed Merchants Co-operative Bank Ltd., Jamkhed, Dist. Ahmednagar for violation of the Reserve Bank of India’s directives dated October 1, 2003 prohibiting loans and advances to director
The Reserve Bank of India has, 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) imposed a monetary penalty of Rs.5.00 lakh (rupees five lakh only) on the Jamkhed Merchants Co-operative Bank Ltd., Jamkhed, Dist. Ahmednagar for violation of the Reserve Bank of India’s directives dated October 1, 2003 prohibiting loans and advances to director
நவ. 22, 2006
Report of the Working Group to examine issues relating to augmenting capital of UCBs
The Reserve Bank of India (RBI) today placed on its website (www.rbi.org.in) Report of the and to identify alternate instruments / avenues for augmenting their capital funds.The feedback can also be faxed to 91-22-24974030. The Group has identified four new instruments to enable the UCBs to raise long term capital/quasi capital funds. These are: (i) Unsecured, subordinated, non-convertible redeemable debentures/bonds, (ii) Special shares which are non-voting in nature
The Reserve Bank of India (RBI) today placed on its website (www.rbi.org.in) Report of the and to identify alternate instruments / avenues for augmenting their capital funds.The feedback can also be faxed to 91-22-24974030. The Group has identified four new instruments to enable the UCBs to raise long term capital/quasi capital funds. These are: (i) Unsecured, subordinated, non-convertible redeemable debentures/bonds, (ii) Special shares which are non-voting in nature
நவ. 21, 2006
Reserve Bank Cancels the Licence of The Urban Co-operative Bank Ltd., Dimapur (Nagaland)
In view of the fact that the Urban Co-operative Bank Ltd., Dimapur (Nagaland) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Nagaland 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 15, 2006. The Registrar of Co-operative Societies, Nagaland has also been requested to
In view of the fact that the Urban Co-operative Bank Ltd., Dimapur (Nagaland) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Nagaland 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 15, 2006. The Registrar of Co-operative Societies, Nagaland has also been requested to
அக். 19, 2006
Reserve Bank Cancels the Licence of The Bharat Mercantile Co-operative Urban Bank Limited, Hyderabad (Andhra Pradesh
In view of the fact that the The Bharat Mercantile Co-operative Urban Bank Limited, Hyderabad (Andhra Pradesh) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Andhra Pradesh had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India (RBI) delivered the order, cancelling its licence to the bank after the close of business on October 17,2006. The Registrar of Co-
In view of the fact that the The Bharat Mercantile Co-operative Urban Bank Limited, Hyderabad (Andhra Pradesh) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Andhra Pradesh had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India (RBI) delivered the order, cancelling its licence to the bank after the close of business on October 17,2006. The Registrar of Co-
செப். 30, 2006
The United Western Bank Ltd. branches to operate as Industrial Development Bank of India Ltd. branches from October 3, 2006
The Government of India has today sanctioned the Scheme for the amalgamation of The United Western Bank Ltd. with Industrial Development Bank of India Ltd. The amalgamation will come into force on October 3, 2006. All the branches of The United Western Bank Ltd. will function as branches of Industrial Development Bank of India Ltd. with effect from this date. Customers, including depositors of The United Western Bank Ltd., will be able to operate their accounts as cus
The Government of India has today sanctioned the Scheme for the amalgamation of The United Western Bank Ltd. with Industrial Development Bank of India Ltd. The amalgamation will come into force on October 3, 2006. All the branches of The United Western Bank Ltd. will function as branches of Industrial Development Bank of India Ltd. with effect from this date. Customers, including depositors of The United Western Bank Ltd., will be able to operate their accounts as cus
செப். 01, 2006
The Ganesh Bank of Kurundwad Ltd. branches to operate as The Federal Bank Ltd. branches from September 2, 2006
The Government of India had, on January 24, 2006, sanctioned the Scheme of Amalgamation of The Ganesh Bank of Kurundwad Ltd. with The Federal Bank Ltd. However, the implementation of the Scheme of Amalgamation had been stayed in terms of the Bombay High Court orders dated January 27, 2006 and April 5, 2006 and the Supreme Court order dated May 1, 2006. The Supreme Court’s order dated August 28, 2006 has brought into force the said Scheme of Amalgamation. Accordingly,
The Government of India had, on January 24, 2006, sanctioned the Scheme of Amalgamation of The Ganesh Bank of Kurundwad Ltd. with The Federal Bank Ltd. However, the implementation of the Scheme of Amalgamation had been stayed in terms of the Bombay High Court orders dated January 27, 2006 and April 5, 2006 and the Supreme Court order dated May 1, 2006. The Supreme Court’s order dated August 28, 2006 has brought into force the said Scheme of Amalgamation. Accordingly,
ஆக. 17, 2006
Reserve Bank Cancels the Licence of The Kanyaka Parameshwari Mutually Aided Co-operative Urban Bank Ltd., Andhra Pradesh
In view of the fact that the The Kanyaka Parameshwari Mutually Aided Co-operative Urban Bank Ltd., Kukatpally, R.R. District, Andhra Pradesh had ceased to be solvent, all efforts to revive it in close consultation with the Government of Andhra Pradesh 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 16, 200
In view of the fact that the The Kanyaka Parameshwari Mutually Aided Co-operative Urban Bank Ltd., Kukatpally, R.R. District, Andhra Pradesh had ceased to be solvent, all efforts to revive it in close consultation with the Government of Andhra Pradesh 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 16, 200
ஆக. 03, 2006
Reserve Bank Cancels the Licence of the Challakere Urban Co-operative Bank Ltd., Challakere (Karnataka)
In view of the fact that the The Challakere Urban Co-operative Bank Ltd., Challakere (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 02, 2006. The Registrar of Co-operative Societies, Karna
In view of the fact that the The Challakere Urban Co-operative Bank Ltd., Challakere (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 02, 2006. The Registrar of Co-operative Societies, Karna
ஜூலை 28, 2006
Reserve Bank Cancels the Licence of Sri Sampige Siddeswara Urban Co-operative Bank Ltd., Chitradurga, (Karnataka)
In view of the fact that the Sri Sampige Siddeswara Urban Co-operative Bank Ltd., Chitradurga, (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 26, 2006. The Registrar of Co-operative Societie
In view of the fact that the Sri Sampige Siddeswara Urban Co-operative Bank Ltd., Chitradurga, (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 26, 2006. The Registrar of Co-operative Societie
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