Press Releases - Regulating Co-operative Banking - ஆர்பிஐ - Reserve Bank of India
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அக். 05, 2012
The Bapunagar Mihila Co-operative Bank Ltd., Ahmedabad - Penalised
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five Lakh only) on the The Bapunagar Mihila Co-operative Bank Ltd., Ahmedabad, 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 Reserve Bank of India directives/guidelines on exceeding the ceiling on unsecured advances, delay in reporting o
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five Lakh only) on the The Bapunagar Mihila Co-operative Bank Ltd., Ahmedabad, 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 Reserve Bank of India directives/guidelines on exceeding the ceiling on unsecured advances, delay in reporting o
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அக். 01, 2012
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) Swami Samarth Sahakari Bank Ltd., Akkalkot, Solapur, Maharashtra
It is hereby notified for the information of the public that validity period of directions imposed on Swami Samarth Sahakari Bank Ltd., Akkalkot, Solapur, Maharashtra vide our directive UDB.CO.BSD-I/D-76/12.22.282/2011-12 dated March 30, 2012 has been extended further for a period of six months i.e. from September 30, 2012 to March 29, 2013 vide our modified directive UBD.CO.BSD I/D-9/12.22.282/2012-13 dated September 14, 2012. The other terms and conditions remain un
It is hereby notified for the information of the public that validity period of directions imposed on Swami Samarth Sahakari Bank Ltd., Akkalkot, Solapur, Maharashtra vide our directive UDB.CO.BSD-I/D-76/12.22.282/2011-12 dated March 30, 2012 has been extended further for a period of six months i.e. from September 30, 2012 to March 29, 2013 vide our modified directive UBD.CO.BSD I/D-9/12.22.282/2012-13 dated September 14, 2012. The other terms and conditions remain un
அக். 01, 2012
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) Shri Siddhivinayak Nagari Sahakari Bank Ltd., Rasayani, Dist. Raigad, Maharashtra
It is hereby notified for the information of the public that validity period of directions imposed on Shri Siddhivinayak Nagari Sahakari Bank Ltd., Rasayani, Dist. Raigad vide our directive UBD.CO.BSD-I.No.D-56/12.22.332/2011-12 dated September 29, 2011, extended vide directive UBD.CO.BSD-I.No.D-74/12.22.332/ 2011-12 dated March 14, 2012 has been extended further for a period of six months i.e. from September 29, 2012 to March 28, 2013 vide our modified directive UBD.
It is hereby notified for the information of the public that validity period of directions imposed on Shri Siddhivinayak Nagari Sahakari Bank Ltd., Rasayani, Dist. Raigad vide our directive UBD.CO.BSD-I.No.D-56/12.22.332/2011-12 dated September 29, 2011, extended vide directive UBD.CO.BSD-I.No.D-74/12.22.332/ 2011-12 dated March 14, 2012 has been extended further for a period of six months i.e. from September 29, 2012 to March 28, 2013 vide our modified directive UBD.
செப். 28, 2012
The Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad
In exercise of the powers vested under Sub-Section (1) of Section 35A of Banking Regulation Act, 1949 (AACS), directions were imposed by the Reserve Bank of India, in the interest of public, on The Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad from the close of business as on April 02, 2012. The directions were modified on May 18, 2012. The period of directions imposed on the bank has since been extended for a further period of six months up to April 02, 2013 vide
In exercise of the powers vested under Sub-Section (1) of Section 35A of Banking Regulation Act, 1949 (AACS), directions were imposed by the Reserve Bank of India, in the interest of public, on The Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad from the close of business as on April 02, 2012. The directions were modified on May 18, 2012. The period of directions imposed on the bank has since been extended for a further period of six months up to April 02, 2013 vide
செப். 24, 2012
The Talod Nagarik Sahakari Bank Ltd., Talod, Dist. Sabarkantha (Gujarat) - Penalised
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five Lakh only) on the The Talod Nagarik Sahakari Bank Ltd., Talod, Dist. Sabarkantha (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 RBI instructions relating to declaration / disbursal of dividend to the shareholders in violat
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five Lakh only) on the The Talod Nagarik Sahakari Bank Ltd., Talod, Dist. Sabarkantha (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 RBI instructions relating to declaration / disbursal of dividend to the shareholders in violat
செப். 20, 2012
The Dahod Mercantile Co-operative Bank Ltd., Dist. Dahod - Penalised
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees One Lakh only) on the The Dahod Mercantile Co-operative Bank Ltd., Dist. Dahod, 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 Reserve Bank of India directives on donation. The Reserve Bank of India had issued a Show Cause Notice to the b
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees One Lakh only) on the The Dahod Mercantile Co-operative Bank Ltd., Dist. Dahod, 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 Reserve Bank of India directives on donation. The Reserve Bank of India had issued a Show Cause Notice to the b
செப். 18, 2012
The Rajlaxmi Mahila Urban Co-operative Bank Limited, Jaipur - Penalised
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees One Lakh only) on the The Rajlaxmi Mahila Urban Co-operative Bank Limited, Jaipur, 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 violating the RBI directives/guidelines on unsecured advances, IRAC norms and OBC charges. The Reserve Bank of India had
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees One Lakh only) on the The Rajlaxmi Mahila Urban Co-operative Bank Limited, Jaipur, 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 violating the RBI directives/guidelines on unsecured advances, IRAC norms and OBC charges. The Reserve Bank of India had
செப். 18, 2012
The Rajasthan Urban Co-operative Bank Limited, Jaipur - Penalised
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees One Lakh only) on the The Rajasthan Urban Co-operative Bank Limited, Jaipur, 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 violating the RBI directives/guidelines on individual and group exposure ceiling, IRAC norms and window-dressing. The Reserve B
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees One Lakh only) on the The Rajasthan Urban Co-operative Bank Limited, Jaipur, 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 violating the RBI directives/guidelines on individual and group exposure ceiling, IRAC norms and window-dressing. The Reserve B
செப். 12, 2012
Reserve Bank Cancels the licence of Rajiv Gandhi Sahakari Bank Ltd.,Latur (Maharashtra)
In view of the fact that Rajiv Gandhi Sahakari Bank Ltd., Latur (Maharashtra) (hereinafter referred to as ‘the bank') is not in a position to pay its present and future depositors, the affairs of the bank are being conducted in a manner detrimental to the interest of the depositors and the financial position of the bank leaves no scope for its revival, the Reserve Bank of India ( hereinafter referred to as 'RBI') on August 30, 2012 delivered the order to the bank canc
In view of the fact that Rajiv Gandhi Sahakari Bank Ltd., Latur (Maharashtra) (hereinafter referred to as ‘the bank') is not in a position to pay its present and future depositors, the affairs of the bank are being conducted in a manner detrimental to the interest of the depositors and the financial position of the bank leaves no scope for its revival, the Reserve Bank of India ( hereinafter referred to as 'RBI') on August 30, 2012 delivered the order to the bank canc
ஆக. 14, 2012
Rupee Co-operative Bank Ltd., Pune (Maharashtra)- Penalised
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five Lakh only) on the Rupee Co-operative Bank Ltd., Pune (Maharashtra) 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 instructions/guidelines of the Reserve Bank of India. The statutory inspection of the bank under Section 35 of the
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five Lakh only) on the Rupee Co-operative Bank Ltd., Pune (Maharashtra) 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 instructions/guidelines of the Reserve Bank of India. The statutory inspection of the bank under Section 35 of the
ஆக. 10, 2012
The Bharath Co-operative Bank Ltd., Bangalore, Karnataka - Penalised
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five Lakh only) on The Bharath Co-operative Bank Ltd., Bangalore, Karnataka, 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 Reserve Bank of India's instructions contained in Circular UBD.BPD.Cir.50/13.05.00/2002-03 dated April 29, 200
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five Lakh only) on The Bharath Co-operative Bank Ltd., Bangalore, Karnataka, 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 Reserve Bank of India's instructions contained in Circular UBD.BPD.Cir.50/13.05.00/2002-03 dated April 29, 200
ஆக. 10, 2012
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - The Arjun Urban Co-oprative Bank Ltd, Solapur, Maharashtra
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India has issued certain Directions to The Arjun Urban Co-operative Bank Ltd., Solapur, Maharashtra whereby, as from the close of business on August 7, 2012, the aforesaid bank shall not,
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India has issued certain Directions to The Arjun Urban Co-operative Bank Ltd., Solapur, Maharashtra whereby, as from the close of business on August 7, 2012, the aforesaid bank shall not,
ஆக. 10, 2012
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - The Kokan Prant Sahakari Bank Ltd, Mumbai, Maharashtra
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India has issued certain Directions to The Kokan Prant Sahakari Bank Ltd., Mumbai, Maharashtra whereby, as from the close of business on August 7, 2012, the aforesaid bank shall not, with
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India has issued certain Directions to The Kokan Prant Sahakari Bank Ltd., Mumbai, Maharashtra whereby, as from the close of business on August 7, 2012, the aforesaid bank shall not, with
ஆக. 10, 2012
Modified Directions on The Municipal Co-operative Bank Ltd., Ahmedabad
The period of directions imposed by Reserve Bank of India (RBI) on The Municipal Co-operative Bank Ltd., Ahmedabad, vide its directive UBD.CO.BSD II No./D-70/12.21.114/2011-12 dated February 01, 2012, expiring on August 14, 2012, has since been further extended by six months i.e. up to February 14, 2013, subject to review, vide modified directive No. UBD.CO.BSD II/D-02/12.21.114/2012-13 dated July 25, 2012, in exercise of the powers vested under sub–section (1) of Sec
The period of directions imposed by Reserve Bank of India (RBI) on The Municipal Co-operative Bank Ltd., Ahmedabad, vide its directive UBD.CO.BSD II No./D-70/12.21.114/2011-12 dated February 01, 2012, expiring on August 14, 2012, has since been further extended by six months i.e. up to February 14, 2013, subject to review, vide modified directive No. UBD.CO.BSD II/D-02/12.21.114/2012-13 dated July 25, 2012, in exercise of the powers vested under sub–section (1) of Sec
ஆக. 09, 2012
Sarvodaya Commercial Co-operative Bank Ltd., Mehsana. (Gujarat)- Penalised
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees One Lakh only) on the Sarvodaya Commercial Co-operative Bank Ltd., Mehsana (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 the directives/guidelines issued by the Reserve Bank of India on Know Your Customer (KYC) and Anti Money L
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees One Lakh only) on the Sarvodaya Commercial Co-operative Bank Ltd., Mehsana (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 the directives/guidelines issued by the Reserve Bank of India on Know Your Customer (KYC) and Anti Money L
ஆக. 03, 2012
Reserve Bank rejects the application for grant of licence of The Premier Automobiles’ Employees Co-operative Bank Ltd., Mumbai, (Maharashtra)
The Reserve Bank of India [the Bank] delivered the order rejecting the application dated May 31, 1966 for grant of licence submitted by The Premier Automobiles’ Employees Co-operative Bank Ltd., Mumbai (Maharashtra) [the bank], to carry on banking business in India under Section 22 of the Banking Regulation Act, 1949 (AACS) [the Act] after being satisfied that the bank does not fulfil the conditions as required in terms of Section 22 (3) of the Act. The order is effec
The Reserve Bank of India [the Bank] delivered the order rejecting the application dated May 31, 1966 for grant of licence submitted by The Premier Automobiles’ Employees Co-operative Bank Ltd., Mumbai (Maharashtra) [the bank], to carry on banking business in India under Section 22 of the Banking Regulation Act, 1949 (AACS) [the Act] after being satisfied that the bank does not fulfil the conditions as required in terms of Section 22 (3) of the Act. The order is effec
ஆக. 01, 2012
Ernakulam District Co-operative Bank Ltd. - Penalised
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five lakh only) on Ernakulam District Co-operative Bank Limited, Ernakulam (Kerala), in exercise of 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 violating provisions of the Section 29(1)(b) of the Act ibid by granting unsecured loans to M/s Mithra Agricultural Produc
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five lakh only) on Ernakulam District Co-operative Bank Limited, Ernakulam (Kerala), in exercise of 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 violating provisions of the Section 29(1)(b) of the Act ibid by granting unsecured loans to M/s Mithra Agricultural Produc
ஜூலை 23, 2012
Sterling Urban Co-operative Bank Ltd., Jaipur - Penalised
The Reserve Bank of India has imposed a monetary penalty of `2.00 lakh (Rupees two lakh only) on Sterling Urban Co-operative Bank Ltd., Jaipur, in exercise of 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 violating the Reserve Bank of India instructions relating to Know Your Customer (KYC) norms and Anti Money Laundering (AML) directives. The Re
The Reserve Bank of India has imposed a monetary penalty of `2.00 lakh (Rupees two lakh only) on Sterling Urban Co-operative Bank Ltd., Jaipur, in exercise of 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 violating the Reserve Bank of India instructions relating to Know Your Customer (KYC) norms and Anti Money Laundering (AML) directives. The Re
ஜூலை 20, 2012
Revised Guidelines on Priority Sector Lending-Targets and Classification
The Reserve Bank of India today released on its website revised guidelines on Priority Sector Lending-Targets and Classification. The priority sectors are broadly taken as those sectors of the economy which, if not designated as priority sectors, may not get timely and adequate credit. Typically these are small value loans to farmers for agriculture and allied activities, micro and small enterprises, poor people for housing, students for education and other low income
The Reserve Bank of India today released on its website revised guidelines on Priority Sector Lending-Targets and Classification. The priority sectors are broadly taken as those sectors of the economy which, if not designated as priority sectors, may not get timely and adequate credit. Typically these are small value loans to farmers for agriculture and allied activities, micro and small enterprises, poor people for housing, students for education and other low income
ஜூலை 18, 2012
Pragati Sahkari Bank Ltd., Vadodara - Penalised
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on Pragati Sahkari Bank Ltd., Vadodara, 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 (AACS), for violation of Section 20 and 20A of the B.R. Act, 1949(AACS) regarding (i) director related advances; (ii) grant of unsecured loans beyond the stipulated ceiling and (iii) for not re
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on Pragati Sahkari Bank Ltd., Vadodara, 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 (AACS), for violation of Section 20 and 20A of the B.R. Act, 1949(AACS) regarding (i) director related advances; (ii) grant of unsecured loans beyond the stipulated ceiling and (iii) for not re
ஜூலை 16, 2012
Karad Urban Co-operative Bank Ltd., Karad - Penalised
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five lakh only) on Karad Urban Co-operative Bank Ltd., Karad , in exercise of 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 violation of instructions/guidelines of the Reserve Bank of India. The bank had violated RBI instructions contained in circular UBD No.RBL.77/J(
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five lakh only) on Karad Urban Co-operative Bank Ltd., Karad , in exercise of 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 violation of instructions/guidelines of the Reserve Bank of India. The bank had violated RBI instructions contained in circular UBD No.RBL.77/J(
ஜூன் 28, 2012
The Surat People's Co-operative Bank Ltd., Dist. Surat - Penalised
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five lakh only) on The Surat People's Co-operative Bank Ltd., Dist. Surat, in exercise of 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 violation of RBI directives/instructions regarding (i) establishment/ promotion of trusts, (ii) loans and advances to firms/companie
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five lakh only) on The Surat People's Co-operative Bank Ltd., Dist. Surat, in exercise of 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 violation of RBI directives/instructions regarding (i) establishment/ promotion of trusts, (ii) loans and advances to firms/companie
ஜூன் 27, 2012
The Bundi Urban Co-operative Bank Limited, Bundi, Rajasthan - Penalised
The Reserve Bank of India has imposed a monetary penalty of `2.00 lakh (Rupees two lakh only) on The Bundi Urban Co-operative Bank Limited, Bundi, Rajasthan in exercise of powers vested in it under the provisions of Section 47(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) as also the Section 30(1), read with Section 26(6), of the Payment and Settlement Systems Act, 2007, for repeated violations of Reserve B
The Reserve Bank of India has imposed a monetary penalty of `2.00 lakh (Rupees two lakh only) on The Bundi Urban Co-operative Bank Limited, Bundi, Rajasthan in exercise of powers vested in it under the provisions of Section 47(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) as also the Section 30(1), read with Section 26(6), of the Payment and Settlement Systems Act, 2007, for repeated violations of Reserve B
ஜூன் 25, 2012
The Dahod Urban Co-operative Bank Ltd., Dist. Dahod - Penalised
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees one lakh only) on The Dahod Urban Co-operative Bank Ltd., Dist. Dahod, in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS) for non-reporting/wrong submission of Cash Transaction Reports (CTRs) for cash transactions in excess of `10.00 lakhs to Financial Intelligence Unit-India (FIU-IND), as require
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees one lakh only) on The Dahod Urban Co-operative Bank Ltd., Dist. Dahod, in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS) for non-reporting/wrong submission of Cash Transaction Reports (CTRs) for cash transactions in excess of `10.00 lakhs to Financial Intelligence Unit-India (FIU-IND), as require
ஜூன் 20, 2012
The Kalol Nagrik Sahakari Bank Limited, Kalol, Dist. Gandhinagar (Gujarat) - Penalised
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five lakh only) on The Kalol Nagrik Sahakari Bank Limited, Kalol, Dist. Gandhinagar (Gujarat) in exercise of 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 violation of Reserve Bank of India instructions relating to Know Your Customer (KYC) norms and Anti Money Launder
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five lakh only) on The Kalol Nagrik Sahakari Bank Limited, Kalol, Dist. Gandhinagar (Gujarat) in exercise of 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 violation of Reserve Bank of India instructions relating to Know Your Customer (KYC) norms and Anti Money Launder
ஜூன் 18, 2012
The Jamnagar Peoples Co-operative Bank Ltd., Dist: Jamnagar - Penalised
The Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees one lakh only) on The Jamnagar Peoples Co-operative Bank Ltd., Dist: Jamnagar 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 (AACS), for violation of RBI directives related to (a) ceiling on exposure to individual non SLR investments and (b) prohibition from waiver of interest on a loan to an ex
The Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees one lakh only) on The Jamnagar Peoples Co-operative Bank Ltd., Dist: Jamnagar 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 (AACS), for violation of RBI directives related to (a) ceiling on exposure to individual non SLR investments and (b) prohibition from waiver of interest on a loan to an ex
ஜூன் 07, 2012
Reserve Bank Cancels the Licence of The Madhavpura Mercantile Co-perative Bank Ltd., Ahmedabad (Gujarat)
In view of the fact that The Madhavpura Mercantile Co-operative Bank Ltd, Ahmedabad (Gujarat) [the co-operative bank] had ceased to be solvent, all efforts to revive it in close consultation with the Government of India had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India (RBI) passed an order cancelling the banking licence issued to the co-operative bank with effect from the close of business on June 04, 2012. Th
In view of the fact that The Madhavpura Mercantile Co-operative Bank Ltd, Ahmedabad (Gujarat) [the co-operative bank] had ceased to be solvent, all efforts to revive it in close consultation with the Government of India had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India (RBI) passed an order cancelling the banking licence issued to the co-operative bank with effect from the close of business on June 04, 2012. Th
ஜூன் 01, 2012
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Unlicensed District Central Cooperative Banks
The Reserve Bank of India has issued in exercise of powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS) read with Section 56 of the Banking Regulation Act, 1949, certain Directions to the District Central Co-operative Banks namely the Osmanabad District Central Co-operative Bank Ltd., Osmanabad, the Jalna District Central Co-operative Bank Ltd., Jalna and the Dhule and Nandurbar District Central Co-operative Bank Ltd., D
The Reserve Bank of India has issued in exercise of powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS) read with Section 56 of the Banking Regulation Act, 1949, certain Directions to the District Central Co-operative Banks namely the Osmanabad District Central Co-operative Bank Ltd., Osmanabad, the Jalna District Central Co-operative Bank Ltd., Jalna and the Dhule and Nandurbar District Central Co-operative Bank Ltd., D
மே 29, 2012
Reserve Bank Cancels the Licence of the Chatrapur Co-operative Bank Ltd., Chatrapur, Odisha
In view of the fact that the Chatrapur Co-operative Bank Ltd., Chatrapur, Odisha had ceased to be solvent and with all efforts to revive it having failed and the depositors being inconvenienced by continued uncertainty, the Reserve Bank of India delivered to the bank the order cancelling its licence after the close of business on May 23, 2012. The Registrar of Co-operative Societies, Government of Odisha has also been requested to issue an order for winding up the ban
In view of the fact that the Chatrapur Co-operative Bank Ltd., Chatrapur, Odisha had ceased to be solvent and with all efforts to revive it having failed and the depositors being inconvenienced by continued uncertainty, the Reserve Bank of India delivered to the bank the order cancelling its licence after the close of business on May 23, 2012. The Registrar of Co-operative Societies, Government of Odisha has also been requested to issue an order for winding up the ban
மே 22, 2012
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - The Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad, (Gujarat)
The Reserve Bank of India has issued in exercise of powers vested in it under sub-section (1) of Section 35A of Banking Regulation Act, 1949 (AACS) read with Section 56 of the Banking Regulation Act, 1949, certain Directions to the Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad (Gujarat), whereby as from the close of business as on April 02, 2012, the aforesaid bank shall not, without prior approval in writing from the Reserve Bank of India, grant or renew any loan
The Reserve Bank of India has issued in exercise of powers vested in it under sub-section (1) of Section 35A of Banking Regulation Act, 1949 (AACS) read with Section 56 of the Banking Regulation Act, 1949, certain Directions to the Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad (Gujarat), whereby as from the close of business as on April 02, 2012, the aforesaid bank shall not, without prior approval in writing from the Reserve Bank of India, grant or renew any loan
மே 22, 2012
Reserve Bank Cancels the Licence of Bhimashankar Nagari Sahakari Bank Ltd.,Ausa, Dist. Latur (Maharashtra)
In view of the fact that Bhimashankar Nagari Sahakari Bank Ltd, Ausa, Dist. Latur (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 May 3, 2012 delivered its order dated April 25, 2012 to the bank cancelling its licence to carry out banking business. The Registrar of Co-operative Societie
In view of the fact that Bhimashankar Nagari Sahakari Bank Ltd, Ausa, Dist. Latur (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 May 3, 2012 delivered its order dated April 25, 2012 to the bank cancelling its licence to carry out banking business. The Registrar of Co-operative Societie
மே 15, 2012
The Patdi Nagrik Sahakari Bank Ltd., Patdi, Dist. Surendranagar - Penalised
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees one lakh only) on The Patdi Nagrik Sahakari Bank Ltd., Patdi, Dist. Surendranagar, in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS) for (i) violation of RBI instructions to disclose the penalty in its notes to accounts to the balance sheet as on March 31, 2011, (ii) non-adherence of operational
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees one lakh only) on The Patdi Nagrik Sahakari Bank Ltd., Patdi, Dist. Surendranagar, in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS) for (i) violation of RBI instructions to disclose the penalty in its notes to accounts to the balance sheet as on March 31, 2011, (ii) non-adherence of operational
மே 15, 2012
Reserve Bank of India imposes monetary penalty on National Urban Cooperative Bank Ltd of Delhi
The Reserve Bank of India has imposed a monetary penalty of `.5 lakh (Rupees Five lakh only) on the National Urban Cooperative Bank Ltd, C-3/ 84, New Kondli, Mayur Vihar, Phase III, Delhi -110096 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 directions/guidelines/instructions of the Reserve Bank of India on Loans and
The Reserve Bank of India has imposed a monetary penalty of `.5 lakh (Rupees Five lakh only) on the National Urban Cooperative Bank Ltd, C-3/ 84, New Kondli, Mayur Vihar, Phase III, Delhi -110096 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 directions/guidelines/instructions of the Reserve Bank of India on Loans and
ஏப். 26, 2012
The Udhna Citizen Co-operative Bank Ltd., Surat, (Gujarat)
The Reserve Bank of India had issued a directive, in the interest of public, to the Udhna Citizen Co-operative Bank Ltd., Surat (Gujarat), in exercise of the powers vested under sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 (AACS), from the close of business as on November 2, 2010, in terms of which the aforesaid bank shall not, without prior approval of RBI in writing grant or renew any loans an advances, make any investment, incur any liability
The Reserve Bank of India had issued a directive, in the interest of public, to the Udhna Citizen Co-operative Bank Ltd., Surat (Gujarat), in exercise of the powers vested under sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 (AACS), from the close of business as on November 2, 2010, in terms of which the aforesaid bank shall not, without prior approval of RBI in writing grant or renew any loans an advances, make any investment, incur any liability
ஏப். 11, 2012
Reserve Bank of India penalises Shri Vinayak Sahakari Bank Ltd., Ahmedabad
The Reserve Bank of India, in exercise of powers vested in it under the provisions of Section 47 A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS), imposed a monetary penalty of Rs. 5.00 lakh (Rupees five lakh only) on Shri Vinayak Sahakari Bank Ltd., Ahmedabad, for violation of RBI instructions/directions relating to operational instructions, destruction of records of banking transactions, non production of books of account before the Inspec
The Reserve Bank of India, in exercise of powers vested in it under the provisions of Section 47 A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS), imposed a monetary penalty of Rs. 5.00 lakh (Rupees five lakh only) on Shri Vinayak Sahakari Bank Ltd., Ahmedabad, for violation of RBI instructions/directions relating to operational instructions, destruction of records of banking transactions, non production of books of account before the Inspec
ஏப். 09, 2012
Reserve Bank Cancels the Licence of Shri Bhadran Mercantile Co-operative Bank Ltd., Bhadran (Gujarat)
In view of the fact that Shri Bhadran Mercantile Co-operative Bank Ltd, Bhadran (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 30, 2012 delivered its order dated March 21, 2012 to the bank cancelling its licence to carry out banking business. The Registrar of Co-operative Societies, Guja
In view of the fact that Shri Bhadran Mercantile Co-operative Bank Ltd, Bhadran (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 30, 2012 delivered its order dated March 21, 2012 to the bank cancelling its licence to carry out banking business. The Registrar of Co-operative Societies, Guja
ஏப். 03, 2012
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) The Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad, (Gujarat)
The Reserve Bank of India has issued in exercise of powers vested in it under sub-section (1) of Section 35A of Banking Regulation Act, 1949 (AACS) read with Section 56 of the Banking Regulation Act, 1949, certain Directions to the Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad (Gujarat), whereby as from the close of business as on April 02, 2012, the aforesaid bank shall not, without prior approval in writing from the Reserve Bank of India, grant or renew any loan
The Reserve Bank of India has issued in exercise of powers vested in it under sub-section (1) of Section 35A of Banking Regulation Act, 1949 (AACS) read with Section 56 of the Banking Regulation Act, 1949, certain Directions to the Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad (Gujarat), whereby as from the close of business as on April 02, 2012, the aforesaid bank shall not, without prior approval in writing from the Reserve Bank of India, grant or renew any loan
ஏப். 02, 2012
The Kheralu Nagarik Sahakari Bank Ltd., Dist. Mehsana (Gujarat) - Penalised
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five lakh only) on The Kheralu Nagarik Sahakari Bank Ltd., Dist. Mehsana (Gujarat), in exercise of 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 violation of Operational Instructions of the Reserve Bank of India and single/group borrower exposure norms. These violatio
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five lakh only) on The Kheralu Nagarik Sahakari Bank Ltd., Dist. Mehsana (Gujarat), in exercise of 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 violation of Operational Instructions of the Reserve Bank of India and single/group borrower exposure norms. These violatio
மார். 29, 2012
RBI keeps Normal Ways and Means Advances to the State Governments Unchanged for Fiscal 2012-13
The aggregate Normal Ways and Means Advances (WMA) limit for the State Governments inclusive of the Union Territory of Puducherry is placed at Rs.10,240 crore for the year 2012-13, the Reserve Bank of India stated today. The limits are unchanged from the last year's limits. Other terms and conditions of the Scheme would remain unchanged. The decision was taken after a review of the State-wise limits of Normal Ways and Means Advances (WMA) for the year 2011-12. Ajit Pr
The aggregate Normal Ways and Means Advances (WMA) limit for the State Governments inclusive of the Union Territory of Puducherry is placed at Rs.10,240 crore for the year 2012-13, the Reserve Bank of India stated today. The limits are unchanged from the last year's limits. Other terms and conditions of the Scheme would remain unchanged. The decision was taken after a review of the State-wise limits of Normal Ways and Means Advances (WMA) for the year 2011-12. Ajit Pr
மார். 29, 2012
Reserve Bank of India penalises The Siddhi Co-operative Bank Ltd., Ahmedabad.
The Reserve Bank of India, in exercise of powers vested in it under the provisions of Section 47 A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS), imposed a monetary penalty of Rs. 5.00 lakh (Rupees five lakh only) on The Siddhi Co-operative Bank Ltd., Ahmedabad, for violation of RBI instructions/ directions relating to non disclosure of penalty levied in its balance sheet and inordinate delay in reporting of Securities Transaction Reports (
The Reserve Bank of India, in exercise of powers vested in it under the provisions of Section 47 A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS), imposed a monetary penalty of Rs. 5.00 lakh (Rupees five lakh only) on The Siddhi Co-operative Bank Ltd., Ahmedabad, for violation of RBI instructions/ directions relating to non disclosure of penalty levied in its balance sheet and inordinate delay in reporting of Securities Transaction Reports (
மார். 29, 2012
Sulaimani Co-operative Bank Limited, Vadodara (Gujarat) - Penalised
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five lakh only) on the Sulaimani Co-operative Bank Limited, Vadodara (Gujarat) in exercise of 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 violation of operational instructions imposed on the bank by RBI, non-adherence to exposure ceiling prescribed for unsecured adv
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five lakh only) on the Sulaimani Co-operative Bank Limited, Vadodara (Gujarat) in exercise of 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 violation of operational instructions imposed on the bank by RBI, non-adherence to exposure ceiling prescribed for unsecured adv
மார். 28, 2012
The Harij Nagarik Sahakari Bank Ltd., Harij, Dist. Patan (Gujarat) - Penalised
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees one lakh only) on The Harij Nagarik Sahakari Bank Ltd., Harij, Dist. Patan (Gujarat), in exercise of 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 violation of Reserve Bank of India's instructions relating to Section 20A of B.R. Act, 1949 and Anti Money Laundering (AM
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees one lakh only) on The Harij Nagarik Sahakari Bank Ltd., Harij, Dist. Patan (Gujarat), in exercise of 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 violation of Reserve Bank of India's instructions relating to Section 20A of B.R. Act, 1949 and Anti Money Laundering (AM
மார். 28, 2012
Reserve Bank Cancels the Licence of The Bhusawal People’s Co-operative Bank Ltd., Bhusawal, Jalgaon (Maharashtra)
In view of the fact that The Bhusawal People’s Co-operative Bank Ltd., Bhusawal, 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 [RBI] delivered the order cancelling its licence to the bank and the same is effective from the close of business as on March 22, 2012. The Registrar of
In view of the fact that The Bhusawal People’s Co-operative Bank Ltd., Bhusawal, 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 [RBI] delivered the order cancelling its licence to the bank and the same is effective from the close of business as on March 22, 2012. The Registrar of
மார். 15, 2012
The United Co-operative Bank Ltd., Ahmedabad - Penalised
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five lakh only) on the The United Co-operative Bank Ltd., Ahmedabad, in exercise of 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 violation of Reserve Bank of India's instructions on Know your customer (KYC) norms, share linking norms, individual exposure ceiling, uns
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five lakh only) on the The United Co-operative Bank Ltd., Ahmedabad, in exercise of 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 violation of Reserve Bank of India's instructions on Know your customer (KYC) norms, share linking norms, individual exposure ceiling, uns
மார். 12, 2012
Reserve Bank Cancels the Licence of Krishna Valley Co-operative Bank Ltd., Kupwad, Sangli (Maharashtra)
In view of the fact that Krishna Valley Co-operative Bank Ltd., Kupwad, Sangli (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 with effect from the close of business on March 5, 2012. The Registrar of Co-operative Societies, Maharasht
In view of the fact that Krishna Valley Co-operative Bank Ltd., Kupwad, Sangli (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 with effect from the close of business on March 5, 2012. The Registrar of Co-operative Societies, Maharasht
பிப். 06, 2012
Manappuram Finance Limited, Thrissur cannot accept/renew Public Deposits : RBI
The Reserve Bank of India today advised that Manappuram Finance Limited, Thrissur, Kerala (earlier known as Manappuram General Finance and Leasing Ltd.), is not permitted under the Reserve Bank of India Act, 1934, to accept/renew deposits from the public. The Reserve Bank has stated that acceptance of deposits either by Manappuram Finance Limited or by Manappuram Agro Farms (MAGRO) is punishable with imprisonment and has cautioned members of public that those who depo
The Reserve Bank of India today advised that Manappuram Finance Limited, Thrissur, Kerala (earlier known as Manappuram General Finance and Leasing Ltd.), is not permitted under the Reserve Bank of India Act, 1934, to accept/renew deposits from the public. The Reserve Bank has stated that acceptance of deposits either by Manappuram Finance Limited or by Manappuram Agro Farms (MAGRO) is punishable with imprisonment and has cautioned members of public that those who depo
ஜன. 12, 2012
The Ghandhidham Co-operative Bank Ltd., Adipur, Dist. Kutch (Gujarat) - Penalised
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five lakh only) on the The Ghandhidham Co-operative Bank Ltd., Adipur, Dist. Kutch (Gujarat), in exercise of 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 violation of Reserve Bank of India's instructions relating to Know Your Customers (KYC) norms. The Reserve Bank o
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five lakh only) on the The Ghandhidham Co-operative Bank Ltd., Adipur, Dist. Kutch (Gujarat), in exercise of 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 violation of Reserve Bank of India's instructions relating to Know Your Customers (KYC) norms. The Reserve Bank o
ஜன. 06, 2012
Reserve Bank Cancels the Licence of Veershaiva Co-operative Bank Ltd., Mumbai (Maharashtra)
In view of the fact that Veershaiva 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 delivered the order cancelling its licence to the bank as on the close of business on December 30, 2011. The Registrar of Co-operative Societies, Maharashtra has also been re
In view of the fact that Veershaiva 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 delivered the order cancelling its licence to the bank as on the close of business on December 30, 2011. The Registrar of Co-operative Societies, Maharashtra has also been re
ஜன. 06, 2012
The Rajkot Nagrik Sahakari Bank Ltd., Rajkot - Penalised
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five lakh only) on The Rajkot Nagrik Sahakari Bank Ltd., Rajkot, in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS) for doing activities akin to travel agent, letting out its premises to shops, doll museum etc., not adhering to clean note policy and not preparing the balance sheet in the format me
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five lakh only) on The Rajkot Nagrik Sahakari Bank Ltd., Rajkot, in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS) for doing activities akin to travel agent, letting out its premises to shops, doll museum etc., not adhering to clean note policy and not preparing the balance sheet in the format me
டிச. 26, 2011
Money Masters Leasing & Finance Limited (MMLFL) Prohibited from accepting deposits
The Reserve Bank of India in exercise of powers vested in it under Section 45MB (1) and 45 MB (2) of the Reserve Bank of India Act, 1934, has prohibited with immediate effect Money Masters Leasing & Finance Limited, having its registered office at 1/18, Rizvi Park, S.V.Road, Santacruz (W), Mumbai–400054 from accepting public deposits from any person in any form whether by way of fresh deposits or renewal of the deposits or otherwise as well as from selling, transf
The Reserve Bank of India in exercise of powers vested in it under Section 45MB (1) and 45 MB (2) of the Reserve Bank of India Act, 1934, has prohibited with immediate effect Money Masters Leasing & Finance Limited, having its registered office at 1/18, Rizvi Park, S.V.Road, Santacruz (W), Mumbai–400054 from accepting public deposits from any person in any form whether by way of fresh deposits or renewal of the deposits or otherwise as well as from selling, transf
இந்திய ரிசர்வ் வங்கி மொபைல் செயலியை நிறுவுங்கள் மற்றும் சமீபத்திய செய்திகளுக்கான விரைவான அணுகலை பெறுங்கள்!
கடைசியாக புதுப்பிக்கப்பட்ட பக்கம்: செப்டம்பர் 06, 2024
