Press Releases - Regulating Co-operative Banking - ఆర్బిఐ - Reserve Bank of India
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సెప్టెం 19, 2013
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 had 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 Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad (Gujarat), whereby as from the close of business as on April 2, 2012, the aforesaid bank shall not, without prior approval in writing from the Reserve Bank of India, grant or renew any l
The Reserve Bank of India had 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 Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad (Gujarat), whereby as from the close of business as on April 2, 2012, the aforesaid bank shall not, without prior approval in writing from the Reserve Bank of India, grant or renew any l
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సెప్టెం 17, 2013
RBI penalises Karjan Nagrik Sahakari Bank Ltd., Karjan Dist.Vadodara (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees One Lakh only) on the Karjan Nagrik Sahakari Bank Ltd., Karjan Dist. Vadodara (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 KYC norms. The Reserve Bank of India had issued a Show Cause Notice to the
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees One Lakh only) on the Karjan Nagrik Sahakari Bank Ltd., Karjan Dist. Vadodara (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 KYC norms. The Reserve Bank of India had issued a Show Cause Notice to the
సెప్టెం 17, 2013
RBI cancels Licence of Mahatma Fule Urban Co-operative Bank Ltd., Patoda, Dist. Beed (Maharashtra)
The Reserve Bank of India has, effective August 24, 2013, cancelled the licence of Mahatma Fule Urban Co-operative Bank Ltd, Patoda, Dist. Beed (Maharashtra) as it had ceased to be solvent and the depositors were being inconvenienced by the continued uncertainty. Consequent to the cancellation of its licence, Mahatma Fule Urban Co-operative Bank Ltd., Patoda Dist. Beed (Maharashtra) is prohibited from carrying on business of ‘banking’ as defined in Section 5(b) of the
The Reserve Bank of India has, effective August 24, 2013, cancelled the licence of Mahatma Fule Urban Co-operative Bank Ltd, Patoda, Dist. Beed (Maharashtra) as it had ceased to be solvent and the depositors were being inconvenienced by the continued uncertainty. Consequent to the cancellation of its licence, Mahatma Fule Urban Co-operative Bank Ltd., Patoda Dist. Beed (Maharashtra) is prohibited from carrying on business of ‘banking’ as defined in Section 5(b) of the
సెప్టెం 13, 2013
Reserve Bank cancels the licence of The Srikakulam Co-operative Urban Bank Ltd., Srikakulam - Andhra Pradesh
In view of the fact that The Srikakulam Co-operative Urban Bank Ltd., Srikakulam (Andhra Pradesh) had ceased to be solvent, all efforts to revive it had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence, dated August 23, 2013 to the bank on August 27, 2013. The Registrar of Co-operative Societies, Andhra Pradesh has also been requested to issue an order for winding up the
In view of the fact that The Srikakulam Co-operative Urban Bank Ltd., Srikakulam (Andhra Pradesh) had ceased to be solvent, all efforts to revive it had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence, dated August 23, 2013 to the bank on August 27, 2013. The Registrar of Co-operative Societies, Andhra Pradesh has also been requested to issue an order for winding up the
సెప్టెం 10, 2013
RBI penalises Jamia Cooperative Bank Ltd, 2/9, Surya Complex, Sarai Julena, Okhla Road, New Delhi - 110025
The Reserve Bank of India has imposed a monetary penalty of `2 lakh (` Two lakh ) on Jamia Cooperative Bank Ltd, 2/9, Surya Complex, Sarai Jullena, Okhla Road, New Delhi -110025. The penalty has been imposed on the bank for violation of (i) Know Your Customer (KYC) and Anti Money Laundering (AML) norms insofar as carrying out sufficient customer identification procedures, ascertaining the identification of natural persons behind entities, carrying out enhanced due dil
The Reserve Bank of India has imposed a monetary penalty of `2 lakh (` Two lakh ) on Jamia Cooperative Bank Ltd, 2/9, Surya Complex, Sarai Jullena, Okhla Road, New Delhi -110025. The penalty has been imposed on the bank for violation of (i) Know Your Customer (KYC) and Anti Money Laundering (AML) norms insofar as carrying out sufficient customer identification procedures, ascertaining the identification of natural persons behind entities, carrying out enhanced due dil
సెప్టెం 06, 2013
RBI imposes penalty on The Karjan Nagarik Sahakari Bank Ltd., Karjan, District Vadodara (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees one lakh only) on The Karjan Nagarik Sahakari Bank Ltd., Karjan, District Vadodara (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 Reserve Bank's instructions relating to 'know your customer' (KYC) norms. The Reserve Bank had
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees one lakh only) on The Karjan Nagarik Sahakari Bank Ltd., Karjan, District Vadodara (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 Reserve Bank's instructions relating to 'know your customer' (KYC) norms. The Reserve Bank had
ఆగ 27, 2013
RBI imposes penalty on The Baripada Urban Co-operative Bank Ltd., Baripada
The Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees one lakh only) on The Baripada Urban Co-operative Bank Ltd., Baripada, 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 provisions of Section 31 of the Banking Regulation Act, 1949 (AACS) relating to publication/submission of accounts a
The Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees one lakh only) on The Baripada Urban Co-operative Bank Ltd., Baripada, 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 provisions of Section 31 of the Banking Regulation Act, 1949 (AACS) relating to publication/submission of accounts a
ఆగ 26, 2013
RBI Directions on The Municipal Co-operative Bank Ltd., Ahmedabad extended
The Municipal Co-operative Bank Ltd., Ahmedabad was imposed directions by Reserve Bank of India vide its Directive UBD.CO.NSB.II/D-85/12.21.114/2009-10 dated February 8, 2010, effective from close of business on February 15, 2010, in exercise of the powers vested under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies). The period of Directions imposed which was expiring on August 14, 2013, has since been furth
The Municipal Co-operative Bank Ltd., Ahmedabad was imposed directions by Reserve Bank of India vide its Directive UBD.CO.NSB.II/D-85/12.21.114/2009-10 dated February 8, 2010, effective from close of business on February 15, 2010, in exercise of the powers vested under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies). The period of Directions imposed which was expiring on August 14, 2013, has since been furth
ఆగ 23, 2013
RBI penalises six banks
The Reserve Bank has imposed monetary penalty on the following six banks for violation of Reserve Bank of India instructions, inter alia, on Know Your Customer/Anti Money Laundering. The details of the penalty are: Sl. No. Name of the bank Penalty Amount (in ` Crore) 1 Allahabad Bank 0.50 2 Bank of Maharashtra 0.501 3 Corporation Bank 1.50 4 Dena Bank 2.00 5 IDBI Bank Ltd. 1.00 6 Indian Bank 1.00 The penalties have been imposed in exercise of powers vested in the Rese
The Reserve Bank has imposed monetary penalty on the following six banks for violation of Reserve Bank of India instructions, inter alia, on Know Your Customer/Anti Money Laundering. The details of the penalty are: Sl. No. Name of the bank Penalty Amount (in ` Crore) 1 Allahabad Bank 0.50 2 Bank of Maharashtra 0.501 3 Corporation Bank 1.50 4 Dena Bank 2.00 5 IDBI Bank Ltd. 1.00 6 Indian Bank 1.00 The penalties have been imposed in exercise of powers vested in the Rese
ఆగ 22, 2013
Reserve Bank of India penalizes Nagrik Sahakari Bank Ltd., Indore (Madhya Pradesh)
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on The Nagrik Sahakari Bank Ltd., Indore (Madhya Pradesh), 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 directive and section 36(1) of the Banking Regulation Act, 1949 (AACS) relating to loans and advances to directo
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on The Nagrik Sahakari Bank Ltd., Indore (Madhya Pradesh), 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 directive and section 36(1) of the Banking Regulation Act, 1949 (AACS) relating to loans and advances to directo
ఆగ 20, 2013
RBI Directions on Rupee Co-operative Bank Ltd. extended
The Reserve Bank of India has, on August 14, 2013, extended the validity period of directions imposed on Rupee Co-operative Bank Ltd., Pune, Maharashtra for a further period of six months from August 22, 2013 to February 21, 2014. The other terms and conditions remain unchanged. A copy of the Reserve Bank’s direction dated August 14, 2013 notifying the modification is displayed at the bank’s premises for the perusal of public. The modification should not per se be con
The Reserve Bank of India has, on August 14, 2013, extended the validity period of directions imposed on Rupee Co-operative Bank Ltd., Pune, Maharashtra for a further period of six months from August 22, 2013 to February 21, 2014. The other terms and conditions remain unchanged. A copy of the Reserve Bank’s direction dated August 14, 2013 notifying the modification is displayed at the bank’s premises for the perusal of public. The modification should not per se be con
ఆగ 08, 2013
Reserve Bank of India penalizes The Gandhidham Mercantile Cooperative Bank Ltd., Dist. Kutch (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of ` 5 lakh (Rupees Five Lakh only) on The Gandhidham Mercantile Cooperative Bank Ltd, Dist. Kutch (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 Cooperative Societies) for violation of guidelines of the Reserve Bank on disclosure of monetary penalty in public domain, lending for purchase o
The Reserve Bank of India has imposed a monetary penalty of ` 5 lakh (Rupees Five Lakh only) on The Gandhidham Mercantile Cooperative Bank Ltd, Dist. Kutch (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 Cooperative Societies) for violation of guidelines of the Reserve Bank on disclosure of monetary penalty in public domain, lending for purchase o
ఆగ 06, 2013
Reserve Bank of India penalizes The Sarvodaya Sahakari Bank Ltd., Surat (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees One Lakh Only) on The Sarvodaya Sahakari Bank Ltd., Surat (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A(1) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI instructions by making donation in excess of prescribed ceiling. The Reserve Bank of India had issued a show cause notice
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees One Lakh Only) on The Sarvodaya Sahakari Bank Ltd., Surat (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A(1) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI instructions by making donation in excess of prescribed ceiling. The Reserve Bank of India had issued a show cause notice
ఆగ 01, 2013
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) Kokan Prant Sahakari Bank Ltd., Mumbai, Maharashtra
It is hereby notified for the information of the public that validity period of directions imposed on Kokan Prant Sahakari Bank Ltd., Mumbai, Maharashtra vide our directive UBD.CO.BSD-I/.D-04/12.22.114/2012-13 dated August 06, 2012, has been extended further vide modified directive UBD.CO.BSD I/D-2/12.22.114/2013-14 dated July 29, 2013 further for a period of three months i.e. from August 07, 2013 to November 06, 2013. The other terms and conditions remain unchanged.
It is hereby notified for the information of the public that validity period of directions imposed on Kokan Prant Sahakari Bank Ltd., Mumbai, Maharashtra vide our directive UBD.CO.BSD-I/.D-04/12.22.114/2012-13 dated August 06, 2012, has been extended further vide modified directive UBD.CO.BSD I/D-2/12.22.114/2013-14 dated July 29, 2013 further for a period of three months i.e. from August 07, 2013 to November 06, 2013. The other terms and conditions remain unchanged.
జులై 17, 2013
Reserve Bank of India penalizes The Nasik Merchants’ Co-operative Bank Ltd., Nasik, Maharashtra
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five Lakh Only) on The Nasik Merchants’ Co-operative Bank Ltd., Nasik, Maharashtra, in exercise of the powers vested in it under the provisions of Section 46(4) read with Section 47A(1)(a) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of instructions/ guidelines of the Reserve Bank of India. Inspection of the bank with reference to its position
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five Lakh Only) on The Nasik Merchants’ Co-operative Bank Ltd., Nasik, Maharashtra, in exercise of the powers vested in it under the provisions of Section 46(4) read with Section 47A(1)(a) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of instructions/ guidelines of the Reserve Bank of India. Inspection of the bank with reference to its position
జులై 15, 2013
RBI penalises 22 Banks
The Reserve Bank of India has imposed monetary penalty on the following 22 banks for violation of its instructions, among other things, on Know Your Customer/Anti Money Laundering. The details are: Monetary Penalty Sl. No. Name of the bank Penalty Amount (in ` crore) 1 Andhra Bank 2.50 2 Bank of Baroda 3.00 3 Bank of India 3.00 4 Canara Bank 3.001 5 Central Bank of India 3.00 6 Deutsche Bank A.G. 1.00 7 Development Credit Bank Ltd. 1.00 8 Dhanlaxmi Bank Ltd. 2.00 9 In
The Reserve Bank of India has imposed monetary penalty on the following 22 banks for violation of its instructions, among other things, on Know Your Customer/Anti Money Laundering. The details are: Monetary Penalty Sl. No. Name of the bank Penalty Amount (in ` crore) 1 Andhra Bank 2.50 2 Bank of Baroda 3.00 3 Bank of India 3.00 4 Canara Bank 3.001 5 Central Bank of India 3.00 6 Deutsche Bank A.G. 1.00 7 Development Credit Bank Ltd. 1.00 8 Dhanlaxmi Bank Ltd. 2.00 9 In
జులై 01, 2013
RBI discloses the names of applicants for new bank licences in the private sector
The Reserve Bank of India in all received 26 (twenty six) applications. The names of the applicants are: Aditya Birla Nuvo Ltd., Mumbai. Bajaj Finserv Ltd., Pune. Bandhan Financial Services Pvt. Ltd., Kolkata. Department of Posts, New Delhi. Edelweiss Financial Services Limited, Mumbai. IDFC Limited, Mumbai. IFCI Limited, New Delhi. Indiabulls Housing Finance Limited, New Delhi. India Infoline Ltd., Mumbai. INMACS Management Services Limited, Gurgaon. Janalakshmi Fina
The Reserve Bank of India in all received 26 (twenty six) applications. The names of the applicants are: Aditya Birla Nuvo Ltd., Mumbai. Bajaj Finserv Ltd., Pune. Bandhan Financial Services Pvt. Ltd., Kolkata. Department of Posts, New Delhi. Edelweiss Financial Services Limited, Mumbai. IDFC Limited, Mumbai. IFCI Limited, New Delhi. Indiabulls Housing Finance Limited, New Delhi. India Infoline Ltd., Mumbai. INMACS Management Services Limited, Gurgaon. Janalakshmi Fina
జూన్ 26, 2013
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - The Merchants' Co-operative Bank Ltd., Dhule, Maharashtra
It is hereby notified for the information of the public that validity period of directions imposed on The Merchants' Co-operative Bank Ltd., Dhule, Maharashtra vide RBI's directive UBD.CO.BSD-I.No.D-23/12.22.147/2012-13 dated December 12, 2012 has been extended for a further period of six months from June 13, 2013 to December 12, 2013 vide RBI's modified directive UBD.CO.BSD-I.No.D-47/12.22.147/ 2012-13 dated June 3, 2013 subject to review. The other terms and conditi
It is hereby notified for the information of the public that validity period of directions imposed on The Merchants' Co-operative Bank Ltd., Dhule, Maharashtra vide RBI's directive UBD.CO.BSD-I.No.D-23/12.22.147/2012-13 dated December 12, 2012 has been extended for a further period of six months from June 13, 2013 to December 12, 2013 vide RBI's modified directive UBD.CO.BSD-I.No.D-47/12.22.147/ 2012-13 dated June 3, 2013 subject to review. The other terms and conditi
జూన్ 19, 2013
Reserve Bank Cancels the Licence of Vaishali Urban Co-operative Bank Ltd. (Jaipur)
In view of the fact that The Vaishali Urban Co-operative Bank Ltd. Jaipur, Rajasthan, has ceased to be solvent, all efforts to revive it having failed and the depositors being inconvenienced by the continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank on June 12, 2013. The Registrar of Co-operative societies, Government of Rajasthan has also been requested to issue an order for winding up the bank and appoint a liquida
In view of the fact that The Vaishali Urban Co-operative Bank Ltd. Jaipur, Rajasthan, has ceased to be solvent, all efforts to revive it having failed and the depositors being inconvenienced by the continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank on June 12, 2013. The Registrar of Co-operative societies, Government of Rajasthan has also been requested to issue an order for winding up the bank and appoint a liquida
జూన్ 10, 2013
The Hyderabad District Co-operative Central Bank Ltd., Andhra Pradesh - Penalised
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on The Hyderabad District Co-operative Central Bank Ltd., Andhra Pradesh 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 non-adherence to Know Your Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of Indi
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on The Hyderabad District Co-operative Central Bank Ltd., Andhra Pradesh 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 non-adherence to Know Your Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of Indi
జూన్ 10, 2013
RBI penalises Axis Bank, HDFC Bank and ICICI Bank
The Reserve Bank has imposed a monetary penalty on Axis Bank, HDFC Bank and ICICI Bank for violating Reserve Bank of India instructions. The details of the penalty are: Bank Penalty amount (` in lakh) Axis Bank Ltd. 500.10 HDFC Bank Ltd. 450.00 ICICI Bank Ltd. 100.10 The penalties have been imposed in exercise of powers vested in the Reserve Bank under the provisions of Section 47(A)(1)( c ) read with Section 46(4)(i) of the Banking Regulation Act, 1949, It may be rec
The Reserve Bank has imposed a monetary penalty on Axis Bank, HDFC Bank and ICICI Bank for violating Reserve Bank of India instructions. The details of the penalty are: Bank Penalty amount (` in lakh) Axis Bank Ltd. 500.10 HDFC Bank Ltd. 450.00 ICICI Bank Ltd. 100.10 The penalties have been imposed in exercise of powers vested in the Reserve Bank under the provisions of Section 47(A)(1)( c ) read with Section 46(4)(i) of the Banking Regulation Act, 1949, It may be rec
మే 31, 2013
Jain Co-Operative Bank Ltd, 80 Darya Ganj, New Delhi - Penalised
The Reserve Bank of India has imposed a monetary penalty of `2 lakh (` Two lakh ) on the Jain Cooperative Bank Ltd, 80 Darya Ganj, New Delhi -110002 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 violations on inter-bank exposure limit, exposure to real estate sector, non-adherence to KYC guidelines, non-adherence to the Do’s and Don
The Reserve Bank of India has imposed a monetary penalty of `2 lakh (` Two lakh ) on the Jain Cooperative Bank Ltd, 80 Darya Ganj, New Delhi -110002 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 violations on inter-bank exposure limit, exposure to real estate sector, non-adherence to KYC guidelines, non-adherence to the Do’s and Don
మే 29, 2013
Bhilwara Mahila Urban Co-Operative Bank Ltd, Bhilwara - Penalised
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 (AACS), imposed a monetary penalty of `1.00 lakh ( ` one lakh only ) on the Bhilwara Mahila Urban Co-operative Bank Limited, Bhilwara, for violating the RBI guidelines/directives pertaining to breach of ceiling on unsecured advances and loans to relatives of directors of the bank. The Reserve Bank of I
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 (AACS), imposed a monetary penalty of `1.00 lakh ( ` one lakh only ) on the Bhilwara Mahila Urban Co-operative Bank Limited, Bhilwara, for violating the RBI guidelines/directives pertaining to breach of ceiling on unsecured advances and loans to relatives of directors of the bank. The Reserve Bank of I
మే 27, 2013
Reserve Bank Cancels the Licence of Arjun Urban Co-operative Bank Ltd., Solapur, (Maharashtra)
In view of the fact that Arjun Urban Co-operative Bank Ltd, Solapur, (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 May 21, 2013. The Registrar of Co-operative Societie
In view of the fact that Arjun Urban Co-operative Bank Ltd, Solapur, (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 May 21, 2013. The Registrar of Co-operative Societie
మే 23, 2013
Reserve Bank Cancels the Licence of Arjun Urban Co-Operative Bank Ltd., Dist. Solapur, Maharashtra for carrying on banking business
It is hereby notified for the information of the public that the Reserve Bank of India has cancelled vide order dated May 21, 2013, the licence of Arjun Urban Co-Operative Bank Ltd. Dist. Solapur, Maharashtra to carry on banking business under Section 22 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of Banking Regulation Act, 1949. As such, the bank is precluded from transacting the business of 'banking' as defined
It is hereby notified for the information of the public that the Reserve Bank of India has cancelled vide order dated May 21, 2013, the licence of Arjun Urban Co-Operative Bank Ltd. Dist. Solapur, Maharashtra to carry on banking business under Section 22 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of Banking Regulation Act, 1949. As such, the bank is precluded from transacting the business of 'banking' as defined
మే 17, 2013
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Shri Shivaji Sahakari Bank Ltd., Gadhinglaj, Dist. Kolhapur, Maharashtra
It is hereby notified for the information of the public that validity period of directions imposed on Shri Shivaji Sahakari Bank Ltd., Gadhinglaj, Dist. Kolhapur vide RBI's directive UBD.CO.BSD-I.No.D-61/12.22.249/2011-12 dated October 24, 2011 has been extended for a further period of six months from April 25, 2013 to October 24, 2013 vide RBI's modified directive UBD.CO.BSD-I.No.D-42/12.22.249/ 2012-13 dated April 16, 2013 subject to review. The other terms and cond
It is hereby notified for the information of the public that validity period of directions imposed on Shri Shivaji Sahakari Bank Ltd., Gadhinglaj, Dist. Kolhapur vide RBI's directive UBD.CO.BSD-I.No.D-61/12.22.249/2011-12 dated October 24, 2011 has been extended for a further period of six months from April 25, 2013 to October 24, 2013 vide RBI's modified directive UBD.CO.BSD-I.No.D-42/12.22.249/ 2012-13 dated April 16, 2013 subject to review. The other terms and cond
మే 03, 2013
RBI imposes penalty on The Bechraji Nagrik Sahakari Bank Ltd., Mehsana (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees one lakh only) on The Bechraji Nagrik Sahakari 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 RBI Directive No.5 dated April 29, 2003 read with Section 20 of the B.R. Act, 1949, (AACS) by granting loans t
The Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees one lakh only) on The Bechraji Nagrik Sahakari 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 RBI Directive No.5 dated April 29, 2003 read with Section 20 of the B.R. Act, 1949, (AACS) by granting loans t
మే 03, 2013
RBI imposes penalty on The Financial Cooperative Bank Ltd., Surat (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees one lakh only) on The Financial Cooperative Bank Ltd., Surat (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 RBI instructions by exceeding the ceiling prescribed for inter-bank deposit exposure limit. The Reserve Bank of Ind
The Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees one lakh only) on The Financial Cooperative Bank Ltd., Surat (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 RBI instructions by exceeding the ceiling prescribed for inter-bank deposit exposure limit. The Reserve Bank of Ind
ఏప్రి 16, 2013
RBI imposes penalty on Vasantdada Nagari Sahakari Bank Ltd., Osmanabad
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five Lakh only) on the Vasantdada Nagari Sahakari Bank Ltd. Osmanabad, 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 maximum limit on unsecured advances, sanctioning loans and ad
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five Lakh only) on the Vasantdada Nagari Sahakari Bank Ltd. Osmanabad, 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 maximum limit on unsecured advances, sanctioning loans and ad
ఏప్రి 12, 2013
RBI penalises Unjha Nagrik Sahakari Bank Ltd., Mehsana (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees One Lakh only) on the Unjha Nagrik Sahakari Bank Ltd., Mehsana (Gujarat) for violation of Section 14A of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), and the directives/guidelines issued by the Reserve Bank of India on Individual and Group Exposure Limits. The penalty has been imposed in exercise of the powers vested in the Reserve Bank under the provisions o
The Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees One Lakh only) on the Unjha Nagrik Sahakari Bank Ltd., Mehsana (Gujarat) for violation of Section 14A of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), and the directives/guidelines issued by the Reserve Bank of India on Individual and Group Exposure Limits. The penalty has been imposed in exercise of the powers vested in the Reserve Bank under the provisions o
ఏప్రి 04, 2013
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 RBI directive UBD.CO.BSD-I.No.D-56/12.22.332/2011-12 dated September 29, 2011 has been extended further vide modified directive UBD.CO.BSD-I.No.D-36/12.22.332/2012-13 dated March 20, 2013 for a period of six months i.e. from March 29, 2013 to September 28, 2013. The other terms and conditions re
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 RBI directive UBD.CO.BSD-I.No.D-56/12.22.332/2011-12 dated September 29, 2011 has been extended further vide modified directive UBD.CO.BSD-I.No.D-36/12.22.332/2012-13 dated March 20, 2013 for a period of six months i.e. from March 29, 2013 to September 28, 2013. The other terms and conditions re
ఏప్రి 03, 2013
RBI places Shree Ganesh Sahakari Bank Ltd., Nashik, Maharashtra under Directions
The Reserve Bank of India has placed Shree Ganesh Sahakari Bank Ltd., Nashik, Maharashtra, under Directions. According to the Directions, depositors will be allowed to withdraw a sum not exceeding `1000/- (Rupees one thousand only) of the total balance held in every savings bank or current account or any other deposit account by whatever name called, subject to conditions stipulated in the RBI Directions. Shree Ganesh Sahakari Bank Ltd. will, without prior approval in
The Reserve Bank of India has placed Shree Ganesh Sahakari Bank Ltd., Nashik, Maharashtra, under Directions. According to the Directions, depositors will be allowed to withdraw a sum not exceeding `1000/- (Rupees one thousand only) of the total balance held in every savings bank or current account or any other deposit account by whatever name called, subject to conditions stipulated in the RBI Directions. Shree Ganesh Sahakari Bank Ltd. will, without prior approval in
ఏప్రి 02, 2013
Reserve Bank of India penalizes Sanmitra Sahakari Bank Ltd., Pune
The Reserve Bank of India, has imposed a monetary penalty of ` 1.00 lakh (Rupees one lakh only) on Sanmitra Sahakari Bank Ltd., Pune 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 violation of operational instructions relating to opening of new branch without prior permission of the Reserve Bank of India. The Reserve Bank of India had issued show cause notice to th
The Reserve Bank of India, has imposed a monetary penalty of ` 1.00 lakh (Rupees one lakh only) on Sanmitra Sahakari Bank Ltd., Pune 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 violation of operational instructions relating to opening of new branch without prior permission of the Reserve Bank of India. The Reserve Bank of India had issued show cause notice to th
మార్చి 28, 2013
RBI keeps Normal Ways and Means Advances to the State Governments Unchanged for Fiscal 2013-14
The aggregate Normal Ways and Means Advances (WMA) limit for the State Governments inclusive of the Union Territory of Puducherry is placed at `10,240 crore for the year 2013-14. 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 WMA for the year 2012-13. R.R. Sinha Deputy General Manager Press Release : 2012-2013/1637
The aggregate Normal Ways and Means Advances (WMA) limit for the State Governments inclusive of the Union Territory of Puducherry is placed at `10,240 crore for the year 2013-14. 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 WMA for the year 2012-13. R.R. Sinha Deputy General Manager Press Release : 2012-2013/1637
మార్చి 28, 2013
The Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad now to be under RBI Directions till October 02, 2013
The Reserve Bank of India has extended the period of directions imposed on the The Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad for further six months. The Bank with thus continue to be under directions from April 02, 2013 to October 02, 2013. The modified directive has been displayed on the bank premises for interested members of public to peruse. The Reserve Bank has initially imposed directions on the The Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad from
The Reserve Bank of India has extended the period of directions imposed on the The Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad for further six months. The Bank with thus continue to be under directions from April 02, 2013 to October 02, 2013. The modified directive has been displayed on the bank premises for interested members of public to peruse. The Reserve Bank has initially imposed directions on the The Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad from
మార్చి 22, 2013
Reserve Bank of India penalizes Gujarat Mercantile Co-operative Bank Ltd., Ahmedabad (Gujarat)
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 ` 2.00 lakh (Rupees two lakh only) on Gujarat Mercantile Co-operative Bank Ltd., Ahmedabad for violation of the Banking Regulation Act, 1949 (AACS) / RBI directives / instructions relating to prohibition of loans and advances to directors/ relatives/related concerns.
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 ` 2.00 lakh (Rupees two lakh only) on Gujarat Mercantile Co-operative Bank Ltd., Ahmedabad for violation of the Banking Regulation Act, 1949 (AACS) / RBI directives / instructions relating to prohibition of loans and advances to directors/ relatives/related concerns.
మార్చి 08, 2013
Reserve Bank Cancels the Licence of Abhinav Sahakari Bank Ltd., Rahuri (Maharashtra)
In view of the fact that Abhinav Sahakari Bank Ltd, Rahuri, Maharashtra had ceased to be solvent and all efforts to revive it in close consultation with the Government of Maharashtra had failed, the Reserve Bank of India delivered the order cancelling its licence to the bank as on the close of business on February 07, 2013. The Registrar of Co-operative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator fo
In view of the fact that Abhinav Sahakari Bank Ltd, Rahuri, Maharashtra had ceased to be solvent and all efforts to revive it in close consultation with the Government of Maharashtra had failed, the Reserve Bank of India delivered the order cancelling its licence to the bank as on the close of business on February 07, 2013. The Registrar of Co-operative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator fo
మార్చి 05, 2013
RBI places Surat Nagrik Sahakari Bank Ltd., Surat, Gujarat under Directions
The Reserve Bank of India has placed Surat Nagrik Sahakari Bank Ltd., Surat under Directions. According to the Directions, depositors will be allowed to withdraw a sum not exceeding ` 1000/- (Rupees One thousand only) of the total balance held in every savings bank or current account or any other deposit account by whatever name called, subject to conditions stipulated in the RBI Directions. Surat Nagrik Sahakari Bank Ltd., Surat will, without prior approval of RBI in
The Reserve Bank of India has placed Surat Nagrik Sahakari Bank Ltd., Surat under Directions. According to the Directions, depositors will be allowed to withdraw a sum not exceeding ` 1000/- (Rupees One thousand only) of the total balance held in every savings bank or current account or any other deposit account by whatever name called, subject to conditions stipulated in the RBI Directions. Surat Nagrik Sahakari Bank Ltd., Surat will, without prior approval of RBI in
ఫిబ్ర 25, 2013
RBI places Rupee Co-operative Bank, Maharashtra under Directions
The Reserve Bank of India has placed Rupee Co-operative bank Ltd., Dist. Pune, Maharashtra, under Directions. According to the Directions, depositors will be allowed to withdraw a sum not exceeding `1000/- (Rupees one thousand only) of the total balance held in every savings bank or current account or any other deposit account by whatever name called, subject to conditions stipulated in the RBI Directions. Rupee Co-operative Bank will, without prior approval in writin
The Reserve Bank of India has placed Rupee Co-operative bank Ltd., Dist. Pune, Maharashtra, under Directions. According to the Directions, depositors will be allowed to withdraw a sum not exceeding `1000/- (Rupees one thousand only) of the total balance held in every savings bank or current account or any other deposit account by whatever name called, subject to conditions stipulated in the RBI Directions. Rupee Co-operative Bank will, without prior approval in writin
ఫిబ్ర 15, 2013
The Municipal Co-operative Bank Ltd. Ahmedabad
The Municipal Co-operative Bank Ltd., Ahmedabad was imposed directions by Reserve Bank of India vide its Directive UBD. CO.NSB.II. / D-85 /12.21.114/ 2009-10 dated February 08, 2010, effective from the close of business on February 15, 2010, in exercise of the powers vested under sub–section (1) of Section 35 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies). The period of directions imposed which was expiring on February 14, 2013, has si
The Municipal Co-operative Bank Ltd., Ahmedabad was imposed directions by Reserve Bank of India vide its Directive UBD. CO.NSB.II. / D-85 /12.21.114/ 2009-10 dated February 08, 2010, effective from the close of business on February 15, 2010, in exercise of the powers vested under sub–section (1) of Section 35 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies). The period of directions imposed which was expiring on February 14, 2013, has si
ఫిబ్ర 13, 2013
Reserve Bank Cancels the Licence of Abhinav Sahakari Bank Ltd., Rahuri Dist. Ahmednagar, Maharashtra for carrying on banking business
It is hereby notified for the information of the public that the Reserve Bank of India vide order dated February 1, 2013 has cancelled the licence of Abhinav Sahakari Bank Ltd., Rahuri, Dist. Ahmednagar, Maharashtra to carry on banking business under Section 22 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies). As such, the bank is precluded from transacting the business of 'banking' as defined in Section 5(b) of the Banking Regulation Act,
It is hereby notified for the information of the public that the Reserve Bank of India vide order dated February 1, 2013 has cancelled the licence of Abhinav Sahakari Bank Ltd., Rahuri, Dist. Ahmednagar, Maharashtra to carry on banking business under Section 22 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies). As such, the bank is precluded from transacting the business of 'banking' as defined in Section 5(b) of the Banking Regulation Act,
ఫిబ్ర 12, 2013
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) Kokan Prant Sahakari Bank Ltd., Mumbai, Maharashtra
It is hereby notified for the information of the public that validity period of directions imposed on Kokan Prant Sahakari Bank Ltd.,Mumbai, Maharashtra vide our directive UBD.CO.BSD-I.No.D-04/12.22.114/2012-13 dated August 06, 2012, has been extended further vide modified directive UBD.CO.BSD I/D-25/12.22.114/2012-13 dated January 28,2013 for a period of six months i.e. from February 07,2013 to August 06,2013 . The other terms and conditions remain unchanged. A copy
It is hereby notified for the information of the public that validity period of directions imposed on Kokan Prant Sahakari Bank Ltd.,Mumbai, Maharashtra vide our directive UBD.CO.BSD-I.No.D-04/12.22.114/2012-13 dated August 06, 2012, has been extended further vide modified directive UBD.CO.BSD I/D-25/12.22.114/2012-13 dated January 28,2013 for a period of six months i.e. from February 07,2013 to August 06,2013 . The other terms and conditions remain unchanged. A copy
జన 03, 2013
Reserve Bank Cancels the Licence of Swami Samarth Sahakari Bank Ltd., Akkalkot, Solapur, (Maharashtra)
In view of the fact that Swami Samarth Sahakari Bank Ltd., Akkalkot, Solapur, (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 December 28, 2012. The Registrar of Co-oper
In view of the fact that Swami Samarth Sahakari Bank Ltd., Akkalkot, Solapur, (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 December 28, 2012. The Registrar of Co-oper
డిసెం 31, 2012
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) -The Merchants’ Co-operative Bank Ltd., Dist. Dhule
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 Merchants Co-operative Bank Ltd., Dist. Dhule whereby, as from the close of business on December 13, 2012, the aforesaid bank shall not, without
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 Merchants Co-operative Bank Ltd., Dist. Dhule whereby, as from the close of business on December 13, 2012, the aforesaid bank shall not, without
డిసెం 19, 2012
Abhyudaya Co-operative Bank Ltd., Mumbai, Maharashtra - Penalised
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five Lakh Only) on Abhyudaya Co-operative Bank Ltd., Mumbai, 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 Cooperative Societies), for violation of instructions / guidelines of the Reserve Bank of India. A special scrutiny conducted in the Vashi branch of the bank to
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five Lakh Only) on Abhyudaya Co-operative Bank Ltd., Mumbai, 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 Cooperative Societies), for violation of instructions / guidelines of the Reserve Bank of India. A special scrutiny conducted in the Vashi branch of the bank to
డిసెం 14, 2012
Sri Potti Sri Ramulu Nellore District Co-operative Central Bank Ltd., Nellore - Penalised
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five Lakh only) on Sri Potti Sri Ramulu Nellore District Co-operative Central Bank Ltd., Nellore, Andhra Pradesh, 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 non-adherence to Know Your Customer (KYC) norms and Anti Money Laundering (AML) guidelines
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five Lakh only) on Sri Potti Sri Ramulu Nellore District Co-operative Central Bank Ltd., Nellore, Andhra Pradesh, 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 non-adherence to Know Your Customer (KYC) norms and Anti Money Laundering (AML) guidelines
నవం 30, 2012
The Town Co-operative Bank Ltd., Hoskote, Karnataka - Penalised
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five Lakh only) on The Town Co-operative Bank Ltd., Hoskote, Karnataka, 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 acquiring and using non-banking asset in violation of Sections 6 and 9 of the Banking Regulation Act, 1949 (As Applicable to Co-operative
The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five Lakh only) on The Town Co-operative Bank Ltd., Hoskote, Karnataka, 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 acquiring and using non-banking asset in violation of Sections 6 and 9 of the Banking Regulation Act, 1949 (As Applicable to Co-operative
నవం 30, 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
నవం 27, 2012
CKP Co-operative Bank Ltd., Mumbai, Maharashtra - Penalised
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five Lakh only) on CKP Co-operative Bank Ltd., Mumbai, Maharashtra , 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 Reserve Bank of India's directive / guidelines on opening of on-site ATMs, extending finance to borrowers outside area of o
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five Lakh only) on CKP Co-operative Bank Ltd., Mumbai, Maharashtra , 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 Reserve Bank of India's directive / guidelines on opening of on-site ATMs, extending finance to borrowers outside area of o
నవం 26, 2012
Bharathiya Sahakara Bank Niyamitha, Chamarajanagar, Karnataka - Penalised
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees one Lakh only) on Bharathiya Sahakara Bank Niyamitha, Chamarajanagar, Karnataka, 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 Reserve Bank of India's instructions on Know Your Customer (KYC) guidelines contained in Circular UBD.PCB.Cir.30
The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees one Lakh only) on Bharathiya Sahakara Bank Niyamitha, Chamarajanagar, Karnataka, 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 Reserve Bank of India's instructions on Know Your Customer (KYC) guidelines contained in Circular UBD.PCB.Cir.30
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