Press Releases - Regulating Co-operative Banking - ఆర్బిఐ - Reserve Bank of India
పత్రికా ప్రకటనలు
ఆగ 01, 2001
RBI cancels licence of The Friends' Co-operative Bank Ltd.
The Reserve Bank of India has cancelled the licence of The Friends' Co-operative Bank Ltd., Mumbai, Maharashtra to carry on banking business in India. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheque, draft, order or otherwise.P.V. Sadanandan Asst.
The Reserve Bank of India has cancelled the licence of The Friends' Co-operative Bank Ltd., Mumbai, Maharashtra to carry on banking business in India. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheque, draft, order or otherwise.P.V. Sadanandan Asst.
పిడిఎఫ్ (
ఏప్రి 04, 2001
Liquidity Facilities to Co-operative Banks
In the wake of the recent events that have affected a few urban co-operative banks in Gujarat, it had been reported that some co-operative banks may face liquidity problems in their day-to-day operations. To obviate any such difficulty, the Reserve Bank had already advised all concerned that these banks may approach public sector banks and also primary dealers for repos facilities against eligible government securities held by them. In case the co-operative banks are
In the wake of the recent events that have affected a few urban co-operative banks in Gujarat, it had been reported that some co-operative banks may face liquidity problems in their day-to-day operations. To obviate any such difficulty, the Reserve Bank had already advised all concerned that these banks may approach public sector banks and also primary dealers for repos facilities against eligible government securities held by them. In case the co-operative banks are
మార్చి 29, 2001
All Primary Urban Cooperative Banks will close their Annual Accounts on April 1 , 2001
The Reserve Bank of India has advised all primary cooperative banks that they should close their annual accounts for the year ending March 31, 2001 on April 1, 2001. As such, primary urban cooperative banks will function normally on April 3, 2001 in those states where April 2, 2001 has been declared a holiday under the Negotiable Instrument Act,1881 on account of Ram Navami. In other states, the normal working day for these banks will be April 2, 2001. In other words,
The Reserve Bank of India has advised all primary cooperative banks that they should close their annual accounts for the year ending March 31, 2001 on April 1, 2001. As such, primary urban cooperative banks will function normally on April 3, 2001 in those states where April 2, 2001 has been declared a holiday under the Negotiable Instrument Act,1881 on account of Ram Navami. In other states, the normal working day for these banks will be April 2, 2001. In other words,
మార్చి 23, 2001
RBI rejects licence application of The Kurnool Urban Co-operative Credit Bank Ltd.
The Reserve Bank of India has rejected the licence application of The Kurnool Urban Co-operative Credit Bank Ltd., (Andhra Pradesh) to carry on banking business. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.N.L
The Reserve Bank of India has rejected the licence application of The Kurnool Urban Co-operative Credit Bank Ltd., (Andhra Pradesh) to carry on banking business. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.N.L
మార్చి 20, 2001
RBI rejects the licence application of The Co-operative Bank Ltd.
The Reserve Bank of India has rejected the licence application of The Co-operative Bank Ltd., Chodavaram, Andhra Pradesh to carry on banking business in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.N.L.
The Reserve Bank of India has rejected the licence application of The Co-operative Bank Ltd., Chodavaram, Andhra Pradesh to carry on banking business in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.N.L.
మార్చి 16, 2001
RBI rejects the licence application of The Pranabananda Co-operative Bank Ltd.
The Reserve Bank of India has rejected the licence application of The Pranabananda Co-operative Bank Ltd., Burdwan, West Bengal to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise
The Reserve Bank of India has rejected the licence application of The Pranabananda Co-operative Bank Ltd., Burdwan, West Bengal to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise
ఫిబ్ర 14, 2001
RBI cancels licence of The Mira Bhayandar Co-operative Bank Ltd., Bhayandar, (Maharashtra) to carry on banking business
The Reserve Bank of India has cancelled the licence granted to the Mira Bhayandar Co-operative Bank Ltd., Bhayandar, (Maharashtra) to carry on banking business in India. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies), and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwi
The Reserve Bank of India has cancelled the licence granted to the Mira Bhayandar Co-operative Bank Ltd., Bhayandar, (Maharashtra) to carry on banking business in India. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies), and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwi
నవం 08, 2000
RBI cancels licence of The Nagrik Co-operative Commercial Bank Maryadit
The Reserve Bank of India has cancelled the licence of The Nagrik Co-operative Commercial Bank Maryadit, Bilaspur, Madhya Pradesh to carry on banking business in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherw
The Reserve Bank of India has cancelled the licence of The Nagrik Co-operative Commercial Bank Maryadit, Bilaspur, Madhya Pradesh to carry on banking business in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherw
అక్టో 18, 2000
RBI cancels licence of The Prathamik Shikshak Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence of The Prathamik Shikshak Sahakari Bank Ltd., Nasik (Maharashtra) to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.N.L. Rao
The Reserve Bank of India has cancelled the licence of The Prathamik Shikshak Sahakari Bank Ltd., Nasik (Maharashtra) to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.N.L. Rao
అక్టో 05, 2000
RBI cancels licence of The Jyothirlinga Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence of The Jyothirlinga Sahakari Bank Ltd., Jalageri, Dist. Bijapur (Karnataka) to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise
The Reserve Bank of India has cancelled the licence of The Jyothirlinga Sahakari Bank Ltd., Jalageri, Dist. Bijapur (Karnataka) to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise
సెప్టెం 29, 2000
RBI cancels licence granted to The Latur Peoples Co-operative Bank Ltd.
The Reserve Bank of India has cancelled the licence granted to The Latur Peoples Co-operative Bank Ltd., Latur (Maharashtra) to carry on banking business in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.N.L. R
The Reserve Bank of India has cancelled the licence granted to The Latur Peoples Co-operative Bank Ltd., Latur (Maharashtra) to carry on banking business in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.N.L. R
సెప్టెం 19, 2000
RBI cancels licence of Federal Co-operative Bank Ltd.
The Reserve Bank of India has cancelled the licence of Federal Co-operative Bank Ltd., Ghatampur, District Kanpur (Uttar Pradesh) to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwi
The Reserve Bank of India has cancelled the licence of Federal Co-operative Bank Ltd., Ghatampur, District Kanpur (Uttar Pradesh) to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwi
ఆగ 24, 2000
RBI cancels licence of Shree Veraval Vibhagiya Nagrik Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence of Shree Veraval Vibhagiya Nagrik Sahakari Bank Ltd., Veraval, Dist. Junagadh (Gujarat) to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order
The Reserve Bank of India has cancelled the licence of Shree Veraval Vibhagiya Nagrik Sahakari Bank Ltd., Veraval, Dist. Junagadh (Gujarat) to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order
ఆగ 07, 2000
RBI cancels licence of The Bhagyanagar Co-operative Urban Bank Ltd., Hyderabad (Andhra Pradesh)
The Reserve Bank of India has cancelled the licence of The Bhagyanagar Co-operative Urban Bank Ltd., Hyderabad (Andhra pradesh) to carry on banking busines. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P.V. Sadan
The Reserve Bank of India has cancelled the licence of The Bhagyanagar Co-operative Urban Bank Ltd., Hyderabad (Andhra pradesh) to carry on banking busines. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P.V. Sadan
జులై 19, 2000
RBI cancels licence of Sri Laxmi Mahila Co-operative Urban Bank Ltd.
The Reserve Bank of India has cancelled the licence of Sri Laxmi Mahila Co-operative Urban Bank Ltd., Nacharam, , Hyderabad (Andhra pradesh) to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order
The Reserve Bank of India has cancelled the licence of Sri Laxmi Mahila Co-operative Urban Bank Ltd., Nacharam, , Hyderabad (Andhra pradesh) to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order
జూన్ 16, 2000
RBI cancels licence of the Indira Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence of the Indira Sahakari Bank Ltd., Aurangabad, Maharashtra to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise. P. V. Sadan
The Reserve Bank of India has cancelled the licence of the Indira Sahakari Bank Ltd., Aurangabad, Maharashtra to carry on banking busines in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise. P. V. Sadan
మే 22, 2000
RBI refuses licence to the Maratha Market Peoples Co-op. Bank Ltd.
The Reserve Bank of India has rejected the licence application of the Maratha Market Peoples Co-operative Bank Ltd., Mumbai to carry on banking business in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheque, draft, order or otherwise.N. L. Rao As
The Reserve Bank of India has rejected the licence application of the Maratha Market Peoples Co-operative Bank Ltd., Mumbai to carry on banking business in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheque, draft, order or otherwise.N. L. Rao As
ఏప్రి 07, 2000
RBI refuses licence to the Aska Cooperative Urban Bank Ltd.
The Reserve Bank of India has rejected the licence application of the Aska Cooperative Urban Bank Ltd., Aska (Orissa) to carry on banking business in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheque, draft, order or otherwise.P. V. Sadanandan A
The Reserve Bank of India has rejected the licence application of the Aska Cooperative Urban Bank Ltd., Aska (Orissa) to carry on banking business in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheque, draft, order or otherwise.P. V. Sadanandan A
మార్చి 23, 2000
RBI cancels licence of the Navodaya Sahakara Bank Ltd.
The Reserve Bank of India has cancelled the licence granted to the Navodaya Sahakara Bank Ltd., Bangalore (Karnataka) to carry on banking business. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P. V. Sadanandan Asst
The Reserve Bank of India has cancelled the licence granted to the Navodaya Sahakara Bank Ltd., Bangalore (Karnataka) to carry on banking business. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P. V. Sadanandan Asst
మార్చి 01, 2000
RBI refuses licence to The Silchar Co-operative Urban Bank Ltd., Silchar (Dist. Cachar, Assam) to carry on banking business in India
The Reserve Bank of India has rejected the application submitted by The Silchar Co-operative Urban Bank Ltd., Silchar (Dist. Cachar, Assam) for grant of licence to carry on banking business in India. Thus, the bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies). Thus, it will not be in order for it among other things to accept deposits from the public and allow withdrawal b
The Reserve Bank of India has rejected the application submitted by The Silchar Co-operative Urban Bank Ltd., Silchar (Dist. Cachar, Assam) for grant of licence to carry on banking business in India. Thus, the bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies). Thus, it will not be in order for it among other things to accept deposits from the public and allow withdrawal b
మార్చి 01, 2000
RBI cancels licence of the Urban Industrial Co-operative Bank Ltd., R.K.Bordoloi Path, Dibrugarh (Assam)
The Reserve Bank of India has cancelled the licence of the Urban Industrial Co-operative Bank Ltd., R.K.Boradoloi Path, Dibrugarh (Assam) to carry on banking business in India. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order o
The Reserve Bank of India has cancelled the licence of the Urban Industrial Co-operative Bank Ltd., R.K.Boradoloi Path, Dibrugarh (Assam) to carry on banking business in India. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order o
ఫిబ్ర 23, 2000
Reserve Bank gives in-principle approval for setting up of one more Local Area Bank
The Reserve Bank of India has given `in-principle' approval for establishment of one more local area bank, viz., South Gujarat Local Area Bank Ltd., Navasari, Gujarat. The `in-principle' approval has been given subject to the proposed bank complying with certain conditions. It may be recalled that the Reserve Bank had announced a set of guidelines on August 24, 1996 for the entry of local area banks in the private sector. This was done with a view to providing institu
The Reserve Bank of India has given `in-principle' approval for establishment of one more local area bank, viz., South Gujarat Local Area Bank Ltd., Navasari, Gujarat. The `in-principle' approval has been given subject to the proposed bank complying with certain conditions. It may be recalled that the Reserve Bank had announced a set of guidelines on August 24, 1996 for the entry of local area banks in the private sector. This was done with a view to providing institu
ఫిబ్ర 23, 2000
RBI cancels licence of the Farmer's Co-operative Bank of India Ltd.
The Reserve Bank of India has cancelled the licence granted to the Farmer's Co-operative Bank of India Ltd., New Delhi to conduct banking busines. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Chhaya Raje ManagerPre
The Reserve Bank of India has cancelled the licence granted to the Farmer's Co-operative Bank of India Ltd., New Delhi to conduct banking busines. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Chhaya Raje ManagerPre
ఫిబ్ర 11, 2000
RBI cancels licence of Veraval Ratnakar Co-operative Bank Ltd.
The Reserve Bank of India has cancelled the licence of the Veraval Ratnakar Co-operative Bank Ltd., Veraval, Dist. Junagadh (Gujarat), to carry on banking business in India. The bank is precluded from transacting the business of "banking" as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or othe
The Reserve Bank of India has cancelled the licence of the Veraval Ratnakar Co-operative Bank Ltd., Veraval, Dist. Junagadh (Gujarat), to carry on banking business in India. The bank is precluded from transacting the business of "banking" as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or othe
ఫిబ్ర 01, 2000
RBI cancels licence of the Ahilyadevi Mahila Nagari Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence granted to the Ahilyadevi Mahila Nagari Sahakari Bank Ltd., Kalamnuri, Dist. Parbhani, Maharashtra to conduct banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or
The Reserve Bank of India has cancelled the licence granted to the Ahilyadevi Mahila Nagari Sahakari Bank Ltd., Kalamnuri, Dist. Parbhani, Maharashtra to conduct banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or
జన 20, 2000
M/s. MCC Finance Ltd. - Prohibited from accepting deposits and alienating assets
M/s. MCC Finance Ltd., having its registered office at 21, Arcot Road, 86, Dr.Radhakrishnan Salai, Mylapore, Chennai-600 004 has violated various provisions of the Reserve Bank of India Act, 1934 and the Reserve Bank's directions applicable to it. The Reserve Bank of India has, therefore, prohibited it with effect from January 19, 2000 from accepting public deposits from any person, in any form whether by way of fresh deposits or renewal of the existing deposits or ot
M/s. MCC Finance Ltd., having its registered office at 21, Arcot Road, 86, Dr.Radhakrishnan Salai, Mylapore, Chennai-600 004 has violated various provisions of the Reserve Bank of India Act, 1934 and the Reserve Bank's directions applicable to it. The Reserve Bank of India has, therefore, prohibited it with effect from January 19, 2000 from accepting public deposits from any person, in any form whether by way of fresh deposits or renewal of the existing deposits or ot
జన 18, 2000
M/s. Manipal Finance Corporation Ltd. Prohibited from accepting deposits
M/s. Manipal Finance Corporation Ltd., having its registered office at 'Manipal House', Manipal 576 119, Udupi District, has violated various provisions of the Reserve Bank of India Act, 1934 and the Reserve Bank's directions applicable to it. The Reserve Bank of India has therefore, prohibited it with effect from January 18, 2000 from accepting public deposits from any person, in any form whether by way of fresh deposits or renewal of the existing deposits or otherwi
M/s. Manipal Finance Corporation Ltd., having its registered office at 'Manipal House', Manipal 576 119, Udupi District, has violated various provisions of the Reserve Bank of India Act, 1934 and the Reserve Bank's directions applicable to it. The Reserve Bank of India has therefore, prohibited it with effect from January 18, 2000 from accepting public deposits from any person, in any form whether by way of fresh deposits or renewal of the existing deposits or otherwi
జన 14, 2000
RBI refuses licence to The Ichalkaranji Kamar Nagari Sahakari Bank Ltd.
The Reserve Bank of India has rejected the application submitted by The Ichalkaranji Kamgar Nagari Sahakari Bank Ltd., Ichalkaranji, Maharashtra for grant of licence to carry on banking business. Thus, the bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it among other things to accept deposits from public and allow withdrawal by cheque
The Reserve Bank of India has rejected the application submitted by The Ichalkaranji Kamgar Nagari Sahakari Bank Ltd., Ichalkaranji, Maharashtra for grant of licence to carry on banking business. Thus, the bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it among other things to accept deposits from public and allow withdrawal by cheque
జన 08, 2000
M/s. IFB Finance Limited Prohibition from Accepting Public Deposits and Alienation of assets
The Reserve Bank of India, in exercise of powers conferred on it under Section 45MB (1) and (2) of the Reserve Bank of India Act, 1934, has prohibited M/s. IFB Finance Ltd., 8/1, Middleton Row, Calcutta-700 071, from accepting any deposits and alienating any assets held by it with immediate effect. As such, M/s. IFB Finance Ltd., is hereby prohibited from accepting deposits from any person in any form whether by way of renewal or otherwise and is hereby directed not t
The Reserve Bank of India, in exercise of powers conferred on it under Section 45MB (1) and (2) of the Reserve Bank of India Act, 1934, has prohibited M/s. IFB Finance Ltd., 8/1, Middleton Row, Calcutta-700 071, from accepting any deposits and alienating any assets held by it with immediate effect. As such, M/s. IFB Finance Ltd., is hereby prohibited from accepting deposits from any person in any form whether by way of renewal or otherwise and is hereby directed not t
జన 06, 2000
RBI refuses licence to The Meppayur Urban Co-operative Bank Ltd.
The Reserve Bank of India has rejected the application submitted by The Meppayur Co-operative Urban Bank Ltd., Meppayur, Kerala for issue of licence to carry on banking business. Thus, the bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheque, draft, order or
The Reserve Bank of India has rejected the application submitted by The Meppayur Co-operative Urban Bank Ltd., Meppayur, Kerala for issue of licence to carry on banking business. Thus, the bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheque, draft, order or
డిసెం 23, 1999
RBI cancels licence of the Jabalpur Nagrik Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence granted to the Jabalpur Nagrik Sahakari Bank Ltd., Jabalpur, Madhya Pradesh to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Alpana Kill
The Reserve Bank of India has cancelled the licence granted to the Jabalpur Nagrik Sahakari Bank Ltd., Jabalpur, Madhya Pradesh to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Alpana Kill
డిసెం 22, 1999
RBI cancels licence to the Gauhati Cooperative Town Bank Ltd.
The Reserve Bank of India has cancelled the licence granted to the Gauhati Cooperative Town Bank Ltd., Guwahati to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things, from accepting deposits from public and allow withdrawals by cheque, draft, order or otherwise.N.S.D. Lobo Asstt. Manager
The Reserve Bank of India has cancelled the licence granted to the Gauhati Cooperative Town Bank Ltd., Guwahati to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things, from accepting deposits from public and allow withdrawals by cheque, draft, order or otherwise.N.S.D. Lobo Asstt. Manager
డిసెం 22, 1999
RBI refuses licence to The Hubli-Dharwad Urban Co-operative Bank Ltd.
The Reserve Bank of India has rejected the application submitted by The Hubli-Dharwad Urban Co-operative Bank Ltd., Dharwad, Karnatak for issue of licence to carry on banking business. Thus, the bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things to accept deposits from public and allow withdrawal by cheque, draft, order
The Reserve Bank of India has rejected the application submitted by The Hubli-Dharwad Urban Co-operative Bank Ltd., Dharwad, Karnatak for issue of licence to carry on banking business. Thus, the bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things to accept deposits from public and allow withdrawal by cheque, draft, order
డిసెం 03, 1999
Extension of time for moratorium Sikkim Bank Ltd.
The Central Government have, on the recommendation of the Reserve Bank of India and in partial modification of the their earlier Notifcation dated September 4, 1999, issued a Notification on December 2, 1999 extending the period of moratorium in respect of Sikkim Bank Ltd., for a futher period upto and inclusive of 3 March 2000.Rupambara Padhi ManagerPress Release : 1999-2000/735
The Central Government have, on the recommendation of the Reserve Bank of India and in partial modification of the their earlier Notifcation dated September 4, 1999, issued a Notification on December 2, 1999 extending the period of moratorium in respect of Sikkim Bank Ltd., for a futher period upto and inclusive of 3 March 2000.Rupambara Padhi ManagerPress Release : 1999-2000/735
నవం 05, 1999
M/s. Dugar Finance (India) Ltd. Prohibited from accepting deposits
M/s. Dugar Finance (India) Ltd., having its registered office at Dugar Tower, 123 Marshalls Road, Egmore, Chennai-600 008 has violated various provisions of the Reserve Bank of India Act, 1934 and the Reserve Bank's directions applicable to it. The Reserve Bank of India has therefore, prohibited it with effect from November 3 1999 from accepting public deposits from any person, in any form whether by way of fresh deposits or renewal of the existing deposits or otherwi
M/s. Dugar Finance (India) Ltd., having its registered office at Dugar Tower, 123 Marshalls Road, Egmore, Chennai-600 008 has violated various provisions of the Reserve Bank of India Act, 1934 and the Reserve Bank's directions applicable to it. The Reserve Bank of India has therefore, prohibited it with effect from November 3 1999 from accepting public deposits from any person, in any form whether by way of fresh deposits or renewal of the existing deposits or otherwi
అక్టో 30, 1999
M/s. Pennar Paterson Ltd. - Prohibited from accepting deposits
M/s. Pennar Paterson Ltd., having its registered office at Chikoti Gardens, Begumpet, Hyderabad-500 016 has violated various provisions of the Reserve Bank of India Act, 1934 and the Reserve Bank's Directions applicable to it. The Reserve Bank of India, therefore, prohibited it with immediate effect from accepting public deposits from any person, in any form whether by way of fresh deposits or renewal of the existing deposits or otherwise, until further order.The Rese
M/s. Pennar Paterson Ltd., having its registered office at Chikoti Gardens, Begumpet, Hyderabad-500 016 has violated various provisions of the Reserve Bank of India Act, 1934 and the Reserve Bank's Directions applicable to it. The Reserve Bank of India, therefore, prohibited it with immediate effect from accepting public deposits from any person, in any form whether by way of fresh deposits or renewal of the existing deposits or otherwise, until further order.The Rese
అక్టో 01, 1999
RBI cancels licence of Manipur Industrial Co-operative Bank Ltd.
The Reserve Bank of India has cancelled the licence issued to the Manipur Industrial Co-operative Bank Ltd., Imphal to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Chhaya Raje ManagerPress Release :
The Reserve Bank of India has cancelled the licence issued to the Manipur Industrial Co-operative Bank Ltd., Imphal to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Chhaya Raje ManagerPress Release :
అక్టో 01, 1999
RBI cancels licence of The Nizamabad Cooperative Town Bank Ltd.
The Reserve Bank of India has cancelled the licence issued to the Nizamabad Cooperative Town Bank Ltd., Nizamabad, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Chhaya Raje ManagerPr
The Reserve Bank of India has cancelled the licence issued to the Nizamabad Cooperative Town Bank Ltd., Nizamabad, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Chhaya Raje ManagerPr
సెప్టెం 17, 1999
RBI cancels licence of Solapur Zilla Mahila Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence issued to the Solapur Zilla Mahila Sahakari Bank Ltd., Solapur, Maharashtra to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other thing, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P.V. Sadanandan Asstt. M
The Reserve Bank of India has cancelled the licence issued to the Solapur Zilla Mahila Sahakari Bank Ltd., Solapur, Maharashtra to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other thing, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P.V. Sadanandan Asstt. M
సెప్టెం 08, 1999
Moratorium on Sikkim Bank Ltd.
The Central Government on an application made by the Reserve Bank of India has issued orders of moratorium on the Sikkim Bank Ltd. for the period from the close of business on September 4, 1999 upto and inclusive of December 3, 1999 under the provisions of Sub-Section (2) of Section 45 of the Banking Regulation Act, 1949.The moratorium has been declared in public interest, in the interest of the depositors and the banking system.Rupambara Padhi ManagerPress Release :
The Central Government on an application made by the Reserve Bank of India has issued orders of moratorium on the Sikkim Bank Ltd. for the period from the close of business on September 4, 1999 upto and inclusive of December 3, 1999 under the provisions of Sub-Section (2) of Section 45 of the Banking Regulation Act, 1949.The moratorium has been declared in public interest, in the interest of the depositors and the banking system.Rupambara Padhi ManagerPress Release :
సెప్టెం 04, 1999
Moratorium on Sikkim Bank Ltd.
The Central Government on an application made by the Reserve Bank of India has issued orders of moratorium on the Sikkim Bank Ltd. for the period from the close of business on September 4, 1999 upto and inclusive of December 3, 1999 under the provisions of Sub-Section (2) of Section 45 of the Banking Regulation Act, 1949.The moratorium has been declared in public interest, in the interest of the depositors and the banking system. Rupambara Padhi ManagerPress Release :
The Central Government on an application made by the Reserve Bank of India has issued orders of moratorium on the Sikkim Bank Ltd. for the period from the close of business on September 4, 1999 upto and inclusive of December 3, 1999 under the provisions of Sub-Section (2) of Section 45 of the Banking Regulation Act, 1949.The moratorium has been declared in public interest, in the interest of the depositors and the banking system. Rupambara Padhi ManagerPress Release :
ఆగ 18, 1999
RBI cancels licence of Siddharth Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence issued to the Siddharth Sahakari Bank Ltd., Jalgaon, Maharashtra to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Chhaya Raje ManagerPress Release :
The Reserve Bank of India has cancelled the licence issued to the Siddharth Sahakari Bank Ltd., Jalgaon, Maharashtra to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Chhaya Raje ManagerPress Release :
ఆగ 16, 1999
RBI refuses licence to Asansol Peoples' Co-operative Bank Ltd.
The Reserve Bank of India has rejected the application submitted by Asansol Peoples' Co-operative Bank Ltd., Asansol, District Burdwan, West Bengal for grant of licence to carry on banking business. Thus, the bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things to accept deposits from public and allow withdrawal by cheque
The Reserve Bank of India has rejected the application submitted by Asansol Peoples' Co-operative Bank Ltd., Asansol, District Burdwan, West Bengal for grant of licence to carry on banking business. Thus, the bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things to accept deposits from public and allow withdrawal by cheque
ఆగ 14, 1999
M/s. Kirloskar Investment & Finance Ltd. Prohibited from accepting deposits
The Reserve Bank of India has prohibited M/s. Kirloskar Investments & Finance Ltd., having its registered office at Unity Building, J. C. Road, Bangalore-560 002 with immediate effect from accepting public deposits from any person, in any form whether by way of fresh deposits or renewal of the existing deposits or otherwise, until further order. The company has violated various provisions of the Reserve Bank of India Act, 1934.The Reserve Bank of India has also di
The Reserve Bank of India has prohibited M/s. Kirloskar Investments & Finance Ltd., having its registered office at Unity Building, J. C. Road, Bangalore-560 002 with immediate effect from accepting public deposits from any person, in any form whether by way of fresh deposits or renewal of the existing deposits or otherwise, until further order. The company has violated various provisions of the Reserve Bank of India Act, 1934.The Reserve Bank of India has also di
ఆగ 14, 1999
RBI refuses licence to Jhargram Peoples' Co-operative Bank Ltd.
The Reserve Bank of India has rejected the application submitted by Jhargram Peoples' Co-operative Bank Ltd., Jhargram for grant of licence to carry on banking business. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things to accept deposits from public and allow withdrawal by cheque, draft, order or otherwise.Rupamba
The Reserve Bank of India has rejected the application submitted by Jhargram Peoples' Co-operative Bank Ltd., Jhargram for grant of licence to carry on banking business. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things to accept deposits from public and allow withdrawal by cheque, draft, order or otherwise.Rupamba
ఆగ 11, 1999
RBI refuses licence to The Bhanjanagar Co-operative Urban Bank Ltd.
The Reserve Bank of India has rejected the application submitted by The Bhanjanagar Co-operative Urban Bank Ltd., Bhajanagar, District Ganjam, Orissa for grant of licence to carry on banking business. The bank is precluded from transacting the business of banking as defined in the Banking Regulations Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things to accept deposits from public and allow withdrawal by cheque, d
The Reserve Bank of India has rejected the application submitted by The Bhanjanagar Co-operative Urban Bank Ltd., Bhajanagar, District Ganjam, Orissa for grant of licence to carry on banking business. The bank is precluded from transacting the business of banking as defined in the Banking Regulations Act, 1949 (as applicable to Co-operative Societies) and it will not be in order for it among other things to accept deposits from public and allow withdrawal by cheque, d
ఆగ 05, 1999
RBI cancels licence of Parishad Cooperative Bank Ltd.
The Reserve Bank of India has cancelled the licence issued to the Parishad Cooperative Bank Ltd., New Delhi to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Rupambara Padhi ManagerPress Release : 1999
The Reserve Bank of India has cancelled the licence issued to the Parishad Cooperative Bank Ltd., New Delhi to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Rupambara Padhi ManagerPress Release : 1999
జులై 28, 1999
RBI cancels licence of Sami Taluka Nagarik Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence of the Sami Taluka Nagrik Sahakari Bank Ltd., Sami, Dist. Mehsana, Gujarat State, to carry on banking business. The bank is precluded from transacting the business of "banking" as defined in the Banking Regulations Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.
The Reserve Bank of India has cancelled the licence of the Sami Taluka Nagrik Sahakari Bank Ltd., Sami, Dist. Mehsana, Gujarat State, to carry on banking business. The bank is precluded from transacting the business of "banking" as defined in the Banking Regulations Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.
జులై 19, 1999
RBI cancels licence of Nagrik Sahakari Bank Ltd.
The Reserve Bank of India has cancelled the licence issued to the Nagrik Sahakari Bank Ltd., Sagar to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulations Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Rupambara Padhi ManagerPress Release : 1999/2000/98
The Reserve Bank of India has cancelled the licence issued to the Nagrik Sahakari Bank Ltd., Sagar to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulations Act, 1949 (as applicable to Co-operative Societies) and prohibited it among other things, from accepting deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Rupambara Padhi ManagerPress Release : 1999/2000/98
జులై 09, 1999
RBI denies licence to Oudh Sahakari Bank Ltd.
The Reserve Bank of India has rejected the license application of the Oudh Sahakari Bank Ltd., Lucknow, Uttar Pradesh, to carry on banking business in India. The Bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be allowed, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Rupambara Padhi
The Reserve Bank of India has rejected the license application of the Oudh Sahakari Bank Ltd., Lucknow, Uttar Pradesh, to carry on banking business in India. The Bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be allowed, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.Rupambara Padhi
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