RbiSearchHeader

Press escape key to go back

Past Searches

Theme
Theme
Text Size
Text Size
S3

Press Releases Marquee

RBI Announcements
RBI Announcements

RbiAnnouncementWeb

RBI Announcements
RBI Announcements

Asset Publisher

81063210

Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - The CKP Co-operative Bank Ltd, Mumbai, Maharashtra

The CKP Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions vide directive UBD.CO.BSD.I.No.D-34/12.22.035/2013-14 dated April 30, 2014, from close of business on May 2, 2014. The validity of the directions was extended from time to time vide subsequent Directives, the last being vide Directive DoR. CO.AID/No.D-52/12.22.035/2019-20 dated January 29, 2020 and is valid up to March 31, 2020 subject to review.

2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the Directive UBD.CO.BSD.I.No.D-34/12.22.035/2013-14 dated April 30, 2014, as modified from time to time, issued to the above bank, the validity of which was last extended up to March 31, 2020 shall continue to apply to the bank for a further period of two months from April 01, 2020 to May 31, 2020, vide Directive DoR.CO.AID/No.D-70/12.22.035/2019-20 dated March 30, 2020 subject to review.

3. Other terms and conditions of the Directive under reference shall remain unchanged. A copy of the Directive DoR.CO.AID/No.D-70/12.22.035/2019-20 dated March 30, 2020 notifying the above extension is displayed at the bank’s premises for the perusal of public.

4. The aforesaid extension and/or modification by the Reserve Bank of India should not per-se be construed to imply that Reserve Bank of India is satisfied of substantive improvement in the financial position of the bank.

(Yogesh Dayal)    
Chief General Manager

Press Release: 2019-2020/2156

RbiTtsCommonUtility

PLAYING
LISTEN

Related Assets

RBI-Install-RBI-Content-Global

RbiSocialMediaUtility

Install the RBI mobile application and get quick access to the latest news!

Scan Your QR code to Install our app

RbiWasItHelpfulUtility

Was this page helpful?