Press Releases - RBI - Reserve Bank of India
Press Releases
Jul 30, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) – Maratha Sahakari Bank Ltd., Mumbai, Maharashtra - Extension of period
Maratha Sahakari Bank Ltd., Mumbai was placed under directions vide directive DCBS.CO.BSD-1/D-4/12.22.141/2016-17 dated August 31, 2016 from the close of business on August 31, 2016 for a period of six months. The validity of the above directions were extended from time to time, the last being vide Directive DOR.CO.AID.No.D-62/12.22.140/2019-20 dated March 18, 2020 and is valid up to July 31, 2020. 2. It is hereby notified for the information of the public that, the R
Maratha Sahakari Bank Ltd., Mumbai was placed under directions vide directive DCBS.CO.BSD-1/D-4/12.22.141/2016-17 dated August 31, 2016 from the close of business on August 31, 2016 for a period of six months. The validity of the above directions were extended from time to time, the last being vide Directive DOR.CO.AID.No.D-62/12.22.140/2019-20 dated March 18, 2020 and is valid up to July 31, 2020. 2. It is hereby notified for the information of the public that, the R
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Jul 15, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) – The City Co-operative Bank Ltd., Mumbai, Maharashtra - Extension of period
The City Co-operative Bank Ltd., Mumbai was placed under directions vide directive DCBS.CO.BSD-1/D-5/12.22.039/2017-18 dated April 17, 2018 from the close of business on April 17, 2018 for a period of six months. The validity of the above directions were extended from time to time, the last being vide Directive DOR.CO.AID.No.D-68/12.22.039/2019-20 dated April 07, 2020 up to July 16, 2020. 2. It is hereby notified for the information of the public that, the Reserve Ban
The City Co-operative Bank Ltd., Mumbai was placed under directions vide directive DCBS.CO.BSD-1/D-5/12.22.039/2017-18 dated April 17, 2018 from the close of business on April 17, 2018 for a period of six months. The validity of the above directions were extended from time to time, the last being vide Directive DOR.CO.AID.No.D-68/12.22.039/2019-20 dated April 07, 2020 up to July 16, 2020. 2. It is hereby notified for the information of the public that, the Reserve Ban
Jul 01, 2020
Directions under Section 35 A of Banking Regulation Act, 1949 - Youth Development Co-operative Bank Ltd., Kolhapur, Maharashtra
Youth Development Co-operative Bank Ltd. Kolhapur Maharashtra, was placed under directions vide Directive DCBS.CO.BSD-I/D-06/12.22.311/2018-19 dated January 04, 2019 from close of business on January 05, 2019. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive DOR.CO.AID/D-46/12.22.311/2019-20 dated January 01, 2020 and was valid up to July 05, 2020, subject to review. 2. It is hereby notified for the inf
Youth Development Co-operative Bank Ltd. Kolhapur Maharashtra, was placed under directions vide Directive DCBS.CO.BSD-I/D-06/12.22.311/2018-19 dated January 04, 2019 from close of business on January 05, 2019. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive DOR.CO.AID/D-46/12.22.311/2019-20 dated January 01, 2020 and was valid up to July 05, 2020, subject to review. 2. It is hereby notified for the inf
Jun 23, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949– Youth Development Cooperative Bank Ltd., Kolhapur, Maharashtra –Enhancement of withdrawal limit for depositors
Youth Development Cooperative Bank Limited, Kolhapur, Maharashtra was placed under All-Inclusive Directions under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 with effect from close of business on January 05, 2019 vide Directive DCBS.CO.BSD-I/D-6/12.22.311/2018-19 dated January 04, 2019 in the interest of depositor protection. The withdrawal limit per depositor under the existing directions is ₹5000/-. On a review of the ban
Youth Development Cooperative Bank Limited, Kolhapur, Maharashtra was placed under All-Inclusive Directions under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 with effect from close of business on January 05, 2019 vide Directive DCBS.CO.BSD-I/D-6/12.22.311/2018-19 dated January 04, 2019 in the interest of depositor protection. The withdrawal limit per depositor under the existing directions is ₹5000/-. On a review of the ban
Jun 22, 2020
Reserve Bank sensitises members of public on safe use of digital transactions
Safety and security of digital transactions are of paramount importance to their users. The Reserve Bank has put in place many mechanisms to ensure the same by continuously and actively undertaking digital awareness campaigns in the print and Audio-Visual media, including through the Bank’s flagship programme “RBI Kehta Hai”. In recent days there are reports of users falling prey to fraudsters who are luring them on fictitious pretexts, such as alleged completion of K
Safety and security of digital transactions are of paramount importance to their users. The Reserve Bank has put in place many mechanisms to ensure the same by continuously and actively undertaking digital awareness campaigns in the print and Audio-Visual media, including through the Bank’s flagship programme “RBI Kehta Hai”. In recent days there are reports of users falling prey to fraudsters who are luring them on fictitious pretexts, such as alleged completion of K
Jun 15, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) – Karnala Nagari Sahakari Bank Ltd., Panvel, Raigad (Maharashtra)
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. DoS.CO.UCBs-West/D-1/12.07.157/2019-20 dated June 15, 2020 has issued certain Directions to Karnala Nagari Sahakari Bank Ltd., Panvel, Raigad (Maharashtra), whereby, as from the close of busin
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. DoS.CO.UCBs-West/D-1/12.07.157/2019-20 dated June 15, 2020 has issued certain Directions to Karnala Nagari Sahakari Bank Ltd., Panvel, Raigad (Maharashtra), whereby, as from the close of busin
Jun 09, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS)–The Karad Janata Sahakari Bank Ltd., Karad, Maharashtra - Extension of period
The Karad Janata Sahakari Bank Ltd., Karad was placed under directions vide directive DCBS.CO.BSD-1/D-4/12.22.126/2017-18 dated November 7, 2017 from the close of business on November 9, 2017 for a period of six months. The validity of the above directions was extended from time to time last being vide Directive DCBR.CO.AID/NoD-59/12.22.126/2018-19 dated March 4, 2020 up to June 09, 2020. 2. It is hereby notified for the information of the public that, the Reserve Ban
The Karad Janata Sahakari Bank Ltd., Karad was placed under directions vide directive DCBS.CO.BSD-1/D-4/12.22.126/2017-18 dated November 7, 2017 from the close of business on November 9, 2017 for a period of six months. The validity of the above directions was extended from time to time last being vide Directive DCBR.CO.AID/NoD-59/12.22.126/2018-19 dated March 4, 2020 up to June 09, 2020. 2. It is hereby notified for the information of the public that, the Reserve Ban
Jun 05, 2020
Minutes of the Monetary Policy Committee Meeting May 20 to 22, 2020
[Under Section 45ZL of the Reserve Bank of India Act, 1934] The twenty third meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the Reserve Bank of India Act, 1934, was held from May 20 to 22, 2020; the meeting was originally scheduled from June 3 to 5, 2020, but was advanced to May 20-22 in view of the ongoing COVID-19 pandemic. 2. The meeting was attended by all the members – Dr. Chetan Ghate, Professor, Indian Statistical Institute; D
[Under Section 45ZL of the Reserve Bank of India Act, 1934] The twenty third meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the Reserve Bank of India Act, 1934, was held from May 20 to 22, 2020; the meeting was originally scheduled from June 3 to 5, 2020, but was advanced to May 20-22 in view of the ongoing COVID-19 pandemic. 2. The meeting was attended by all the members – Dr. Chetan Ghate, Professor, Indian Statistical Institute; D
May 28, 2020
Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) – Rupee Co-operative Bank Ltd, Pune, Maharashtra
Rupee Co-operative Bank Ltd, Pune, Maharashtra, was placed under directions vide directive UBD.CO.BSD-I/D-28/12.22.218/2012-13 dated February 21, 2013 from close of business on February 22, 2013. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive DOR.AID/D-57/12.22.218/2019-20 dated February 26, 2020 and was valid up to May 31, 2020, subject to review. 2. It is hereby notified for the information of the p
Rupee Co-operative Bank Ltd, Pune, Maharashtra, was placed under directions vide directive UBD.CO.BSD-I/D-28/12.22.218/2012-13 dated February 21, 2013 from close of business on February 22, 2013. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive DOR.AID/D-57/12.22.218/2019-20 dated February 26, 2020 and was valid up to May 31, 2020, subject to review. 2. It is hereby notified for the information of the p
May 27, 2020
Directions issued to the Shivam Sahakari Bank Ltd., Ichalkaranji, Dist. - Kolhapur, Maharashtra – Extension of Period
The Reserve Bank of India (vide directive DCBS.CO.BSD-I/D-6/12.22.351/2017-18 dated May 18, 2018) had placed the Shivam Sahakari Bank Ltd., Ichalkaranji, Dist: Kolhapur, Maharashtra, under Directions from the close of business on May 19, 2018. 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 of the Banking Regulation Act, 1949 read with Section 56 of the
The Reserve Bank of India (vide directive DCBS.CO.BSD-I/D-6/12.22.351/2017-18 dated May 18, 2018) had placed the Shivam Sahakari Bank Ltd., Ichalkaranji, Dist: Kolhapur, Maharashtra, under Directions from the close of business on May 19, 2018. 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 of the Banking Regulation Act, 1949 read with Section 56 of the
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