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Press Releases
Jul 09, 2019
Directions under Section 35A of the Banking Regulation Act, 1949(AACS) - Kolikata Mahila Cooperative Bank Ltd., Kolkata
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(AACS) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) has issued certain Directions to Kolikata Mahila Cooperative Bank Limited, 8D Krishna Laha Lane, Kolkata – 700 012, West Bengal whereby, as from the close of business on July 9, 2019, it is directed that the af
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(AACS) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) has issued certain Directions to Kolikata Mahila Cooperative Bank Limited, 8D Krishna Laha Lane, Kolkata – 700 012, West Bengal whereby, as from the close of business on July 9, 2019, it is directed that the af
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Jul 09, 2019
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad, Telangana - Extension of Period of validity
The Reserve Bank of India in the public interest, had issued directions to Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad, Telangana in exercise of powers vested in it under Section 35A read with section 56 of the Banking Regulation Act, 1949. These directions were in force from close of business on January 02, 2019 and were valid up to July 02, 2019, subject to review. Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the
The Reserve Bank of India in the public interest, had issued directions to Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad, Telangana in exercise of powers vested in it under Section 35A read with section 56 of the Banking Regulation Act, 1949. These directions were in force from close of business on January 02, 2019 and were valid up to July 02, 2019, subject to review. Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the
Jul 05, 2019
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Youth Development Co-op. Bank Ltd., Kolhapur, Maharashtra
Youth Development Co-op. Bank Ltd., Kolhapur, Maharashtra, was placed under Directions from close of business on January 05, 2019, for a period of six months, vide Directive dated January 04, 2019 and the Directions are valid up to July 05, 2019 subject to review. 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 35A read with Section 56 of the Banking Regulation
Youth Development Co-op. Bank Ltd., Kolhapur, Maharashtra, was placed under Directions from close of business on January 05, 2019, for a period of six months, vide Directive dated January 04, 2019 and the Directions are valid up to July 05, 2019 subject to review. 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 35A read with Section 56 of the Banking Regulation
Jul 04, 2019
Amanath Co-operative Bank Ltd., Bengaluru- Extension of All Inclusive Directions under Section 35A of the Banking Regulation Act, 1949(AACS)
It is hereby notified for information of public that the Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the directive dated April 1, 2013 read with subsequent directives, last being dated December 21, 2018 issued to the Amanath Cooperative Bank Ltd, Bengaluru for a further period of six months. Accordingly, the Reserve Bank of India, in exercise of powers vested in it under sub section (1) of Sectio
It is hereby notified for information of public that the Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the directive dated April 1, 2013 read with subsequent directives, last being dated December 21, 2018 issued to the Amanath Cooperative Bank Ltd, Bengaluru for a further period of six months. Accordingly, the Reserve Bank of India, in exercise of powers vested in it under sub section (1) of Sectio
Jun 28, 2019
RBI opens third office of the Ombudsman at New Delhi
As announced in the Monetary Policy Statement of December 5, 2018, the Reserve Bank of India (RBI) launched the Ombudsman Scheme for Digital Transactions (OSDT) on January 31, 2019. The Reserve Bank has set up a third office of the Banking Ombudsman (BO) and Ombudsman for Digital Transactions (ODT) at Reserve Bank of India, New Delhi (New Delhi-III) with a view to meet the growing demand for resolution under the Banking Ombudsman Scheme and the OSDT. This office will
As announced in the Monetary Policy Statement of December 5, 2018, the Reserve Bank of India (RBI) launched the Ombudsman Scheme for Digital Transactions (OSDT) on January 31, 2019. The Reserve Bank has set up a third office of the Banking Ombudsman (BO) and Ombudsman for Digital Transactions (ODT) at Reserve Bank of India, New Delhi (New Delhi-III) with a view to meet the growing demand for resolution under the Banking Ombudsman Scheme and the OSDT. This office will
Jun 27, 2019
4 NBFCs surrender their Certificate of Registration to RBI
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. KRC Insurance Advisors Private Limited (presently known as KRChoksey Insurance Ad
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. KRC Insurance Advisors Private Limited (presently known as KRChoksey Insurance Ad
Jun 27, 2019
RBI cancels Certificate of Registration of 23 NBFCs
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sl. No. Name of the Company Registered Office address of the Company CoR No Date of issue of CoR Date of Cancellation of CoR 1. Ansun Investments Limited B-123, Okhla Industrial Area Phase-1, New Delhi-110 020 B-14.01774 June 21, 2000 May 10, 2019 2. Intimate Finance &
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sl. No. Name of the Company Registered Office address of the Company CoR No Date of issue of CoR Date of Cancellation of CoR 1. Ansun Investments Limited B-123, Okhla Industrial Area Phase-1, New Delhi-110 020 B-14.01774 June 21, 2000 May 10, 2019 2. Intimate Finance &
Jun 26, 2019
Public can continue to accept all the coins as legal tender: RBI
The Reserve Bank of India puts into circulation coins minted by the Government of India. These coins have distinctive features. Coins in new denominations to meet transaction needs of public and coins in new designs to reflect various themes - economic, social and cultural - are introduced from time to time. As coins remain in circulation for a longer period, coins of different designs and sizes circulate at the same time. Presently, coins of 50 paise, ₹ 1/-, 2/-, 5/-
The Reserve Bank of India puts into circulation coins minted by the Government of India. These coins have distinctive features. Coins in new denominations to meet transaction needs of public and coins in new designs to reflect various themes - economic, social and cultural - are introduced from time to time. As coins remain in circulation for a longer period, coins of different designs and sizes circulate at the same time. Presently, coins of 50 paise, ₹ 1/-, 2/-, 5/-
Jun 26, 2019
Directions under Section 35A 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 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 dated May 30, 2019 and was valid upto June 30, 2019 subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it u
The CKP Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions vide directive 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 dated May 30, 2019 and was valid upto June 30, 2019 subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it u
Jun 26, 2019
National Urban Co-operative Bank Ltd., Bahraich (U.P.) - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 1,00,000/- (Rupees One Lakh Only) on National Urban Co-operative Bank Ltd., Bahraich, (U.P.) in exercise of powers vested under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of RBI Instructions/Guidelines relating to delay in submission of compliance to Inspection Report of RBI, Know Your Customer (KYC)
The Reserve Bank of India has imposed a monetary penalty of ₹ 1,00,000/- (Rupees One Lakh Only) on National Urban Co-operative Bank Ltd., Bahraich, (U.P.) in exercise of powers vested under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of RBI Instructions/Guidelines relating to delay in submission of compliance to Inspection Report of RBI, Know Your Customer (KYC)
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