Press Releases - Regulating Co-operative Banking - RBI - Reserve Bank of India
Press Releases
Jun 17, 2021
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, (AACS) - Padmashri Dr. Vitthalrao Vikhe Patil Co-op. Bank Ltd., Nashik Maharashtra - Extension of period
Reserve Bank of India, in the public interest, had issued directions to Padmashri Dr. Vitthalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on May 19, 2018. These directions were modified from time to time, the validity of which was last extended upto June 17, 2021. These directions shall contin
Reserve Bank of India, in the public interest, had issued directions to Padmashri Dr. Vitthalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on May 19, 2018. These directions were modified from time to time, the validity of which was last extended upto June 17, 2021. These directions shall contin
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Jun 15, 2021
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Karnala Nagri Sahakari Bank Ltd., Panvel, Maharashtra - Extension of Period
The Reserve Bank of India vide directive DoS.CO.UCBs-West/D-1/12.07.157/2019-20 dated June 15, 2020 had placed Karnala Nagri Sahakari Bank Ltd., Panvel, Raigad, Maharashtra under Directions from the close of business on June 15, 2020 for a period of six months. The validity of the directions was extended vide Directive DOR.AID/D43/12.22.365/2020-21 dated December 14, 2020 up to June 15, 2021. 2. It is hereby notified for the information of the public that Reserve Bank
The Reserve Bank of India vide directive DoS.CO.UCBs-West/D-1/12.07.157/2019-20 dated June 15, 2020 had placed Karnala Nagri Sahakari Bank Ltd., Panvel, Raigad, Maharashtra under Directions from the close of business on June 15, 2020 for a period of six months. The validity of the directions was extended vide Directive DOR.AID/D43/12.22.365/2020-21 dated December 14, 2020 up to June 15, 2021. 2. It is hereby notified for the information of the public that Reserve Bank
Jun 14, 2021
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, (AACS) - Dr.Shivajirao Patil Nilangekar UCBL, Nilanga, District Latur - Extension of period
Reserve Bank of India, in the public interest, had issued directions to Dr.Shivajirao Patil Nilangekar UCBL, Nilanga, District Latur, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on February 16, 2019. These directions were modified from time to time, the validity of which was last extended upto June 14, 2021. These directions shall continue
Reserve Bank of India, in the public interest, had issued directions to Dr.Shivajirao Patil Nilangekar UCBL, Nilanga, District Latur, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on February 16, 2019. These directions were modified from time to time, the validity of which was last extended upto June 14, 2021. These directions shall continue
Jun 11, 2021
Extension of Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - People’s Co-operative Bank Limited, Kanpur (Uttar Pradesh)
The Reserve Bank of India (RBI) has extended the Directions issued to the People’s Co-operative Bank Limited, Kanpur (Uttar Pradesh) for a further period of three months from June 11, 2021 to September 10, 2021, subject to review. The bank has been under directions since June 10, 2020 vide directive DoS.CO.UCBs-North/D-1/12.28.059/2019-20 dated June 09, 2020 issued under Section 35A of the Banking Regulation Act, 1949 (AACS). The validity of the directive, which was l
The Reserve Bank of India (RBI) has extended the Directions issued to the People’s Co-operative Bank Limited, Kanpur (Uttar Pradesh) for a further period of three months from June 11, 2021 to September 10, 2021, subject to review. The bank has been under directions since June 10, 2020 vide directive DoS.CO.UCBs-North/D-1/12.28.059/2019-20 dated June 09, 2020 issued under Section 35A of the Banking Regulation Act, 1949 (AACS). The validity of the directive, which was l
Jun 09, 2021
Directions under Section 35 A read with Section 56 of the BR Act 1949 (AACS) - The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala - Extension of period
The Reserve Bank of India issued Directions to The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala under Section 35 A read with Section 56 of the BR Act 1949 (AACS), vide Directive DCBS.CO.PCC D-4/12.26.004/2018-19 dated November 02, 2018, from close of business on November 09, 2018 for a period of six months, which were extended from time to time, last being up to June 09, 2021 vide the Directive DOR.CO.AID/D-38/12.26.004/2020-21 dated December 04, 2020. The Reserve
The Reserve Bank of India issued Directions to The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala under Section 35 A read with Section 56 of the BR Act 1949 (AACS), vide Directive DCBS.CO.PCC D-4/12.26.004/2018-19 dated November 02, 2018, from close of business on November 09, 2018 for a period of six months, which were extended from time to time, last being up to June 09, 2021 vide the Directive DOR.CO.AID/D-38/12.26.004/2020-21 dated December 04, 2020. The Reserve
Jun 09, 2021
Directions under Section 35 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Sikar Urban Co-operative Bank Ltd, Sikar, Rajasthan- Extension of validity
Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan was placed under All-Inclusive Directions from close of business on November 09, 2018 for a period of six months subject to review, vide Directive dated October 26, 2018. The validity of the directions was last extended vide Directive dated March 09, 2021 for three months up to June 09, 2021, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of po
Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan was placed under All-Inclusive Directions from close of business on November 09, 2018 for a period of six months subject to review, vide Directive dated October 26, 2018. The validity of the directions was last extended vide Directive dated March 09, 2021 for three months up to June 09, 2021, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of po
Jun 02, 2021
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - The Madgaum Urban Co-operative Bank Ltd., Margao, Goa - Extension of Period
The Madgaum Urban Co-operative Bank Ltd., Margao, Goa was placed under Directions vide Directive dated April 26, 2019 from the close of business on May 02, 2019 for a period of six months. The validity of the above Directions was extended from time to time, the last being vide Directive dated March 02, 2021 up to June 02, 2021. 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-secti
The Madgaum Urban Co-operative Bank Ltd., Margao, Goa was placed under Directions vide Directive dated April 26, 2019 from the close of business on May 02, 2019 for a period of six months. The validity of the above Directions was extended from time to time, the last being vide Directive dated March 02, 2021 up to June 02, 2021. 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-secti
May 31, 2021
RBI cancels the licence of Shivajirao Bhosale Sahakari Bank Ltd., Pune, Maharashtra
Today, the Reserve Bank of India (RBI) has, vide order dated May 28, 2021 cancelled the licence of Shivajirao Bhosale Sahakari Bank Ltd., Pune, Maharashtra. Consequently, the bank ceases to carry on banking business, with effect from the close of business on May 31, 2021. The Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Reserve Bank cancelled the licence of
Today, the Reserve Bank of India (RBI) has, vide order dated May 28, 2021 cancelled the licence of Shivajirao Bhosale Sahakari Bank Ltd., Pune, Maharashtra. Consequently, the bank ceases to carry on banking business, with effect from the close of business on May 31, 2021. The Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Reserve Bank cancelled the licence of
May 31, 2021
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Rupee Co-operative Bank Ltd., Pune, Maharashtra - Extension of Period
Reserve Bank of India vide directive UBD.CO.BSD-I./D-28/12.22.2018/2012-13 dated February 21, 2013 had placed the Rupee Co-operative Bank Ltd., Pune, Maharashtra under Directions from the close of business on February 22, 2013. The validity of the directions was extended from time-to-time, the last being up to May 31, 2021. 2. It is hereby notified for the information of the public that, Reserve Bank of India, in exercise of powers vested in it under sub-section (1) o
Reserve Bank of India vide directive UBD.CO.BSD-I./D-28/12.22.2018/2012-13 dated February 21, 2013 had placed the Rupee Co-operative Bank Ltd., Pune, Maharashtra under Directions from the close of business on February 22, 2013. The validity of the directions was extended from time-to-time, the last being up to May 31, 2021. 2. It is hereby notified for the information of the public that, Reserve Bank of India, in exercise of powers vested in it under sub-section (1) o
May 16, 2021
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Mantha Urban Co-operative Bank Limited, Jalna, Maharashtra - Extension of period
The Reserve Bank of India, in the public interest, had issued Directions to Mantha Urban Co-operative Bank Limited, District: Jalna, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on November 17, 2020. The validity of the above Directions was for six months i.e upto May 16, 2021. The Reserve Bank has now further extended the Directions for a
The Reserve Bank of India, in the public interest, had issued Directions to Mantha Urban Co-operative Bank Limited, District: Jalna, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on November 17, 2020. The validity of the above Directions was for six months i.e upto May 16, 2021. The Reserve Bank has now further extended the Directions for a
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Page Last Updated on: October 11, 2024
