Press Releases - Regulating Co-operative Banking - RBI - Reserve Bank of India
Press Releases
May 13, 2019
Gomti Nagariya Sahkari Bank Ltd., Jaunpur, Uttar Pradesh -Withdrawal of Directions issued by the Reserve Bank of India
The Reserve Bank of India (RBI) had issued directions under Section 35A of the Banking Regulation Act, 1949 (as applicable to co-operative societies) to Gomti Nagariya Sahkari Bank Ltd., Jaunpur, Uttar Pradesh vide directive dated July 03, 2017. Directions imposed were extended and modified from time to time, last being up to May 10, 2019 vide Directive dated October 30, 2018. Reserve Bank, on being satisfied that in the public interest it is necessary to do so, in ex
The Reserve Bank of India (RBI) had issued directions under Section 35A of the Banking Regulation Act, 1949 (as applicable to co-operative societies) to Gomti Nagariya Sahkari Bank Ltd., Jaunpur, Uttar Pradesh vide directive dated July 03, 2017. Directions imposed were extended and modified from time to time, last being up to May 10, 2019 vide Directive dated October 30, 2018. Reserve Bank, on being satisfied that in the public interest it is necessary to do so, in ex
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May 10, 2019
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Millath Co-operative Bank Ltd., Davangere District, Karnataka
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 read with Section 56 of the Banking Regulation Act, 1949 (AACS), the Reserve Bank of India has issued certain Directions to Millath Co-operative Bank Ltd, Davangere District, Karnataka whereby, as from the close of business on May 08, 2019, the aforesaid bank shall not, without prior approval of RBI in wri
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 read with Section 56 of the Banking Regulation Act, 1949 (AACS), the Reserve Bank of India has issued certain Directions to Millath Co-operative Bank Ltd, Davangere District, Karnataka whereby, as from the close of business on May 08, 2019, the aforesaid bank shall not, without prior approval of RBI in wri
May 10, 2019
RBI extends Directions issued to The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala for further 6 months
The Reserve Bank of India issued Directions to Adoor Co-operative Urban Bank Limited, Adoor under section 35A read with Section 56 of Banking Regulation Act,1949 vide Directive dated November 02, 2018 which were valid upto May 09, 2019. According to the Directions, depositors will be allowed to withdraw a sum not exceeding ₹ 2000 (Rupees Two Thousand only) of the total balance held in every savings bank or current account or any other deposit account by whatever name
The Reserve Bank of India issued Directions to Adoor Co-operative Urban Bank Limited, Adoor under section 35A read with Section 56 of Banking Regulation Act,1949 vide Directive dated November 02, 2018 which were valid upto May 09, 2019. According to the Directions, depositors will be allowed to withdraw a sum not exceeding ₹ 2000 (Rupees Two Thousand only) of the total balance held in every savings bank or current account or any other deposit account by whatever name
May 10, 2019
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Sikar Urban Co-operative Bank Ltd., Sikar (Rajasthan) - Extension of period of validity
It is hereby notified for information of public that the Reserve Bank of India is satisfied that in public interest it is necessary to extend the period of operation of the directive dated October 26, 2018, effective from close of business on November 09, 2018 issued to Sikar Urban Co-operative Bank Ltd., Sikar (Rajasthan), 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 section 35A
It is hereby notified for information of public that the Reserve Bank of India is satisfied that in public interest it is necessary to extend the period of operation of the directive dated October 26, 2018, effective from close of business on November 09, 2018 issued to Sikar Urban Co-operative Bank Ltd., Sikar (Rajasthan), 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 section 35A
May 06, 2019
RBI issues Directions to the Shivajirao Bhosale Sahakari Bank Ltd., Pune, Maharashtra
The Reserve Bank of India (vide directive dated May 03, 2019 has placed the Shivajirao Bhosale Sahakari Bank Ltd., Pune, Maharashtra, under All-inclusive Directions. According to the Directions, depositors will be allowed to withdraw a sum not exceeding ₹1000/- (Rupees One Thousand only) of the total balance held in every saving bank or current account or any other deposit account by whatever name called, subject to conditions stipulated in the RBI Directions. The Shi
The Reserve Bank of India (vide directive dated May 03, 2019 has placed the Shivajirao Bhosale Sahakari Bank Ltd., Pune, Maharashtra, under All-inclusive Directions. According to the Directions, depositors will be allowed to withdraw a sum not exceeding ₹1000/- (Rupees One Thousand only) of the total balance held in every saving bank or current account or any other deposit account by whatever name called, subject to conditions stipulated in the RBI Directions. The Shi
May 03, 2019
Reserve Bank of India issues Directions to The Madgaum Urban Co-operative Bank Ltd., Margao, Goa
The Reserve Bank of India (RBI) is satisfied that in the interest of the public, it is necessary to issue certain directions to The Madgaum Urban Co-operative Bank Ltd., Margao, Goa. Accordingly, the Reserve Bank of India, in exercise of the powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, hereby directs that, The Madgaum Urba
The Reserve Bank of India (RBI) is satisfied that in the interest of the public, it is necessary to issue certain directions to The Madgaum Urban Co-operative Bank Ltd., Margao, Goa. Accordingly, the Reserve Bank of India, in exercise of the powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, hereby directs that, The Madgaum Urba
Apr 30, 2019
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - The Needs of Life Co-op. Bank Ltd., Mumbai, Maharashtra
The Needs of Life Co-op. Bank Ltd., Mumbai, Maharashtra, was placed under directions from close of business on October 29, 2018, for a period of six months, vide directive dated October 26, 2018 and the directions are valid up to April 29, 2019 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 35A read with Section 56 of the Banking Regulati
The Needs of Life Co-op. Bank Ltd., Mumbai, Maharashtra, was placed under directions from close of business on October 29, 2018, for a period of six months, vide directive dated October 26, 2018 and the directions are valid up to April 29, 2019 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 35A read with Section 56 of the Banking Regulati
Apr 16, 2019
Directions under Section 35A 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 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 last being vide Directive dated October 15, 2018 up to April 17, 2019. 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 Sectio
The City Co-operative Bank Ltd., Mumbai was placed under directions vide directive 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 last being vide Directive dated October 15, 2018 up to April 17, 2019. 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 Sectio
Apr 15, 2019
Reserve Bank of India issues Directions to The Bhimavaram Co-operative Urban Bank Ltd., Bhimavaram (Andhra Pradesh)
The Reserve Bank of India (RBI) is satisfied that in the interest of public, it is necessary to issue certain directions to The Bhimavaram Co-operative Urban Bank Ltd., Bhimavaram, Andhra Pradesh. Accordingly, the Reserve Bank of India, in exercise of the powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, hereby directs that, Th
The Reserve Bank of India (RBI) is satisfied that in the interest of public, it is necessary to issue certain directions to The Bhimavaram Co-operative Urban Bank Ltd., Bhimavaram, Andhra Pradesh. Accordingly, the Reserve Bank of India, in exercise of the powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, hereby directs that, Th
Apr 10, 2019
U.P. Postal Primary Co-operative Bank Ltd., Lucknow- Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 1,00,000/- (Rupees one lakh only) on U.P. Postal Primary Co-operative Bank Ltd., Lucknow 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 for shifting of its branch without obtaining prior approval from RBI. The Reserve Bank of India had is
The Reserve Bank of India has imposed a monetary penalty of ₹ 1,00,000/- (Rupees one lakh only) on U.P. Postal Primary Co-operative Bank Ltd., Lucknow 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 for shifting of its branch without obtaining prior approval from RBI. The Reserve Bank of India had is
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