Press Releases - Regulating Co-operative Banking - RBI - Reserve Bank of India
Press Releases
Sep 03, 2015
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Choundeshwari Sahakari Bank Ltd, Ichalkaranji, Kolhapur
Choundeshwari Sahakari Bank Ltd, Ichalkaranji, Kolhapur, was placed under directions for a period of six months vide directive UBD.CO.BSD-I/D-07/12.22.044/2014-15 dated August 28, 2014 from the close of business on August 30, 2014. The validity of the aforesaid directive was further extended for a period of six months vide directive dated February 05, 2015 from March 01, 2015 to August 31, 2015. It is hereby notified for the information of the public that the period o
Choundeshwari Sahakari Bank Ltd, Ichalkaranji, Kolhapur, was placed under directions for a period of six months vide directive UBD.CO.BSD-I/D-07/12.22.044/2014-15 dated August 28, 2014 from the close of business on August 30, 2014. The validity of the aforesaid directive was further extended for a period of six months vide directive dated February 05, 2015 from March 01, 2015 to August 31, 2015. It is hereby notified for the information of the public that the period o
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Aug 28, 2015
RBI withdraws Directions issued to “The Janata Commercial Cooperative Bank Ltd., Khamgaon, Buldhana, Maharashtra”
The Reserve Bank of India has withdrawn the All Inclusive Directions issued on September 12, 2012 to “The Janata Commercial Cooperative Bank Ltd., Khamgaon (Buldhana), Maharashtra” with effect from the close of business as on August 26, 2015. The withdrawal of Directions is in exercise of powers vested in the Reserve Bank under sub section (2) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies). A copy of the Order is displayed
The Reserve Bank of India has withdrawn the All Inclusive Directions issued on September 12, 2012 to “The Janata Commercial Cooperative Bank Ltd., Khamgaon (Buldhana), Maharashtra” with effect from the close of business as on August 26, 2015. The withdrawal of Directions is in exercise of powers vested in the Reserve Bank under sub section (2) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies). A copy of the Order is displayed
Aug 25, 2015
RBI imposes Monetary Penalty on Latur Urban Co-operative Bank Ltd., Latur
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on Latur Urban Co-operative Bank Ltd., Latur in exercise of powers vested in it under the provisions of Section 47A (1) (b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of the Know Your Customer norms and RBI instructions. The Reserve Bank of India had issued a show cause notice to the bank, in response
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on Latur Urban Co-operative Bank Ltd., Latur in exercise of powers vested in it under the provisions of Section 47A (1) (b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of the Know Your Customer norms and RBI instructions. The Reserve Bank of India had issued a show cause notice to the bank, in response
Aug 24, 2015
RBI imposes Monetary Penalty on Khargone Nagrik Sahakari Bank Maryadit, Khargone
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only ) on the Khargone Nagrik Sahakari Bank Maryadit, Khargone in exercise of powers vested in it under the provisions of Section 47A (1)(b) read with section 46(4) of Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for the violation of the directives/guidelines of the Reserve Bank on implementation of Know Your Customers (KYC)/Anti Money Laundering (AML) no
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only ) on the Khargone Nagrik Sahakari Bank Maryadit, Khargone in exercise of powers vested in it under the provisions of Section 47A (1)(b) read with section 46(4) of Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for the violation of the directives/guidelines of the Reserve Bank on implementation of Know Your Customers (KYC)/Anti Money Laundering (AML) no
Aug 24, 2015
RBI imposes Monetary Penalty on Krishna Mercantile Co-operative Bank Ltd., Bhopal
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees five lakh only) on the Krishna Mercantile Co-operative Bank Ltd., Bhopal in exercise of powers vested in it under the provisions of Section 47A (1)(b) read with section 46(4) of Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for the violation of the directives/guidelines of the Reserve Bank on implementation of Know Your Customers (KYC)/Anti Money Laundering (AML) n
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees five lakh only) on the Krishna Mercantile Co-operative Bank Ltd., Bhopal in exercise of powers vested in it under the provisions of Section 47A (1)(b) read with section 46(4) of Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for the violation of the directives/guidelines of the Reserve Bank on implementation of Know Your Customers (KYC)/Anti Money Laundering (AML) n
Aug 21, 2015
RBI extends Directions issued to Rupee Co-operative Bank Ltd., Pune
The Reserve Bank of India (vide directive DCBR.CO.AID/ D-10/12.22.218/ 2015-16 dated August 20, 2015) has extended directions issued to Rupee Co-operative Bank Ltd., Pune, Maharashtra for a further period of six months from August 22, 2015 to February 21, 2016, subject to review. The directions were originally imposed from February 22, 2013 to August 21, 2013 and were extended on three occasions for a period of six months each and twice for a period of three months ea
The Reserve Bank of India (vide directive DCBR.CO.AID/ D-10/12.22.218/ 2015-16 dated August 20, 2015) has extended directions issued to Rupee Co-operative Bank Ltd., Pune, Maharashtra for a further period of six months from August 22, 2015 to February 21, 2016, subject to review. The directions were originally imposed from February 22, 2013 to August 21, 2013 and were extended on three occasions for a period of six months each and twice for a period of three months ea
Aug 20, 2015
RBI Committee suggests Way Forward for UCBs
The Reserve Bank of India today placed on its website the Report of the High Powered Committee on Urban Co-operative Banks (UCBs) (Chairman: Shri R. Gandhi). Suggestions and comments on the Report may please be forwarded by September 18, 2015 to the Principal Chief General Manager, Department of Co-operative Bank Regulation (DCBR), Reserve Bank of India, Central Office, Garment House, First Floor, Dr. Annie Besant Road, Worli, Mumbai – 400 018 (Fax No. 022-24974030) o
The Reserve Bank of India today placed on its website the Report of the High Powered Committee on Urban Co-operative Banks (UCBs) (Chairman: Shri R. Gandhi). Suggestions and comments on the Report may please be forwarded by September 18, 2015 to the Principal Chief General Manager, Department of Co-operative Bank Regulation (DCBR), Reserve Bank of India, Central Office, Garment House, First Floor, Dr. Annie Besant Road, Worli, Mumbai – 400 018 (Fax No. 022-24974030) o
Aug 13, 2015
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Shatabdi Mahila Sahakari Bank Ltd., Thane, District-Thane, Maharashtra
The Shatabdi Mahila Sahakari Bank Ltd., Thane was placed under directions for a period of six months vide directive UBD.CO.BSD-I/D-5/12.22.504/2014-15 dated August 14, 2014 from the close of business on August 20, 2014. The validity of the aforesaid directive was further extended for a period of six months vide directive DCBR.CO.BSD-I/D-31/12.22.504/2014-15 dated February 04, 2015 from the close of business on February 19, 2015. It is hereby notified for the informati
The Shatabdi Mahila Sahakari Bank Ltd., Thane was placed under directions for a period of six months vide directive UBD.CO.BSD-I/D-5/12.22.504/2014-15 dated August 14, 2014 from the close of business on August 20, 2014. The validity of the aforesaid directive was further extended for a period of six months vide directive DCBR.CO.BSD-I/D-31/12.22.504/2014-15 dated February 04, 2015 from the close of business on February 19, 2015. It is hereby notified for the informati
Aug 10, 2015
RBI imposes Monetary Penalty on Shri Yugprabhav Sahakari Bank Ltd., Vadodara (Gujarat)
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh) on Shri Yugprabhav Sahakari Bank Ltd., Vadodara (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of RBI guidelines for submission of proper compliance of RBI Inspection Report 2013 and sustenance thereof, maintenan
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh) on Shri Yugprabhav Sahakari Bank Ltd., Vadodara (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of RBI guidelines for submission of proper compliance of RBI Inspection Report 2013 and sustenance thereof, maintenan
Aug 06, 2015
RBI further extends Directions issued to Dilip Urban Co-operative Bank Ltd., Barshi, District - Solapur, Maharashtra
The Reserve Bank of India has notified that Dilip Urban Co-operative Bank Ltd., Barshi, District - Solapur was placed under directions for a period of six months vide directive UBD.CO.BSD-I/D-04/12.22.423/2014-15 dated August 06, 2014 from the close of business on August 08, 2014. The validity of the aforesaid directive was further extended for a period of six months from February 08, 2015 to August 07, 2015 vide directive dated January 20, 2015. It is hereby notified
The Reserve Bank of India has notified that Dilip Urban Co-operative Bank Ltd., Barshi, District - Solapur was placed under directions for a period of six months vide directive UBD.CO.BSD-I/D-04/12.22.423/2014-15 dated August 06, 2014 from the close of business on August 08, 2014. The validity of the aforesaid directive was further extended for a period of six months from February 08, 2015 to August 07, 2015 vide directive dated January 20, 2015. It is hereby notified
Aug 05, 2015
RBI imposes Monetary Penalty on Dausa Urban Co-operative Bank Limited, Dausa
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on the Dausa Urban Co-operative Bank Limited, Dausa, in exercise of powers vested in it under the provisions of Section 47A (1)(b) read with section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for the violations of the guidelines/directives on Know Your Customers (KYC)/Anti Money Laundering (AML) in respect of absence of system of ris
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on the Dausa Urban Co-operative Bank Limited, Dausa, in exercise of powers vested in it under the provisions of Section 47A (1)(b) read with section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for the violations of the guidelines/directives on Know Your Customers (KYC)/Anti Money Laundering (AML) in respect of absence of system of ris
Jul 30, 2015
RBI further extends Directions issued to The C.K.P.Co-operative Bank Ltd., Mumbai, Maharashtra
The C.K.P.Co-operative Bank Ltd., Mumbai was placed under directions for a period of six months vide directive UBD.CO.BSD-I/D-34/12.22.035/2013-14 dated April 30, 2014 from the close of business on May 2, 2014. The validity of the aforesaid directive was further extended for a period of three months vide directive dated October 21, 2014 from the close of business on November 1, 2014 and further for a period of six months vide directive dated January 20, 2015 from the
The C.K.P.Co-operative Bank Ltd., Mumbai was placed under directions for a period of six months vide directive UBD.CO.BSD-I/D-34/12.22.035/2013-14 dated April 30, 2014 from the close of business on May 2, 2014. The validity of the aforesaid directive was further extended for a period of three months vide directive dated October 21, 2014 from the close of business on November 1, 2014 and further for a period of six months vide directive dated January 20, 2015 from the
Jul 27, 2015
RBI issues Directions on The Mapusa Urban Co-operative Bank of Goa Ltd., Goa
The Reserve Bank of India has notified 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, the Reserve Bank of India has issued certain Directions to The Mapusa Urban Co-operative Bank of Goa Ltd., Nandadeep, Mapusa, Goa-403507 whereby, as from the close of business on July 24, 2015, the aforesaid bank shall not, without prior approval of RBI in writi
The Reserve Bank of India has notified 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, the Reserve Bank of India has issued certain Directions to The Mapusa Urban Co-operative Bank of Goa Ltd., Nandadeep, Mapusa, Goa-403507 whereby, as from the close of business on July 24, 2015, the aforesaid bank shall not, without prior approval of RBI in writi
Jul 16, 2015
RBI imposes penalty on Gujarat Mercantile Co-operative Bank Ltd., Ahmedabad (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees five lakh only) on Gujarat Mercantile Co-operative Bank Ltd., Ahmedabad (Gujarat) in exercise of powers vested in it under the provisions of Section 47 A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violation of Reserve Bank of India’s guidelines/ instructions by allowing cash withdrawal of ₹ 20.00 lakh after banking hou
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees five lakh only) on Gujarat Mercantile Co-operative Bank Ltd., Ahmedabad (Gujarat) in exercise of powers vested in it under the provisions of Section 47 A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violation of Reserve Bank of India’s guidelines/ instructions by allowing cash withdrawal of ₹ 20.00 lakh after banking hou
Jul 15, 2015
RBI issues Directions on United India Co-operative Bank Ltd., Nagina, Bijnor (Uttar Pradesh)
The Reserve Bank of India is satisfied that in the public interest, it is necessary to issue certain directions to United India Co-operative Bank Ltd., Nagina, Bijnor (Uttar 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 the United India
The Reserve Bank of India is satisfied that in the public interest, it is necessary to issue certain directions to United India Co-operative Bank Ltd., Nagina, Bijnor (Uttar 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 the United India
Jul 10, 2015
RBI imposes Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Jijamata Mahila Sahakari Bank Ltd., Satara, Maharashtra
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 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India has issued certain Directions to Jijamata Mahila Sahakari Bank Ltd., Satara, Maharashtra, whereby, from the close of business on July 10, 2015 the aforesaid bank shall not, without
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 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India has issued certain Directions to Jijamata Mahila Sahakari Bank Ltd., Satara, Maharashtra, whereby, from the close of business on July 10, 2015 the aforesaid bank shall not, without
Jul 08, 2015
RBI extends Directions on Amanath Co-operative Bank Ltd., Bengaluru from July 05, 2015 to January 04, 2016
The Reserve Bank of India has notified that in exercise of powers vested in it under sub section (1) of Section 35A read with Section 56 of the Banking Regulation Act,1949, the Reserve Bank of India has issued certain Directions to Amanath Co-operative Bank Ltd., Bengaluru whereby, as from the close of business on April 05, 2013, the aforesaid bank shall not, without prior approval of RBI in writing, grant or renew any loans and advances, make any investment, incur an
The Reserve Bank of India has notified that in exercise of powers vested in it under sub section (1) of Section 35A read with Section 56 of the Banking Regulation Act,1949, the Reserve Bank of India has issued certain Directions to Amanath Co-operative Bank Ltd., Bengaluru whereby, as from the close of business on April 05, 2013, the aforesaid bank shall not, without prior approval of RBI in writing, grant or renew any loans and advances, make any investment, incur an
Jul 07, 2015
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Brahmawart Commercial Co-operative Bank Ltd., Kanpur
The Reserve Bank of India is satisfied that in the interest of the public it is necessary to issue certain directions to the Brahmawart Commercial Co-operative Bank Ltd., Kanpur. 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 Brahmawart Commerci
The Reserve Bank of India is satisfied that in the interest of the public it is necessary to issue certain directions to the Brahmawart Commercial Co-operative Bank Ltd., Kanpur. 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 Brahmawart Commerci
Jul 03, 2015
RBI issues Directions to Shri Sai Urban Cooperative Bank Ltd., Mukhed, District Nanded, Maharashtra
The Reserve Bank of India has issued Directions to Shri Sai Urban Cooperative Bank Ltd., Mukhed, District Nanded, Maharashtra for a period of six months with effect from close of business as on July 01, 2015. According to the Directions, Shri Sai Urban Cooperative Bank Ltd., Mukhed cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance o
The Reserve Bank of India has issued Directions to Shri Sai Urban Cooperative Bank Ltd., Mukhed, District Nanded, Maharashtra for a period of six months with effect from close of business as on July 01, 2015. According to the Directions, Shri Sai Urban Cooperative Bank Ltd., Mukhed cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance o
Jul 03, 2015
RBI imposes penalty on The Banaskantha Mercantile Co-operative Bank Ltd., Palanpur, Dist. Banaskantha (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on The Banaskantha Mercantile Co-operative Bank Ltd., Palanpur, Dist. Banaskantha (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of the directives/guidelines of the Reserve Bank on Know Your Customer (KYC) and A
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on The Banaskantha Mercantile Co-operative Bank Ltd., Palanpur, Dist. Banaskantha (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of the directives/guidelines of the Reserve Bank on Know Your Customer (KYC) and A
Jul 02, 2015
RBI extends Directions on The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal up to January 6, 2016
The Reserve Bank of India has extended directions issued to The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal. The directions will continue to apply to the bank for a further period of six months from July 07, 2015 to January 06, 2016, subject to review. The Reserve Bank had initially placed the bank under directions for six months w.e.f April 07, 2014 due to its very precarious financial position and the validity of which was subsequently extended on
The Reserve Bank of India has extended directions issued to The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal. The directions will continue to apply to the bank for a further period of six months from July 07, 2015 to January 06, 2016, subject to review. The Reserve Bank had initially placed the bank under directions for six months w.e.f April 07, 2014 due to its very precarious financial position and the validity of which was subsequently extended on
Jul 01, 2015
RBI modifies the Directive imposed on the HCBL Co-operative Bank Ltd., Lucknow
The Reserve Bank of India has notified that in partial modification of its Directive DCBR.CO.BSD.IV/D-39/12.28.073/2014-15 dated April 10, 2015 it has, on June 29, 2015, relaxed the directions on the HCBL Co-operative Bank Ltd., Lucknow. In terms of the said Directive, among other conditions, a sum not exceeding Rs.1,00,000/- of the total balance in every savings bank or current account or any other deposit account by whatever name called, was allowed to be withdrawn
The Reserve Bank of India has notified that in partial modification of its Directive DCBR.CO.BSD.IV/D-39/12.28.073/2014-15 dated April 10, 2015 it has, on June 29, 2015, relaxed the directions on the HCBL Co-operative Bank Ltd., Lucknow. In terms of the said Directive, among other conditions, a sum not exceeding Rs.1,00,000/- of the total balance in every savings bank or current account or any other deposit account by whatever name called, was allowed to be withdrawn
Jun 29, 2015
The R.S.Co-operative Bank Ltd., Mumbai, Maharashtra under RBI directions
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 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India has issued certain Directions to The R.S. Co-operative Bank Ltd., Mumbai, Maharashtra, whereby, as from the close of business on June 26, 2015, the aforesaid bank shall not, without
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 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India has issued certain Directions to The R.S. Co-operative Bank Ltd., Mumbai, Maharashtra, whereby, as from the close of business on June 26, 2015, the aforesaid bank shall not, without
Jun 29, 2015
RBI cancels Licence of Vitthal Nagari Sahakari Bank Ltd., Latur (Maharashtra)
The Reserve Bank of India (RBI) has cancelled the licence of Vitthal Nagari Sahakari Bank Ltd., Latur. The order was made effective from the close of business on June 26, 2015. The Registrar of Co-operative Societies, Maharashtra, has also been requested to issue an order for winding up of the bank and appoint a liquidator. The Reserve Bank cancelled the licence of the bank as: The financial position was precarious and there was no scope for its revival. The bank does
The Reserve Bank of India (RBI) has cancelled the licence of Vitthal Nagari Sahakari Bank Ltd., Latur. The order was made effective from the close of business on June 26, 2015. The Registrar of Co-operative Societies, Maharashtra, has also been requested to issue an order for winding up of the bank and appoint a liquidator. The Reserve Bank cancelled the licence of the bank as: The financial position was precarious and there was no scope for its revival. The bank does
Jun 22, 2015
RBI imposes penalty on The Hubli Urban Co-operative Bank Ltd., Hubli, Karnataka
The Reserve Bank of India has imposed a monetary penalty of ₹20.00 lakh (Rupees Twenty lakh only) on the Hubli Urban Co-operative Bank Ltd., Hubli, Karnataka, in exercise of powers vested in it under the provisions of Section 47 A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violation of Reserve Bank of India’s instructions for irregularities in cheque discounting, overdrawal in OD loan accounts etc
The Reserve Bank of India has imposed a monetary penalty of ₹20.00 lakh (Rupees Twenty lakh only) on the Hubli Urban Co-operative Bank Ltd., Hubli, Karnataka, in exercise of powers vested in it under the provisions of Section 47 A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violation of Reserve Bank of India’s instructions for irregularities in cheque discounting, overdrawal in OD loan accounts etc
Jun 17, 2015
RBI imposes penalty on The Junagadh Commercial Co-operative Bank Ltd., Junagadh (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on The Junagadh Commercial Co-operative Bank Ltd., Junagadh (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of the directives/guidelines of the Reserve Bank on Know Your Customer (KYC) Norms / Anti-Money Launderi
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on The Junagadh Commercial Co-operative Bank Ltd., Junagadh (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of the directives/guidelines of the Reserve Bank on Know Your Customer (KYC) Norms / Anti-Money Launderi
Jun 16, 2015
RBI imposes penalty on The Sutex Co-operative Bank Ltd., Surat (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two Lakh only) on The Sutex Co-operative Bank Ltd., Surat (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of the directives/guidelines of the Reserve Bank on Know Your Customer (KYC) and Anti Money Laundering (AML). The Reserve
The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two Lakh only) on The Sutex Co-operative Bank Ltd., Surat (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of the directives/guidelines of the Reserve Bank on Know Your Customer (KYC) and Anti Money Laundering (AML). The Reserve
Jun 12, 2015
RBI extends Directions issued to The Janata Commercial Cooperative Bank Ltd., Khamgaon (Buldhana), Maharashtra till September 13, 2015
The Reserve Bank of India has extended Directions issued to The Janata Commercial Cooperative Bank Ltd., Khamgaon (Buldhana) for a further period of three months from June 14, 2015 to September 13, 2015, subject to review. The bank was under directions since September 13, 2012. The Directions were earlier extended on four occasions for a period of six months each and on one occasion for a period of three months. The Directions were imposed in exercise of powers vested
The Reserve Bank of India has extended Directions issued to The Janata Commercial Cooperative Bank Ltd., Khamgaon (Buldhana) for a further period of three months from June 14, 2015 to September 13, 2015, subject to review. The bank was under directions since September 13, 2012. The Directions were earlier extended on four occasions for a period of six months each and on one occasion for a period of three months. The Directions were imposed in exercise of powers vested
Jun 11, 2015
RBI penalises The Kutch Mercantile Co-operative Bank Ltd., Rapar, Dist. Kutch (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh) on The Kutch Mercantile Co-operative Bank Ltd., Rapar, Dist. Kutch (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for non-compliance to Inspection Report(IR) for March 31, 2012 and March 31, 2013, not publishing its annual accounts
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh) on The Kutch Mercantile Co-operative Bank Ltd., Rapar, Dist. Kutch (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for non-compliance to Inspection Report(IR) for March 31, 2012 and March 31, 2013, not publishing its annual accounts
Jun 11, 2015
RBI imposes penalty on The Pij Peoples Co-operative Bank Ltd., Pij, Dist. Kheda
The Reserve Bank of India has imposed a monetary penalty ₹ 1.00 lakh (Rupees One Lakh only) on the Pij People’s Co-operative Bank Ltd., Pij, Dist. Kheda (Gujarat) in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation pertaining to risk categorization of accounts and non-reporting of Cash Transaction Reports (CTRs) to Financia
The Reserve Bank of India has imposed a monetary penalty ₹ 1.00 lakh (Rupees One Lakh only) on the Pij People’s Co-operative Bank Ltd., Pij, Dist. Kheda (Gujarat) in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation pertaining to risk categorization of accounts and non-reporting of Cash Transaction Reports (CTRs) to Financia
Jun 10, 2015
RBI extends Directions issued to Indian Mercantile Co-operative Bank Ltd., Lucknow, Uttar Pradesh till September 11, 2015
The Reserve Bank of India has extended Directions issued to Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of three months from June 12, 2015 to September 11, 2015, subject to review. The bank was under directions since June 12, 2014. According to the Directions, Indian Mercantile Co-operative Bank Ltd., Lucknow cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any
The Reserve Bank of India has extended Directions issued to Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of three months from June 12, 2015 to September 11, 2015, subject to review. The bank was under directions since June 12, 2014. According to the Directions, Indian Mercantile Co-operative Bank Ltd., Lucknow cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any
Jun 09, 2015
RBI imposes penalty on Integral Urban Co-operative Bank Limited, Jaipur
The Reserve Bank of India has imposed a monetary penalty of ₹ 20.00 lakh (Rupees twenty lakh only ) on the Integral Urban Co-operative Bank Limited, Jaipur, in exercise of powers vested in it under the provisions of Section 47A (1)(b) read with section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for the following violations of the guidelines/directives on Know Your Customers (KYC)/Anti Money Laundering (AML) viz. (i) Absence of
The Reserve Bank of India has imposed a monetary penalty of ₹ 20.00 lakh (Rupees twenty lakh only ) on the Integral Urban Co-operative Bank Limited, Jaipur, in exercise of powers vested in it under the provisions of Section 47A (1)(b) read with section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for the following violations of the guidelines/directives on Know Your Customers (KYC)/Anti Money Laundering (AML) viz. (i) Absence of
Jun 02, 2015
RBI imposes penalty on Shree Mahalaxmi Mercantile Co-operative Bank Ltd., Dabhoi, Dist. Vadodara (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees five lakh only) on Shree Mahalaxmi Mercantile Co-operative Bank Ltd., Dabhoi, Dist. Vadodara (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of operational instructions issued by RBI u/s 36 (1) of the B R Act, 1949 (AACS) and RBI
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees five lakh only) on Shree Mahalaxmi Mercantile Co-operative Bank Ltd., Dabhoi, Dist. Vadodara (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of operational instructions issued by RBI u/s 36 (1) of the B R Act, 1949 (AACS) and RBI
May 21, 2015
RBI extends Directions issued to Rupee Co-operative Bank Ltd., Pune
The Reserve Bank of India has extended directions issued to Rupee Co-operative Bank Ltd., Pune, Maharashtra for a further period of three months from May 22, 2015 to August 21, 2015, subject to review. The directions were originally imposed from February 22, 2013 to August 21, 2013 and were extended on three occasions for a period of six months each and once for a period of three months. The last extension was for a period of six months from November 22, 2014 to May 2
The Reserve Bank of India has extended directions issued to Rupee Co-operative Bank Ltd., Pune, Maharashtra for a further period of three months from May 22, 2015 to August 21, 2015, subject to review. The directions were originally imposed from February 22, 2013 to August 21, 2013 and were extended on three occasions for a period of six months each and once for a period of three months. The last extension was for a period of six months from November 22, 2014 to May 2
May 18, 2015
RBI extends Directions issued to Lokseva Sahakari Bank Ltd., Pune, Maharashtra
The Reserve Bank of India has extended Directions issued to Lokseva Sahakari Bank Ltd., Pune, Maharashtra for a further period of six months from May 20, 2015 to November 19, 2015, subject to review. The bank was under directions since May 19, 2014. The Directions were earlier extended for a period of six months. The Directions were imposed in exercise of powers vested in the Reserve Bank under sub Section (1) of Section 35A of the Banking Regulation Act, 1949, (AACS)
The Reserve Bank of India has extended Directions issued to Lokseva Sahakari Bank Ltd., Pune, Maharashtra for a further period of six months from May 20, 2015 to November 19, 2015, subject to review. The bank was under directions since May 19, 2014. The Directions were earlier extended for a period of six months. The Directions were imposed in exercise of powers vested in the Reserve Bank under sub Section (1) of Section 35A of the Banking Regulation Act, 1949, (AACS)
May 14, 2015
RBI extends Directions issued to Vitthal Nagari Sahakari Bank Ltd., Latur, Maharashtra
The Reserve Bank of India has extended Directions issued to Vitthal Nagari Sahakari Bank Ltd., Latur, Maharashtra for a further period of three months from May 15, 2015 to August 14, 2015, subject to review. The bank was under directions since November 15, 2013. The Directions were earlier extended on three occasions for a period of six months each. The Directions were imposed in exercise of powers vested in the Reserve Bank under sub Section (1) of Section 35A of the
The Reserve Bank of India has extended Directions issued to Vitthal Nagari Sahakari Bank Ltd., Latur, Maharashtra for a further period of three months from May 15, 2015 to August 14, 2015, subject to review. The bank was under directions since November 15, 2013. The Directions were earlier extended on three occasions for a period of six months each. The Directions were imposed in exercise of powers vested in the Reserve Bank under sub Section (1) of Section 35A of the
May 14, 2015
RBI Penalised Tenali Co-operative Urban Bank Ltd., Tenali, Andhra Pradesh
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on the Tenali Co-operative Urban Bank Ltd., Tenali, Andhra Pradesh, in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949(As Applicable to Co-operative Societies), for violation of B. R. Act provisions relating to publication and submission of Balance sheet, Profit & Loss account and a
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on the Tenali Co-operative Urban Bank Ltd., Tenali, Andhra Pradesh, in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949(As Applicable to Co-operative Societies), for violation of B. R. Act provisions relating to publication and submission of Balance sheet, Profit & Loss account and a
May 11, 2015
RBI imposes penalty on Sri Ganesh Co-operative Bank Ltd., Gulbarga, Karnataka
The Reserve Bank of India has imposed a monetary penalty of ₹ 15.00 lakh (Rupees Fifteen lakh only) on Sri Ganesh Co-operative Bank Ltd., Gulbarga, Karnataka, in exercise of powers vested in it under the provisions of Section 47 A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violation of Reserve Bank of India’s instructions for violating Know Your Customers (KYC)/Anti Money Laundering (AML) Guidelin
The Reserve Bank of India has imposed a monetary penalty of ₹ 15.00 lakh (Rupees Fifteen lakh only) on Sri Ganesh Co-operative Bank Ltd., Gulbarga, Karnataka, in exercise of powers vested in it under the provisions of Section 47 A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violation of Reserve Bank of India’s instructions for violating Know Your Customers (KYC)/Anti Money Laundering (AML) Guidelin
May 05, 2015
RBI cancels Licence of Shri Swami Samarth Urban Cooperative Bank Ltd., Naldurg (Osmanabad)
The Reserve Bank of India (RBI) has cancelled the licence of Shri Swami Samarth Urban Co-operative Bank Ltd., Naldurg, Osmanabad. The order was made effective from the close of business on April 30, 2015. The Registrar of Co-operative Societies Maharashtra has also been requested to issue an order for winding up of the bank and appoint a liquidator. The Reserve Bank cancelled the licence of the bank as: The financial position was precarious and there was no scope for
The Reserve Bank of India (RBI) has cancelled the licence of Shri Swami Samarth Urban Co-operative Bank Ltd., Naldurg, Osmanabad. The order was made effective from the close of business on April 30, 2015. The Registrar of Co-operative Societies Maharashtra has also been requested to issue an order for winding up of the bank and appoint a liquidator. The Reserve Bank cancelled the licence of the bank as: The financial position was precarious and there was no scope for
May 05, 2015
RBI extends Directions issued to Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad, Maharashtra till November 03, 2015
The Reserve Bank of India has extended Directions issued to Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad for a further period of six months from May 04, 2015 to November 03, 2015, subject to review. The bank was under directions since May 2012. The Directions were earlier extended on five occasions for a period of six months each. The Directions were imposed in exercise of powers vested in the Reserve Bank under sub section (1) of Section 35A of th
The Reserve Bank of India has extended Directions issued to Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad for a further period of six months from May 04, 2015 to November 03, 2015, subject to review. The bank was under directions since May 2012. The Directions were earlier extended on five occasions for a period of six months each. The Directions were imposed in exercise of powers vested in the Reserve Bank under sub section (1) of Section 35A of th
Apr 30, 2015
RBI extends Directions on the Bhopal Nagrik Sahakari Bank Ltd., Bhopal (M.P.)
The Reserve Bank of India has issued certain Directions to Bhopal Nagrik Sahakari Bank Ltd., Bhopal (M.P.). The directive shall continue to apply for a further period of six months from May 01, 2015 to October 31, 2015, subject to review. The bank is under directions from the close of business of October 31, 2012. According to the Directions, Bhopal Nagrik Sahakari Bank Ltd., Bhopal (M.P.) cannot, from the close of business on October 31, 2012 and without prior approv
The Reserve Bank of India has issued certain Directions to Bhopal Nagrik Sahakari Bank Ltd., Bhopal (M.P.). The directive shall continue to apply for a further period of six months from May 01, 2015 to October 31, 2015, subject to review. The bank is under directions from the close of business of October 31, 2012. According to the Directions, Bhopal Nagrik Sahakari Bank Ltd., Bhopal (M.P.) cannot, from the close of business on October 31, 2012 and without prior approv
Apr 27, 2015
RBI imposes penalty on Bhavana Rishi Co-operative Urban Bank Ltd., Hyderabad, Telangana
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on the Bhavana Rishi Co-operative Urban Bank Ltd., Hyderabad, Telangana, in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949(As Applicable to Co-operative Societies), for violation of Section 20A of Banking Regulation Act, 1949 (AACS) and directives/guidelines of the Reserve Bank on loan
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on the Bhavana Rishi Co-operative Urban Bank Ltd., Hyderabad, Telangana, in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949(As Applicable to Co-operative Societies), for violation of Section 20A of Banking Regulation Act, 1949 (AACS) and directives/guidelines of the Reserve Bank on loan
Apr 24, 2015
RBI imposes penalty on The Halol Mercantile Co-operative Bank Ltd., Halol Dist. Panchmahals (Gujarat)
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on the The Halol Mercantile Co-operative Bank Ltd., Halol Dist. Panchmahals (Gujarat) in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation pertaining to sanctioning unsecured loans despite operational restriction imposed on it und
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on the The Halol Mercantile Co-operative Bank Ltd., Halol Dist. Panchmahals (Gujarat) in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation pertaining to sanctioning unsecured loans despite operational restriction imposed on it und
Apr 24, 2015
RBI extends Directions on The Panihati Co-operative Bank Ltd., Kolkata
The Reserve Bank of India has extended directions for a further period of six months from April 24, 2015 imposed on The Panihati Co-operative Bank Ltd., Panihati, Kolkata, West Bengal. The directions will continue to apply to the bank until October 23, 2015, subject to review. The Reserve Bank had first placed the bank under directions for six months on April 24, 2014 due to its very precarious financial position and the validity of which was subsequently extended up
The Reserve Bank of India has extended directions for a further period of six months from April 24, 2015 imposed on The Panihati Co-operative Bank Ltd., Panihati, Kolkata, West Bengal. The directions will continue to apply to the bank until October 23, 2015, subject to review. The Reserve Bank had first placed the bank under directions for six months on April 24, 2014 due to its very precarious financial position and the validity of which was subsequently extended up
Apr 17, 2015
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - HCBL Co-operative Bank Ltd., Lucknow
The Reserve Bank of India has, after satisfying itself that it is necessary in public interest to do so, issued certain directions to HCBL Co-operative Bank Ltd., Lucknow. The instructions will remain in force for a period of six months, subject to review from time to time. Accordingly, HCBL Co-operative Bank Ltd., Lucknow, from the close of business on April 16, 2015, cannot, without prior approval in writing from the Reserve Bank of India, grant or renew any loans a
The Reserve Bank of India has, after satisfying itself that it is necessary in public interest to do so, issued certain directions to HCBL Co-operative Bank Ltd., Lucknow. The instructions will remain in force for a period of six months, subject to review from time to time. Accordingly, HCBL Co-operative Bank Ltd., Lucknow, from the close of business on April 16, 2015, cannot, without prior approval in writing from the Reserve Bank of India, grant or renew any loans a
Apr 15, 2015
RBI cancels Certificate of Registration of M/s Ramir Finance & Leasing Company Ltd., Punjab
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFC) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation M/s Ramir Finance & Leasing Company Ltd. 11, Gurunanak Market, Shastri Nagar, Batala, Punjab-143505 A-06.00336 July 24, 2007 Jan
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFC) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation M/s Ramir Finance & Leasing Company Ltd. 11, Gurunanak Market, Shastri Nagar, Batala, Punjab-143505 A-06.00336 July 24, 2007 Jan
Apr 13, 2015
RBI withdraws Directions issued to Kisan Nagari Sahakari Bank Maryadit, Parbhani, Maharashtra
The Reserve Bank of India has withdrawn the All Inclusive Directions issued on January 29, 2015 to Kisan Nagari Sahakari Bank Maryadit, Parbhani, Maharashtra with effect from close of business as on April 09, 2015.The withdrawal of Directions is in exercise of powers vested in the Reserve Bank under sub section (2) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies). A copy of the Order is displayed on the bank's premises for pe
The Reserve Bank of India has withdrawn the All Inclusive Directions issued on January 29, 2015 to Kisan Nagari Sahakari Bank Maryadit, Parbhani, Maharashtra with effect from close of business as on April 09, 2015.The withdrawal of Directions is in exercise of powers vested in the Reserve Bank under sub section (2) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies). A copy of the Order is displayed on the bank's premises for pe
Apr 10, 2015
RBI imposes penalty on Vananchal Gramin Bank for violation of Branch Licensing Guidelines
The Reserve Bank of India has imposed a penalty of ` 50,000/- (Rupees Fifty Thousand only) on Vananchal Gramin Bank, Dumka, Jharkhand in exercise of powers vested in it under provisions of Section 47A read with Section 46 (4) of the Banking Regulation Act, 1949, for violation of Branch Licensing Guidelines. The Reserve Bank of India had issued a show cause notice to the bank in response to which the banks submitted a written reply. After considering the facts of the c
The Reserve Bank of India has imposed a penalty of ` 50,000/- (Rupees Fifty Thousand only) on Vananchal Gramin Bank, Dumka, Jharkhand in exercise of powers vested in it under provisions of Section 47A read with Section 46 (4) of the Banking Regulation Act, 1949, for violation of Branch Licensing Guidelines. The Reserve Bank of India had issued a show cause notice to the bank in response to which the banks submitted a written reply. After considering the facts of the c
Apr 08, 2015
RBI extends Directions on Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (M.P.)
The Reserve Bank of India has issued certain Directions to Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (M.P.). The directions shall continue to apply for a further period of six months from April 09, 2015 to October 08, 2015, subject to review. The bank is under directions from the close of business of April 09, 2010. According to the Reserve Bank’s directions, Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (M.P.) cannot, from the close of business on Apr
The Reserve Bank of India has issued certain Directions to Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (M.P.). The directions shall continue to apply for a further period of six months from April 09, 2015 to October 08, 2015, subject to review. The bank is under directions from the close of business of April 09, 2010. According to the Reserve Bank’s directions, Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (M.P.) cannot, from the close of business on Apr
Mar 31, 2015
RBI penalises 16 Central Co-operative Banks (CCBs)
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) each on 16 Central Co-operative Banks listed below. Penalties have been imposed in exercise of powers vested in it under the provisions of Section 47(A) read with Section 46 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for non-adherence to Know Your Customer (KYC) norms and Anti-Money Laundering (AML) standards. Sr.No. Name of the Bank 1. T
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) each on 16 Central Co-operative Banks listed below. Penalties have been imposed in exercise of powers vested in it under the provisions of Section 47(A) read with Section 46 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for non-adherence to Know Your Customer (KYC) norms and Anti-Money Laundering (AML) standards. Sr.No. Name of the Bank 1. T
Mar 26, 2015
Pioneer Urban Co-operative Bank Ltd., Lucknow placed under Directions
The Reserve Bank of India has, after satisfying itself that it is necessary in public interest to do so, issued certain directions to Pioneer Urban Co-operative Bank Ltd., Lucknow. The instructions will remain in force for a period of six months, subject to review from time to time. Accordingly, Pioneer Urban Co-operative Bank Ltd., Lucknow, from the close of business on March 24, 2015, cannot, without prior approval in writing from the Reserve Bank of India, grant or
The Reserve Bank of India has, after satisfying itself that it is necessary in public interest to do so, issued certain directions to Pioneer Urban Co-operative Bank Ltd., Lucknow. The instructions will remain in force for a period of six months, subject to review from time to time. Accordingly, Pioneer Urban Co-operative Bank Ltd., Lucknow, from the close of business on March 24, 2015, cannot, without prior approval in writing from the Reserve Bank of India, grant or
Mar 26, 2015
RBI extends Directions issued to Shree Ganesh Sahakari Bank Ltd., Nashik, Maharashtra
The Reserve Bank of India has extended the validity of Directions issued to Shree Ganesh Sahakari Bank Ltd., Nashik, Maharashtra for a further period of six months from March 30, 2015 to September 29, 2015 subject to review. The bank was under directions since April 01, 2013 which were extended thrice for a period of six months each from the close of business on October 01, 2013, April 01, 2014 and September 30, 2014. The Reserve Bank has issued these directions in ex
The Reserve Bank of India has extended the validity of Directions issued to Shree Ganesh Sahakari Bank Ltd., Nashik, Maharashtra for a further period of six months from March 30, 2015 to September 29, 2015 subject to review. The bank was under directions since April 01, 2013 which were extended thrice for a period of six months each from the close of business on October 01, 2013, April 01, 2014 and September 30, 2014. The Reserve Bank has issued these directions in ex
Mar 17, 2015
RBI extends Directions issued to The Janata Commercial Cooperative Bank Ltd., Khamgaon, (Buldhana) Maharashtra till June 13, 2015
The Reserve Bank of India has extended Directions issued to The Janata Commercial Cooperative Bank Ltd., Khamgaon, (Buldhana) Maharashtra for a further period of three months from March 14, 2015 to June 13, 2015, subject to review. The bank was under directions since September 2012. According to the Directions, The Janata Commercial Cooperative Bank Ltd., Khamgaon cannot and without prior approval of the Reserve Bank in writing, grant or renew any loans and advances,
The Reserve Bank of India has extended Directions issued to The Janata Commercial Cooperative Bank Ltd., Khamgaon, (Buldhana) Maharashtra for a further period of three months from March 14, 2015 to June 13, 2015, subject to review. The bank was under directions since September 2012. According to the Directions, The Janata Commercial Cooperative Bank Ltd., Khamgaon cannot and without prior approval of the Reserve Bank in writing, grant or renew any loans and advances,
Mar 13, 2015
RBI extends Directions issued to The Choundeshwari Sahakari Bank Ltd, Ichalkaranji, Kolhapur
The Reserve Bank of India has extended Directions issued to The Choundeshwari Sahakari Bank Ltd, Ichalkaranji, Kolhapur for a further period of six months from the close of business on March 01, 2015 to August 31, 2015, subject to review. The bank was under directions since August 28, 2014. The Reserve Bank has issued these directions in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operat
The Reserve Bank of India has extended Directions issued to The Choundeshwari Sahakari Bank Ltd, Ichalkaranji, Kolhapur for a further period of six months from the close of business on March 01, 2015 to August 31, 2015, subject to review. The bank was under directions since August 28, 2014. The Reserve Bank has issued these directions in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operat
Mar 10, 2015
RBI extends Directions issued to Shree Chhatrapati Urban Co-operative Bank Ltd., Pimple Nilakh, District - Pune, Maharashtra
The Reserve Bank of India has extended Directions issued to Shree Chhatrapati Urban Co-operative Bank Ltd., Pimple Nilakh, District-Pune, Maharashtra for a further period of six months from the close of business on March 11, 2015, subject to review. The bank was under directions since September 12, 2014 The Reserve Bank has issued these directions in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable
The Reserve Bank of India has extended Directions issued to Shree Chhatrapati Urban Co-operative Bank Ltd., Pimple Nilakh, District-Pune, Maharashtra for a further period of six months from the close of business on March 11, 2015, subject to review. The bank was under directions since September 12, 2014 The Reserve Bank has issued these directions in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable
Feb 20, 2015
RBI extends Directions issued to Shatabdi Mahila Sahakari Bank Ltd., Thane, District-Thane, Maharashtra
The Reserve Bank of India has extended Directions issued to Shatabdi Mahila Sahakari Bank Ltd., Thane, District-Thane, Maharashtra for a further period of six months from the close of business on February 19, 2015, subject to review. The bank was under directions since August 20, 2014. The Reserve Bank has issued these directions in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative S
The Reserve Bank of India has extended Directions issued to Shatabdi Mahila Sahakari Bank Ltd., Thane, District-Thane, Maharashtra for a further period of six months from the close of business on February 19, 2015, subject to review. The bank was under directions since August 20, 2014. The Reserve Bank has issued these directions in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative S
Feb 20, 2015
RBI cancels Licence of The United Commercial Co-operative Bank Ltd., Kanpur (Uttar Pradesh)
The Reserve Bank of India (RBI) has cancelled the licence of United Commercial Co-operative Bank Ltd., Kanpur (Uttar Pradesh). The order was made effective from the close of business on January 24, 2015. The Registrar of Co-operative Societies Uttar Pradesh has also been requested to issue an order for winding up of the bank and appoint a liquidator. The Reserve Bank cancelled the licence of the bank as: Its operations were being carried out in a manner detrimental to
The Reserve Bank of India (RBI) has cancelled the licence of United Commercial Co-operative Bank Ltd., Kanpur (Uttar Pradesh). The order was made effective from the close of business on January 24, 2015. The Registrar of Co-operative Societies Uttar Pradesh has also been requested to issue an order for winding up of the bank and appoint a liquidator. The Reserve Bank cancelled the licence of the bank as: Its operations were being carried out in a manner detrimental to
Feb 05, 2015
RBI issues Directions to Kisan Nagari Sahakari Bank Maryadit, Parbhani, Maharashtra
The Reserve Bank of India has issued Directions to Kisan Nagari Sahakari Bank Maryadit, Parbhani, Maharashtra for a period of six months with effect from close of business as on January 29, 2015. According to the Directions, Kisan Nagari Sahakari Bank Maryadit, Parbhani cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh depo
The Reserve Bank of India has issued Directions to Kisan Nagari Sahakari Bank Maryadit, Parbhani, Maharashtra for a period of six months with effect from close of business as on January 29, 2015. According to the Directions, Kisan Nagari Sahakari Bank Maryadit, Parbhani cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh depo
Jan 29, 2015
RBI cancels Licence of Baranagar Co-operative Bank Ltd., Kolkata (West Bengal)
The Reserve Bank of India (RBI) has cancelled the licence of Baranagar Co-operative Bank Ltd., Kolkata (West Bengal). The order was made effective from the close of business on January 21, 2015. The Registrar of Co-operative Societies, West Bengal has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Reserve Bank issued the order in view of the fact that the bank had ceased to be solvent, all efforts to revive had
The Reserve Bank of India (RBI) has cancelled the licence of Baranagar Co-operative Bank Ltd., Kolkata (West Bengal). The order was made effective from the close of business on January 21, 2015. The Registrar of Co-operative Societies, West Bengal has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Reserve Bank issued the order in view of the fact that the bank had ceased to be solvent, all efforts to revive had
Jan 27, 2015
RBI cancels Licence of United Commercial Co-operative Bank Ltd., Kanpur
The Reserve Bank of India has, on January 20, 2015, cancelled the licence of United Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh to carry on banking business. As such, the bank cannot transact the business of 'banking' as defined in Section 5(b) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), including acceptance/repayment of deposits. The licence was cancelled under Section 22 of the Banking Regulation Act, 1949 (As applicab
The Reserve Bank of India has, on January 20, 2015, cancelled the licence of United Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh to carry on banking business. As such, the bank cannot transact the business of 'banking' as defined in Section 5(b) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), including acceptance/repayment of deposits. The licence was cancelled under Section 22 of the Banking Regulation Act, 1949 (As applicab
Jan 21, 2015
RBI extends Directions on Amanath Co-operative Bank Ltd., Bengaluru till July 04, 2015
The Reserve Bank of India has extended the Directions issued to Amanath Co-operative Bank Ltd., Bengaluru for a further period of six months from January 05, 2015 to July 04, 2015, subject to review. The bank was under Directions since April 05, 2013. According to the Directions, Amanath Co-operative Bank Ltd., Bengaluru cannot from the close of business on April 05, 2013, without prior approval of the Reserve Bank in writing grant or renew any loans and advances, mak
The Reserve Bank of India has extended the Directions issued to Amanath Co-operative Bank Ltd., Bengaluru for a further period of six months from January 05, 2015 to July 04, 2015, subject to review. The bank was under Directions since April 05, 2013. According to the Directions, Amanath Co-operative Bank Ltd., Bengaluru cannot from the close of business on April 05, 2013, without prior approval of the Reserve Bank in writing grant or renew any loans and advances, mak
Jan 01, 2015
RBI extends Directions on The Suri Friends’ Union Cooperative Bank Limited, Suri, West Bengal
The Reserve Bank of India has extended Directions issued to The Suri Friends’ Union Cooperative Bank Limited, Suri, West Bengal. The directions will continue to apply to the bank for a further period of six months from January 07, 2015 to July 06, 2015, subject to review. The Reserve Bank had initially placed the bank under directions for six months w.e.f. April 7, 2014 due to its very precarious financial position and the validity of which was subsequently extended o
The Reserve Bank of India has extended Directions issued to The Suri Friends’ Union Cooperative Bank Limited, Suri, West Bengal. The directions will continue to apply to the bank for a further period of six months from January 07, 2015 to July 06, 2015, subject to review. The Reserve Bank had initially placed the bank under directions for six months w.e.f. April 7, 2014 due to its very precarious financial position and the validity of which was subsequently extended o
Dec 24, 2014
RBI imposes penalty on Rajputana Mahila Urban Co-operative Bank Limited, Jaipur
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on Rajputana Mahila Urban Co-operative Bank Limited, Jaipur in exercise of powers vested in it under the provisions of Section 47(A) (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of the provisions of RBI guidelines on Know Your Customers (KYC) norms and Anti Money Laundering (AML) and exposure to
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on Rajputana Mahila Urban Co-operative Bank Limited, Jaipur in exercise of powers vested in it under the provisions of Section 47(A) (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of the provisions of RBI guidelines on Know Your Customers (KYC) norms and Anti Money Laundering (AML) and exposure to
Dec 17, 2014
RBI imposes monetary penalty on two banks; cautions three banks for violating KYC/AML Instructions
The Reserve Bank of India has imposed monetary penalty on the following two banks for violation of its instructions, among other things, on know your customer/anti money laundering Know Your Customer(KYC)/Anti Money Laundering (AML). The details of the penalty are: Sl. No. Name of the bank Penalty Amount (in ` mn) 1 ICICI Bank Ltd. 5.00 2 Bank of Baroda 2.50 The penalties have been imposed in exercise of powers vested in the Reserve Bank under the provisions of Sectio
The Reserve Bank of India has imposed monetary penalty on the following two banks for violation of its instructions, among other things, on know your customer/anti money laundering Know Your Customer(KYC)/Anti Money Laundering (AML). The details of the penalty are: Sl. No. Name of the bank Penalty Amount (in ` mn) 1 ICICI Bank Ltd. 5.00 2 Bank of Baroda 2.50 The penalties have been imposed in exercise of powers vested in the Reserve Bank under the provisions of Sectio
Dec 11, 2014
RBI extends Directions issued to Indian Mercantile Co-operative Bank Ltd., Lucknow, Uttar Pradesh till June 11, 2015
The Reserve Bank of India has extended Directions issued to Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of six months from December 12, 2014 to June 11, 2015, subject to review. The bank was under directions since June 12, 2014. According to the Directions, Indian Mercantile Co-operative Bank Ltd., Lucknow cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any li
The Reserve Bank of India has extended Directions issued to Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of six months from December 12, 2014 to June 11, 2015, subject to review. The bank was under directions since June 12, 2014. According to the Directions, Indian Mercantile Co-operative Bank Ltd., Lucknow cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any li
Dec 09, 2014
RBI cancels Certificate of Registration
The Reserve Bank of India have cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934 as the companies have opted to exit from the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. Rajasthan State Industrial
The Reserve Bank of India have cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934 as the companies have opted to exit from the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. Rajasthan State Industrial
Dec 04, 2014
RBI extends Directions on Rupee Co-operative Bank Ltd., Pune
The Reserve Bank of India has issued certain Directions to Rupee Co-operative Bank Ltd., Pune. The directive shall continue to apply for a further period of six months from November 22, 2014 to May 21, 2015, subject to review. The bank was under directions since February 22, 2013 According to the Directions, Rupee Co-operative Bank cannot, from the close of business on February 22, 2013 and without prior approval of the Reserve Bank in writing grant or renew any loans
The Reserve Bank of India has issued certain Directions to Rupee Co-operative Bank Ltd., Pune. The directive shall continue to apply for a further period of six months from November 22, 2014 to May 21, 2015, subject to review. The bank was under directions since February 22, 2013 According to the Directions, Rupee Co-operative Bank cannot, from the close of business on February 22, 2013 and without prior approval of the Reserve Bank in writing grant or renew any loans
Nov 28, 2014
RBI extends Directions issued to United Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh till February 28, 2015
The Reserve Bank of India has extended Directions issued to United Commercial Co-operative Bank Ltd., Kanpur for a further period of three months from December 1, 2014 to February 28, 2015, subject to review. The bank was under directions since June 1, 2013. According to the Directions, United Commercial Co-operative Bank Ltd., Kanpur cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any
The Reserve Bank of India has extended Directions issued to United Commercial Co-operative Bank Ltd., Kanpur for a further period of three months from December 1, 2014 to February 28, 2015, subject to review. The bank was under directions since June 1, 2013. According to the Directions, United Commercial Co-operative Bank Ltd., Kanpur cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any
Nov 26, 2014
RBI extends Directions issued to Shri Swami Samarth Urban Cooperative Bank Ltd., Naldurg (Osmanabad), Maharashtra till February 13, 2015
The Reserve Bank of India has extended Directions issued to Shri Swami Samarth Urban Cooperative Bank Ltd., Naldurg (Osmanabad), Maharashtra for a further period of three months from November 14, 2014 to February 13, 2015, subject to review. The bank was under directions since November 14, 2013. According to the Directions, Shri Swami Samarth Urban Cooperative Bank Ltd., cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and adva
The Reserve Bank of India has extended Directions issued to Shri Swami Samarth Urban Cooperative Bank Ltd., Naldurg (Osmanabad), Maharashtra for a further period of three months from November 14, 2014 to February 13, 2015, subject to review. The bank was under directions since November 14, 2013. According to the Directions, Shri Swami Samarth Urban Cooperative Bank Ltd., cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and adva
Nov 26, 2014
RBI extends Directions issued to Vitthal Nagari Sahakari Bank Ltd., Latur, Maharashtra till May 14, 2015
The Reserve Bank of India has extended Directions issued to Vitthal Nagari Sahakari Bank Ltd., Latur Maharashtra for a further period of six months from November 15, 2014 to May 14, 2015, subject to review. The bank was under directions since November 15, 2013. According to the Directions, Vitthal Nagari Sahakari Bank Ltd., Latur cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any liabi
The Reserve Bank of India has extended Directions issued to Vitthal Nagari Sahakari Bank Ltd., Latur Maharashtra for a further period of six months from November 15, 2014 to May 14, 2015, subject to review. The bank was under directions since November 15, 2013. According to the Directions, Vitthal Nagari Sahakari Bank Ltd., Latur cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any liabi
Nov 24, 2014
RBI extends Directions issued to Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad, Maharashtra till May 03, 2015
The Reserve Bank of India has extended Directions issued to Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad for a further period of six months from November 04, 2014 to May 03, 2015, subject to review. The bank was under directions since May 2012. According to the Directions, Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment,
The Reserve Bank of India has extended Directions issued to Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad for a further period of six months from November 04, 2014 to May 03, 2015, subject to review. The bank was under directions since May 2012. According to the Directions, Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment,
Nov 21, 2014
Lokseva Sahakari Bank Ltd., Pune, Maharashtra under RBI Directions - Extension of validity period
The Reserve Bank of India has notified that the directions imposed on Lokseva Sahakari Bank Ltd., Pune, Maharashtra vide RBI directive dated May 19, 2014 shall continue to apply to the bank for a further period of six months from November 20, 2014 to May 19, 2015 vide directive dated November 12, 2014 subject to review. The other terms and conditions of the directive under reference shall remain unchanged. A copy of the directive dated November 12, 2014 is displayed a
The Reserve Bank of India has notified that the directions imposed on Lokseva Sahakari Bank Ltd., Pune, Maharashtra vide RBI directive dated May 19, 2014 shall continue to apply to the bank for a further period of six months from November 20, 2014 to May 19, 2015 vide directive dated November 12, 2014 subject to review. The other terms and conditions of the directive under reference shall remain unchanged. A copy of the directive dated November 12, 2014 is displayed a
Nov 18, 2014
RBI extends Directions on Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (M.P.)
The Reserve Bank of India has issued certain Directions to Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (M.P.). The directions shall continue to apply for a further period of six months from October 09, 2014 to April 08, 2015, subject to review. According to the Reserve Bank’s directions, Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (M.P.) cannot, from the close of business on April 09, 2010 and without prior approval of Reserve Bank of India in writing
The Reserve Bank of India has issued certain Directions to Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (M.P.). The directions shall continue to apply for a further period of six months from October 09, 2014 to April 08, 2015, subject to review. According to the Reserve Bank’s directions, Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (M.P.) cannot, from the close of business on April 09, 2010 and without prior approval of Reserve Bank of India in writing
Nov 18, 2014
RBI extends Directions on The Bhopal Nagrik Sahakari Bank Ltd., Bhopal
The Reserve Bank of India has issued certain Directions to The Bhopal Nagrik Sahakari Bank Ltd., Bhopal. The directions shall continue to apply for a further period of six months from November 01, 2014 to April 30, 2015, subject to review. According to the Reserve Bank’s directions, The Bhopal Nagrik Sahakari Bank Ltd., Bhopal cannot, from the close of business on October 31, 2012 and without prior approval of the Reserve Bank of India in writing grant or renew any lo
The Reserve Bank of India has issued certain Directions to The Bhopal Nagrik Sahakari Bank Ltd., Bhopal. The directions shall continue to apply for a further period of six months from November 01, 2014 to April 30, 2015, subject to review. According to the Reserve Bank’s directions, The Bhopal Nagrik Sahakari Bank Ltd., Bhopal cannot, from the close of business on October 31, 2012 and without prior approval of the Reserve Bank of India in writing grant or renew any lo
Nov 05, 2014
The C.K.P.Co-operative Bank Ltd., Mumbai, Maharashtra under RBI Directions - Extension of validity period
The Reserve Bank of India has notified that the directions imposed on The C.K.P.Co-operative Bank Ltd., Mumbai, Maharashtra, vide RBI directive dated April 30, 2014 shall continue to apply to the bank for a further period of three months from the close of business on November 1, 2014 vide modified directive dated October 21, 2014 subject to review. The other terms and conditions of the directive under reference shall remain unchanged. A copy of the directive dated Oct
The Reserve Bank of India has notified that the directions imposed on The C.K.P.Co-operative Bank Ltd., Mumbai, Maharashtra, vide RBI directive dated April 30, 2014 shall continue to apply to the bank for a further period of three months from the close of business on November 1, 2014 vide modified directive dated October 21, 2014 subject to review. The other terms and conditions of the directive under reference shall remain unchanged. A copy of the directive dated Oct
Oct 30, 2014
Reserve Bank of India cancels the Licence of The Baripada Urban Co-operative Bank Ltd., Baripada (Odisha)
In view of the fact that The Baripada Urban Co-operative Bank Ltd., Baripada (Odisha), had ceased to be solvent, all efforts to revive it had failed, and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India (RBI) delivered the order cancelling its licence to the bank and the same is effective from October 16, 2014. The Registrar of Co-operative Societies, Odisha has also been requested to issue an order for winding up the bank a
In view of the fact that The Baripada Urban Co-operative Bank Ltd., Baripada (Odisha), had ceased to be solvent, all efforts to revive it had failed, and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India (RBI) delivered the order cancelling its licence to the bank and the same is effective from October 16, 2014. The Registrar of Co-operative Societies, Odisha has also been requested to issue an order for winding up the bank a
Oct 28, 2014
RBI extends Directions on Baranagar Co-operative Bank Ltd., Baranagar, Kolkata
The Reserve Bank of India has extended Directions issued to Baranagar Co-operative Bank Ltd., Baranagar, Kolkata, West Bengal. The directions will continue to apply to the bank for a further period of three months from October 30, 2014 to January 29, 2015, subject to review. The Reserve Bank had initially placed the bank under directions for six months on July 30, 2013 due to its very precarious financial position and the validity of which was subsequently extended on
The Reserve Bank of India has extended Directions issued to Baranagar Co-operative Bank Ltd., Baranagar, Kolkata, West Bengal. The directions will continue to apply to the bank for a further period of three months from October 30, 2014 to January 29, 2015, subject to review. The Reserve Bank had initially placed the bank under directions for six months on July 30, 2013 due to its very precarious financial position and the validity of which was subsequently extended on
Oct 28, 2014
RBI extends Directions on The Panihati Co-operative Bank Ltd., Kolkata
The Reserve Bank of India has extended directions for a further period of six months from October 24, 2014 imposed on The Panihati Co-operative Bank Ltd., Panihati, Kolkata, West Bengal. The directions will continue to apply to the bank until April 23, 2015, subject to review. The Reserve Bank had first placed the bank under directions for six months on April 24, 2014 due to its very precarious financial position. According to the Reserve Bank’s directions, The Paniha
The Reserve Bank of India has extended directions for a further period of six months from October 24, 2014 imposed on The Panihati Co-operative Bank Ltd., Panihati, Kolkata, West Bengal. The directions will continue to apply to the bank until April 23, 2015, subject to review. The Reserve Bank had first placed the bank under directions for six months on April 24, 2014 due to its very precarious financial position. According to the Reserve Bank’s directions, The Paniha
Oct 22, 2014
RBI extends Directions on Amanath Co-operative Bank Ltd., Bangalore
The Reserve Bank of India has issued certain Directions to Amanath Co-operative Bank Ltd., Bangalore. The directive shall continue to apply for a further period of three months from October 05, 2014 to January 04, 2015, subject to review. According to the Directions, Amanath Co-operative Bank cannot, from the close of business on April 05, 2013 and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur a
The Reserve Bank of India has issued certain Directions to Amanath Co-operative Bank Ltd., Bangalore. The directive shall continue to apply for a further period of three months from October 05, 2014 to January 04, 2015, subject to review. According to the Directions, Amanath Co-operative Bank cannot, from the close of business on April 05, 2013 and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur a
Oct 20, 2014
Shree Ganesh Sahakari Bank Ltd., Nashik, Maharashtra under RBI Directions - Extension of validity period
The Reserve Bank of India has notified that the directions imposed on Shree Ganesh Sahakari Bank Ltd., Nashik, vide RBI directive dated April 01, 2013 the validity of which was extended up to September 30, 2014 shall continue to apply to the bank for a further period of six months from the close of business on September 30, 2014 vide directive dated September 17, 2014 subject to review. The other terms and conditions of the directive under reference shall remain uncha
The Reserve Bank of India has notified that the directions imposed on Shree Ganesh Sahakari Bank Ltd., Nashik, vide RBI directive dated April 01, 2013 the validity of which was extended up to September 30, 2014 shall continue to apply to the bank for a further period of six months from the close of business on September 30, 2014 vide directive dated September 17, 2014 subject to review. The other terms and conditions of the directive under reference shall remain uncha
Oct 09, 2014
RBI cancels the Licence of The Ajmer Urban Co-operative Bank Ltd., Ajmer (Rajasthan)
The Reserve Bank of India has, from the close of business as on September 19, 2014, cancelled the licence of the Ajmer Urban Co-operative Bank Ltd., Ajmer (Rajasthan) as it had ceased to be solvent, all efforts to revive it had failed and the depositors were being inconvenienced by continued uncertainty. The Registrar of Co-operative Societies, Rajasthan has also been requested to issue an order for winding up the bank and appoint a liquidator. On liquidation, every d
The Reserve Bank of India has, from the close of business as on September 19, 2014, cancelled the licence of the Ajmer Urban Co-operative Bank Ltd., Ajmer (Rajasthan) as it had ceased to be solvent, all efforts to revive it had failed and the depositors were being inconvenienced by continued uncertainty. The Registrar of Co-operative Societies, Rajasthan has also been requested to issue an order for winding up the bank and appoint a liquidator. On liquidation, every d
Sep 25, 2014
Reserve Bank of India cancels the Licence of The Mirzapur Urban Co-operative Bank Ltd., Mirzapur (Uttar Pradesh)
In view of the fact that The Mirzapur Urban Co-operative Bank Ltd., Mirzapur (Uttar Pradesh), had ceased to be solvent, all efforts to revive it, had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India [RBI] delivered the order cancelling its licence to the bank and the same is effective from the close of business as on September 11, 2014. The Registrar of Co-operative Societies, Uttar Pradesh has also been requested
In view of the fact that The Mirzapur Urban Co-operative Bank Ltd., Mirzapur (Uttar Pradesh), had ceased to be solvent, all efforts to revive it, had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India [RBI] delivered the order cancelling its licence to the bank and the same is effective from the close of business as on September 11, 2014. The Registrar of Co-operative Societies, Uttar Pradesh has also been requested
Sep 23, 2014
RBI cancels Certificate of Registration of M/s Prashant Industries Pvt Limited and P.D.Industries Pvt Limited
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Prashant Industries Pvt
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Prashant Industries Pvt
Sep 23, 2014
Shree Chhatrapati Urban Co.op Bank Ltd., Pimple Nilakh,District - Pune (Maharashtra) under RBI Directions
Effective close of business on September 12, 2014, the Reserve Bank of India has issued certain Directions to Shree Chhatrapati Urban Co.op Bank Ltd., Pimple Nilakh, District - Pune (Maharashtra). Under the directions, depositors will be allowed to withdraw only ` 1,000/- (Rupees one thousand only) of the total balance in every savings bank or current account or any other deposit account. The bank has also been restrained from granting or renewing any loans and advanc
Effective close of business on September 12, 2014, the Reserve Bank of India has issued certain Directions to Shree Chhatrapati Urban Co.op Bank Ltd., Pimple Nilakh, District - Pune (Maharashtra). Under the directions, depositors will be allowed to withdraw only ` 1,000/- (Rupees one thousand only) of the total balance in every savings bank or current account or any other deposit account. The bank has also been restrained from granting or renewing any loans and advanc
Sep 11, 2014
RBI cancels Licence of The Mirzapur Urban Co-operative Bank Ltd., Mirzapur, Uttar Pradesh
The Reserve Bank of India has, on September 1, 2014, cancelled the licence of The Mirzapur Urban Co-operative Bank Ltd., Mirzapur, Uttar Pradesh to carry on banking business under Section 22 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of Banking Regulation Act, 1949. As such, the bank is forthwith precluded from transacting the business of 'banking' as defined in Section 5(b) of the Banking Regulation Act, 1949 (A
The Reserve Bank of India has, on September 1, 2014, cancelled the licence of The Mirzapur Urban Co-operative Bank Ltd., Mirzapur, Uttar Pradesh to carry on banking business under Section 22 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of Banking Regulation Act, 1949. As such, the bank is forthwith precluded from transacting the business of 'banking' as defined in Section 5(b) of the Banking Regulation Act, 1949 (A
Sep 10, 2014
Reserve Bank Cancels the Licence of The Merchants’ Co-operative Bank Ltd., Dhule (Maharashtra)
In view of the fact that The Merchants’ Co-operative Bank Ltd., Dhule (Maharashtra), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India [RBI] delivered the order cancelling its licence to the bank and the same is effective from the close of business as on August 30, 2014. The Registrar of Co-operative Soci
In view of the fact that The Merchants’ Co-operative Bank Ltd., Dhule (Maharashtra), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India [RBI] delivered the order cancelling its licence to the bank and the same is effective from the close of business as on August 30, 2014. The Registrar of Co-operative Soci
Sep 03, 2014
RBI issues Directions on The Choundeshwari Sahakari Bank Ltd., Ichalkaranji, Kolhapur, Maharashtra
The Reserve Bank of India has issued certain Directions to The Choundeshwari Sahakari Bank Ltd., Ichalkaranji, Kolhapur, Maharashtra in exercise of 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. As per the directions a copy of which is displayed on the bank's premises for perusal by interested members of the public, the bank
The Reserve Bank of India has issued certain Directions to The Choundeshwari Sahakari Bank Ltd., Ichalkaranji, Kolhapur, Maharashtra in exercise of 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. As per the directions a copy of which is displayed on the bank's premises for perusal by interested members of the public, the bank
Sep 03, 2014
RBI cancels Licence of The Merchant’s Co-operative Bank Ltd., Dist. Dhule, Maharashtra
The Reserve Bank of India has, on August 27, 2014, cancelled the licence of The Merchant’s Co-operative Bank Ltd., Dist. Dhule, Maharashtra to carry on banking business under Section 22 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of Banking Regulation Act, 1949. As such, the bank is forthwith precluded from transacting the business of 'banking' as defined in Section 5(b) of the Banking Regulation Act, 1949 (As app
The Reserve Bank of India has, on August 27, 2014, cancelled the licence of The Merchant’s Co-operative Bank Ltd., Dist. Dhule, Maharashtra to carry on banking business under Section 22 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of Banking Regulation Act, 1949. As such, the bank is forthwith precluded from transacting the business of 'banking' as defined in Section 5(b) of the Banking Regulation Act, 1949 (As app
Aug 28, 2014
RBI cancels Certificate of Registration of M/s Bambino Finance Private Ltd., Hyderabad
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Bambino Finance Private Ltd. 3-6, Road No.15, Saroornagar, Hyderabad-500035 B-09.00281 September 20, 2005 July 23, 2
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Bambino Finance Private Ltd. 3-6, Road No.15, Saroornagar, Hyderabad-500035 B-09.00281 September 20, 2005 July 23, 2
Aug 22, 2014
Shatabdi Mahila Sahakari Bank Ltd., District -Thane (Maharashtra) under RBI Directions
Effective close of business on August 20, 2014, the Reserve Bank of India has issued certain Directions to Shatabdi Mahila Sahakari Bank Ltd., District -Thane (Maharashtra). Under the directions, depositors will be allowed to withdraw only ` 1,000/- (Rupees one thousand only) of the total balance in every savings bank or current account or any other deposit account. The bank has also been restrained from granting or renewing any loans and advances, making any investme
Effective close of business on August 20, 2014, the Reserve Bank of India has issued certain Directions to Shatabdi Mahila Sahakari Bank Ltd., District -Thane (Maharashtra). Under the directions, depositors will be allowed to withdraw only ` 1,000/- (Rupees one thousand only) of the total balance in every savings bank or current account or any other deposit account. The bank has also been restrained from granting or renewing any loans and advances, making any investme
Aug 21, 2014
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Rupee Co-operative Bank Ltd. Dist.-Pune, Maharashtra
It is hereby notified for the information of public that in continuation to our directive UBD.CO.BSD I/D-28/12.22.218/2012-13 dated February 21, 2013 read with directive UBD.CO.BSD-I/D-04/12.22.218/2013-14 dated August 14, 2013 and UBD.CO.BSD-I/D-23/12.22.218/2013-14 dated February 03, 2014 the validity period of directions imposed on Rupee Co-operative Bank Ltd., Pune, Maharashtra has been extended for a further period of three months from August 22, 2014 to November
It is hereby notified for the information of public that in continuation to our directive UBD.CO.BSD I/D-28/12.22.218/2012-13 dated February 21, 2013 read with directive UBD.CO.BSD-I/D-04/12.22.218/2013-14 dated August 14, 2013 and UBD.CO.BSD-I/D-23/12.22.218/2013-14 dated February 03, 2014 the validity period of directions imposed on Rupee Co-operative Bank Ltd., Pune, Maharashtra has been extended for a further period of three months from August 22, 2014 to November
Aug 12, 2014
Dilip Urban Co-operative Bank Ltd., Barshi, Solapur (Maharashtra) under RBI Directions
Effective close of business on August 8, 2014, the Reserve Bank of India has issued certain Directions to Dilip Urban Co-operative Bank Ltd., Barshi, Solapur, Maharashtra. Under the directions, depositors will be allowed to withdraw only `1,000/- (Rupees one thousand only) of the total balance in, every savings bank or current account or any other deposit account. The bank has also been restrained from granting or renewing any loans and advances, making any investment
Effective close of business on August 8, 2014, the Reserve Bank of India has issued certain Directions to Dilip Urban Co-operative Bank Ltd., Barshi, Solapur, Maharashtra. Under the directions, depositors will be allowed to withdraw only `1,000/- (Rupees one thousand only) of the total balance in, every savings bank or current account or any other deposit account. The bank has also been restrained from granting or renewing any loans and advances, making any investment
Aug 06, 2014
RBI extends the Validity Period of Directions on Mirzapur Urban Co-operative Bank Ltd., Mirzapur
The Reserve Bank of India has notified that the validity period of directions imposed on Mirzapur Urban Co-operative Bank Ltd., Mirzapur, Uttar Pradesh as on February 11, 2014 has been extended further as per modified directive dated July 31, 2014 for a period of one month i.e. from August 12, 2014 to September 11, 2014, subject to review. The other terms and conditions remain unchanged. A copy of the modified directive notifying the above modification is displayed at
The Reserve Bank of India has notified that the validity period of directions imposed on Mirzapur Urban Co-operative Bank Ltd., Mirzapur, Uttar Pradesh as on February 11, 2014 has been extended further as per modified directive dated July 31, 2014 for a period of one month i.e. from August 12, 2014 to September 11, 2014, subject to review. The other terms and conditions remain unchanged. A copy of the modified directive notifying the above modification is displayed at
Aug 01, 2014
RBI cancels the Licence of The Vasavi Co-operative Urban Bank Ltd., Hyderabad (Telangana)
The Reserve Bank of India (RBI) has, on July 14, 2014 cancelled the licence of The Vasavi Co-operative Urban Bank Ltd., Hyderabad (Telangana). The order has been made effective from the close of business as on July 14, 2014. The order was issued in view of the fact that the bank had ceased to be solvent, all efforts to revive had failed and the depositors were being inconvenienced by continued uncertainty. The Registrar of Co-operative Societies, Telangana State has a
The Reserve Bank of India (RBI) has, on July 14, 2014 cancelled the licence of The Vasavi Co-operative Urban Bank Ltd., Hyderabad (Telangana). The order has been made effective from the close of business as on July 14, 2014. The order was issued in view of the fact that the bank had ceased to be solvent, all efforts to revive had failed and the depositors were being inconvenienced by continued uncertainty. The Registrar of Co-operative Societies, Telangana State has a
Aug 01, 2014
RBI modifies Directive imposed on Indian Mercantile Co-operative Bank Ltd., Lucknow
The Reserve Bank of India has notified that in partial modification of its directive it has, on July 30, 2014, relaxed the directions imposed on Indian Mercantile Co-operative Bank Ltd. Now, depositors will be allowed to withdraw up to ` 1,00,000/- (Rupees One Lakh only) per depositor (including ` 1000/- wherever already allowed) subject to the conditions specified in the modified directive. All other provisions of the earlier directive dated June 4, 2014 shall remain
The Reserve Bank of India has notified that in partial modification of its directive it has, on July 30, 2014, relaxed the directions imposed on Indian Mercantile Co-operative Bank Ltd. Now, depositors will be allowed to withdraw up to ` 1,00,000/- (Rupees One Lakh only) per depositor (including ` 1000/- wherever already allowed) subject to the conditions specified in the modified directive. All other provisions of the earlier directive dated June 4, 2014 shall remain
Jul 28, 2014
RBI cancels Certificate of Registration of M/s Insilco Merchants Private Limited
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) under the powers conferred on it under clause (a) of Section 45-I of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Insilco Merchants Private Limited 11, India Exchange Place, 1st Floor, Kolkata-700001 B-05.05827 August 25, 2003 Jul
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) under the powers conferred on it under clause (a) of Section 45-I of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Insilco Merchants Private Limited 11, India Exchange Place, 1st Floor, Kolkata-700001 B-05.05827 August 25, 2003 Jul
Jul 21, 2014
Non Scheduled State Coops can meet SLR by March 31, 2017
On a review, it has been decided to calibrate the transition to the revised dispensation relating to the form and manner of maintenance of Statutory Liquidity Ratio (SLR) assets for Non-scheduled State cooperative banks (StCBs) and all Central cooperative banks (CCBs) (StCBs/CCBs). These banks have now been granted time up to March 31, 2017 for complying with the revised norms in a phased manner as below: Date Investment in approved securities as percentage of NDTL Ma
On a review, it has been decided to calibrate the transition to the revised dispensation relating to the form and manner of maintenance of Statutory Liquidity Ratio (SLR) assets for Non-scheduled State cooperative banks (StCBs) and all Central cooperative banks (CCBs) (StCBs/CCBs). These banks have now been granted time up to March 31, 2017 for complying with the revised norms in a phased manner as below: Date Investment in approved securities as percentage of NDTL Ma
Jul 11, 2014
RBI cancels Certificate of Registration of M/s Avyaya Finance Ltd
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Avyaya Finance Ltd. Flat
The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. M/s Avyaya Finance Ltd. Flat
Jun 19, 2014
Reserve Bank Cancels the Licence of Shri Shivaji Sahakari Bank Ltd., Gadhinglaj, Kolhapur, (Maharashtra)
In view of the fact that Shri Shivaji Sahakari Bank Ltd, Gadhinglaj, Kolhapur (Maharashtra), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India [RBI] delivered the order cancelling its licence to the bank and the same is effective from the close of business as on June 14, 2014. The Registrar of Co-operativ
In view of the fact that Shri Shivaji Sahakari Bank Ltd, Gadhinglaj, Kolhapur (Maharashtra), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India [RBI] delivered the order cancelling its licence to the bank and the same is effective from the close of business as on June 14, 2014. The Registrar of Co-operativ
Jun 17, 2014
RBI cancels Licence of Shri Shivaji Sahakari Bank Ltd, Gadhinglaj, Kolhapur, Maharastra
The Reserve Bank of India has cancelled the licence of Shri Shivaji Sahakari Bank Ltd, Gadhinglaj, Kolhapur, Maharastra to carry on banking business under Section 22 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of Banking Regulation Act, 1949. The licence has been cancelled vide the Reserve Bank’s order UBD.CO.BSD I/LC No. 09/12.22.249/2013-14, dated June 12, 2014. As such, the bank is precluded forthwith from tran
The Reserve Bank of India has cancelled the licence of Shri Shivaji Sahakari Bank Ltd, Gadhinglaj, Kolhapur, Maharastra to carry on banking business under Section 22 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of Banking Regulation Act, 1949. The licence has been cancelled vide the Reserve Bank’s order UBD.CO.BSD I/LC No. 09/12.22.249/2013-14, dated June 12, 2014. As such, the bank is precluded forthwith from tran
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