Press Releases - Regulating Co-operative Banking - RBI - Reserve Bank of India
Press Releases
Feb 28, 2020
Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - Rupee Co-operative Bank Ltd, Pune, Maharashtra
Rupee Co-operative Bank Ltd, Pune, Maharashtra, was placed under directions vide directive UBD.CO.BSD-I/D-28/12.22.218/2012-13 dated February 21, 2013 from close of business on February 22, 2013. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive DOR.AID/D-40/12.22.218/2019-20 dated November 20, 2019 and was valid up to February 29, 2020, subject to review. 2. It is hereby notified for the information of
Rupee Co-operative Bank Ltd, Pune, Maharashtra, was placed under directions vide directive UBD.CO.BSD-I/D-28/12.22.218/2012-13 dated February 21, 2013 from close of business on February 22, 2013. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive DOR.AID/D-40/12.22.218/2019-20 dated November 20, 2019 and was valid up to February 29, 2020, subject to review. 2. It is hereby notified for the information of
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Feb 28, 2020
Directions under Section 35 A read with Section 56 of the B.R. Act, 1949 (AACS) - Bidar Mahila Urban Co-operative Bank Ltd., Bidar - Karnataka Extension of Period of Directions
The Reserve Bank of India issued All Inclusive Directions to The Bidar Mahila Urban Co-operative Bank Ltd., Bidar – Karnataka under Section 35 A read with Section 56 of the Banking Regulation Act,1949 vide Directive DCBS.CO.BSD-III.No.D-8/12.23.212/2018-19 dated February 21, 2019, for a period of six months with effect from close of business as on February 28, 2019 upto August 31, 2019 which were extended for a further period of six months upto February 29, 2020 vide
The Reserve Bank of India issued All Inclusive Directions to The Bidar Mahila Urban Co-operative Bank Ltd., Bidar – Karnataka under Section 35 A read with Section 56 of the Banking Regulation Act,1949 vide Directive DCBS.CO.BSD-III.No.D-8/12.23.212/2018-19 dated February 21, 2019, for a period of six months with effect from close of business as on February 28, 2019 upto August 31, 2019 which were extended for a further period of six months upto February 29, 2020 vide
Feb 18, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - Mapusa Urban Co-operative Bank of Goa Ltd., Goa - Extension of Period of Directions
The Reserve Bank of India issued Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 to The Mapusa Urban Co-Operative Bank of Goa Ltd., Goa vide Directive DCBS.CO.BSD-I No.D-6/12.22.156/2015-16 dated July 24, 2015, as modified from time to time, last being vide Directive DOR.AID/D-39/12.22.156/2019-20 dated November 15, 2019 which extended the Directions upto February 18, 2020. The Reserve Bank of India is satisfied that in the publi
The Reserve Bank of India issued Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 to The Mapusa Urban Co-Operative Bank of Goa Ltd., Goa vide Directive DCBS.CO.BSD-I No.D-6/12.22.156/2015-16 dated July 24, 2015, as modified from time to time, last being vide Directive DOR.AID/D-39/12.22.156/2019-20 dated November 15, 2019 which extended the Directions upto February 18, 2020. The Reserve Bank of India is satisfied that in the publi
Feb 10, 2020
RBI extends Directions to The Vaish Co-operative Commercial Bank Ltd., New Delhi
The Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), hereby directs that the Directive dated August 28, 2015 issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi, as modified from time to time, the validity of which was last extended upto February 08, 2020 shall continue to apply to the bank for a further period
The Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), hereby directs that the Directive dated August 28, 2015 issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi, as modified from time to time, the validity of which was last extended upto February 08, 2020 shall continue to apply to the bank for a further period
Feb 05, 2020
Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - Vasantdada Nagari Sahakari Bank Ltd., Osmanabad, Maharashtra - Extension of Period
Reserve Bank of India, in the public interest, had issued directions to Vasantdada Nagari Sahakari Bank Ltd., Osmanabad, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 (AACS) from the close of business on November 13, 2017. Reserve Bank of India has now further extended the directions for a period of two months from February 01, 2020 to March 31, 2020, subject to review. The Directions stipulate
Reserve Bank of India, in the public interest, had issued directions to Vasantdada Nagari Sahakari Bank Ltd., Osmanabad, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 (AACS) from the close of business on November 13, 2017. Reserve Bank of India has now further extended the directions for a period of two months from February 01, 2020 to March 31, 2020, subject to review. The Directions stipulate
Feb 04, 2020
Bhilai Nagrik Sahakari Bank Maryadit, Bhilai - Penalized
The Reserve Bank of India has imposed a monetary penalty of ₹ 1,50,000/- (Rupees One lakh fifty thousand only) on Bhilai Nagrik Sahakari Bank Maryadit, Bhilai, in exercise of the powers vested in it under the provisions of Section 47 A (1) (b) read with Section 46 (2) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violation of guidelines on “Know Your Customer” Norms issued by the Reserve Bank. The Reserve Bank of India had issued a
The Reserve Bank of India has imposed a monetary penalty of ₹ 1,50,000/- (Rupees One lakh fifty thousand only) on Bhilai Nagrik Sahakari Bank Maryadit, Bhilai, in exercise of the powers vested in it under the provisions of Section 47 A (1) (b) read with Section 46 (2) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violation of guidelines on “Know Your Customer” Norms issued by the Reserve Bank. The Reserve Bank of India had issued a
Jan 31, 2020
Directions issued to the Shivam Sahakari Bank Ltd., Ichalkaranji, Dist. - Kolhapur, Maharashtra - Extension of Period
The Reserve Bank of India (vide directive DCBS.CO.BSD-I/D-6/12.22.351/2017-18 dated May 18, 2018) had placed the Shivam Sahakari Bank Ltd., Ichalkaranji, Dist : Kolhapur, Maharashtra, under Directions from the close of business on May 19, 2018. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under Sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of th
The Reserve Bank of India (vide directive DCBS.CO.BSD-I/D-6/12.22.351/2017-18 dated May 18, 2018) had placed the Shivam Sahakari Bank Ltd., Ichalkaranji, Dist : Kolhapur, Maharashtra, under Directions from the close of business on May 19, 2018. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under Sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of th
Jan 31, 2020
Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - The CKP Co-operative Bank Ltd, Mumbai, Maharashtra
The CKP Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions vide directive UBD.CO.BSD.I.No.D-34/12.22.035/2013-14 dated April 30, 2014, from close of business on May 2, 2014. The validity of the directions was extended from time to time vide subsequent Directives, the last being vide Directive DCBR.CO.AID/No.D-33/12.22.035/2019-20 dated October 25, 2019 and is valid up to January 31, 2020 subject to review. 2. It is hereby notified for the informat
The CKP Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions vide directive UBD.CO.BSD.I.No.D-34/12.22.035/2013-14 dated April 30, 2014, from close of business on May 2, 2014. The validity of the directions was extended from time to time vide subsequent Directives, the last being vide Directive DCBR.CO.AID/No.D-33/12.22.035/2019-20 dated October 25, 2019 and is valid up to January 31, 2020 subject to review. 2. It is hereby notified for the informat
Jan 31, 2020
Reserve Bank of India imposes monetary penalty on Fortune Integrated Assets Finance Limited
The Reserve Bank of India (RBI) has imposed, by an order dated January 31, 2020, a monetary penalty of ₹2 lakh on Fortune Integrated Assets Finance Ltd., Mumbai, for non-compliance with directions issued by RBI on ‘Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016’. The penalty has been imposed in exercise of powers vested in RBI under the provisions of clause (b) of sub-section (1) of section 58 G read with clause (aa) of sub-section (5) of section 58B of
The Reserve Bank of India (RBI) has imposed, by an order dated January 31, 2020, a monetary penalty of ₹2 lakh on Fortune Integrated Assets Finance Ltd., Mumbai, for non-compliance with directions issued by RBI on ‘Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016’. The penalty has been imposed in exercise of powers vested in RBI under the provisions of clause (b) of sub-section (1) of section 58 G read with clause (aa) of sub-section (5) of section 58B of
Jan 30, 2020
Reserve Bank of India imposes monetary penalty on Dombivli Nagari Sahakari Bank Limited
The Reserve Bank of India (RBI) has imposed, by order dated January 29, 2020, monetary penalty of ₹ 50 lakh on Dombivli Nagari Sahakari Bank Limited (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act, 1949, taking into
The Reserve Bank of India (RBI) has imposed, by order dated January 29, 2020, monetary penalty of ₹ 50 lakh on Dombivli Nagari Sahakari Bank Limited (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act, 1949, taking into
Jan 30, 2020
Directions issued to the The Kapol Co-operative Bank Ltd., Mumbai, Maharashtra - Extension of Period
The Reserve Bank of India (vide directive DCBS.CO.BSD-I./D-9/12.22.111/2016-17 dated March 30, 2017) had placed the Kapol Co-operative Bank Ltd., Mumbai, Maharashtra, under Directions from the close of business on March 30, 2017. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under Sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the said Act, her
The Reserve Bank of India (vide directive DCBS.CO.BSD-I./D-9/12.22.111/2016-17 dated March 30, 2017) had placed the Kapol Co-operative Bank Ltd., Mumbai, Maharashtra, under Directions from the close of business on March 30, 2017. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under Sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the said Act, her
Jan 24, 2020
Reserve Bank of India imposes monetary penalty on Jaiprakash Narayan Nagari Sahakari Bank Ltd., Basmatnagar, Dist. Hingoli
The Reserve Bank of India (RBI) has, by order dated January 22, 2020, imposed monetary penalty of ₹ 1.00 lakh on The Jaiprakash Narayan Nagari Sahakari Bank Ltd., Basmatnagar, Dist Hingoli (the bank) for non-compliance with directions issued by RBI on director related loans. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and section 56 of the Banking Regulation Act, 1949 (As Ap
The Reserve Bank of India (RBI) has, by order dated January 22, 2020, imposed monetary penalty of ₹ 1.00 lakh on The Jaiprakash Narayan Nagari Sahakari Bank Ltd., Basmatnagar, Dist Hingoli (the bank) for non-compliance with directions issued by RBI on director related loans. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and section 56 of the Banking Regulation Act, 1949 (As Ap
Jan 23, 2020
Reserve Bank of India imposes monetary penalty on Rajkot Nagarik Sahakari Bank Ltd.
The Reserve Bank of India (RBI) has imposed, by an order dated January 22, 2020, a monetary penalty of ₹ 37 lakh on the Rajkot Nagarik Sahakari Bank Ltd. (the bank) for non-compliance with directions issued by RBI on ‘Frauds – Classification and Reporting’ and ‘Management of Advances’. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act,
The Reserve Bank of India (RBI) has imposed, by an order dated January 22, 2020, a monetary penalty of ₹ 37 lakh on the Rajkot Nagarik Sahakari Bank Ltd. (the bank) for non-compliance with directions issued by RBI on ‘Frauds – Classification and Reporting’ and ‘Management of Advances’. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act,
Jan 23, 2020
Reserve Bank of India imposes monetary penalty on Apna Sahakari Bank Ltd., Mumbai
The Reserve Bank of India (RBI) has, by order dated January 22, 2020, imposed monetary penalty of ₹ 14 lakh on Apna Sahakari Bank Ltd., Mumbai, (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act, 1949, for failure of t
The Reserve Bank of India (RBI) has, by order dated January 22, 2020, imposed monetary penalty of ₹ 14 lakh on Apna Sahakari Bank Ltd., Mumbai, (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act, 1949, for failure of t
Jan 21, 2020
Reserve Bank Cancels the Licence of Tumkur Pattana Sahakara Bank Niyamitha, Tumkur and allows the conversion into ‘Tumkur Pattana Credit Co-operative Society Ltd.’Tumkur, Karnataka
Reserve Bank of India (RBI) vide order dated January 02, 2020 is satisfied to allow conversion of Tumkur Pattana Sahakara Bank Niyamitha, Tumkur, Karnataka into ‘Tumkur Pattana Credit Co-operative Society Ltd.’ Accordingly, RBI has cancelled the licence dated February 01, 2000 granted to Tumkur Pattana Sahakara Bank Niyamitha, Tumkur, Karnataka to carry on banking business in India under Section 22 of the Banking Regulation Act,1949 (AACS) with effect from the close o
Reserve Bank of India (RBI) vide order dated January 02, 2020 is satisfied to allow conversion of Tumkur Pattana Sahakara Bank Niyamitha, Tumkur, Karnataka into ‘Tumkur Pattana Credit Co-operative Society Ltd.’ Accordingly, RBI has cancelled the licence dated February 01, 2000 granted to Tumkur Pattana Sahakara Bank Niyamitha, Tumkur, Karnataka to carry on banking business in India under Section 22 of the Banking Regulation Act,1949 (AACS) with effect from the close o
Jan 14, 2020
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - Kolikata Mahila Co-operative Bank Limited, Kolkata, West Bengal - Extension of Period of Directions
The Reserve Bank of India, in public interest, had issued Directions to Kolikata Mahila Co-operative Bank Limited, Kolkata, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on July 09, 2019 which was valid till January 09, 2020. The Reserve Bank of India has now, in public interest, further extended the Directions for a period of six month
The Reserve Bank of India, in public interest, had issued Directions to Kolikata Mahila Co-operative Bank Limited, Kolkata, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on July 09, 2019 which was valid till January 09, 2020. The Reserve Bank of India has now, in public interest, further extended the Directions for a period of six month
Jan 10, 2020
Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) -Sri Gururaghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949 (AACS), the Reserve Bank of India has issued certain Directions to Sri Gururaghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka whereby, as from the close of business on January 10, 2020, the aforesaid bank shall not, without prior approval of
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949 (AACS), the Reserve Bank of India has issued certain Directions to Sri Gururaghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka whereby, as from the close of business on January 10, 2020, the aforesaid bank shall not, without prior approval of
Jan 07, 2020
Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad, Telangana - Extension of Period of validity
The Reserve Bank of India, in the public interest, had issued directions to Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad, Telangana in exercise of powers vested in it under Section 35 A read with section 56 of the Banking Regulation Act, 1949. These directions were in force from close of business on January 02, 2019 and were valid up to July 02, 2019, subject to review. The validity of the directive dated December 27, 2018 was extended for a period of six mont
The Reserve Bank of India, in the public interest, had issued directions to Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad, Telangana in exercise of powers vested in it under Section 35 A read with section 56 of the Banking Regulation Act, 1949. These directions were in force from close of business on January 02, 2019 and were valid up to July 02, 2019, subject to review. The validity of the directive dated December 27, 2018 was extended for a period of six mont
Jan 06, 2020
RBI grants “In-principle” Approval to Shivalik Mercantile Co-operative Bank Limited for transition into a Small Finance Bank
The Reserve Bank of India (RBI) has today granted “in-principle” approval to Shivalik Mercantile Co-operative Bank Limited (the applicant) for transition into a Small Finance Bank (SFB) under the “Scheme on voluntary transition of Urban Co-operative Bank into a Small Finance Bank” (the Scheme) issued on September 27, 2018. The “in-principle” approval granted will be valid for 18 months to enable the applicant to comply with the requirements under the Scheme, the Guide
The Reserve Bank of India (RBI) has today granted “in-principle” approval to Shivalik Mercantile Co-operative Bank Limited (the applicant) for transition into a Small Finance Bank (SFB) under the “Scheme on voluntary transition of Urban Co-operative Bank into a Small Finance Bank” (the Scheme) issued on September 27, 2018. The “in-principle” approval granted will be valid for 18 months to enable the applicant to comply with the requirements under the Scheme, the Guide
Jan 03, 2020
Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - Youth Development Co-op. Bank Ltd., Kolhapur, Maharashtra
Youth Development Co-op. Bank Ltd., Kolhapur, Maharashtra, was placed under directions from close of business on January 05, 2019, vide Directive DCBS.CO. BSD-I/D-6/12.22.311/2018-19 dated January 04, 2019. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive DCBR.CO.AID.No.D-01/12.22.311/2019-20 dated July 02, 2019 and is valid upto January 05, 2020 subject to review. 2. It is hereby notified for the infor
Youth Development Co-op. Bank Ltd., Kolhapur, Maharashtra, was placed under directions from close of business on January 05, 2019, vide Directive DCBS.CO. BSD-I/D-6/12.22.311/2018-19 dated January 04, 2019. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive DCBR.CO.AID.No.D-01/12.22.311/2019-20 dated July 02, 2019 and is valid upto January 05, 2020 subject to review. 2. It is hereby notified for the infor
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Page Last Updated on: November 21, 2024
