Press Releases - Regulating Co-operative Banking - RBI - Reserve Bank of India
Press Releases
Mar 12, 2010
Reserve Bank Cancels the Licence of Annasaheb Patil Urban Co-operative Bank Ltd, Aurangabad (Maharashtra)
In view of the fact that Annasaheb Patil Urban Co-operative Bank Ltd, Aurangabad, (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence to the bank before commencement of the business as on March 9, 2010 at 9.30 a.m a day after the close of
In view of the fact that Annasaheb Patil Urban Co-operative Bank Ltd, Aurangabad, (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence to the bank before commencement of the business as on March 9, 2010 at 9.30 a.m a day after the close of
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Feb 25, 2010
The Bank of Rajasthan Ltd. - Penalised
The Reserve Bank of India has imposed a monetary penalty of Rs.25.00 lakh (Rupees Twenty Five Lakh only) on The Bank of Rajasthan Ltd. in exercise of powers vested in it under the provisions of Section 47A(1)(b) of the Banking Regulation Act, 1949. The penalty is levied for (i) violation of the Reserve Bank of India's directions issued under Section 35A of the Banking Regulation Act, 1949 in the area of acquisition of immovable properties, (ii) deletion of records in
The Reserve Bank of India has imposed a monetary penalty of Rs.25.00 lakh (Rupees Twenty Five Lakh only) on The Bank of Rajasthan Ltd. in exercise of powers vested in it under the provisions of Section 47A(1)(b) of the Banking Regulation Act, 1949. The penalty is levied for (i) violation of the Reserve Bank of India's directions issued under Section 35A of the Banking Regulation Act, 1949 in the area of acquisition of immovable properties, (ii) deletion of records in
Feb 23, 2010
Reserve Bank Cancels the Licence of Ichalkaranji Urban Co-operative Bank Ltd., Ichalkaranji, Kolhapur, Maharashtra
In view of the fact that Ichalkaranji Urban Co-operative Bank Ltd., Ichalkaranji, 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 delivered the order cancelling its licence to the bank after the close of business on February 11, 2010. The Registrar of Co-operative Societies, Mahara
In view of the fact that Ichalkaranji Urban Co-operative Bank Ltd., Ichalkaranji, 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 delivered the order cancelling its licence to the bank after the close of business on February 11, 2010. The Registrar of Co-operative Societies, Mahara
Feb 16, 2010
Reserve Bank Cancels the Licence of the Chadchan Shree Sangameshwar Urban Co-operative Bank Ltd., Chadchan, Karnataka
In view of the fact that the Chadchan Shree Sangameshwar Urban Co-operative Bank Ltd., Chadchan (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on February 13, 2010. The Registrar of Co-operative Soci
In view of the fact that the Chadchan Shree Sangameshwar Urban Co-operative Bank Ltd., Chadchan (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on February 13, 2010. The Registrar of Co-operative Soci
Feb 10, 2010
RBI Releases Draft Circular on Base Rate for Banks
The Reserve Bank of India today released on its website, Draft Circular on the Base Rate system for comments and feedback. Comments/feedback on the proposals contained in the draft circular may please be sent by February 17, 2010 by email or by fax to 022-22610430 or to the Adviser-in-Charge, Monetary Policy Department, Reserve Bank of India, Central Office Building, 24th Floor, S.B. Singh Marg, Mumbai-400001. It may be recalled that the Reserve Bank had constituted a
The Reserve Bank of India today released on its website, Draft Circular on the Base Rate system for comments and feedback. Comments/feedback on the proposals contained in the draft circular may please be sent by February 17, 2010 by email or by fax to 022-22610430 or to the Adviser-in-Charge, Monetary Policy Department, Reserve Bank of India, Central Office Building, 24th Floor, S.B. Singh Marg, Mumbai-400001. It may be recalled that the Reserve Bank had constituted a
Feb 10, 2010
Reserve Bank Rejects application for Licence of Rajwade Mandal Peoples' Co- operative Bank Ltd., Dhule, District Dhule, Maharashtra
In view of the fact that The Rajwade Mandal People's Co-operative Bank Ltd., Dhule, District 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 delivered the order of rejecting application for licence to the bank after the close of business on 27 January, 2010. The Registrar of Co-operat
In view of the fact that The Rajwade Mandal People's Co-operative Bank Ltd., Dhule, District 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 delivered the order of rejecting application for licence to the bank after the close of business on 27 January, 2010. The Registrar of Co-operat
Feb 04, 2010
Reserve Bank Cancels the Licence of the Raichur Zilla Mahila Pattana Sahakara Bank Niyamitha, Raichur, Karnataka
In view of the fact that the Raichur Zilla Mahila Pattana Sahakara Bank Niyamitha, Raichur (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on January 29, 2010. The Registrar of Co-operative Societies,
In view of the fact that the Raichur Zilla Mahila Pattana Sahakara Bank Niyamitha, Raichur (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on January 29, 2010. The Registrar of Co-operative Societies,
Jan 11, 2010
Reserve Bank Cancels the Licence of The Ahmedabad Peoples’ Co-operative Bank Ltd., Ahmedabad (Gujarat)
In view of the fact that The Ahmedabad Peoples’ Co-operative Bank Ltd., Ahmedabad (Gujarat), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank after the close of business on January 08, 2010. The Registrar of Co-operative Societies, Gujarat has also been
In view of the fact that The Ahmedabad Peoples’ Co-operative Bank Ltd., Ahmedabad (Gujarat), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank after the close of business on January 08, 2010. The Registrar of Co-operative Societies, Gujarat has also been
Jan 11, 2010
Reserve Bank Cancels the Licence of Shri Laxmi Sahakari Bank Ltd., Sangamnagar (Khed),Satara.
In view of the fact that Shri Laxmi Sahakari Bank Ltd., Sangamnagar (Khed), Satara, (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 delivered the order cancelling its licence to the bank after the close of business on January 5, 2010. The Registrar of Co-operative Societies, Maharashtra St
In view of the fact that Shri Laxmi Sahakari Bank Ltd., Sangamnagar (Khed), Satara, (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 delivered the order cancelling its licence to the bank after the close of business on January 5, 2010. The Registrar of Co-operative Societies, Maharashtra St
Jan 08, 2010
Reserve Bank Cancels the Licence of Shree Sinnar Vyapari Sahakari Bank Ltd., Sinnar (Maharashtra)
In view of the fact that Shree Sinnar Vyapari Sahakari Bank Ltd., Sinnar (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 delivered the order cancelling its licence to the bank after the close of business on December 31, 2009. The Registrar of Co-operative Societies, Maharashtra State has
In view of the fact that Shree Sinnar Vyapari Sahakari Bank Ltd., Sinnar (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 delivered the order cancelling its licence to the bank after the close of business on December 31, 2009. The Registrar of Co-operative Societies, Maharashtra State has
Jan 04, 2010
Reserve Bank Cancels the Licence of The Cambay Hindu Merchants Co-operative Bank Ltd., Khambhat (Gujarat)
In view of the fact that The Cambay Hindu Merchants Co-operative Bank Ltd., Khambhat (Gujarat), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank after the close of business on December 30, 2009. The Registrar of Co-operative Societies, Gujarat has also b
In view of the fact that The Cambay Hindu Merchants Co-operative Bank Ltd., Khambhat (Gujarat), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank after the close of business on December 30, 2009. The Registrar of Co-operative Societies, Gujarat has also b
Nov 17, 2009
RBI places Report of Working Group on Umbrella Organisation and Constitution of Revival Fund for Urban Cooperative Banks for comments
The Reserve Bank of India has today placed on its website, the report of the Working Group on Umbrella Organisation and Constitution of Revival Fund for Urban Cooperative Banks (UCBs). The Working Group (Chairman: Shri V.S. Das, Executive Director) had been constituted in July 2008 to study the structure of umbrella organisations of financial cooperative institutions / banks, as prevalent in other parts of the world, to examine the need and scope for a federated struc
The Reserve Bank of India has today placed on its website, the report of the Working Group on Umbrella Organisation and Constitution of Revival Fund for Urban Cooperative Banks (UCBs). The Working Group (Chairman: Shri V.S. Das, Executive Director) had been constituted in July 2008 to study the structure of umbrella organisations of financial cooperative institutions / banks, as prevalent in other parts of the world, to examine the need and scope for a federated struc
Nov 13, 2009
Reserve Bank Cancels the Licence of Rajlaxmi Nagari Sahakari Bank Ltd., Dhule, District Dhule, Maharashtra
In view of the fact that Rajlaxmi Nagari Sahakari Bank Ltd., Dhule, District 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 delivered the order cancelling its licence to the bank after the close of business on October 27, 2009. The Registrar of Co-operative Societies, Maharashtra has
In view of the fact that Rajlaxmi Nagari Sahakari Bank Ltd., Dhule, District 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 delivered the order cancelling its licence to the bank after the close of business on October 27, 2009. The Registrar of Co-operative Societies, Maharashtra has
Nov 12, 2009
Reserve Bank Cancels the Licence of Shri Kamdar Sahakari Bank Ltd., Bhavnagar
In view of the fact that Shri Kamdar Sahakari Bank Ltd., Bhavnagar, had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank after the close of business on November 06, 2009. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an or
In view of the fact that Shri Kamdar Sahakari Bank Ltd., Bhavnagar, had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank after the close of business on November 06, 2009. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an or
Oct 26, 2009
Reserve Bank Cancels the Licence of Suvidha Mahila Nagrik Sahakari Bank Maryadit, Hoshangabad (M.P)
In view of the fact that Suvidha Mahila Nagrik Sahakari Bank Maryadit, Hoshangabad (M.P), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Madhya Pradesh had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on October 21, 2009. The Registrar of Co-operative Societies, Madhya Pradesh Stat
In view of the fact that Suvidha Mahila Nagrik Sahakari Bank Maryadit, Hoshangabad (M.P), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Madhya Pradesh had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on October 21, 2009. The Registrar of Co-operative Societies, Madhya Pradesh Stat
Oct 22, 2009
Reserve Bank cancels the Licence of The Surat Mahila Nagrik Sahakari Bank Ltd., Surat (Gujarat)
In view of the fact that The Surat Mahila Nagrik Sahakari Bank Ltd., Surat had ceased to be solvent, the affairs of the bank were being conducted in a manner detrimental to the interests of the depositors and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank after the close of business on October 20,2009. The Registrar of Co-operative Societies, Gujarat has also been requ
In view of the fact that The Surat Mahila Nagrik Sahakari Bank Ltd., Surat had ceased to be solvent, the affairs of the bank were being conducted in a manner detrimental to the interests of the depositors and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank after the close of business on October 20,2009. The Registrar of Co-operative Societies, Gujarat has also been requ
Sep 16, 2009
Reserve Bank Cancels the Licence of The Nagpur Mahila Nagari Sahakari Bank Ltd, Nagpur (Maharashtra)
In view of the fact that The Nagpur Mahila Nagari Sahakari Bank Ltd, Nagpur, (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence to the bank after the close of business on September 8, 2009. The Registrar of Co-operative Societies, Maharas
In view of the fact that The Nagpur Mahila Nagari Sahakari Bank Ltd, Nagpur, (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence to the bank after the close of business on September 8, 2009. The Registrar of Co-operative Societies, Maharas
Sep 08, 2009
Reserve Bank Cancels the Licence of Surendranagar Peoples Co-operative Bank Ltd., Surendranagar (Gujarat)
In view of the fact that the Surendranagar Peoples Co-operative Bank Ltd., Surendranagar had ceased to be solvent, the affairs of the bank were being conducted in a manner detrimental to the interests of the depositors and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank after the close of business on September 4, 2009. The Registrar of Co-operative Societies, Gujarat ha
In view of the fact that the Surendranagar Peoples Co-operative Bank Ltd., Surendranagar had ceased to be solvent, the affairs of the bank were being conducted in a manner detrimental to the interests of the depositors and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank after the close of business on September 4, 2009. The Registrar of Co-operative Societies, Gujarat ha
Aug 06, 2009
The Arunachal Pradesh State Co-operative Apex Bank Ltd. - Penalised
The Reserve Bank of India has imposed a monetary penalty of Rs.5.00 lakh (Rupees Five Lakh only) on The Arunachal Pradesh State Co-operative Apex Bank Ltd., Arunachal Pradesh 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 granting unsecured loans to the bank's directors and their relatives, in contravention of Section 20(1)(b) of the
The Reserve Bank of India has imposed a monetary penalty of Rs.5.00 lakh (Rupees Five Lakh only) on The Arunachal Pradesh State Co-operative Apex Bank Ltd., Arunachal Pradesh 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 granting unsecured loans to the bank's directors and their relatives, in contravention of Section 20(1)(b) of the
Jul 29, 2009
Reserve Bank Cancels the Licence of Yashwant Sahakari Bank Limited, Miraj, Dist. Sangli, Maharashtra
In view of the fact that Yashwant Sahakari Bank Limited, Miraj, Sangli, 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 delivered the order canceling its licence to the bank after the close of business on July 23, 2009. The Registrar of Co-operative Societies, Maharashtra has also been requ
In view of the fact that Yashwant Sahakari Bank Limited, Miraj, Sangli, 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 delivered the order canceling its licence to the bank after the close of business on July 23, 2009. The Registrar of Co-operative Societies, Maharashtra has also been requ
Jul 22, 2009
Reserve Bank Cancels the Licence of Shri Parola Urban Co operative Bank Ltd., Parola, District Jalgaon, Maharashtra
In view of the fact that Shri Parola Urban Co operative Bank Ltd., Parola, District Jalgaon 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 delivered the order cancelling its licence to the bank after the close of business on July 10, 2009. The Registrar of Co-operative Societies, Maharashtr
In view of the fact that Shri Parola Urban Co operative Bank Ltd., Parola, District Jalgaon 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 delivered the order cancelling its licence to the bank after the close of business on July 10, 2009. The Registrar of Co-operative Societies, Maharashtr
Jul 10, 2009
Reserve Bank Cancels the Licence of The Katkol Co-operative Bank Ltd., Katkol, Karnataka
In view of the fact that the Katkol Co-operative Bank Ltd., Katkol, (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on July 03, 2009. The Registrar of Co-operative Societies, Karnataka has also been r
In view of the fact that the Katkol Co-operative Bank Ltd., Katkol, (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order canceling its licence to the bank after the close of business on July 03, 2009. The Registrar of Co-operative Societies, Karnataka has also been r
Jul 07, 2009
Reserve Bank Cancels the Licence of Prantij Nagrik Sahakari Bank Ltd., Prantij (Gujarat)
In view of the fact that the Prantij Nagrik Sahakari Bank Ltd., Prantij had ceased to be solvent, the affairs of the bank were being conducted in a manner detrimental to the interests of the depositors and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank after the close of business on June 30, 2009. The Registrar of Co-operative Societies, Gujarat has also been requested
In view of the fact that the Prantij Nagrik Sahakari Bank Ltd., Prantij had ceased to be solvent, the affairs of the bank were being conducted in a manner detrimental to the interests of the depositors and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank after the close of business on June 30, 2009. The Registrar of Co-operative Societies, Gujarat has also been requested
Jun 22, 2009
Reserve Bank Cancels the Licence of The Akot Urban Co-operative Bank Ltd., Akot. (Maharashtra)
In view of the fact that The Akot Urban Co-operative Bank Ltd., Akot, (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence to the bank after the close of business on June 20, 2009. The Registrar of Co-operative Societies, Maharashtra has al
In view of the fact that The Akot Urban Co-operative Bank Ltd., Akot, (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence to the bank after the close of business on June 20, 2009. The Registrar of Co-operative Societies, Maharashtra has al
May 29, 2009
Reserve Bank Cancels the Licence of Citizen Co-operative Bank Ltd., Burhanpur
In view of the fact that Citizen Co-operative Bank Ltd., Burhanpur, (M.P), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Madhya Pradesh had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank after the close of business on May 27, 2009. The Registrar of Co-operative Societies, Madhya Pradesh State has also been re
In view of the fact that Citizen Co-operative Bank Ltd., Burhanpur, (M.P), had ceased to be solvent, all efforts to revive it in close consultation with the Government of Madhya Pradesh had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank after the close of business on May 27, 2009. The Registrar of Co-operative Societies, Madhya Pradesh State has also been re
Apr 20, 2009
Reserve Bank Cancels the Licence of Yashwant Urban Co-operative Bank Ltd., Parbhani, (Maharashtra)
In view of the fact that Yashwant Urban Co-operative Bank Ltd., Parbhani, (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence to the bank after the close of business on April 18, 2009. The Registrar of Co-operative Societies, Maharashtra h
In view of the fact that Yashwant Urban Co-operative Bank Ltd., Parbhani, (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence to the bank after the close of business on April 18, 2009. The Registrar of Co-operative Societies, Maharashtra h
Mar 09, 2009
Reserve Bank Cancels the Licence of Deendayal Nagrik Sahakari Bank Maryadit, Khandwa, (M.P)
In view of the fact that Deendayal Nagrik Sahakari Bank Maryadit, Khandwa, (M.P) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Madhya Pradesh had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank after the close of business on March 4, 2009. The Registrar of Co-operative Societies, Madhya Pradesh State has also
In view of the fact that Deendayal Nagrik Sahakari Bank Maryadit, Khandwa, (M.P) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Madhya Pradesh had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank after the close of business on March 4, 2009. The Registrar of Co-operative Societies, Madhya Pradesh State has also
Mar 05, 2009
Reserve Bank Cancels the Licence of The Haliyal Urban Co-operative Bank Ltd., Haliyal, Karnataka
In view of the fact that The Haliyal, Urban Co-operative Bank Ltd., Haliyal, Karnataka had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order rejecting its licence application to the bank after the close of business on February 26, 2009. The Registrar of Co-operative Societies, Karnataka has
In view of the fact that The Haliyal, Urban Co-operative Bank Ltd., Haliyal, Karnataka had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order rejecting its licence application to the bank after the close of business on February 26, 2009. The Registrar of Co-operative Societies, Karnataka has
Mar 03, 2009
Mapusa Urban Co-operative Bank of Goa Ltd., Mapusa, Goa - Penalised
The Reserve Bank of India has imposed a monetary penalty of Rs.5.00 lakh (Rupees Five Lakh only) on Mapusa Urban Co-operative Bank of Goa Ltd., Mapusa, Goa 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 Reserve Bank of India's directives relating to maximum limits on unsecured advances and directions on lending operat
The Reserve Bank of India has imposed a monetary penalty of Rs.5.00 lakh (Rupees Five Lakh only) on Mapusa Urban Co-operative Bank of Goa Ltd., Mapusa, Goa 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 Reserve Bank of India's directives relating to maximum limits on unsecured advances and directions on lending operat
Mar 02, 2009
Shahada Peoples Co-operative Bank Ltd., Near Dondaicha Road, Shahada, District Nandurbar - Penalised
The Reserve Bank of India has imposed a monetary penalty of Rs.1.00 lakh (Rupees One Lakh only) on Shahada Peoples Co-operative Bank Ltd., Near Dondaicha Road, Shahada, District Nandurbar 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 Reserve Bank of India's directives/guidelines. The bank had exceeded individual expo
The Reserve Bank of India has imposed a monetary penalty of Rs.1.00 lakh (Rupees One Lakh only) on Shahada Peoples Co-operative Bank Ltd., Near Dondaicha Road, Shahada, District Nandurbar 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 Reserve Bank of India's directives/guidelines. The bank had exceeded individual expo
Feb 25, 2009
Reserve Bank Cancels the Licence of Suvarna Nagari Sahakari Bank Ltd., Parbhani
In view of the fact that Suvarna Nagari Sahakari Bank Ltd., Parbhani, (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence to the bank after the close of business on February 20, 2009 The Registrar of Co-operative Societies, Maharashtra has
In view of the fact that Suvarna Nagari Sahakari Bank Ltd., Parbhani, (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence to the bank after the close of business on February 20, 2009 The Registrar of Co-operative Societies, Maharashtra has
Feb 24, 2009
Reserve Bank Cancels the Licence of Indira Sahakari Bank Ltd., Dhule, Maharashtra
In view of the fact that Indira Sahakari 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 delivered the order cancelling its licence to the bank after the close of business on February 17, 2009. The Registrar of Co-operative Societies, Maharashtra has also been requested to
In view of the fact that Indira Sahakari 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 delivered the order cancelling its licence to the bank after the close of business on February 17, 2009. The Registrar of Co-operative Societies, Maharashtra has also been requested to
Feb 04, 2009
RBI cancels Licence of Ajit Sahakari Bank Limited, Pune
In view of the fact that Ajit Sahakari Bank Limited, Pune, 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 delivered the order cancelling its licence, to the bank after the close of business on January 28, 2009. The Registrar of Co-operative Societies, Maharashtra has also been requested to
In view of the fact that Ajit Sahakari Bank Limited, Pune, 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 delivered the order cancelling its licence, to the bank after the close of business on January 28, 2009. The Registrar of Co-operative Societies, Maharashtra has also been requested to
Feb 03, 2009
RBI cancels the Licence of Sadhana Co-operative Bank Ltd., Maharashtra
The Reserve Bank of India has on January 22, 2009 cancelled the licence of Sadhana Co-operative Bank Ltd., Ichalkaranji, District Kolhapur, Maharashtra. The licence has been cancelled as the bank 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 requested the Registrar of Co-operative Societies, Maharashtra to iss
The Reserve Bank of India has on January 22, 2009 cancelled the licence of Sadhana Co-operative Bank Ltd., Ichalkaranji, District Kolhapur, Maharashtra. The licence has been cancelled as the bank 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 requested the Registrar of Co-operative Societies, Maharashtra to iss
Jan 12, 2009
RBI cancels the Licence of Vasantdada Shetkari Sahakari Bank Limited, Maharashtra
The Reserve Bank of India has on January 7, 2009 cancelled the licence of Vasantdada Shetkari Sahakari Bank Limited, Sangli, Maharashtra. The licence has ben cancelled as the bank 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 has requested the Registrar of Co-operative Societies, Maharashtra to issue an order
The Reserve Bank of India has on January 7, 2009 cancelled the licence of Vasantdada Shetkari Sahakari Bank Limited, Sangli, Maharashtra. The licence has ben cancelled as the bank 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 has requested the Registrar of Co-operative Societies, Maharashtra to issue an order
Jan 01, 2009
RBI cancels Licence of Shri P.K. Anna Patil Janata Sahakari Bank Ltd., Maharashtra
The Reserve Bank of India (RBI) has, on December 29, 2008, cancelled the licence of Shri P.K.Anna Patil Janata Sahakari Bank Ltd., District Nandurbar, Maharashtra. The licence has been cancelled as the bank 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 has requested the Registrar of Co-operative Societies, Mah
The Reserve Bank of India (RBI) has, on December 29, 2008, cancelled the licence of Shri P.K.Anna Patil Janata Sahakari Bank Ltd., District Nandurbar, Maharashtra. The licence has been cancelled as the bank 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 has requested the Registrar of Co-operative Societies, Mah
Dec 18, 2008
Reserve Bank Cancels the Licence of Goregaon Co-operative Urban Bank Ltd., Goregaon, District Raigad, Maharashtra
In view of the fact that the Goregaon Co-operative Urban Bank Ltd., Goregaon, District Raigad, 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 delivered the order cancelling its licence to the bank after the close of business on December 2, 2008. The Registrar of Co-operative Societies, Mah
In view of the fact that the Goregaon Co-operative Urban Bank Ltd., Goregaon, District Raigad, 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 delivered the order cancelling its licence to the bank after the close of business on December 2, 2008. The Registrar of Co-operative Societies, Mah
Dec 17, 2008
Reserve Bank Cancels the Licence of Shri Siddhi Venkatesh Sahakari Bank Ltd., Jalgaon, Maharashtra
In view of the fact that Shri Siddhi Venkatesh Sahakari Bank Ltd., Jalgaon, 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 delivered the order canceling its licence to the bank after the close of business on December 06, 2008. The Registrar of Co-operative Societies, Maharashtra has also b
In view of the fact that Shri Siddhi Venkatesh Sahakari Bank Ltd., Jalgaon, 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 delivered the order canceling its licence to the bank after the close of business on December 06, 2008. The Registrar of Co-operative Societies, Maharashtra has also b
Dec 16, 2008
Reserve Bank Cancels the Licence of Chalisgaon People's Co-operative Bank Ltd.,
Chalisgaon, District Jalgaon, Maharashtra
Chalisgaon, District Jalgaon, Maharashtra
In view of the fact that Chalisgaon People's Co-operaftive Bank Ltd., Chalisgaon, District Jalgaon, 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 delivered the order cancelling its licence to the bank after the close of business on December 03, 2008. The Registrar of Co-operative Societies
In view of the fact that Chalisgaon People's Co-operaftive Bank Ltd., Chalisgaon, District Jalgaon, 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 delivered the order cancelling its licence to the bank after the close of business on December 03, 2008. The Registrar of Co-operative Societies
Dec 16, 2008
Reserve Bank Cancels the Licence of Faizpur Janata Sahakari Bank Ltd., Faizpur, District Jalgaon, Maharashtra
In view of the fact that Faizpur Janata Sahakari Bank Ltd., Faizpur, District Jalgaon, 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 delivered the order canceling its licence to the bank after the close of business on December 02, 2008. The Registrar of Co-operative Societies, Maharashtra
In view of the fact that Faizpur Janata Sahakari Bank Ltd., Faizpur, District Jalgaon, 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 delivered the order canceling its licence to the bank after the close of business on December 02, 2008. The Registrar of Co-operative Societies, Maharashtra
Dec 11, 2008
Licence of Siddhpur Commercial Co-operative Bank Ltd., Siddhpur - Cancelled
The Reserve Bank of India delivered the order cancelling the licence of Siddhpur Commercial Co-operative Bank Ltd., Siddhpur after the close of business on December 10, 2008. The bank had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors were being inconvenienced by continued uncertainty. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an order for winding
The Reserve Bank of India delivered the order cancelling the licence of Siddhpur Commercial Co-operative Bank Ltd., Siddhpur after the close of business on December 10, 2008. The bank had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors were being inconvenienced by continued uncertainty. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an order for winding
Dec 11, 2008
Licence of Bhavnagar Mercantile Co-operative Bank Ltd., Bhavnagar - Cancelled
The Reserve Bank of India delivered the order cancelling the licence of Bhavnagar Mercantile Co-operative Bank Ltd. Bhavnagar, after the close of business on December 10, 2008. The bank had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors of the bank were being inconvenienced by continued uncertainty. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an ord
The Reserve Bank of India delivered the order cancelling the licence of Bhavnagar Mercantile Co-operative Bank Ltd. Bhavnagar, after the close of business on December 10, 2008. The bank had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors of the bank were being inconvenienced by continued uncertainty. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an ord
Nov 21, 2008
Licence of Shree Vardhaman Co-operative Bank Ltd., Bhavnagar - Cancelled
The Reserve Bank of India delivered the order cancelling the licence of the Shree Vardhaman Co-operative Bank Ltd., Bhavnagar after the close of business on November 20, 2008.The bank had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors were being inconvenienced by continued uncertainty. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an order for winding
The Reserve Bank of India delivered the order cancelling the licence of the Shree Vardhaman Co-operative Bank Ltd., Bhavnagar after the close of business on November 20, 2008.The bank had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors were being inconvenienced by continued uncertainty. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an order for winding
Nov 20, 2008
Licence of The Ankleshwar Nagarik Sahakari Bank Ltd., Ankleshwar - Cancelled
The Reserve Bank of India delivered the order cancelling the licence of The Ankleshwar Nagarik Sahakari Bank Ltd., Ankleshwar, after the close of business on November 18, 2008. The bank had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors of the bank were being inconvenienced by continued uncertainty. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an ord
The Reserve Bank of India delivered the order cancelling the licence of The Ankleshwar Nagarik Sahakari Bank Ltd., Ankleshwar, after the close of business on November 18, 2008. The bank had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors of the bank were being inconvenienced by continued uncertainty. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an ord
Nov 11, 2008
Reserve Bank Cancels the Licence of The Achalpur Urban Co-operative Bank Ltd, Amravati, (Maharashtra)
In view of the fact that The Achalpur Urban Co-operative Bank Ltd, Amravati, (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence to the bank after the close of business on November 4, 2008. The Registrar of Co-operative Societies, Maharash
In view of the fact that The Achalpur Urban Co-operative Bank Ltd, Amravati, (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence to the bank after the close of business on November 4, 2008. The Registrar of Co-operative Societies, Maharash
Nov 07, 2008
Reserve Bank Cancels the Licence of Nutan Sahakari Bank Ltd., Vadodra
In view of the fact that Nutan Sahakari Bank Ltd., Vadodra, had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank after the close of business on November 05, 2008. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an order for
In view of the fact that Nutan Sahakari Bank Ltd., Vadodra, had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order cancelling its licence to the bank after the close of business on November 05, 2008. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an order for
Oct 27, 2008
Licence of Shri S.K.Patil Co-operative Bank Ltd., Kurundwad - Cancelled
The Reserve Bank of India delivered the order cancelling the licence of the Shri S.K.Patil Co-operative Bank Ltd., Kurundwad, District Kolhapur, Maharashtra after the close of business on October 25, 2008. The bank had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors of the bank were being inconvenienced by continued uncertainty. The Registrar of Co-operative Societies (RCS), Maharash
The Reserve Bank of India delivered the order cancelling the licence of the Shri S.K.Patil Co-operative Bank Ltd., Kurundwad, District Kolhapur, Maharashtra after the close of business on October 25, 2008. The bank had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors of the bank were being inconvenienced by continued uncertainty. The Registrar of Co-operative Societies (RCS), Maharash
Oct 03, 2008
Licence application of The Bhadrak Co-op. Urban Bank Ltd. Bhadrak - Rejected
In view of the fact that The Bhadrak Co-op. Urban Bank Ltd, Bhadrak, Orissa 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 delivered the order rejecting its application for issue of licence to carry on banking business after the close of business on September 25, 2008. The Registrar of Co-operative Societies, Orissa has also been requested to issue an order
In view of the fact that The Bhadrak Co-op. Urban Bank Ltd, Bhadrak, Orissa 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 delivered the order rejecting its application for issue of licence to carry on banking business after the close of business on September 25, 2008. The Registrar of Co-operative Societies, Orissa has also been requested to issue an order
Sep 24, 2008
Licence of Rohe Ashtami Sahakari Urban Bank Ltd., Roha, Dist. Raigad Cancelled
The Reserve Bank of India cancelled the licence of The Rohe Ashtami Sahakari Urban Bank Ltd., Roha, Dist. Raigad, Maharashtra on September 9, 2008. The bank 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 Registrar of Co-operative Societies has also been requested to issue an order for winding up the bank and appoint a liqui
The Reserve Bank of India cancelled the licence of The Rohe Ashtami Sahakari Urban Bank Ltd., Roha, Dist. Raigad, Maharashtra on September 9, 2008. The bank 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 Registrar of Co-operative Societies has also been requested to issue an order for winding up the bank and appoint a liqui
Sep 17, 2008
Licence of Sant Janabai Nagari Sahakari Bank Ltd, Gangakhed, Parbhani Cancelled
The Reserve Bank of India cancelled the licence of Sant Janabai Nagari Sahakari Bank Ltd, Gangakhed, Parbhani, Maharashtra, on September 5, 2008. The bank had ceased to be solvent and 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 Commissioner for Co-operation and Registrar of Co-operative Societies, Maharashtra, has also been requisitioned to issu
The Reserve Bank of India cancelled the licence of Sant Janabai Nagari Sahakari Bank Ltd, Gangakhed, Parbhani, Maharashtra, on September 5, 2008. The bank had ceased to be solvent and 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 Commissioner for Co-operation and Registrar of Co-operative Societies, Maharashtra, has also been requisitioned to issu
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Page Last Updated on: October 11, 2024
