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Regulating Co-operative Banking-Announcement
Press Releases
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سبتمبر 09, 2016RBI issues Directions to Nashik Zilla Girna Sahakari Bank Ltd., Nashik, MaharashtraThe Reserve Bank of India notified that Nashik Zilla Girna Sahakari Bank Ltd., Nashik, Maharashtra, was placed under directions for a period of six months vide directive dated September 8, 2015 from the close of business on September 9, 2015. The validity of the directions was extended vide directive dated March 03, 2016 for a period of six months. It is hereby notified for the information of the public that the period of operation of the directive dated September 8,The Reserve Bank of India notified that Nashik Zilla Girna Sahakari Bank Ltd., Nashik, Maharashtra, was placed under directions for a period of six months vide directive dated September 8, 2015 from the close of business on September 9, 2015. The validity of the directions was extended vide directive dated March 03, 2016 for a period of six months. It is hereby notified for the information of the public that the period of operation of the directive dated September 8,
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سبتمبر 08, 2016RBI cancels Certificate of Registration of 5 NBFCsThe Reserve Bank of India (RBI) has 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. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. M/s Simco Consultants Private Limited, Lakhami Tower,Vyapaar Vihar,Bilaspur (CG)-495001 B-05.03761 September 30, 2003 June 22, 2016 2. M/s LunkThe Reserve Bank of India (RBI) has 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. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. M/s Simco Consultants Private Limited, Lakhami Tower,Vyapaar Vihar,Bilaspur (CG)-495001 B-05.03761 September 30, 2003 June 22, 2016 2. M/s Lunk
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سبتمبر 08, 20162 NBFCs surrender their Certificate of Registration to RBIThe following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1 M/s Vivek Vyapar Ltd 54,Ezra Street, Ground Floor,Kolkata-700001 B.05.06356 May 11The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1 M/s Vivek Vyapar Ltd 54,Ezra Street, Ground Floor,Kolkata-700001 B.05.06356 May 11
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سبتمبر 07, 2016RBI extends validity of the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow, Uttar PradeshThe Reserve Bank of India (RBI) has extended the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of six months from September 12, 2016 to March 11, 2017, subject to review. The bank has been under directions since June 12, 2014 vide directive dated June 4, 2014 issued under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). The aforesaid directive has been modified / its validity extended vide RBIThe Reserve Bank of India (RBI) has extended the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of six months from September 12, 2016 to March 11, 2017, subject to review. The bank has been under directions since June 12, 2014 vide directive dated June 4, 2014 issued under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). The aforesaid directive has been modified / its validity extended vide RBI
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سبتمبر 06, 2016RBI extend Directions to The Vaish Co-operative Commercial Bank Ltd., New Delhi till March 08, 2017The Reserve Bank of India, in exercise of powers vested in it under sub-section (1) and (2) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), hereby directs that the Directives dated August 28, 2015 issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi, as modified on February 25, 2016, the validity of which was last extended up to September 08, 2016, shall continue to apply to the bank for a further period of sixThe Reserve Bank of India, in exercise of powers vested in it under sub-section (1) and (2) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), hereby directs that the Directives dated August 28, 2015 issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi, as modified on February 25, 2016, the validity of which was last extended up to September 08, 2016, shall continue to apply to the bank for a further period of six
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سبتمبر 01, 2016RBI issues Directions to Maratha Sahakari Bank Ltd., Mumbai, MaharashtraIt 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 Maratha Sahakari Bank Ltd., Mumbai, Maharashtra, whereby, from the close of business on August 31, 2016 the aforesaid bank shall not, without priorIt 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 Maratha Sahakari Bank Ltd., Mumbai, Maharashtra, whereby, from the close of business on August 31, 2016 the aforesaid bank shall not, without prior
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أغسطس 31, 2016RBI issues Directions to Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad (Telangana)The Reserve Bank of India is satisfied that in the interest of the public, it is necessary to issue certain directions to Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad. 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 Sri Bharathi Co-operativeThe Reserve Bank of India is satisfied that in the interest of the public, it is necessary to issue certain directions to Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad. 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 Sri Bharathi Co-operative
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أغسطس 24, 2016RBI extends Directions issued to Rupee Co-operative Bank Ltd., Pune till February 21, 2017The Reserve Bank of India vide directive dated August 18, 2016 has extended directions issued to Rupee Co-operative Bank Ltd., Pune, Maharashtra for a further period of six months from August 22, 2016 to February 21, 2017 subject to review. The directions were originally imposed from February 22, 2013 to August 21, 2013 and were extended on five occasions for a period of six months each and twice for a period of three months each. The last extension was for a period oThe Reserve Bank of India vide directive dated August 18, 2016 has extended directions issued to Rupee Co-operative Bank Ltd., Pune, Maharashtra for a further period of six months from August 22, 2016 to February 21, 2017 subject to review. The directions were originally imposed from February 22, 2013 to August 21, 2013 and were extended on five occasions for a period of six months each and twice for a period of three months each. The last extension was for a period o
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أغسطس 16, 2016RBI issues Directions to The R.S. Co-op. Bank Ltd., Mumbai, Maharashtra- Relaxation in payment of depositThe Reserve Bank of India notified that The R.S. Co-op. Bank Ltd., Mumbai, Maharashtra, was placed under directions for a period of six months vide directive dated June 24, 2015. The validity of the directions was extended for a further period of six months and three months each vide directives dated December 21, 2015 and June 22, 2016 respectively and the same is valid upto September 25, 2016. In terms of the existing directions, among other conditions, a sum not excThe Reserve Bank of India notified that The R.S. Co-op. Bank Ltd., Mumbai, Maharashtra, was placed under directions for a period of six months vide directive dated June 24, 2015. The validity of the directions was extended for a further period of six months and three months each vide directives dated December 21, 2015 and June 22, 2016 respectively and the same is valid upto September 25, 2016. In terms of the existing directions, among other conditions, a sum not exc
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أغسطس 16, 2016RBI imposes penalty on Model Co-operative Urban Bank Ltd., Hyderabad, TelanganaThe Reserve Bank of India has imposed monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on The Model 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 the Reserve Bank of India directives and guidelines on loans and advances to directors and their relatives. The RThe Reserve Bank of India has imposed monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on The Model 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 the Reserve Bank of India directives and guidelines on loans and advances to directors and their relatives. The R
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أغسطس 16, 2016RBI imposes penalty on Shri Dadasaheb Gajmal Co-operative Bank Ltd., Pachora, Dist : JalgaonThe Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One Lakh only) on Shri Dadasaheb Gajmal Co-operative Bank Ltd., Pachora, Dist : Jalgaon 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 the instructions / guidelines of the Reserve Bank of India relating to creation of floating charge on iThe Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One Lakh only) on Shri Dadasaheb Gajmal Co-operative Bank Ltd., Pachora, Dist : Jalgaon 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 the instructions / guidelines of the Reserve Bank of India relating to creation of floating charge on i
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أغسطس 16, 2016RBI imposes penalty on Indapur Urban Co-operative Bank Ltd., Indapur, Dist : PuneThe Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two Lakhs only) on Indapur Urban Co-operative Bank Ltd., Indapur, Dist : Pune 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 instructions / guidelines of the Reserve Bank of India relating to credit exposure norms on loans and advancThe Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two Lakhs only) on Indapur Urban Co-operative Bank Ltd., Indapur, Dist : Pune 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 instructions / guidelines of the Reserve Bank of India relating to credit exposure norms on loans and advanc
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أغسطس 16, 2016RBI Imposes Monetary Penalty on The Cooperative City Bank Ltd., GuwahatiThe Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five lakh only) on The Cooperative City Bank Ltd., Guwahati. In exercise of the powers vested in it under the provisions of Section 47A (1) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies), for violation of the provisions of para 4 (i) of circular UBD.DS.PCB.No.17/13.01.00/2002-03 dated September 18, 2002 on Guidelines on Know Your CustomThe Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five lakh only) on The Cooperative City Bank Ltd., Guwahati. In exercise of the powers vested in it under the provisions of Section 47A (1) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies), for violation of the provisions of para 4 (i) of circular UBD.DS.PCB.No.17/13.01.00/2002-03 dated September 18, 2002 on Guidelines on Know Your Custom
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أغسطس 10, 2016Cancellation of licence to carry on banking business in India and conversion of Urban Co-operative Bank into a Co-operative Society under Sections 22 and 36 (A) (2) of the Banking Regulation Act, 1949 (AACS) - Shri Yugprabhav Sahakari Bank Ltd., Vadodara (Gujarat)It is hereby notified for information of the public that the Reserve Bank of India has cancelled the licence of Shri Yugprabhav Sahakari Bank Ltd., Vadodara (Gujarat) vide order dated June 29, 2016. In view of the unsatisfactory financials and compliance record, the bank was advised to go out of purview of the B R Act, 1949 (AACS) and convert into a Co-operative Society. The bank has fulfilled all the conditions stipulated in Section 36(A)(2) of the Act ibid to allowIt is hereby notified for information of the public that the Reserve Bank of India has cancelled the licence of Shri Yugprabhav Sahakari Bank Ltd., Vadodara (Gujarat) vide order dated June 29, 2016. In view of the unsatisfactory financials and compliance record, the bank was advised to go out of purview of the B R Act, 1949 (AACS) and convert into a Co-operative Society. The bank has fulfilled all the conditions stipulated in Section 36(A)(2) of the Act ibid to allow
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أغسطس 05, 2016RBI cancels the Licence of the Pioneer Urban Co-operative Bank Ltd., Lucknow, Uttar PradeshThe Reserve Bank of India (RBI) has, vide order dated July 15, 2016 cancelled the licence of Pioneer Urban Co-operative Bank Ltd., Lucknow, Uttar Pradesh to carry on banking business. The order was made effective from the close of business on July 25, 2016. The Registrar of Co-operative Societies Uttar Pradesh has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Reserve Bank cancelled the licence of the bank as:The Reserve Bank of India (RBI) has, vide order dated July 15, 2016 cancelled the licence of Pioneer Urban Co-operative Bank Ltd., Lucknow, Uttar Pradesh to carry on banking business. The order was made effective from the close of business on July 25, 2016. The Registrar of Co-operative Societies Uttar Pradesh has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Reserve Bank cancelled the licence of the bank as:
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أغسطس 05, 2016RBI cancels the Licence of the Jijamata Mahila Sahakari Bank Ltd., Satara, MaharashtraThe Reserve Bank of India (RBI) has, vide order dated June 30, 2016 cancelled the licence of Jijamata Mahila Sahakari Bank Ltd., Satara, Maharashtra to carry on banking business. The order was made effective from the close of business on July 4, 2016. The Registrar of Co-operative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Reserve Bank cancelled the licence of the bank as: The banThe Reserve Bank of India (RBI) has, vide order dated June 30, 2016 cancelled the licence of Jijamata Mahila Sahakari Bank Ltd., Satara, Maharashtra to carry on banking business. The order was made effective from the close of business on July 4, 2016. The Registrar of Co-operative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Reserve Bank cancelled the licence of the bank as: The ban
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أغسطس 03, 2016RBI Imposes Monetary Penalty on The Raipur Urban Mercantile Co-operative Bank Limited, RaipurThe Reserve Bank of India has imposed a monetary penalty of ₹ 5,00,000/- (Rupees Five lakh only) on the Raipur Urban Mercantile Co-operative Bank Limited, Raipur 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 the directives/guidelines issued by the Reserve Bank on prohibition of grant of loans and advances to its direThe Reserve Bank of India has imposed a monetary penalty of ₹ 5,00,000/- (Rupees Five lakh only) on the Raipur Urban Mercantile Co-operative Bank Limited, Raipur 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 the directives/guidelines issued by the Reserve Bank on prohibition of grant of loans and advances to its dire
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أغسطس 03, 2016RBI Imposes Monetary Penalty on Zila Sahakari Kendriya Bank Maryadit, RaipurThe Reserve Bank of India has imposed a monetary penalty of ₹ 5,00,000/- (Rupees five lakh only) on Zila Sahakari Kendriya Bank Maryadit, Raipur 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 the directives/guidelines of the Reserve Bank on Know Your Customer Norms. The Reserve Bank of India had issued a show cause noThe Reserve Bank of India has imposed a monetary penalty of ₹ 5,00,000/- (Rupees five lakh only) on Zila Sahakari Kendriya Bank Maryadit, Raipur 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 the directives/guidelines of the Reserve Bank on Know Your Customer Norms. The Reserve Bank of India had issued a show cause no
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أغسطس 01, 2016RBI issues Directions to Hardoi Urban Co-operative Bank Ltd., Hardoi (U.P.)The Reserve Bank of India is satisfied that in the interest of the public, it is necessary to issue certain directions to the Hardoi Urban Co-operative Bank Ltd., Hardoi. 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 Hardoi Urban Co-operative BThe Reserve Bank of India is satisfied that in the interest of the public, it is necessary to issue certain directions to the Hardoi Urban Co-operative Bank Ltd., Hardoi. 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 Hardoi Urban Co-operative B
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أغسطس 01, 2016RBI issues Directions to Mahamedha Urban Co-operative Bank Ltd., Ghaziabad (Uttar Pradesh)The Reserve Bank of India is satisfied that in the interest of the public, it is necessary to issue certain directions to the Mahamedha Urban Co-operative Bank Ltd., Ghaziabad. 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 Mahamedha Urban Co-opThe Reserve Bank of India is satisfied that in the interest of the public, it is necessary to issue certain directions to the Mahamedha Urban Co-operative Bank Ltd., Ghaziabad. 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 Mahamedha Urban Co-op
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يوليو 31, 2016RBI issue Directions to CKP Co-operative Bank Ltd, Mumbai, MaharashtraCKP Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions for a period of six months vide directive dated April 30, 2014 from the close of business on May 2, 2014. The validity of the directions was extended vide directives dated October 21, 2014 for a period of three months; dated January 20, 2015 for a period of six months; dated July 9, 2015 for a period of three months ; dated October 28, 2015 for a period of three months and dated January 19, 20CKP Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions for a period of six months vide directive dated April 30, 2014 from the close of business on May 2, 2014. The validity of the directions was extended vide directives dated October 21, 2014 for a period of three months; dated January 20, 2015 for a period of six months; dated July 9, 2015 for a period of three months ; dated October 28, 2015 for a period of three months and dated January 19, 20
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يوليو 26, 2016RBI cancels Certificate of Registration of 5 NBFCsThe Reserve Bank of India (RBI) has 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. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. M/s Jahangirabad Finance Company Private Limited 301, Dhaka Chamber, 39, Naiwala, Karol Bagh, New Delhi – 110005 B-14.03066 April 25, 2005 MayThe Reserve Bank of India (RBI) has 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. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. M/s Jahangirabad Finance Company Private Limited 301, Dhaka Chamber, 39, Naiwala, Karol Bagh, New Delhi – 110005 B-14.03066 April 25, 2005 May
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يوليو 26, 2016RBI cancels Licence of Pioneer Urban Co-operative Bank Ltd., LucknowThe Reserve Bank of India has, on July 15, 2016, cancelled the licence of Pioneer Urban Co-operative Bank Ltd., Lucknow, 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 Applicable toThe Reserve Bank of India has, on July 15, 2016, cancelled the licence of Pioneer Urban Co-operative Bank Ltd., Lucknow, 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 Applicable to
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يوليو 26, 20162 NBFCs surrender their Certificate of Registration to RBIThe following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. M/s Fedder Tieup Private Limited (Presently Savi Media World Limited) 10B, SikdarThe following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. M/s Fedder Tieup Private Limited (Presently Savi Media World Limited) 10B, Sikdar
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يوليو 22, 2016RBI imposes penalty on Sardar Bhiladwala Pardi People’s Co-operative Bank Ltd., Killa Pardi, Dist. Valsad (Scheduled UCB) (Gujarat)The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on Sardar Bhiladwala Pardi People’s Co-operative Bank Ltd., Killa Pardi, Dist. Valsad (Scheduled UCB) (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of RBI guidelines pertaining to loans beyond the ceiling of ₹ 1.00The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on Sardar Bhiladwala Pardi People’s Co-operative Bank Ltd., Killa Pardi, Dist. Valsad (Scheduled UCB) (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of RBI guidelines pertaining to loans beyond the ceiling of ₹ 1.00
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يوليو 22, 2016RBI issues Directions on Shree Ganesh Sahakari Bank Ltd., Nashik, Maharashtra - Relaxation in payment of depositThe Reserve Bank of India notified that Shree Ganesh Sahakari Bank Ltd., Nashik, was placed under directions for a period of six months vide directive dated April 01, 2013. The validity of the directions was extended from time to time and are valid upto September 29, 2016. In terms of the existing directions a sum not exceeding ₹ 1,000/- of the total balance in every savings bank or current account or any other deposit account by whatever name called was allowed to beThe Reserve Bank of India notified that Shree Ganesh Sahakari Bank Ltd., Nashik, was placed under directions for a period of six months vide directive dated April 01, 2013. The validity of the directions was extended from time to time and are valid upto September 29, 2016. In terms of the existing directions a sum not exceeding ₹ 1,000/- of the total balance in every savings bank or current account or any other deposit account by whatever name called was allowed to be
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يوليو 20, 2016RBI imposes penalty on Sanmitra Sahakari Bank Maryadit, MumbaiThe Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One Lakh only) on Sanmitra Sahakari Bank Maryadit, Mumbai 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 instructions / guidelines of the Reserve Bank of India relating to single borrower exposure limit, unsecured individual borrowerThe Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One Lakh only) on Sanmitra Sahakari Bank Maryadit, Mumbai 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 instructions / guidelines of the Reserve Bank of India relating to single borrower exposure limit, unsecured individual borrower
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يوليو 18, 2016RBI imposes penalty on Baidyabati-Sheoraphuli Co-operative Bank Ltd., Dist - Hooghly, West BengalThe Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One Lakh only) on Baidyabati-Sheoraphuli Co-operative Bank Ltd., Dist- Hooghly, West Bengal, Pin-712223, 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 extant guideline on limit of Non-SLR investment, individual and group exposure ceilings forThe Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One Lakh only) on Baidyabati-Sheoraphuli Co-operative Bank Ltd., Dist- Hooghly, West Bengal, Pin-712223, 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 extant guideline on limit of Non-SLR investment, individual and group exposure ceilings for
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يوليو 15, 2016The Bodeli Urban Co-operative Bank Ltd., Bodeli, Dist. Chhota Udepur (Gujarat) - PenalisedThe Reserve Bank of India has imposed a monetary penalty of ₹1.00 lakh (Rupees one Lakh) on The Bodeli Urban Co-operative Bank Ltd., Bodeli, Dist. Chhota Udepur (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of RBI guidelines for ceiling on unsecured advances, credit sanction, KYC/AML guidelines regarding iThe Reserve Bank of India has imposed a monetary penalty of ₹1.00 lakh (Rupees one Lakh) on The Bodeli Urban Co-operative Bank Ltd., Bodeli, Dist. Chhota Udepur (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of RBI guidelines for ceiling on unsecured advances, credit sanction, KYC/AML guidelines regarding i
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يوليو 14, 2016RBI imposes penalty on The Yashwant Co-operative Bank Limited, Phaltan, MaharashtraThe Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on The Yashwant Co-operative Bank Limited, Phaltan, Maharashtra 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 provisions of Banking Regulation Act, 1949 (AACS), directions/instructions/guidelines issued by the Reserve BankThe Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on The Yashwant Co-operative Bank Limited, Phaltan, Maharashtra 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 provisions of Banking Regulation Act, 1949 (AACS), directions/instructions/guidelines issued by the Reserve Bank
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يوليو 14, 2016RBI imposes penalty on Shri Laxmi Co-operative Bank Ltd., PuneThe Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one Lakh only) on Shri Laxmi Co-operative Bank Ltd. Pune 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 provision of B.R.Act, 1949 (AACS) by submitting false compliance to RBI Inspection Report 2012-2013. The Reserve Bank of India had isThe Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one Lakh only) on Shri Laxmi Co-operative Bank Ltd. Pune 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 provision of B.R.Act, 1949 (AACS) by submitting false compliance to RBI Inspection Report 2012-2013. The Reserve Bank of India had is
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يوليو 13, 2016RBI extends Directions on The Suri Friends’ Union Co-operative Bank Ltd., Suri, West BengalThe 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, 2016 to January 06, 2017, 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 onThe 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, 2016 to January 06, 2017, 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
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يوليو 13, 2016RBI extends Directions issued to the Amanath Co-operative Bank Ltd., BengaluruThe Reserve Bank of India 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 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 priorThe Reserve Bank of India 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 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
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يوليو 12, 2016RBI imposes penalty on Shri Anand Co-operative Bank Ltd, PuneThe Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one Lakh only) on Shri Anand Co-operative Bank Ltd. Pune 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 Instructions / Guidelines of the Reserve Bank of India relating to group borrower limit The Reserve Bank of India had issued a shThe Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one Lakh only) on Shri Anand Co-operative Bank Ltd. Pune 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 Instructions / Guidelines of the Reserve Bank of India relating to group borrower limit The Reserve Bank of India had issued a sh
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يوليو 11, 2016RBI imposes penalty on The Prathamik Shikshak Sahakari Bank Limited KolhapurThe Reserve Bank of India has imposed a monetary penalty of ₹ 10.00 lakh (Rupees Ten lakh only) on The Prathamik Shikshak Sahakari Bank Ltd., Kolhapur (Salary Earners’ Bank), in exercise of the powers vested in it under the provision 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 relating to declaration and payment of dividend for the financial yearThe Reserve Bank of India has imposed a monetary penalty of ₹ 10.00 lakh (Rupees Ten lakh only) on The Prathamik Shikshak Sahakari Bank Ltd., Kolhapur (Salary Earners’ Bank), in exercise of the powers vested in it under the provision 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 relating to declaration and payment of dividend for the financial year
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يوليو 05, 2016RBI extends Directions issued to the Brahmawart Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh till January 06, 2017The Reserve Bank of India has extended Directions issued to the Brahmawart Commercial Co-operative Bank Ltd., Kanpur for a further period of six months from July 07, 2016 to January 06, 2017, subject to review. The bank has been under directions issued under Section 35A of the Banking Regulation Act, 1949 (AACS) since July 07, 2015. The aforesaid directive was modified and its validity extended upto July 06, 2016. The same has further been extended upto January 06, 20The Reserve Bank of India has extended Directions issued to the Brahmawart Commercial Co-operative Bank Ltd., Kanpur for a further period of six months from July 07, 2016 to January 06, 2017, subject to review. The bank has been under directions issued under Section 35A of the Banking Regulation Act, 1949 (AACS) since July 07, 2015. The aforesaid directive was modified and its validity extended upto July 06, 2016. The same has further been extended upto January 06, 20
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يوليو 04, 2016Cancellation of licence of Jijamata Mahila Sahakari Bank Limited, Satara, Maharashtra to carry on banking businessIt is hereby notified for the information of the public that the Reserve Bank of India has, vide its order dated June 30, 2016, cancelled the licence of Jijamata Mahila Sahakari Bank Limited, Satara, 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 'bankingIt is hereby notified for the information of the public that the Reserve Bank of India has, vide its order dated June 30, 2016, cancelled the licence of Jijamata Mahila Sahakari Bank Limited, Satara, 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
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يوليو 01, 2016RBI imposes Monetary Penalty on Shri Anand Nagari Sahakari Bank Ltd., Chandrapur (Maharashtra)The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on Shri Anand Nagari Sahakari Bank Ltd., Chandrapur, 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 various norms and RBI instructions. The Reserve Bank of India had issued a show cause notice to the bank, in response to whicThe Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on Shri Anand Nagari Sahakari Bank Ltd., Chandrapur, 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 various norms and RBI instructions. The Reserve Bank of India had issued a show cause notice to the bank, in response to whic
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يوليو 01, 2016RBI extends Directions issued to Shri Sai Urban Co-operative Bank Ltd., Mukhed Dist. Nanded, Maharashtra till September 30, 2016The Reserve Bank of India has extended Directions issued to Shri Sai Urban Co-operative Bank Ltd., Mukhed, Dist. Nanded (Mahrashtra) for a further period of three months from the close of business as on June 30, 2016 to September 30, 2016, subject to review. The bank was under directions since July 01, 2015. The directions were earlier extended for six month on one occasion. The Directions were imposed in exercise of powers vested in the Reserve Bank under sub sectionThe Reserve Bank of India has extended Directions issued to Shri Sai Urban Co-operative Bank Ltd., Mukhed, Dist. Nanded (Mahrashtra) for a further period of three months from the close of business as on June 30, 2016 to September 30, 2016, subject to review. The bank was under directions since July 01, 2015. The directions were earlier extended for six month on one occasion. The Directions were imposed in exercise of powers vested in the Reserve Bank under sub section
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يونيو 30, 2016Pricing of credit by NBFC-MFIs- applicable average base rate for the quarter beginning July 01, 2016It was communicated by Reserve Bank in its circular dated February 7, 2014 issued to NBFC-MFIs regarding pricing of credit, that the average of the base rates of the five largest commercial banks shall be advised by the Bank on the last working day of every quarter, for the purpose of arriving at the interest rates to be charged by an NBFC-MFI to its borrowers in the ensuing quarter. It is hereby brought to the notice of all concerned including the NBFC-MFIs that theIt was communicated by Reserve Bank in its circular dated February 7, 2014 issued to NBFC-MFIs regarding pricing of credit, that the average of the base rates of the five largest commercial banks shall be advised by the Bank on the last working day of every quarter, for the purpose of arriving at the interest rates to be charged by an NBFC-MFI to its borrowers in the ensuing quarter. It is hereby brought to the notice of all concerned including the NBFC-MFIs that the
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يونيو 24, 2016RBI issues Directions on The R S Co-operative Bank Ltd., Mumbai, MaharashtraThe R S Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions for a period of six months vide directive dated June 24, 2015 from the close of business on June 26, 2015. The validity of the directions was extended, vide order dated December 21, 2015 for a period of six months. The validity of the directions has been extended for a further period of three months from June 26, 2016 to September 25, 2016 vide our modified directive dated June 22, 2016 suThe R S Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions for a period of six months vide directive dated June 24, 2015 from the close of business on June 26, 2015. The validity of the directions was extended, vide order dated December 21, 2015 for a period of six months. The validity of the directions has been extended for a further period of three months from June 26, 2016 to September 25, 2016 vide our modified directive dated June 22, 2016 su
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يونيو 24, 2016RBI imposes penalty on The Industrial Cooperative Bank Ltd., GuwahatiThe Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five lakh only) on The Industrial Cooperative Bank Ltd., Guwahati. 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 Cooperative Societies), for violation of the provisions of para 4 (i) of circular dated September 18, 2002 on Guidelines on Know Your Customers Norms and Cash TransacThe Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five lakh only) on The Industrial Cooperative Bank Ltd., Guwahati. 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 Cooperative Societies), for violation of the provisions of para 4 (i) of circular dated September 18, 2002 on Guidelines on Know Your Customers Norms and Cash Transac
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يونيو 21, 2016The Lunawada Peoples’ Co-operative Bank Ltd., Lunawada, Dist. Mahisagar Imposition of penalty of ₹ 1.00 lakhThe Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one Lakh only) on The Lunawada Peoples’ Co-operative Bank Ltd., Lunawada, Dist. Mahisagar (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 issuance of Demand Drafts to a single party on the same day in cash for value jThe Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one Lakh only) on The Lunawada Peoples’ Co-operative Bank Ltd., Lunawada, Dist. Mahisagar (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 issuance of Demand Drafts to a single party on the same day in cash for value j
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يونيو 21, 2016RBI extends validity of the Directions issued to the Pioneer Urban Co-operative Bank Ltd., Lucknow, Uttar PradeshThe Reserve Bank of India (RBI) has extended the Directions issued to the Pioneer Urban Co-operative Bank Ltd., Lucknow for a further period of three months from June 24, 2016 to September 23, 2016, subject to review. The bank has been under directions since March 24, 2015 vide directive dated March 14, 2015 issued under Section 35A of the Banking Regulation Act, 1949 (AACS). The validity of the aforesaid directive was extended vide RBI directive dated September 16, 2The Reserve Bank of India (RBI) has extended the Directions issued to the Pioneer Urban Co-operative Bank Ltd., Lucknow for a further period of three months from June 24, 2016 to September 23, 2016, subject to review. The bank has been under directions since March 24, 2015 vide directive dated March 14, 2015 issued under Section 35A of the Banking Regulation Act, 1949 (AACS). The validity of the aforesaid directive was extended vide RBI directive dated September 16, 2
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يونيو 15, 2016RBI issues Directions on Sanmitra Sahakari Bank Maryadit, Mumbai, MaharashtraThe Reserve Bank of India 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 has issued certain Directions to Sanmitra Sahakari Bank Maryadit, Mumbai, Maharashtra, whereby, as from the close of business on June 14, 2016, the aforesaid bank shall not, witThe Reserve Bank of India 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 has issued certain Directions to Sanmitra Sahakari Bank Maryadit, Mumbai, Maharashtra, whereby, as from the close of business on June 14, 2016, the aforesaid bank shall not, wit
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يونيو 10, 2016RBI extends Directions issued to the Shri Chhatrapati Urban Co-operative Bank Ltd., Pimple Nilakh, District - Pune, MaharashtraShri Chhatrapati Urban Co-operative Bank Ltd., Pimple Nilakh, District - Pune, Maharashtra was placed under directions for a period of six months vide directive dated September 10, 2014 from the close of business on September 12, 2014. The validity of the aforesaid directive was extended thrice for a period of six months vide directive dated March 04, 2015 from the close of business on March 11, 2015; for a period of three months vide directive dated September 1, 2015Shri Chhatrapati Urban Co-operative Bank Ltd., Pimple Nilakh, District - Pune, Maharashtra was placed under directions for a period of six months vide directive dated September 10, 2014 from the close of business on September 12, 2014. The validity of the aforesaid directive was extended thrice for a period of six months vide directive dated March 04, 2015 from the close of business on March 11, 2015; for a period of three months vide directive dated September 1, 2015
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يونيو 08, 2016RBI shifts Supervision of Some Urban Coop Banks to NagpurThe Reserve Bank of India has shifted supervision and monitoring of Non-Scheduled Urban Cooperative banks whose head offices are located in Dhule, Nandurbar, Jalgaon and Solapur disctricts from Mumbai to Nagpur with effect from June 07, 2016. The address for correspondence regarding these banks would now be: General ManagerDepartment of Cooperative Bank SupervisionReserve Bank of IndiaAdditional Office BuildingEast High Court RoadNagpur- 440001Phone - 0712 2531225FAXThe Reserve Bank of India has shifted supervision and monitoring of Non-Scheduled Urban Cooperative banks whose head offices are located in Dhule, Nandurbar, Jalgaon and Solapur disctricts from Mumbai to Nagpur with effect from June 07, 2016. The address for correspondence regarding these banks would now be: General ManagerDepartment of Cooperative Bank SupervisionReserve Bank of IndiaAdditional Office BuildingEast High Court RoadNagpur- 440001Phone - 0712 2531225FAX
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يونيو 07, 2016RBI imposes penalty on Agroha Co-operative Urban Bank Ltd., Hyderabad, TelanganaThe Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on Agroha 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 directives/guidelines of the Reserve Bank on loans and advances to directors and their relatives. The Reserve BaThe Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on Agroha 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 directives/guidelines of the Reserve Bank on loans and advances to directors and their relatives. The Reserve Ba
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يونيو 07, 2016RBI imposes penalty on Sri Kalahasti Co-operative Town Bank Ltd., Sri Kalahasti, Andhra PradeshThe Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on Sri Kalahasti Co-operative Town Bank Ltd., Sri Kalahasti, 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 Section 20 and Section 20 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative SThe Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on Sri Kalahasti Co-operative Town Bank Ltd., Sri Kalahasti, 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 Section 20 and Section 20 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative S
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يونيو 06, 2016RBI imposes penalty on The Mapusa Urban Co-operative Bank of Goa Ltd, Mapusa, GoaThe Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh Only) on The Mapusa Urban Co-operative Bank of Goa Ltd, Mapusa, Goa, 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 directions/guidelines issued by the Reserve Bank of India relating to payment of interests on term deposiThe Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh Only) on The Mapusa Urban Co-operative Bank of Goa Ltd, Mapusa, Goa, 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 directions/guidelines issued by the Reserve Bank of India relating to payment of interests on term deposi
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