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Regulating Co-operative Banking-Announcement
Press Releases
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Jul 18, 2023Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Sri Mallikarjuna Pattana Sahakari Bank Niyamitha, Maski, Karnataka – Extension of periodThe Reserve Bank of India issued Directions to Sri Mallikarjuna Pattana Sahakari Bank Niyamitha, Maski, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive BLR.DOS.SSMS. No. S558/13-03-225/2022-23 dated July 15, 2022. 2. The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the Directive BLR.DOS.SSMS. No. S558/13-03-225/2022-23 dated July 15, 2022 as modiThe Reserve Bank of India issued Directions to Sri Mallikarjuna Pattana Sahakari Bank Niyamitha, Maski, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive BLR.DOS.SSMS. No. S558/13-03-225/2022-23 dated July 15, 2022. 2. The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the Directive BLR.DOS.SSMS. No. S558/13-03-225/2022-23 dated July 15, 2022 as modi
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Jul 18, 2023Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Raigad Sahakari Bank Limited, Mumbai, Maharashtra– Extension of PeriodThe Reserve Bank of India, vide directive CO.DOS.DSD.No.S2469/12-07-005/2022-23 dated July 15, 2022, had placed Raigad Sahakari Bank Limited, Mumbai, Maharashtra under Directions from the close of business on July 18, 2022, for a period of six months. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in the exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act,The Reserve Bank of India, vide directive CO.DOS.DSD.No.S2469/12-07-005/2022-23 dated July 15, 2022, had placed Raigad Sahakari Bank Limited, Mumbai, Maharashtra under Directions from the close of business on July 18, 2022, for a period of six months. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in the exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act,
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Jul 18, 2023Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Nashik Zilla Girna Sahakari Bank Limited, Nashik, Maharashtra – Extension of PeriodThe Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Nashik Zilla Girna Sahakari Bank Limited, Nashik, Maharashtra vide Directive CO.DoS.DSD.No.S2470/12-07-005/2022-2023 dated July 15, 2022, the validity of which was extended up to July 18, 2023 vide Directive DOR.MON.D-10/12.22.412/2023-24 dated April 17, 2023. 2. The Reserve Bank of India is satisfied that in the public interest, it is necessary toThe Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Nashik Zilla Girna Sahakari Bank Limited, Nashik, Maharashtra vide Directive CO.DoS.DSD.No.S2470/12-07-005/2022-2023 dated July 15, 2022, the validity of which was extended up to July 18, 2023 vide Directive DOR.MON.D-10/12.22.412/2023-24 dated April 17, 2023. 2. The Reserve Bank of India is satisfied that in the public interest, it is necessary to
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Jul 14, 2023Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - The City Co-operative Bank Limited, Mumbai - Extension of periodThe Reserve Bank of India, vide directive DCBS.CO.BSD-I/D-5/12.22.039/2017-18 dated April 17, 2018, had placed The City Co-operative Bank Ltd, Mumbai under Directions from the close of business on April 17, 2018. The validity of the directions was extended from time-to-time, the last being up to July 16, 2023. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of SectionThe Reserve Bank of India, vide directive DCBS.CO.BSD-I/D-5/12.22.039/2017-18 dated April 17, 2018, had placed The City Co-operative Bank Ltd, Mumbai under Directions from the close of business on April 17, 2018. The validity of the directions was extended from time-to-time, the last being up to July 16, 2023. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section
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Jul 11, 2023RBI cancels the licence of Sri Sharada Mahila Co-operative Bank Ltd., Tumkur, KarnatakaToday, the Reserve Bank of India (RBI), vide order dated July 11, 2023, has cancelled the licence of “Sri Sharada Mahila Co-operative Bank Ltd., Tumkur, Karnataka”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on July 11, 2023. The Registrar of Cooperative Societies, Karnataka 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 liceToday, the Reserve Bank of India (RBI), vide order dated July 11, 2023, has cancelled the licence of “Sri Sharada Mahila Co-operative Bank Ltd., Tumkur, Karnataka”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on July 11, 2023. The Registrar of Cooperative Societies, Karnataka 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 lice
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Jul 11, 2023RBI cancels the licence of Harihareshwar Sahakari Bank Ltd., Wai, SataraToday, the Reserve Bank of India (RBI), vide order dated July 11, 2023, has cancelled the licence of “Harihareshwar Sahakari Bank Ltd., Wai, Satara”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on July 11, 2023. The Commissioner for Co-operation and Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Reserve BaToday, the Reserve Bank of India (RBI), vide order dated July 11, 2023, has cancelled the licence of “Harihareshwar Sahakari Bank Ltd., Wai, Satara”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on July 11, 2023. The Commissioner for Co-operation and Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Reserve Ba
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Jul 07, 2023Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Sri Sharada Mahila Co-operative Bank Limited, Tumkur, Karnataka - Extension of periodThe Reserve Bank of India issued Directions to Sri Sharada Mahila Co-operative Bank Limited, Tumkur, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive BLR.DOS.SSMS.No.S530/13-04-179/2022-23 dated July 07, 2022. 2. The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the Directive BLR.DOS.SSMS.No.S530/13-04-179/2022-23 dated July 07, 2022 issued to SriThe Reserve Bank of India issued Directions to Sri Sharada Mahila Co-operative Bank Limited, Tumkur, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive BLR.DOS.SSMS.No.S530/13-04-179/2022-23 dated July 07, 2022. 2. The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the Directive BLR.DOS.SSMS.No.S530/13-04-179/2022-23 dated July 07, 2022 issued to Sri
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Jul 07, 2023Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Sahebrao Deshmukh Co-operative Bank Limited, Mumbai, Maharashtra - Extension of PeriodThe Reserve Bank of India, vide directive CO.DOS.DSD.No.S2323/12-07-005/2022-23 dated July 07, 2022., had placed Sahebrao Deshmukh Co-operative Bank Limited, Mumbai, Maharashtra under Directions from the close of business on July 08, 2022, for a period of six months. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in the exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the BankingThe Reserve Bank of India, vide directive CO.DOS.DSD.No.S2323/12-07-005/2022-23 dated July 07, 2022., had placed Sahebrao Deshmukh Co-operative Bank Limited, Mumbai, Maharashtra under Directions from the close of business on July 08, 2022, for a period of six months. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in the exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking
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Jul 07, 2023Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Sangli Sahakari Bank Limited, Mumbai, Maharashtra - Extension of PeriodThe Reserve Bank of India, vide directive CO.DOS.DSD.No.S2322/12-07-005/2022-23 dated July 07, 2022., had placed Sangli Sahakari Bank Limited, Mumbai, Maharashtra under Directions from the close of business on July 08, 2022, for a period of six months. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in the exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation ActThe Reserve Bank of India, vide directive CO.DOS.DSD.No.S2322/12-07-005/2022-23 dated July 07, 2022., had placed Sangli Sahakari Bank Limited, Mumbai, Maharashtra under Directions from the close of business on July 08, 2022, for a period of six months. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in the exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act
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Jul 07, 2023Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Ramgarhia Co-operative Bank Ltd, New Delhi - Extension of PeriodThe Reserve Bank of India, vide directive DEL.DOS.EXG_SSM No.S515/12-10- 013/2022-23 dated July 07, 2022, had placed Ramgarhia Co-operative Bank Ltd, New Delhi – under Directions from the close of business on July 08, 2022, for a period of six months up to January 08, 2023, the validity of which was extended up to July 08, 2023 vide directive DOR.MON.D-03/12.28.115/2023-24 dated April 06, 2023. 2. The Reserve Bank of India, in exercise of the powers vested in it underThe Reserve Bank of India, vide directive DEL.DOS.EXG_SSM No.S515/12-10- 013/2022-23 dated July 07, 2022, had placed Ramgarhia Co-operative Bank Ltd, New Delhi – under Directions from the close of business on July 08, 2022, for a period of six months up to January 08, 2023, the validity of which was extended up to July 08, 2023 vide directive DOR.MON.D-03/12.28.115/2023-24 dated April 06, 2023. 2. The Reserve Bank of India, in exercise of the powers vested in it under
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