Reserve Bank of India vide directive DCBS.CO.BSD-I./D-14/12.22.254/2018-19 dated May 03, 2019 had placed the Shivaji Rao Bhosale Sahakari Bank Ltd., Pune, Maharashtra under Directions from the close of business on May 04, 2019. The validity of the directions was extended from time-to-time, the last being up to March 04, 2021. 2. It is hereby notified for the information of the public that, Reserve Bank of India, in exercise of powers vested in it under sub-section (1)

The Madgaum Urban Co-operative Bank Ltd., Margao, Goa was placed under Directions vide Directive dated April 26, 2019 from the close of business on May 02, 2019 for a period of six months. The validity of the above Directions was extended from time to time, the last being vide Directive dated December 01, 2020 up to March 02, 2021. 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-s

The Reserve Bank of India issued Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 to Bidar Mahila Urban Co-operative Bank Ltd., Bidar, Karnataka, vide Directive DCBS.CO.BSD-III.No.D-8/12.23.212/2018-19 dated February 21, 2019, as modified from time to time, last being vide Directive DOR.CO.AID.NO.D-16/12.23.212/2020-21, dated August 25, 2020 in terms of which, the Directions were extended up to February 28, 2021. 2. The Reserve Ba

Reserve Bank of India vide directive UBD.CO.BSD-I./D-28/12.22.2018/2012-13 dated February 21, 2013 had placed the Rupee Co-operative Bank Ltd., Pune, Maharashtra under Directions from the close of business on February 22, 2013. The validity of the directions was extended from time-to-time, the last being up to February 28, 2021. 2. It is hereby notified for the information of the public that, Reserve Bank of India, in exercise of powers vested in it under sub-section

The Reserve Bank of India today herewith releases the 7th volume of the annual publication titled ‘Primary (Urban) Co-operative Banks’ Outlook 2019-20’. It can be accessed at https://dbie.rbi.org.in/DBIE/dbie.rbi?site=publications#!13. The publication has been brought out by the ‘Department of Supervision’ of the Reserve Bank of India. The publication covers the financial accounts of Scheduled and Non-Scheduled Primary (Urban) Co-operative Banks for the financial year

It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive dated February 23, 2021 has issued certain Directions to Garha Co-operative Bank Ltd., Guna, whereby, as from the close of business on February 24, 2021, the Administrator of the aforesaid bank shall n

The Reserve Bank of India (RBl) has, by an order dated February 22, 2021, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on Jilla Sahakari Kendriya Bank Maryadit, Sidhi (the bank) for non-compliance with the provisions of the Banking Regulation Act, 1949 (the Act) and the Depositor Education and Awareness Fund Scheme, 2014. The penalty has been imposed on the bank in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read wi

It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. DoS.CO.UCBs.South/Dir.1/1849/10.01.023./2020-21 dated February 18, 2021 has issued certain Directions to Deccan Urban Co-operative Bank Ltd., Vijayapur, Karnataka, whereby, as from the close o

As part of the Statement on Developmental and Regulatory Policies released along with the Monetary Policy Statement on February 05, 2021, the Reserve Bank has announced setting up of an Expert Committee on UCBs to examine the issues and to provide a road map for strengthening the sector, leveraging on the recent amendments to Banking Regulation Act, 1949 (As Applicable to Cooperative Societies). Accordingly, the Reserve Bank of India has constituted an Expert Committe

It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. DoS.CO.UCBs-West/D-2/12.07.005/2020-21 dated February 09, 2021, has issued certain Directions to Independence Co-operative Bank Limited, Nashik, whereby, as from the close of business on Febru