The 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 October 22, 2022. 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 se

Reserve Bank of India vide directive DCBS.CO.BSD-I./D-9/12.22.111/2016-17 dated March 30, 2017 had placed The Kapol Cooperative Bank Ltd Mumbai, Maharashtra under Directions from the close of business on March 30, 2017 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to October 31, 2022. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in

The 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 October 16, 2022. 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 Secti

Today, the Reserve Bank of India (RBI), vide order dated October 10, 2022, has cancelled the licence of “The Seva Vikas Co-operative Bank Ltd., Pune, Maharashtra.” Consequently, the bank ceases to carry on banking business, with effect from the close of business on October 10, 2022. The Commissioner for Cooperation 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 Bank of India issued Directions to Shushruti Souharda Sahakara Bank Niyamita, Bengaluru, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive CO.DOS.DSD.No.S98/10-01-023/2022-23 dated April 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 CO.DOS.DSD.No.S98/10-01-023/2022-23 dated April 07, 2022 issued to Shushrut

The 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 September 22, 2022. 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 su

Today, the Reserve Bank of India (RBI), vide order dated September 14, 2022, has cancelled the licence of “The Laxmi Co-operative Bank Limited, Solapur, Maharashtra”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on September 22, 2022. The Commissioner for Cooperation 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

Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan was placed under All-Inclusive Directions from close of business on November 09, 2018 for a period of six months subject to review, vide Directive dated October 26, 2018. The validity of the directions was last extended vide Directive dated June 07, 2022 for three months up to September 09, 2022, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise o

Reserve Bank of India vide directive DoS.CO.SUCBs-West/S2399/12.22.159/2021-22 dated December 06, 2021 had placed Nagar Urban Co-operative Bank Ltd., Ahmednagar under Directions from the close of business on December 06, 2021 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to September 06, 2022. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers

The Reserve Bank of India issued Directions to The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS), vide Directive DCBS.CO.PCC D-4/12.26.004/2018-19 dated November 02, 2018, from close of business on November 09, 2018, for a period of six months, which were extended from time to time, last being up to September 09, 2022 vide the Directive DOR.MON/D-15/12.26.004/2022-23 dated May 31, 202

The Reserve Bank of India, vide directive DCBS.CO.BSD-I/D-4/12.22.141/2016-17 dated August 31, 2016, had placed Maratha Sahakari Bank Limited, Mumbai, Maharashtra under Directions from the close of business on August 31, 2016 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to August 31, 2022. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers ves

The 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 August 31, 2022. 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 sec

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. CO.DOS.SED.No. S3361/12-07-005/2022-2023 dated August 23, 2022, has issued certain Directions to Thodupuzha Urban Co-operative Bank Ltd.No.394, Kerala, whereby, as from the close of business

The Reserve Bank of India issued Directions to The Malkapur Urban Co-operative Bank Ltd., Buldhana, Maharashtra under Section 35A read with Section 56 the Banking Regulation Act, 1949 vide Directive DOS.CO.NSUCBs-West/D-3/S2050/12-07-005/2021-22 dated November 24, 2021, as modified from time to time, which were last extended up to August 24, 2022 vide Directive DOR.MON/D-10/12.22.638/2022-23 dated May 20, 2022. 2. The Reserve Bank of India is satisfied that in the pub

The Reserve Bank of India, in the public interest, had issued directions to Garha Co-operative Bank Ltd., Guna, Madhya Pradesh in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on February 24, 2021. The validity of the directions was extended from time-to-time, the last being up to August 24, 2022. The Reserve Bank of India has now further extended the Dir

Today, the Reserve Bank of India (RBI), vide order dated August 17, 2022, has cancelled the licence of “Deccan Urban Co-operative Bank Ltd., Vijayapur, Karnataka”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on August 18, 2022. The Commissioner for Cooperation and 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. T

The Reserve Bank of India, in the public interest, had issued directions to the Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on May 19, 2018. These directions were modified from time to time, the validity of which was last extended up to August 17, 2022. These directions s

The Reserve Bank of India has been addressing the issues relating to recovery agents (RAs) engaged by the Regulated Entities (REs), viz., Scheduled Commercial Banks, Non-Banking Financial Companies, etc., and the methods and practices being followed by these agents while undertaking loan recovery activities. The Reserve Bank of India, as part of guidelines on Fair Practices Code (FPC), has already advised REs that they should not resort to intimidation or harassment o

Today, the Reserve Bank of India (RBI), vide order dated August 08, 2022, has cancelled the licence of “Rupee Co-operative Bank Ltd, Pune”. In compliance to the Hon’ble High Court of Bombay order dated September 12, 2017 in Writ Petition No. 2938 of 2014 (Bank Employees Union, Pune vs. The State of Maharashtra & Ors.) with Writ Petition No. 9286 of 2017 (Naresh Vasant Raut & Ors. Vs. The State of Maharashtra & Ors), the order shall become effective after s

The Reserve Bank of India, in the public interest, had issued directions to The Laxmi Co-operative Bank Limited, Solapur, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) vide Directive Dos.Co.UCBs-West/S1910/12.07.005/2021-22 dated November 12, 2021 as modified from time to time, last being vide Directive DOR.MON/D-08/12.22.134/2022-23 dated May 10, 2022 in terms of wh