The Reserve Bank of India has cancelled the licence of The Star Cooperative Urban Bank Ltd., Dilsukhnagar, Hyderabad (Andhra Pradesh) to carry on banking business. The bank is precluded from transacting the business of 'banking' as defined in the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P. V

The Reserve Bank of India has cancelled vide Order dated December 4, 2002 the licence granted to the Sevalal Urban Co-operative Bank Ltd., Mandrup, Dist. Solapur (Maharashtra) to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawals by

The Reserve Bank of India has rejected the licence application of The Gulbarga Urban Co-operative Bank Ltd., Gulbarga (Karnataka) to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheques, draft, order or otherwise.P. V. Sadana

The Reserve Bank of India has rejected the licence application of The Pithapuram Co-operative Urban Bank Ltd., Pithapuram (Andhra Pradesh) to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheques, draft, order or otherwise.Aji

On an application of the Reserve Bank of India, the Central Government has today issued an Order of Moratorium in respect of the Nedungadi Bank Ltd. The Order of Moratorium has been passed by the Central government in the public interest, in the interest of depositors and the banking system. The moratorium will be from the close of business on November 2, 2002 upto and including February 1, 2003. During this period, the Reserve Bank of India will consider the various

The Reserve Bank of India has cancelled the licence of The Mother Theresa Hyderabad Co-operative Urban Bank Ltd., Narayanaguda, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of ‘banking’ as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or ot

The Reserve Bank of India has rejected the licence application of the Manamadurai Co-operative Urban Bank Ltd., Manamadurai, Tamil Nadu to carry on banking business. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheques, draft, order or otherwise.P.V. S

The Reserve Bank of India has cancelled the licence of Armoor Co-operative Urban Bank Ltd., Armoor, Andhra Pradesh to carry on banking business. The bank is precluded from transacting the business of ‘banking’ as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P.V. Sadanandan Mana

The Reserve Bank of India has cancelled the licence of The Maa Sharda Mahila Nagari Sahakari Bank Ltd., Akola, Maharashtra to carry on banking business. The bank is precluded from transacting the business of ‘banking’ as defined in the Banking Regulation Act, 1949 (as applicable to Co-operative Societies). Thus, it will not be in order for it, among other things, to accept deposits from the public and allow withdrawals by cheque, draft, order or otherwise.P.V. Sadanan

The Reserve Bank of India has rejected under Section 22 of the Banking Regulation Act, 1949 (AACS), the licence application of the District Central Co-op. Bank Ltd., Gonda, Uttar Pradesh to carry on banking business in India. The bank is precluded from transacting the business of banking as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and all