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Regulating Co-operative Banking-Announcement
Press Releases
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मार्च 19, 2021RBI imposes monetary penalty on Arvind Sahakari Bank Limited, Katol, MaharashtraThe Reserve Bank of India (RBl) has imposed, by an order dated March 18, 2021, a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on Arvind Sahakari Bank Limited, Katol, Maharashtra (the bank) for contravention of/ non-compliance with the directions issued by RBI on installing Off-site ATMs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking ReguThe Reserve Bank of India (RBl) has imposed, by an order dated March 18, 2021, a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on Arvind Sahakari Bank Limited, Katol, Maharashtra (the bank) for contravention of/ non-compliance with the directions issued by RBI on installing Off-site ATMs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regu
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मार्च 18, 2021RBI imposes monetary penalty on The Irinjalakuda Town Co-operative Bank Ltd. No.55, Irinjalakuda, Thrissur District, KeralaThe Reserve Bank of India (RBI) has imposed, by an order dated March 17, 2021, a monetary penalty of ₹50.00 lakh (Rupees fifty lakh only) on The Irinjalakuda Town Co-operative Bank Ltd. No.55, Irinjalakuda, Thrissur District, Kerala (the bank) for contravention of/non-compliance with the directions issued by RBI on “Income Recognition and Asset Classification” and on “Management of Advances – UCBs”. The penalty has been imposed on the bank in exercise of powers vestedThe Reserve Bank of India (RBI) has imposed, by an order dated March 17, 2021, a monetary penalty of ₹50.00 lakh (Rupees fifty lakh only) on The Irinjalakuda Town Co-operative Bank Ltd. No.55, Irinjalakuda, Thrissur District, Kerala (the bank) for contravention of/non-compliance with the directions issued by RBI on “Income Recognition and Asset Classification” and on “Management of Advances – UCBs”. The penalty has been imposed on the bank in exercise of powers vested
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मार्च 18, 2021RBI imposes monetary penalty on Priyadarshini Urban Co-operative Bank Ltd, Adoni, Kurnool District, Andhra PradeshThe Reserve Bank of India (RBI) has imposed, by an order dated March 17, 2021, a monetary penalty of ₹10.00 lakh (Rupees ten lakh only) on Priyadarshini Urban Co-operative Bank Ltd, Adoni, Kurnool District, Andhra Pradesh (the bank) for contravention of / non-compliance with the directions issued by RBI on sanction of loans to Directors of the Bank, “Income Recognition and Asset Classification norms”, and “Exposure Norms and Statutory / Other restrictions – UCBs”. ThiThe Reserve Bank of India (RBI) has imposed, by an order dated March 17, 2021, a monetary penalty of ₹10.00 lakh (Rupees ten lakh only) on Priyadarshini Urban Co-operative Bank Ltd, Adoni, Kurnool District, Andhra Pradesh (the bank) for contravention of / non-compliance with the directions issued by RBI on sanction of loans to Directors of the Bank, “Income Recognition and Asset Classification norms”, and “Exposure Norms and Statutory / Other restrictions – UCBs”. Thi
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मार्च 17, 2021Reserve Bank of India imposes monetary penalty on Indore Paraspar Sahakari Bank Limited, IndoreThe Reserve Bank of India (RBl) has imposed, by an order dated March 16, 2021, a monetary penalty of ₹1.00 lakh on Indore Paraspar Sahakari Bank Limited, Indore (the bank) for contravention of/ non-compliance with the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Banking RegulThe Reserve Bank of India (RBl) has imposed, by an order dated March 16, 2021, a monetary penalty of ₹1.00 lakh on Indore Paraspar Sahakari Bank Limited, Indore (the bank) for contravention of/ non-compliance with the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Banking Regul
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मार्च 17, 2021Reserve Bank of India imposes monetary penalty on Jila Sahakari Kendriya Bank Maryadit, TikamgarhThe Reserve Bank of India (RBl) has imposed, by an order dated March 16, 2021, a monetary penalty of ₹0.50 lakh on Jila Sahakari Kendriya Bank Maryadit, Tikamgarh (the bank) for contravention of/non-compliance with the directions issued by RBI on Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Banking Regulation Act, 1949, taking intoThe Reserve Bank of India (RBl) has imposed, by an order dated March 16, 2021, a monetary penalty of ₹0.50 lakh on Jila Sahakari Kendriya Bank Maryadit, Tikamgarh (the bank) for contravention of/non-compliance with the directions issued by RBI on Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Banking Regulation Act, 1949, taking into
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मार्च 16, 2021Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, (AACS) - Padmashri Dr. Vitthalrao Vikhe Patil Co-op. Bank Ltd., Nashik Maharashtra - Extension of periodReserve Bank of India, in the public interest, had issued directions to Padmashri Dr. Vitthalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A 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 upto March 17, 2021. These directions shall contiReserve Bank of India, in the public interest, had issued directions to Padmashri Dr. Vitthalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A 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 upto March 17, 2021. These directions shall conti
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मार्च 13, 2021Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS)- Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd. Nilanga, District Latur, Maharashtra - Extension of PeriodReserve Bank of India, in the public interest, had issued directions to Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd. Nilanga, District Latur, 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 February 16, 2019. These directions were modified from time to time, the validity of which was last extended upto March 14, 2021. TheseReserve Bank of India, in the public interest, had issued directions to Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd. Nilanga, District Latur, 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 February 16, 2019. These directions were modified from time to time, the validity of which was last extended upto March 14, 2021. These
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मार्च 12, 2021RBI imposes monetary penalty on the United India Co-operative Bank Limited, NaginaThe Reserve Bank of India (RBI) has imposed, by an order dated March 10, 2021, a monetary penalty of ₹1.00 lakh on the United India Co-operative Bank Limited, Nagina (the bank) for contravention of section 27 read with section 56 of the Banking Regulation Act, 1949. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act, 1949, taking into aThe Reserve Bank of India (RBI) has imposed, by an order dated March 10, 2021, a monetary penalty of ₹1.00 lakh on the United India Co-operative Bank Limited, Nagina (the bank) for contravention of section 27 read with section 56 of the Banking Regulation Act, 1949. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act, 1949, taking into a
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मार्च 09, 2021Directions under Section 35 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Sikar Urban Co-operative Bank Ltd, Sikar, Rajasthan - Extension of validitySikar 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 December 7, 2020 for three months up to March 09, 2021, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise ofSikar 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 December 7, 2020 for three months up to March 09, 2021, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of
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मार्च 08, 2021Reserve Bank of India imposes monetary penalty on Walchandnagar Sahakari Bank Ltd., PuneThe Reserve Bank of India (RBI) has imposed, by an order dated March 08, 2021, a monetary penalty of Rupees Five Thousand only on Walchandnagar Sahakari Bank Ltd., Pune (the bank) for contravention of the provisions of the Credit Information Companies (Regulation) Act, 2005 (CIC Act) and RBI directions on membership of Credit Information Companies by Co-operative Banks. This penalty has been imposed in exercise of powers conferred upon RBI under the provisions of SectThe Reserve Bank of India (RBI) has imposed, by an order dated March 08, 2021, a monetary penalty of Rupees Five Thousand only on Walchandnagar Sahakari Bank Ltd., Pune (the bank) for contravention of the provisions of the Credit Information Companies (Regulation) Act, 2005 (CIC Act) and RBI directions on membership of Credit Information Companies by Co-operative Banks. This penalty has been imposed in exercise of powers conferred upon RBI under the provisions of Sect
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मार्च 04, 2021Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Shivaji Rao Bhosale Sahakari Bank Ltd., Pune, Maharashtra - Extension of PeriodReserve 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)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)
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मार्च 02, 2021Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - The Madgaum Urban Co-operative Bank Ltd., Margao, Goa - Extension of PeriodThe 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-sThe 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
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मार्च 01, 2021Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - Bidar Mahila Urban Co-operative Bank Ltd., Bidar, Karnataka - Extension of periodThe 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 BaThe 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
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फेब्रु 26, 2021Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - Rupee Co-operative Bank Ltd., Pune, Maharashtra - Extension of PeriodReserve 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-sectionReserve 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
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फेब्रु 26, 2021Primary (Urban) Co-operative Banks’ Outlook 2019-20The 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 yearThe 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
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फेब्रु 24, 2021Directions under Section 35 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Garha Co-operative Bank Ltd., GunaIt 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 nIt 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
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फेब्रु 22, 2021RBI imposes monetary penalty on Jilla Sahakari Kendriya Bank Maryadit, Sidhi, Madhya PradeshThe 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 wiThe 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
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फेब्रु 19, 2021Directions under Section 35 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Deccan Urban Co-operative Bank Ltd., VijayapurIt 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 oIt 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
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फेब्रु 15, 2021RBI announces constitution of an Expert Committee on Primary (Urban) Co-operative BanksAs 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 CommitteAs 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
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फेब्रु 10, 2021Directions under Section 35 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Independence Co-operative Bank Limited, NashikIt 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 FebruIt 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
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फेब्रु 08, 2021RBI extends Directions to The Vaish Co-operative Commercial Bank Ltd., New DelhiThe Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the Directive dated August 28, 2015 issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi, as modified from time to time, the validity of which was last extended up to February 08, 2021 shall continue to apply to the bank for a further period of three months from February 09, 2021 toThe Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the Directive dated August 28, 2015 issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi, as modified from time to time, the validity of which was last extended up to February 08, 2021 shall continue to apply to the bank for a further period of three months from February 09, 2021 to
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फेब्रु 07, 2021Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Millath Co-operative Bank Ltd., Davangere, Karnataka - Extension of PeriodThe Reserve Bank of India issued All Inclusive Directions to Millath Co-operative Bank Ltd., Davangere, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD III.D-12/12.23.096/2018-19 dated April 26, 2019, as modified from time to time, which were last extended upto February 07, 2021 vide Directive DOR.CO.AID.No.D-34/12.23.096/2020-21 dated November 03, 2020. 2. The Reserve Bank of India is satisfied that in tThe Reserve Bank of India issued All Inclusive Directions to Millath Co-operative Bank Ltd., Davangere, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD III.D-12/12.23.096/2018-19 dated April 26, 2019, as modified from time to time, which were last extended upto February 07, 2021 vide Directive DOR.CO.AID.No.D-34/12.23.096/2020-21 dated November 03, 2020. 2. The Reserve Bank of India is satisfied that in t
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फेब्रु 05, 2021Reserve Bank of India imposes monetary penalty on The Gondia District Central Co-operative Bank Limited, GondiaThe Reserve Bank of India (RBl) has, by an order dated February 05, 2021, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on The Gondia District Central Co-operative Bank Limited, Gondia (the bank) for non-compliance with certain directions issued by RBI contained in the “Master Direction - Know Your Customer (KYC) Direction, 2016”. The penalty has been imposed on the bank in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c)The Reserve Bank of India (RBl) has, by an order dated February 05, 2021, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on The Gondia District Central Co-operative Bank Limited, Gondia (the bank) for non-compliance with certain directions issued by RBI contained in the “Master Direction - Know Your Customer (KYC) Direction, 2016”. The penalty has been imposed on the bank in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c)
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फेब्रु 04, 2021Reserve Bank of India imposes monetary penalty on The Guntur Women Cooperative Urban Bank Ltd., Guntur, Andhra PradeshThe Reserve Bank of India (RBI) has, by an order dated February 03, 2021, imposed a monetary penalty of ₹5.00 lakh (Rupees five lakh only) on The Guntur Women Cooperative Urban Bank Ltd., Guntur, Andhra Pradesh (the bank) for contravention of the directions issued by RBI on prohibition of loans and advances to Directors or their relatives, income recognition and asset classification and grant of loans against security of gold jewellery. The penalty has been imposed onThe Reserve Bank of India (RBI) has, by an order dated February 03, 2021, imposed a monetary penalty of ₹5.00 lakh (Rupees five lakh only) on The Guntur Women Cooperative Urban Bank Ltd., Guntur, Andhra Pradesh (the bank) for contravention of the directions issued by RBI on prohibition of loans and advances to Directors or their relatives, income recognition and asset classification and grant of loans against security of gold jewellery. The penalty has been imposed on
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फेब्रु 03, 2021Risk Based Internal Audit (RBIA) in NBFCs/UCBsRBI had announced in the ‘Statement on Developmental and Regulatory Policies’ issued as part of the Monetary Policy Statement dated December 4, 2020 that with a view to strengthen the Internal Audit Function, which works as a third line of defence, suitable guidelines will be issued to large UCBs and NBFCs on adoption of Risk Based Internal Audit (RBIA). Accordingly, a circular on RBIA covering all deposit taking Non-Banking Financial Companies (NBFCs); all non-deposiRBI had announced in the ‘Statement on Developmental and Regulatory Policies’ issued as part of the Monetary Policy Statement dated December 4, 2020 that with a view to strengthen the Internal Audit Function, which works as a third line of defence, suitable guidelines will be issued to large UCBs and NBFCs on adoption of Risk Based Internal Audit (RBIA). Accordingly, a circular on RBIA covering all deposit taking Non-Banking Financial Companies (NBFCs); all non-deposi
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फेब्रु 03, 2021Directions under Section 35 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Sarjeraodada Naik Shirala Sahakari Bank Ltd, Shirala, Dist. Sangli, MaharashtraIt 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-1/12.07.157/2020-21 dated February 03, 2021 has issued certain Directions to Sarjeraodada Naik Shirala Sahakari Bank Ltd, Shirala, Dist. Sangli, Maharashtra, whereby, as froIt 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-1/12.07.157/2020-21 dated February 03, 2021 has issued certain Directions to Sarjeraodada Naik Shirala Sahakari Bank Ltd, Shirala, Dist. Sangli, Maharashtra, whereby, as fro
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फेब्रु 03, 2021Reserve Bank of India imposes monetary penalty on Seva Vikas Cooperative Bank Limited, PuneThe Reserve Bank of India (RBI) has, by an order dated February 02, 2021, imposed a monetary penalty of ₹55 lakh (Rupees Fifty Five lakh only) on Seva Vikas Cooperative Bank Limited, Pune (the bank) for non-compliance with certain directions issued by RBI contained in the “Master Circular - Management of Advances -UCBs” and “Master Circular - Income Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs.” The penalty has been imposed on the bThe Reserve Bank of India (RBI) has, by an order dated February 02, 2021, imposed a monetary penalty of ₹55 lakh (Rupees Fifty Five lakh only) on Seva Vikas Cooperative Bank Limited, Pune (the bank) for non-compliance with certain directions issued by RBI contained in the “Master Circular - Management of Advances -UCBs” and “Master Circular - Income Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs.” The penalty has been imposed on the b
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फेब्रु 03, 2021Reserve Bank of India imposes monetary penalty on The Kalpavruksha Co-operative Bank Limited, Chikkanayakanahalli, Tumakuru Dist. (Karnataka)The Reserve Bank of India (RBI) has, by an order dated February 2, 2021, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on The Kalpavruksha Co-operative Bank Limited (the bank) for non-compliance with certain directions issued by RBI contained in the “Master Circular on Board of Directors-UCBs”. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) of the Banking ReguThe Reserve Bank of India (RBI) has, by an order dated February 2, 2021, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on The Kalpavruksha Co-operative Bank Limited (the bank) for non-compliance with certain directions issued by RBI contained in the “Master Circular on Board of Directors-UCBs”. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) of the Banking Regu
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फेब्रु 02, 2021Reserve Bank of India imposes monetary penalty on Konnagar Samabaya Bank Limited and The Santragachi Co-operative Bank LimitedThe Reserve Bank of India (RBI) has, by orders dated January 29, 2021 imposed monetary penalties on the following co-operative banks for contravention of/non-compliance with the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”: Sl. No. Name of the Bank Penalty Amount (₹ In lakh) 1 Konnagar Samabaya Bank Limited, Hoogly, West Bengal 2.00 2 The Santragachi Co-operative Bank Limited, Howrah, West Bengal 2.00 The penalties have been imposThe Reserve Bank of India (RBI) has, by orders dated January 29, 2021 imposed monetary penalties on the following co-operative banks for contravention of/non-compliance with the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”: Sl. No. Name of the Bank Penalty Amount (₹ In lakh) 1 Konnagar Samabaya Bank Limited, Hoogly, West Bengal 2.00 2 The Santragachi Co-operative Bank Limited, Howrah, West Bengal 2.00 The penalties have been impos
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जाने 30, 2021Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - The Kapol Co-operative Bank Ltd. Mumbai, Maharashtra - Extension of PeriodReserve Bank of India vide directive DCBS.CO.BSD-I./D-9/12.22.111/2016-17 dated March 30, 2017 had placed the 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 January 31, 2021. 2. It is hereby notified for the information of the public that, Reserve Bank of India, in exercise of powers vested iReserve Bank of India vide directive DCBS.CO.BSD-I./D-9/12.22.111/2016-17 dated March 30, 2017 had placed the 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 January 31, 2021. 2. It is hereby notified for the information of the public that, Reserve Bank of India, in exercise of powers vested i
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जाने 29, 2021Reserve Bank of India cancels the licence of Shivam Sahakari Bank Ltd, Ichalkaranji, Kolhapur, MaharashtraToday, the Reserve Bank of India (RBI) has, vide order dated January 28, 2021 cancelled the licence of Shivam Sahakari Bank Ltd, Ichalkaranji, Kolhapur, Maharashtra. Consequently, the bank ceases to carry on banking business, with effect from the close of business on January 29, 2021. 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 baToday, the Reserve Bank of India (RBI) has, vide order dated January 28, 2021 cancelled the licence of Shivam Sahakari Bank Ltd, Ichalkaranji, Kolhapur, Maharashtra. Consequently, the bank ceases to carry on banking business, with effect from the close of business on January 29, 2021. 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 ba
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जाने 19, 2021Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - United Co-operative Bank Limited, Bagnan Station Road (North), P.O. - Bagnan, Dist- Howrah, West Bengal - Extension of PeriodReserve Bank of India, in public interest, had issued Directions to United Co-operative Bank Limited, Bagnan, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on July 18, 2018, as modified from time to time which was last extended upto January 18, 2021. Reserve Bank of India has now, in public interest, further extended the Directions for aReserve Bank of India, in public interest, had issued Directions to United Co-operative Bank Limited, Bagnan, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on July 18, 2018, as modified from time to time which was last extended upto January 18, 2021. Reserve Bank of India has now, in public interest, further extended the Directions for a
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जाने 15, 2021Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, (AACS) - Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud, Distt. Amravati, Maharashtra - Extension of PeriodReserve Bank of India, in the public interest, had issued directions to Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud, Distt. Amravati, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on January 17, 2019. These directions were modified from time to time, the validity of which was last extended upto January 17, 2021. These shall continReserve Bank of India, in the public interest, had issued directions to Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud, Distt. Amravati, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on January 17, 2019. These directions were modified from time to time, the validity of which was last extended upto January 17, 2021. These shall contin
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जाने 15, 2021Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - The City Co-operative Bank Ltd., Mumbai, Maharashtra - Extension of PeriodReserve Bank of India vide directive DCBS.CO.BSD-1/D-5/12.22.039/2017-18 dated April 17, 2018 had placed the The City Co-operative Bank Ltd., Mumbai, Maharashtra under Directions from the close of business on April 17, 2018 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to January 16, 2021. 2. It is hereby notified for the information of the public that, Reserve Bank of India, in exercise of powers vested iReserve Bank of India vide directive DCBS.CO.BSD-1/D-5/12.22.039/2017-18 dated April 17, 2018 had placed the The City Co-operative Bank Ltd., Mumbai, Maharashtra under Directions from the close of business on April 17, 2018 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to January 16, 2021. 2. It is hereby notified for the information of the public that, Reserve Bank of India, in exercise of powers vested i
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जाने 13, 2021Reserve Bank of India imposes monetary penalty on The Mandvi Mercantile Co-operative Bank Ltd., Mandvi, Dist. Kutch (Gujarat)The Reserve Bank of India (RBI) has imposed, by an order dated January 13, 2021, a monetary penalty of ₹1 lakh on The Mandvi Mercantile Co-operative Bank Ltd., Mandvi, Dist. Kutch (Gujarat) (the bank) for contravention of RBI directions on ‘Loans and Advances to Directors, Relatives and Firms/Concerns in which they are Interested’ and ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of powThe Reserve Bank of India (RBI) has imposed, by an order dated January 13, 2021, a monetary penalty of ₹1 lakh on The Mandvi Mercantile Co-operative Bank Ltd., Mandvi, Dist. Kutch (Gujarat) (the bank) for contravention of RBI directions on ‘Loans and Advances to Directors, Relatives and Firms/Concerns in which they are Interested’ and ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of pow
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जाने 13, 2021Reserve Bank of India imposes monetary penalty on Alavi Co-operative Bank Ltd., Vadodara (Gujarat)The Reserve Bank of India (RBI) has imposed, by an order dated January 13, 2021, a monetary penalty of ₹0.50 lakh on Alavi Co-operative Bank Ltd., Vadodara (Gujarat) (the bank) for contravention of RBI directions on ‘Loans and Advances to Directors, Relatives and Firms/Concerns in which they are Interested’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of theThe Reserve Bank of India (RBI) has imposed, by an order dated January 13, 2021, a monetary penalty of ₹0.50 lakh on Alavi Co-operative Bank Ltd., Vadodara (Gujarat) (the bank) for contravention of RBI directions on ‘Loans and Advances to Directors, Relatives and Firms/Concerns in which they are Interested’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the
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जाने 11, 2021Reserve Bank of India cancels the licence of Vasantdada Nagari Sahakari Bank Ltd., Osmanabad, MaharashtraThe Reserve Bank of India (RBI) has, vide order dated January 08, 2021 cancelled the licence of Vasantdada Nagari Sahakari Bank Ltd., Osmanabad, Maharashtra to carry on banking business, with effect from the close of business on January 11, 2021. The Commissioner for Cooperation and Registrar of Cooperative Societies (RCS), 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 thThe Reserve Bank of India (RBI) has, vide order dated January 08, 2021 cancelled the licence of Vasantdada Nagari Sahakari Bank Ltd., Osmanabad, Maharashtra to carry on banking business, with effect from the close of business on January 11, 2021. The Commissioner for Cooperation and Registrar of Cooperative Societies (RCS), 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 th
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जाने 11, 2021Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - Kolikata Mahila Co-operative Bank Limited, Kolkata - Extension of Period of DirectionsReserve Bank of India, in public interest, had issued Directions to Kolikata Mahila Co-operative Bank Limited, 8D Krishna Laha Lane, Kolkata - 700012, West Bengal in exercise of its 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 July 09, 2019 as modified from time to time which was last extended upto January 09, 2021. Reserve Bank of India has now, in public intereReserve Bank of India, in public interest, had issued Directions to Kolikata Mahila Co-operative Bank Limited, 8D Krishna Laha Lane, Kolkata - 700012, West Bengal in exercise of its 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 July 09, 2019 as modified from time to time which was last extended upto January 09, 2021. Reserve Bank of India has now, in public intere
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जाने 10, 2021Directions u/s 35A read with section 56 of the Banking Regulation Act, 1949 - Sri Guru Raghavendra Sahakari Bank Niyamitha., Bengaluru - Extension of PeriodThe Reserve Bank of India issued Directions to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DOS.CO.UCB.BSD-III/D-2/12.23.283/2019-20 dated January 02, 2020, the validity of which was extended from time to time, last been vide Directive DOR.AID.No.D-02/12.23.283/2020-21 dated July 07, 2020 upto January 10, 2021. 2. The Reserve Bank of India is satisfied thatThe Reserve Bank of India issued Directions to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DOS.CO.UCB.BSD-III/D-2/12.23.283/2019-20 dated January 02, 2020, the validity of which was extended from time to time, last been vide Directive DOR.AID.No.D-02/12.23.283/2020-21 dated July 07, 2020 upto January 10, 2021. 2. The Reserve Bank of India is satisfied that
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जाने 05, 2021Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - Youth Development Cooperative Bank Ltd., Kolhapur, Maharashtra - Extension of PeriodReserve Bank of India vide directive DCBS.CO.BSD-I/D-6/12.22.311/2018-19 dated January 04, 2019 had placed the Youth Development Cooperative Bank Limited, Kolhapur, Maharashtra under Directions from the close of business on January 05, 2019 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to January 05, 2021. It is hereby notified for the information of the public that, Reserve Bank of India, in exercise of pReserve Bank of India vide directive DCBS.CO.BSD-I/D-6/12.22.311/2018-19 dated January 04, 2019 had placed the Youth Development Cooperative Bank Limited, Kolhapur, Maharashtra under Directions from the close of business on January 05, 2019 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to January 05, 2021. It is hereby notified for the information of the public that, Reserve Bank of India, in exercise of p
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जाने 04, 2021Reserve Bank of India imposes monetary penalty on Maharashtra Nagari Sahakari Bank Maryadit, LaturThe Reserve Bank of India (RBl) has imposed, by an order dated January 04, 2021 a monetary penalty of ₹2.00 lakh on Maharashtra Nagari Sahakari Bank Maryadit, Latur (the bank) for non-compliance with directions issued by RBI on Know Your Customer (KYC). The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and section 56 of the Banking Regulation Act, 1949, taking into account the faiThe Reserve Bank of India (RBl) has imposed, by an order dated January 04, 2021 a monetary penalty of ₹2.00 lakh on Maharashtra Nagari Sahakari Bank Maryadit, Latur (the bank) for non-compliance with directions issued by RBI on Know Your Customer (KYC). The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and section 56 of the Banking Regulation Act, 1949, taking into account the fai
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जाने 04, 2021Reserve Bank of India imposes monetary penalty on Vyavasayik Sahakari Bank Maryadit, RaipurThe Reserve Bank of India (RBl) has imposed, by an order dated January 04, 2021 a monetary penalty of ₹5.00 lakh on Vyavasayik Sahakari Bank Maryadit, Raipur (the bank) for non-compliance with directions issued by RBI on opening of On-site ATM and Know Your Customer (KYC). The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and section 56 of the Banking Regulation Act, 1949, takingThe Reserve Bank of India (RBl) has imposed, by an order dated January 04, 2021 a monetary penalty of ₹5.00 lakh on Vyavasayik Sahakari Bank Maryadit, Raipur (the bank) for non-compliance with directions issued by RBI on opening of On-site ATM and Know Your Customer (KYC). The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and section 56 of the Banking Regulation Act, 1949, taking
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डिसें 31, 2020Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - Maratha Sahakari Bank Ltd., Mumbai, Maharashtra - Extension of PeriodThe Reserve Bank of India vide directive DCBS.CO.BSD-1/D-4/12.22.141/2016-17 dated August 31, 2016 had placed the Maratha Sahakari Bank Ltd., 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 December 31, 2020. 2. It is hereby notified for the information of the public that the Reserve Bank of India, in exercise of powers vesThe Reserve Bank of India vide directive DCBS.CO.BSD-1/D-4/12.22.141/2016-17 dated August 31, 2016 had placed the Maratha Sahakari Bank Ltd., 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 December 31, 2020. 2. It is hereby notified for the information of the public that the Reserve Bank of India, in exercise of powers ves
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डिसें 31, 2020Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949, (AACS) - Vasantdada Nagari Sahakari Bank Ltd Dist. Osmanabad, Maharashtra-Extension of periodReserve Bank of India, in the public interest, had issued directions to Vasantdada Nagari Sahakari Bank Ltd Dist. Osmanabad, 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 November 13, 2017. These directions were modified from time to time, the validity of which was last extended upto December 31, 2020. These directions shall continue toReserve Bank of India, in the public interest, had issued directions to Vasantdada Nagari Sahakari Bank Ltd Dist. Osmanabad, 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 November 13, 2017. These directions were modified from time to time, the validity of which was last extended upto December 31, 2020. These directions shall continue to
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डिसें 24, 2020RBI cancels the Licence of the Subhadra Local Area Bank Ltd., Kolhapur, MaharashtraThe Reserve Bank of India (RBI) has, vide order dated December 24, 2020 cancelled the banking licence issued to Subhadra Local Area Bank Ltd., Kolhapur, Maharashtra under Section 22 (4) of the Banking Regulation Act, 1949 to carry on banking business in India. The order is made effective from close of business on December 24, 2020. The Reserve Bank cancelled the licence of the Subhadra Local Area Bank Ltd as: the affairs of the Subhadra Local Area Bank Ltd. were conduThe Reserve Bank of India (RBI) has, vide order dated December 24, 2020 cancelled the banking licence issued to Subhadra Local Area Bank Ltd., Kolhapur, Maharashtra under Section 22 (4) of the Banking Regulation Act, 1949 to carry on banking business in India. The order is made effective from close of business on December 24, 2020. The Reserve Bank cancelled the licence of the Subhadra Local Area Bank Ltd as: the affairs of the Subhadra Local Area Bank Ltd. were condu
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डिसें 24, 2020Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - Shri Anand Co-operative Bank Limited, Chinchwad, Pune, Maharashtra - Extension of PeriodThe Reserve Bank of India vide directive DCBS.CO.BSD-I/D-16/12.22.474/2018-19 dated June 21, 2019 had placed the Shri Anand Co-operative Bank Limited, Chinchwad, Pune, Maharashtra under Directions from the close of business on June 25, 2019 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to December 24, 2020. It is hereby notified for the information of the public that, the Reserve Bank of India, in exerciseThe Reserve Bank of India vide directive DCBS.CO.BSD-I/D-16/12.22.474/2018-19 dated June 21, 2019 had placed the Shri Anand Co-operative Bank Limited, Chinchwad, Pune, Maharashtra under Directions from the close of business on June 25, 2019 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to December 24, 2020. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise
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डिसें 18, 2020Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - Punjab and Maharashtra Cooperative Bank Limited, Mumbai, Maharashtra - extension of validity period of DirectionsPunjab and Maharashtra Cooperative Bank Limited, Mumbai, Maharashtra, a Multi-State Urban Cooperative Bank was placed under All-Inclusive Directions under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 with effect from close of business on September 23, 2019 vide Directive DCBS.CO.BSD-I/D-1/12.22.183/2019-20 dated September 23, 2019, in the interest of depositor protection. The directions were last extended vide Directive datePunjab and Maharashtra Cooperative Bank Limited, Mumbai, Maharashtra, a Multi-State Urban Cooperative Bank was placed under All-Inclusive Directions under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 with effect from close of business on September 23, 2019 vide Directive DCBS.CO.BSD-I/D-1/12.22.183/2019-20 dated September 23, 2019, in the interest of depositor protection. The directions were last extended vide Directive date
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डिसें 17, 2020Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - Padmashri Dr. Vitthalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra - Extension of PeriodReserve Bank of India, in the public interest, had issued directions to Padmashri Dr. Vitthalrao 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 upto December 17, 2020. These directions shall cReserve Bank of India, in the public interest, had issued directions to Padmashri Dr. Vitthalrao 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 upto December 17, 2020. These directions shall c
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डिसें 15, 2020Reserve Bank of India imposes monetary penalty on The Urban Co-operative Bank Ltd. No.1758, Perinthalmanna, Malappuram District, KeralaThe Reserve Bank of India (RBI) has imposed, by an order dated December 11, 2020, a monetary penalty of ₹50.00 lakh (Rupees fifty lakh only) on The Urban Co-operative Bank Ltd. No. 1758, Perinthalmanna, (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms and on Management of Advances-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) reThe Reserve Bank of India (RBI) has imposed, by an order dated December 11, 2020, a monetary penalty of ₹50.00 lakh (Rupees fifty lakh only) on The Urban Co-operative Bank Ltd. No. 1758, Perinthalmanna, (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms and on Management of Advances-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) re
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डिसें 15, 2020Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - Karnala Nagri Sahakari Bank Ltd., Panvel, Raigad, Maharashtra- Extension of PeriodThe Reserve Bank of India vide directive DoS.CO.UCBs-West/D-1/12.07.157/2019-20 dated June 15, 2020 had placed the Karnala Nagri Sahakari Bank Ltd., Panvel, Raigad, Maharashtra under Directions from the close of business on June 15, 2020 for a period of six months. 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 35 A read with Section 56 of the Banking RegulThe Reserve Bank of India vide directive DoS.CO.UCBs-West/D-1/12.07.157/2019-20 dated June 15, 2020 had placed the Karnala Nagri Sahakari Bank Ltd., Panvel, Raigad, Maharashtra under Directions from the close of business on June 15, 2020 for a period of six months. 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 35 A read with Section 56 of the Banking Regul
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डिसें 14, 2020Directions under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd., Nilanga, Distt. Latur, Maharashtra - Extension of PeriodReserve Bank of India, in the public interest, had issued directions to Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd., Nilanga, Distt. Latur, 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 February 16, 2019. These directions were modified from time to time, the validity of which was last extended upto December 14, 2020. TheReserve Bank of India, in the public interest, had issued directions to Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd., Nilanga, Distt. Latur, 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 February 16, 2019. These directions were modified from time to time, the validity of which was last extended upto December 14, 2020. The
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डिसें 11, 2020U.P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow (Uttar Pradesh)- Withdrawal of Directions issued by the Reserve Bank of IndiaThe Reserve Bank of India (RBI) had issued directions under Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) to U.P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow, Uttar Pradesh vide directive dated September 19, 2018. Directions imposed were extended and modified from time to time, last such extension being up to December 25, 2020 vide Directive DOR.CO.AID.No.D-22/12.28.029/2020-21 dated September 18, 2020. ReserveThe Reserve Bank of India (RBI) had issued directions under Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) to U.P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow, Uttar Pradesh vide directive dated September 19, 2018. Directions imposed were extended and modified from time to time, last such extension being up to December 25, 2020 vide Directive DOR.CO.AID.No.D-22/12.28.029/2020-21 dated September 18, 2020. Reserve
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डिसें 11, 2020RBI extends validity of the Directions issued to the People’s Co-operative Bank Ltd., Kanpur (Uttar Pradesh)The Reserve Bank of India (RBI) has extended the Directions issued to the People’s Co-operative Bank Ltd., Kanpur for a period of six months from December 11, 2020 to June 10, 2021, subject to review. The bank has been under directions since June 10, 2020 vide directive DoS.CO.UCBs-North/D-1/12.28.059/2019-20 dated June 09, 2020 issued under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). The validity of the directive, which was issued up toThe Reserve Bank of India (RBI) has extended the Directions issued to the People’s Co-operative Bank Ltd., Kanpur for a period of six months from December 11, 2020 to June 10, 2021, subject to review. The bank has been under directions since June 10, 2020 vide directive DoS.CO.UCBs-North/D-1/12.28.059/2019-20 dated June 09, 2020 issued under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). The validity of the directive, which was issued up to
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डिसें 10, 2020Directions under Section 35 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Sikar Urban Co-operative Bank Ltd, Sikar, Rajasthan- Extension of validity (Revised)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 September 3, 2020 for three months up to December 9, 2020, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exerciseSikar 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 September 3, 2020 for three months up to December 9, 2020, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise
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डिसें 08, 2020Reserve Bank of India cancels the licence of The Karad Janata Sahakari Bank Ltd., Karad, MaharashtraThe Reserve Bank of India (RBI) has, vide order dated December 7, 2020 cancelled the licence of The Karad Janata Sahakari Bank Ltd., Karad, Maharashtra to carry on banking business, with effect from from the close of business on December 7, 2020. The bank was under All Inclusive Directions since November 07, 2017. The Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and aThe Reserve Bank of India (RBI) has, vide order dated December 7, 2020 cancelled the licence of The Karad Janata Sahakari Bank Ltd., Karad, Maharashtra to carry on banking business, with effect from from the close of business on December 7, 2020. The bank was under All Inclusive Directions since November 07, 2017. The Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and a
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डिसें 07, 2020Directions under Section 35 A read with Section 56 of the BR Act 1949 (AACS)- The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala- Extension of periodThe Reserve Bank of India issued Directions to The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala under Section 35 A read with Section 56 of the BR 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 9, 2018 for a period of six months, which were extended from time to time, last being up to December 09, 2020 vide the Directive DOR.CO.AID/No.D-12/12.26.004/2020-21dated August 04, 2020. The ReseThe Reserve Bank of India issued Directions to The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala under Section 35 A read with Section 56 of the BR 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 9, 2018 for a period of six months, which were extended from time to time, last being up to December 09, 2020 vide the Directive DOR.CO.AID/No.D-12/12.26.004/2020-21dated August 04, 2020. The Rese
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डिसें 04, 2020Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - Shivaji Rao Bhosale Sahakari Bank Ltd., Pune, Maharashtra- Extension of periodShivaji Rao Bhosale Sahakari Bank Ltd., Pune, Maharashtra, was placed under directions from close of business on May 04, 2019, vide Directive DCBS.CO.BSD-I/D-14/12.22.254/2018-19 dated May 03, 2019, for a period of six months. The validity of the directions was last extended up to December 04, 2020 vide our Directive DOR.CO.AID./No.D-24/12.22.254/2020-21 dated September 30, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of IndiShivaji Rao Bhosale Sahakari Bank Ltd., Pune, Maharashtra, was placed under directions from close of business on May 04, 2019, vide Directive DCBS.CO.BSD-I/D-14/12.22.254/2018-19 dated May 03, 2019, for a period of six months. The validity of the directions was last extended up to December 04, 2020 vide our Directive DOR.CO.AID./No.D-24/12.22.254/2020-21 dated September 30, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of Indi
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डिसें 04, 2020Reserve Bank of India imposes monetary penalty on: 1) The Berhampur Co-operative Urban Bank Ltd. 2) The Boral Union Co-operative Bank Ltd. and 3) The Khatra People’s Co-operative Bank Ltd.The Reserve Bank of India (RBI) has imposed monetary penalties on the following co-operative banks for contravention of/non-compliance with the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”. Sl. Name of the Bank Penalty Amount (₹ In lakh) Order Date 1 The Berhampur Co-operative Urban Bank Ltd. (Odisha) 2.00 December 03, 2020 2 The Boral Union Co-operative Bank Ltd. (West Bengal) 2.00 December 03, 2020 3 Khatra People’s Co-operativeThe Reserve Bank of India (RBI) has imposed monetary penalties on the following co-operative banks for contravention of/non-compliance with the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”. Sl. Name of the Bank Penalty Amount (₹ In lakh) Order Date 1 The Berhampur Co-operative Urban Bank Ltd. (Odisha) 2.00 December 03, 2020 2 The Boral Union Co-operative Bank Ltd. (West Bengal) 2.00 December 03, 2020 3 Khatra People’s Co-operative
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डिसें 01, 2020Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - The Madgaum Urban Co-operative Bank Ltd., Margao, Goa - Extension of PeriodThe 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 July 27, 2020 up to December 02, 2020. 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-seThe 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 July 27, 2020 up to December 02, 2020. 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
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डिसें 01, 2020Reserve Bank of India imposes monetary penalty on The Karad Urban Co-operative Bank Ltd.The Reserve Bank of India (RBI) has imposed, by an order dated December 1, 2020, a monetary penalty of ₹10 lakh (Rupees Ten lakh only) on The Karad Urban Co-operative Bank Ltd. (the bank) for contravention of certain directions issued by RBI under the Supervisory Action Framework. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Banking Regulation Act, 1949, takiThe Reserve Bank of India (RBI) has imposed, by an order dated December 1, 2020, a monetary penalty of ₹10 lakh (Rupees Ten lakh only) on The Karad Urban Co-operative Bank Ltd. (the bank) for contravention of certain directions issued by RBI under the Supervisory Action Framework. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Banking Regulation Act, 1949, taki
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नोव्हें 26, 2020Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Rupee Co-operative Bank Ltd., Pune, Maharashtra - Extension of PeriodThe Reserve Bank of India vide directive UBD.CO.BSD I/D-28/12.22.218/2012-13 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 November 30, 2020. 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-seThe Reserve Bank of India vide directive UBD.CO.BSD I/D-28/12.22.218/2012-13 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 November 30, 2020. 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
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नोव्हें 17, 2020Directions under Section 35 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Mantha Urban Cooperative Bank Ltd., Mantha District: Jalna, MaharashtraIt 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) has issued certain Directions to Mantha Urban Cooperative Bank Ltd., Mantha District: Jalna, Maharashtra, whereby, as from the close of business on November 17, 2020, the aforesaid bank shall not, without prior approIt 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) has issued certain Directions to Mantha Urban Cooperative Bank Ltd., Mantha District: Jalna, Maharashtra, whereby, as from the close of business on November 17, 2020, the aforesaid bank shall not, without prior appro
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नोव्हें 17, 2020Reserve Bank of India imposes monetary penalty on Shushruti Souharda Sahakara Bank Niyamita, Bengaluru, KarnatakaThe Reserve Bank of India (RBI) has imposed, by an order dated November 16, 2020, a monetary penalty of ₹ 20.00 lakh (Rupees twenty lakh only) on Shushruti Souharda Sahakara Bank Niyamita (the bank) for non-compliance with certain provisions of the directions issued by RBI, contained in the circular on Income Recognition, Asset Classification provisioning and other related Matters-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisThe Reserve Bank of India (RBI) has imposed, by an order dated November 16, 2020, a monetary penalty of ₹ 20.00 lakh (Rupees twenty lakh only) on Shushruti Souharda Sahakara Bank Niyamita (the bank) for non-compliance with certain provisions of the directions issued by RBI, contained in the circular on Income Recognition, Asset Classification provisioning and other related Matters-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provis
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नोव्हें 17, 2020Reserve Bank of India imposes monetary penalty on The Deccan Urban Co-Operative Bank Limited, Vijayapura, KarnatakaThe Reserve Bank of India (RBI) has imposed, by an order dated November 16, 2020, a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on The Deccan Urban Co-operative Bank Limited, Vijayapura (the bank) for contravention of the directions issued by RBI on prohibition of loans and advances to Directors. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the BaThe Reserve Bank of India (RBI) has imposed, by an order dated November 16, 2020, a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on The Deccan Urban Co-operative Bank Limited, Vijayapura (the bank) for contravention of the directions issued by RBI on prohibition of loans and advances to Directors. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Ba
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नोव्हें 06, 2020Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Millath Co-operative Bank Ltd., Devangere, Karnataka - Extension of PeriodThe Reserve Bank of India issued All Inclusive Directions to Millath Co-operative Bank Ltd., Devangere, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD III.D-12/12.23.096/2018-19 dated April 26, 2019, as modified from time to time, which was last extended upto November 7, 2020 vide Directive DOR.CO.AID.No.D-78/12.23.096/2019-20 dated April 27, 2020. 2. The Reserve Bank of India is satisfied that in the puThe Reserve Bank of India issued All Inclusive Directions to Millath Co-operative Bank Ltd., Devangere, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD III.D-12/12.23.096/2018-19 dated April 26, 2019, as modified from time to time, which was last extended upto November 7, 2020 vide Directive DOR.CO.AID.No.D-78/12.23.096/2019-20 dated April 27, 2020. 2. The Reserve Bank of India is satisfied that in the pu
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नोव्हें 04, 2020Reserve Bank of India imposes monetary penalty on Millath Co-operative Bank, Davangere, KarnatakaThe Reserve Bank of India (RBI) has imposed, by an order dated November 3, 2020, a monetary penalty of ₹10.00 lakh (Rupees ten lakh only) on Millath Co-operative Bank for non-adherence / violation of All Inclusive Directions and other directions imposed on the bank. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act, 1949, taking into aThe Reserve Bank of India (RBI) has imposed, by an order dated November 3, 2020, a monetary penalty of ₹10.00 lakh (Rupees ten lakh only) on Millath Co-operative Bank for non-adherence / violation of All Inclusive Directions and other directions imposed on the bank. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act, 1949, taking into a
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नोव्हें 04, 2020Reserve Bank of India imposes monetary penalty on The Thiruvaikuntam Co-Operative Urban Bank Limited, Thoothukudi District, Tamil NaduThe Reserve Bank of India (RBI) has imposed, by an order dated November 3, 2020, a monetary penalty of ₹5.00 lakh (Rupees five lakh only) on The Thiruvaikuntam Co-operative Urban Bank Limited (the bank) for contravention of the directions issued by RBI on prohibition of loans and advances to Directors. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the BankinThe Reserve Bank of India (RBI) has imposed, by an order dated November 3, 2020, a monetary penalty of ₹5.00 lakh (Rupees five lakh only) on The Thiruvaikuntam Co-operative Urban Bank Limited (the bank) for contravention of the directions issued by RBI on prohibition of loans and advances to Directors. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Bankin
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ऑक्टो 29, 2020Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - Shivam Sahakari Bank Ltd, Ichalkaranji, Kolhapur, Maharashtra - Extension of periodShivam Sahakari Bank Ltd, Ichalkaranji, Kolhapur, Maharashtra was placed under directions vide directive DCBS.CO.BSD-I/D-6/12.22.351/2017-18 dated May 18, 2018 from the close of business on May 19, 2018 for a period of six months. The validity of the directions was last extended up to October 31, 2020 vide our Directive DOR.CO.AID/D- 5/12.22.351/2020-21 dated July 24, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, inShivam Sahakari Bank Ltd, Ichalkaranji, Kolhapur, Maharashtra was placed under directions vide directive DCBS.CO.BSD-I/D-6/12.22.351/2017-18 dated May 18, 2018 from the close of business on May 19, 2018 for a period of six months. The validity of the directions was last extended up to October 31, 2020 vide our Directive DOR.CO.AID/D- 5/12.22.351/2020-21 dated July 24, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in
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ऑक्टो 29, 2020Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - The Needs of Life Co-op. Bank Ltd Mumbai, Maharashtra - Extension of periodThe Needs of Life Co-op. Bank Ltd, Mumbai was placed under directions vide directive DCBS.CO.BSD-I/D-3/12.22.163/2018-19 dated October 26, 2018 from the close of business on October 29, 2018 for a period of six months. The validity of the directions was last extended up to October 31, 2020 vide our DOR.CO.AID/No.D-76/12.22.160/2019-20 dated April 24, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powersThe Needs of Life Co-op. Bank Ltd, Mumbai was placed under directions vide directive DCBS.CO.BSD-I/D-3/12.22.163/2018-19 dated October 26, 2018 from the close of business on October 29, 2018 for a period of six months. The validity of the directions was last extended up to October 31, 2020 vide our DOR.CO.AID/No.D-76/12.22.160/2019-20 dated April 24, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers
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ऑक्टो 19, 2020Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - United Cooperative Bank Limited, Bagnan Station Road (North), P.O. - Bagnan, Dist- Howrah, Pin - 711 303, West Bengal - Extension of PeriodReserve Bank of India, in public interest, had issued Directions to United Co-operative Bank Limited, Bagnan, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on July 18, 2018, as modified from time to time which was last extended upto October 18, 2020. Reserve Bank of India has now, in public interest, further extended the Directions for aReserve Bank of India, in public interest, had issued Directions to United Co-operative Bank Limited, Bagnan, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on July 18, 2018, as modified from time to time which was last extended upto October 18, 2020. Reserve Bank of India has now, in public interest, further extended the Directions for a
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ऑक्टो 15, 2020Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) -The City Co-operative Bank Ltd., Mumbai, Maharashtra- Extension of periodThe City Co-operative Bank Ltd., Mumbai was placed under directions vide directive DCBS.CO.BSD-1/D-5/12.22.039/2017-18 dated April 17, 2018 from the close of business on April 17, 2018 for a period of six months. The validity of the directions was last extended up to October 16, 2020 vide our Directive DOR.CO.AID.No.D-3/12.22.039/2020-21 dated July 10, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of poweThe City Co-operative Bank Ltd., Mumbai was placed under directions vide directive DCBS.CO.BSD-1/D-5/12.22.039/2017-18 dated April 17, 2018 from the close of business on April 17, 2018 for a period of six months. The validity of the directions was last extended up to October 16, 2020 vide our Directive DOR.CO.AID.No.D-3/12.22.039/2020-21 dated July 10, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powe
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ऑक्टो 15, 2020Directions under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd., Nilanga, Distt. Latur, Maharashtra - Extension of PeriodReserve Bank of India, in the public interest, had issued directions to Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd., Nilanga, Distt. Latur, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on February 16, 2019. These directions were modified from time to time, the validity of which was last extended upto October 14, 2020. TheseReserve Bank of India, in the public interest, had issued directions to Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd., Nilanga, Distt. Latur, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on February 16, 2019. These directions were modified from time to time, the validity of which was last extended upto October 14, 2020. These
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ऑक्टो 15, 2020Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, (AACS) - Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud, Distt. Amravati, Maharashtra - Extension of PeriodReserve Bank of India, in the public interest, had issued directions to Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud, Distt. Amravati, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on January 17, 2019. These directions were modified from time to time, the validity of which was last extended upto October 17, 2020. These shall continReserve Bank of India, in the public interest, had issued directions to Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud, Distt. Amravati, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on January 17, 2019. These directions were modified from time to time, the validity of which was last extended upto October 17, 2020. These shall contin
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ऑक्टो 09, 2020Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - Kolikata Mahila Co-operative Bank Limited, 8D Krishna Laha Lane, Kolkata - 700012, West Bengal - Extension of Period of DirectionsReserve Bank of India, in public interest, had issued Directions to Kolikata Mahila Co-operative Bank Limited, Kolkata, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on July 09, 2019 as modified from time to time which was last extended upto October 09, 2020. Reserve Bank of India has now, in public interest, further extended the DirectiReserve Bank of India, in public interest, had issued Directions to Kolikata Mahila Co-operative Bank Limited, Kolkata, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on July 09, 2019 as modified from time to time which was last extended upto October 09, 2020. Reserve Bank of India has now, in public interest, further extended the Directi
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ऑक्टो 07, 2020Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - The Mudhol Co-operative Bank Limited, Dist- Bagalkot, Karnataka - Extension of periodThe Reserve Bank of India issued All Inclusive Directions to The Mudhol Co-Operative Bank Limited, Dist- Bagalkot, Karnataka, under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD-III.D-11/12.23.094/2018-19 dated April 2, 2019, as modified from time to time, which were last extended up to October 7, 2020 vide Directive DOR.CO.AID.No.D-94/12.23.094/2019-20, dated June 29, 2020. 2. The Reserve Bank of India is satisfied thThe Reserve Bank of India issued All Inclusive Directions to The Mudhol Co-Operative Bank Limited, Dist- Bagalkot, Karnataka, under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD-III.D-11/12.23.094/2018-19 dated April 2, 2019, as modified from time to time, which were last extended up to October 7, 2020 vide Directive DOR.CO.AID.No.D-94/12.23.094/2019-20, dated June 29, 2020. 2. The Reserve Bank of India is satisfied th
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ऑक्टो 03, 2020Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Shivaji Rao Bhosale Sahakari Bank Ltd., Pune, Maharashtra- Extension of periodShivaji Rao Bhosale Sahakari Bank Ltd., Pune, Maharashtra, was placed under directions from close of business on May 04, 2019, vide Directive DCBS.CO.BSD-I/D-14/12.22.254/2018-19 dated May 03, 2019, for a period of six months. The validity of the directions was last extended up to October 04, 2020 vide our Directive DOR.CO.AID./No. D-10/12.22.254/2020-21 dated July 31, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, inShivaji Rao Bhosale Sahakari Bank Ltd., Pune, Maharashtra, was placed under directions from close of business on May 04, 2019, vide Directive DCBS.CO.BSD-I/D-14/12.22.254/2018-19 dated May 03, 2019, for a period of six months. The validity of the directions was last extended up to October 04, 2020 vide our Directive DOR.CO.AID./No. D-10/12.22.254/2020-21 dated July 31, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in
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सप्टें 30, 2020Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, (AACS) - Vasantdada Nagari Sahakari Bank Ltd Dist. Osmanabad, Maharashtra-Extension of periodReserve Bank of India, in the public interest, had issued directions to Vasantdada Nagari Sahakari Bank Ltd., Osmanabad, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on November 13, 2017. These directions were modified from time to time, the validity of which was last extended upto September 30, 2020. These shall continue to apply to the baReserve Bank of India, in the public interest, had issued directions to Vasantdada Nagari Sahakari Bank Ltd., Osmanabad, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on November 13, 2017. These directions were modified from time to time, the validity of which was last extended upto September 30, 2020. These shall continue to apply to the ba
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सप्टें 26, 2020Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - U. P. Civil Secretariat Primary Co-operative Bank Ltd., LucknowThe Reserve Bank of India (RBI) has extended the Directions issued to the U. P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow for a further period of three months from September 26, 2020 to December 25, 2020, subject to review. The bank has been under directions since September 25, 2018 vide directive DCBS.CO.BSD-IV/D-1/12.28.029/2018-19 dated September 19, 2018 issued under Sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 (AACS). The vaThe Reserve Bank of India (RBI) has extended the Directions issued to the U. P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow for a further period of three months from September 26, 2020 to December 25, 2020, subject to review. The bank has been under directions since September 25, 2018 vide directive DCBS.CO.BSD-IV/D-1/12.28.029/2018-19 dated September 19, 2018 issued under Sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 (AACS). The va
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सप्टें 25, 2020Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - Hindu Cooperative Bank Ltd., Pathankot, Punjab - Extension of PeriodReserve Bank of India, in the public interest, had issued Directions to Hindu Co-operative Bank Ltd., Pathankot, Punjab 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 March 25, 2019. These Directions were modified from time to time, the validity of which was last extended up to September 24, 2020. These Directives shall continue to apply to the bankReserve Bank of India, in the public interest, had issued Directions to Hindu Co-operative Bank Ltd., Pathankot, Punjab 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 March 25, 2019. These Directions were modified from time to time, the validity of which was last extended up to September 24, 2020. These Directives shall continue to apply to the bank
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सप्टें 24, 2020Reserve Bank of India imposes monetary penalty on Sri Satya Sai Nagrik Sahakari Bank Maryadit, BhopalThe Reserve Bank of India (RBl) has imposed, by an order dated September 23, 2020 a monetary penalty of ₹0.50 lakh on Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (the bank) for non-compliance with directions issued by RBI on director related loans. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and section 56 of the Banking Regulation Act, 1949, taking into account theThe Reserve Bank of India (RBl) has imposed, by an order dated September 23, 2020 a monetary penalty of ₹0.50 lakh on Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (the bank) for non-compliance with directions issued by RBI on director related loans. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and section 56 of the Banking Regulation Act, 1949, taking into account the
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सप्टें 24, 2020Reserve Bank of India imposes monetary penalty on Nashik Zilla Girna Sahakari Bank Ltd., NashikThe Reserve Bank of India (RBl) has imposed, by an order dated September 23, 2020 a monetary penalty of ₹2,000 on Nashik Jillha Girna Sahakari Bank Ltd., Nashik (the bank) for contravention of Section 15 of the Credit Information Companies (Regulation) Act, 2005 (CIC Act). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 25 (1) (iii) read with Section 23 (4) of the CIC Act, taking into account the failure of the bank toThe Reserve Bank of India (RBl) has imposed, by an order dated September 23, 2020 a monetary penalty of ₹2,000 on Nashik Jillha Girna Sahakari Bank Ltd., Nashik (the bank) for contravention of Section 15 of the Credit Information Companies (Regulation) Act, 2005 (CIC Act). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 25 (1) (iii) read with Section 23 (4) of the CIC Act, taking into account the failure of the bank to
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सप्टें 24, 2020RBI publishes “’Technology Vision for Cyber Security’ for Urban Co-operative Banks - 2020-2023”The Reserve Bank of India has today placed on its website the “’Technology Vision for Cyber Security’ for Urban Co-operative Banks (UCBs) - 2020-2023”. The Technology Vision Document aims at enhancing the cyber security posture of the Urban Co-operative banking sector against evolving IT and cyber threat environment. The Technology Vision Document for Cyber Security for UCBs has been formalised based on inputs from various stakeholders. It envisages to achieve its objThe Reserve Bank of India has today placed on its website the “’Technology Vision for Cyber Security’ for Urban Co-operative Banks (UCBs) - 2020-2023”. The Technology Vision Document aims at enhancing the cyber security posture of the Urban Co-operative banking sector against evolving IT and cyber threat environment. The Technology Vision Document for Cyber Security for UCBs has been formalised based on inputs from various stakeholders. It envisages to achieve its obj
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सप्टें 24, 2020Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - Shri Anand Co-operative Bank Ltd. Chinchwad, Pune, MaharashtraShri Anand Co-operative Bank Ltd. Chinchwad, Pune, Maharashtra, was placed under directions from close of business on June 25, 2019, vide Directive DCBS.CO.BSD-I/D-16/12.22.474/2018-19 dated June 21, 2019, for a period of six months. The validity of the directions was last extended up to September 24, 2020 vide our Directive DOR.CO.AID./No.D-65/12.22.474/2019-20 dated March 19, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank ofShri Anand Co-operative Bank Ltd. Chinchwad, Pune, Maharashtra, was placed under directions from close of business on June 25, 2019, vide Directive DCBS.CO.BSD-I/D-16/12.22.474/2018-19 dated June 21, 2019, for a period of six months. The validity of the directions was last extended up to September 24, 2020 vide our Directive DOR.CO.AID./No.D-65/12.22.474/2019-20 dated March 19, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of
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सप्टें 22, 2020Punjab and Maharashtra Cooperative Bank Limited, Mumbai, Maharashtra - Appointment of a new AdministratorPunjab and Maharashtra Cooperative (PMC) Bank Limited, Mumbai, Maharashtra, a Multi-State Urban Cooperative Bank, was placed under All-Inclusive Directions under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 with effect from close of business on September 23, 2019 vide Directive DCBS.CO.BSD-1/D-1/12.22.183/19-20 dated September 23, 2019. The aforesaid directive is presently valid till December 22, 2020. It was also consideredPunjab and Maharashtra Cooperative (PMC) Bank Limited, Mumbai, Maharashtra, a Multi-State Urban Cooperative Bank, was placed under All-Inclusive Directions under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 with effect from close of business on September 23, 2019 vide Directive DCBS.CO.BSD-1/D-1/12.22.183/19-20 dated September 23, 2019. The aforesaid directive is presently valid till December 22, 2020. It was also considered
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सप्टें 17, 2020Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - Padmashri Dr. Vitthalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra - Extension of PeriodReserve Bank of India, in the public interest, had issued directions to Padmashri Dr. Vitthalrao 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 upto September 17, 2020.These shall continue to aReserve Bank of India, in the public interest, had issued directions to Padmashri Dr. Vitthalrao 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 upto September 17, 2020.These shall continue to a
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सप्टें 09, 2020Directions under Section 35 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Sikar Urban Co-operative Bank Ltd, Sikar, Rajasthan - Extension of validitySikar 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 May 4, 2020 for four months up to September 9, 2020, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of poSikar 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 May 4, 2020 for four months up to September 9, 2020, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of po
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सप्टें 08, 2020Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - The Karad Janata Sahakari Bank Ltd., Karad, Maharashtra - Extension of periodThe Karad Janata Sahakari Bank Ltd., Karad was placed under directions vide directive DCBS.CO.BSD-1/D-4/12.22.126/2017-18 dated November 7, 2017 from the close of business on November 9, 2017 for a period of six months. The validity of the above directions was extended from time to time last being vide Directive DOR.CO.AID/No.D-84/12.22.126/2019-20 dated June 03, 2020 up to September 09, 2020. 2. It is hereby notified for the information of the public that, the ReservThe Karad Janata Sahakari Bank Ltd., Karad was placed under directions vide directive DCBS.CO.BSD-1/D-4/12.22.126/2017-18 dated November 7, 2017 from the close of business on November 9, 2017 for a period of six months. The validity of the above directions was extended from time to time last being vide Directive DOR.CO.AID/No.D-84/12.22.126/2019-20 dated June 03, 2020 up to September 09, 2020. 2. It is hereby notified for the information of the public that, the Reserv
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ऑग 31, 2020Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Bidar Mahila Urban Co-operative Bank Ltd., Bidar, Karnataka - Extension of periodThe Reserve Bank of India issued All Inclusive Directions to Bidar Mahila Urban Co-operative Bank Ltd., Bidar, Karnataka, under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD-III.No.D-8/12. 23.212/2018-19 dated February 21, 2019 for a period of six months with effect from close of business of February 28, 2019, which were last extended up to August 31, 2020 vide Directive DOR.CO.AID.NO.D-56/12.23.212/2019-20, dated FebrThe Reserve Bank of India issued All Inclusive Directions to Bidar Mahila Urban Co-operative Bank Ltd., Bidar, Karnataka, under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DCBS.CO.BSD-III.No.D-8/12. 23.212/2018-19 dated February 21, 2019 for a period of six months with effect from close of business of February 28, 2019, which were last extended up to August 31, 2020 vide Directive DOR.CO.AID.NO.D-56/12.23.212/2019-20, dated Febr
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ऑग 31, 2020Directions issued to the Rupee Co-operative Bank Ltd., Pune, Maharashtra - Extension of PeriodThe Reserve Bank of India (vide directive UBD.CO.BSD I/D-28/12.22.218/2012-13 dated February 21, 2013) had placed the Rupee Co-operative Bank Ltd., Pune 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, 2020. 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) ofThe Reserve Bank of India (vide directive UBD.CO.BSD I/D-28/12.22.218/2012-13 dated February 21, 2013) had placed the Rupee Co-operative Bank Ltd., Pune 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, 2020. 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
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ऑग 28, 2020Directions under Section 35 A read with section 56 of the Banking Regulation Act, 1949- Kerala Mercantile Co- operative Bank Ltd., Kozhikode, Kerala- Withdrawal of directionsThe Reserve Bank of India issued Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 to Kerala Mercantile Co- operative Bank Ltd., Kozhikode, vide Directive DCBS.CO.PCC.D-15/12.26.058/2018-19 dated May 29, 2019. The said Directions were extended and modified from time to time, last modified vide Directive DOR.CO.AID.No.D-92/12.26.058/2019-20 dated June 19, 2020 in terms of which among other conditions, a sum not exceeding ₹50,000/- oThe Reserve Bank of India issued Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 to Kerala Mercantile Co- operative Bank Ltd., Kozhikode, vide Directive DCBS.CO.PCC.D-15/12.26.058/2018-19 dated May 29, 2019. The said Directions were extended and modified from time to time, last modified vide Directive DOR.CO.AID.No.D-92/12.26.058/2019-20 dated June 19, 2020 in terms of which among other conditions, a sum not exceeding ₹50,000/- o
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ऑग 27, 2020Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) - Shivaji Rao Bhosale Sahakari Bank Ltd., Pune, Maharashtra- Extension of periodShivaji Rao Bhosale Sahakari Bank Ltd., Pune was placed under directions vide directive DCBS.CO.BSD-I/D-14/12.22.254/2018-19 dated May 03, 2019 from the close of business on May 04, 2019. The validity of the above directions were extended from time to time, the last being vide Directive DOR.CO.AID.No. D-77/12.22.254/2019-20 dated April 24, 2020 and is valid up to August 04, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of IndiShivaji Rao Bhosale Sahakari Bank Ltd., Pune was placed under directions vide directive DCBS.CO.BSD-I/D-14/12.22.254/2018-19 dated May 03, 2019 from the close of business on May 04, 2019. The validity of the above directions were extended from time to time, the last being vide Directive DOR.CO.AID.No. D-77/12.22.254/2019-20 dated April 24, 2020 and is valid up to August 04, 2020. 2. It is hereby notified for the information of the public that, the Reserve Bank of Indi
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ऑग 14, 2020Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud, Distt. Amravati, Maharashtra - Extension of PeriodReserve Bank of India, in the public interest, had issued Directions to Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud, District- Amravati, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 (AACS) read with Section 56 of the Banking Regulation Act, 1949 from the close of business on January 17, 2019. The validity of the above Directions was extended from time to time up to August 17, 2020.Reserve Bank of India, in the public interest, had issued Directions to Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud, District- Amravati, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 (AACS) read with Section 56 of the Banking Regulation Act, 1949 from the close of business on January 17, 2019. The validity of the above Directions was extended from time to time up to August 17, 2020.
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ऑग 14, 2020Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd., Nilanga, Distt. Latur, Maharashtra - Extension of PeriodReserve Bank of India, in the public interest, had issued directions to Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd., Nilanga, Distt. Latur, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 (AACS) read with Section 56 of the Banking Regulation Act, 1949 from the close of business on February 16, 2019. The validity of the above directions was extended from time to time, up to AugustReserve Bank of India, in the public interest, had issued directions to Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd., Nilanga, Distt. Latur, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 (AACS) read with Section 56 of the Banking Regulation Act, 1949 from the close of business on February 16, 2019. The validity of the above directions was extended from time to time, up to August
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ऑग 13, 2020Reserve Bank of India imposes monetary penalty on The Co-operative Urban Bank Ltd., ParlakhemundiThe Reserve Bank of India (RBI) has imposed, by an order dated August 10, 2020, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Co-operative Urban Bank Ltd., Parlakhemundi (the bank) for contravention of the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the BanThe Reserve Bank of India (RBI) has imposed, by an order dated August 10, 2020, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Co-operative Urban Bank Ltd., Parlakhemundi (the bank) for contravention of the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Ban
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ऑग 13, 2020Reserve Bank of India imposes monetary penalty on The Krishnanagar City Co-operative Bank LimitedThe Reserve Bank of India (RBI) has imposed, by an order dated August 10, 2020, a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Krishnanagar City Co-operative Bank Limited (the bank) for contravention of the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the BanThe Reserve Bank of India (RBI) has imposed, by an order dated August 10, 2020, a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Krishnanagar City Co-operative Bank Limited (the bank) for contravention of the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Ban
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ऑग 13, 2020Reserve Bank of India imposes monetary penalty on The Tura Urban Co-operative Bank LimitedThe Reserve Bank of India (RBI) has imposed, by an order dated August 10, 2020, a Monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Tura Urban Cooperative Bank Limited (the bank) for contravention of the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking RegThe Reserve Bank of India (RBI) has imposed, by an order dated August 10, 2020, a Monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Tura Urban Cooperative Bank Limited (the bank) for contravention of the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Reg
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ऑग 13, 2020Reserve Bank of India imposes monetary penalty on Jowai Co-operative Urban Bank LimitedThe Reserve Bank of India (RBI) has imposed, by an order dated August 10, 2020, a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on Jowai Co-operative Urban Bank Limited (the bank) for contravention of the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking ReguThe Reserve Bank of India (RBI) has imposed, by an order dated August 10, 2020, a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on Jowai Co-operative Urban Bank Limited (the bank) for contravention of the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regu
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ऑग 07, 2020RBI extends Directions to The Vaish Co-operative Commercial Bank Ltd., New DelhiThe Reserve Bank of India, 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, hereby directs that the Directive DCBS.CO.BSD-IV/D-11/12.28.118/2015-16 dated August 28, 2015 issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi, as modified from time to time, the validity of which was last extended up to August 08, 2020, shall continue to apply to the bank for a further period ofThe Reserve Bank of India, 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, hereby directs that the Directive DCBS.CO.BSD-IV/D-11/12.28.118/2015-16 dated August 28, 2015 issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi, as modified from time to time, the validity of which was last extended up to August 08, 2020, shall continue to apply to the bank for a further period of
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ऑग 05, 2020Directions under Section 35 A read with Section 56 of the BR Act (AACS), 1949 - The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala - Extension of periodThe Reserve Bank of India issued Directions to The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala under Section 35 A read with Section 56 of the BR Act (AACS), 1949 vide Directive DCBS.CO.PCC D-4/12.26.004/2018-19 dated November 02, 2018, from close of business on November 9, 2018 for a period of six months, which were last extended up to August 09, 2020 vide the Directive DOR.CO.AID/D-79/12.26.004/2019-20 dated April 29, 2020. The Reserve Bank of India has reviewedThe Reserve Bank of India issued Directions to The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala under Section 35 A read with Section 56 of the BR Act (AACS), 1949 vide Directive DCBS.CO.PCC D-4/12.26.004/2018-19 dated November 02, 2018, from close of business on November 9, 2018 for a period of six months, which were last extended up to August 09, 2020 vide the Directive DOR.CO.AID/D-79/12.26.004/2019-20 dated April 29, 2020. The Reserve Bank of India has reviewed
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ऑग 01, 2020Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - Shivam Sahakari Bank Ltd, Ichalkaranji, Kolhapur, MaharashtraShivam Sahakari Bank Ltd, Ichalkaranji, Kolhapur, Maharashtra was placed under directions vide directive DCBS.CO.BSD-I/D-6/12.22.351/2017-18 dated May 18, 2018, from close of business on May 19, 2018. The validity of the directions was extended from time to time vide subsequent Directives, the last being vide Directive DOR.CO.AID/D-81/12.22.351/2019-20 dated May 21, 2020 and is valid up to July 31, 2020 subject to review. 2. It is hereby notified for the information oShivam Sahakari Bank Ltd, Ichalkaranji, Kolhapur, Maharashtra was placed under directions vide directive DCBS.CO.BSD-I/D-6/12.22.351/2017-18 dated May 18, 2018, from close of business on May 19, 2018. The validity of the directions was extended from time to time vide subsequent Directives, the last being vide Directive DOR.CO.AID/D-81/12.22.351/2019-20 dated May 21, 2020 and is valid up to July 31, 2020 subject to review. 2. It is hereby notified for the information o
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