SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 13-JUL-2024

CO-OPERATIVE BANKS: DID NOT HAVE ADEQUATE CAPITAL STRUCTURE & EARNING PROSPECTS AND NOT IN A POSITION TO PAY ITS PRESENT AND/OR FUTURE DEPOSITORS IN FULL

S.No.

ENTITY

PERSONS

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

41

History of entity/person

SRI MALLIKARJUNA PATTANA SAHAKARI BANK NIYAMITA

DID NOT HAVE ADEQUATE CAPITAL STRUCTURE & EARNING PROSPECTS AND NOT IN A POSITION TO PAY ITS PRESENT AND/OR FUTURE DEPOSITORS IN FULL

CANCELLED BANKING LICENSE

DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR

21-SEP-2023

42

History of entity/person

SRI SHARADA MAHILA CO-OPERATIVE BANK LTD.

DID NOT HAVE ADEQUATE CAPITAL STRUCTURE & EARNING PROSPECTS AND NOT IN A POSITION TO PAY ITS PRESENT AND/OR FUTURE DEPOSITORS IN FULL

CANCELLED BANKING LICENSE

DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR

11-JUL-2023

43

History of entity/person

SUMERPUR MERCANTILE URBAN CO-OPERATIVE BANK LTD.

DID NOT HAVE ADEQUATE CAPITAL STRUCTURE & EARNING PROSPECTS AND NOT IN A POSITION TO PAY ITS PRESENT AND/OR FUTURE DEPOSITORS IN FULL

CANCELLED BANKING LICENSE

DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR

27-FEB-2024

44

History of entity/person

UNITED CO-OPERATIVE BANK LTD.,THE

DID NOT HAVE ADEQUATE CAPITAL STRUCTURE & EARNING PROSPECTS AND NOT IN A POSITION TO PAY ITS PRESENT AND/OR FUTURE DEPOSITORS IN FULL

CANCELLED BANKING LICENSE

DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR

PROHIBITED FROM CARRYING ON 'BANKING BUSINESS' INCLUDING ACCEPTANCE AND REPAYMENT OF DEPOSIT

10-MAY-2021

45

History of entity/person

UNITED INDIA CO-OPERATIVE BANK LTD.

DID NOT HAVE ADEQUATE CAPITAL STRUCTURE & EARNING PROSPECTS AND NOT IN A POSITION TO PAY ITS PRESENT AND/OR FUTURE DEPOSITORS IN FULL

CANCELLED BANKING LICENSE

DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR

14-JUL-2023

46

History of entity/person

URBAN CO-OPERATIVE BANK LTD.,SITAPUR

DID NOT HAVE ADEQUATE CAPITAL STRUCTURE & EARNING PROSPECTS AND NOT IN A POSITION TO PAY ITS PRESENT AND/OR FUTURE DEPOSITORS IN FULL

CANCELLED BANKING LICENSE

DIRECTED REGISTRAR OF CO-OPERATIVE SOCIETIES TO ISSUE ORDER FOR WINDING UP OF BANK AND APPOINT LIQUIDATOR

06-DEC-2023

The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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