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Co-Sponsors

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

CO-OPERATIVE BANKS: PROHIBITED FROM CARRYING ON 'BANKING BUSINESS' INCLUDING ACCEPTANCE AND REPAYMENT OF DEPOSIT

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person BHILWARA MAHILA 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

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

23-AUG-2018 		 
2
History of entity/person BHOPAL NAGRIK SAHAKARI 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

DID NOT TAKE POSITIVE STEPS FOR CAPITAL AUGMENTATION AND FINANCIAL RESTRUCTURING   		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

22-JAN-2018 		 
3
History of entity/person BIRBHUM DISTRICT CENTRAL CO-OPERATIVE BANK LTD.
  DID NOT ADHERE TO RELAXED LICENSING CONDITIONS SET BY RBI IN CONSULTATION WITH NABARD   REJECTION OF APPLICATION FOR 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

15-MAY-2014 		 
4
History of entity/person BULDANA DISTRICT CENTRAL CO-OPERATIVE BANK LTD.
  DID NOT ADHERE TO RELAXED LICENSING CONDITIONS SET BY RBI IN CONSULTATION WITH NABARD   REJECTION OF APPLICATION FOR 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

15-MAY-2014 		 
5
History of entity/person KARNATAKA RAJYA KAIGARIKA VANIJYA SAHAKARA BANK NIYAMIT
  DID NOT ADHERE TO RBI REGULATIONS

ALLOWED OPERATIONS AND DID NOT CLOSE SEVERAL ACCOUNTS OPEN USING OTP BASED E-KYC IN NON-FACE-TO-FACE MODE, EVEN AFTER EXPIRY OF ONE YEAR WITHOUT CONDUCTING CUSTOMER DUE DILIGENCE PROCEDURE   		REJECTION OF APPLICATION FOR 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

23-APR-2014 		 
6
History of entity/person LOKSEVA SAHAKARI 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

DID NOT TAKE POSITIVE STEPS FOR CAPITAL AUGMENTATION AND FINANCIAL RESTRUCTURING   		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

18-SEP-2017 		 
7
History of entity/person MAHATMA FULE URBAN CO-OPERATIVE BANK LTD.
  CEASED TO BE SOLVENT   CANCELLED BANKING LICENSE

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

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

24-AUG-2013 		 
8
History of entity/person NAGPUR DISTRICT CENTRAL CO-OPERATIVE BANK LTD.
  DID NOT ADHERE TO RELAXED LICENSING CONDITIONS SET BY RBI IN CONSULTATION WITH NABARD   REJECTION OF APPLICATION FOR 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

15-MAY-2014 		 
9
History of entity/person SOJITRA CO-OPERATIVE BANK LTD.,THE
  PROHIBITED FROM CARRYING ON BANKING BUSINESS IN INDIA UNDER SECTION 22 OF THE BANKING REGULATION ACT, 1949   CANCELLED BANKING LICENSE

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

23-JAN-2017 		 
10
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 		 
11
History of entity/person URBAN CO-OPERATIVE BANK LTD.,THE,BHUBANESHWAR
  CEASED TO BE SOLVENT   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

17-FEB-2014 		 
12
History of entity/person WARDHA DISTRICT CENTRAL CO-OPERATIVE BANK LTD.
  DID NOT ADHERE TO RELAXED LICENSING CONDITIONS SET BY RBI IN CONSULTATION WITH NABARD   REJECTION OF APPLICATION FOR 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

15-MAY-2014 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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