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

CO-OPERATIVE BANKS: REJECTION OF APPLICATION FOR BANKING LICENSE

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
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 		 
2
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 		 
3
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 		 
4
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 		 
5
History of entity/person PREMIER AUTOMOBILE EMPLOYEES' CO-OPERATIVE BANK LTD.,THE
  PERSISTING IRREGULARITIES POINTED OUT IN PREVIOUS INSPECTION REPORT

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON OPERATIONAL MATTERS   		REJECTION OF APPLICATION FOR BANKING LICENSE

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

23-JUL-2012 		 
6
History of entity/person RAJWADE MANDAL PEOPLE'S CO-OPERATIVE BANK LTD.
  CEASED TO BE SOLVENT   REJECTION OF APPLICATION FOR BANKING LICENSE

27-JAN-2010 		 
7
History of entity/person RAMKRISHNAPUR CO-OPERATIVE BANK LTD.
  CEASED TO BE SOLVENT   REJECTION OF APPLICATION FOR BANKING LICENSE

17-JUN-2010 		 
8
History of entity/person UMRETH PEOPLES CO-OPERATIVE BANK LTD.,THE
  CEASED TO BE SOLVENT   REJECTION OF APPLICATION FOR BANKING LICENSE

FILED REQUISITION FOR WINDING UP OF BANK WITH REGISTRAR OF CO-OPERATIVE SOCIETIES

06-MAR-2007 		 
9
History of entity/person VARADA CO-OPERATIVE BANK LTD.
  IRRETRIEVABLE AND WEAK FINANCIAL CONDITION   REJECTION OF APPLICATION FOR BANKING LICENSE

18-APR-2007 		 
10
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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