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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: DID NOT ADHERE TO PROVISIONS UNDER SECTIONS 11(1) READ WITH SECTION 56 OF BANKING REGULATION ACT, 1949

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person JAMKHED MERCHANTS CO-OPERATIVE BANK LTD.
  CONDUCTED OPERATIONS IN A MANNER DETRIMENTAL TO THE INTEREST OF PRESENT AND FUTURE DEPOSITORS AND OF PUBLIC VIOLATING SECTIONS 22(3) (A) TO 22(3)(E) AND 24 OF BANKING REGULATION ACT, 1949

NOT IN A POSITION TO PAY ITS PRESENT AND FUTURE DEPOSITORS IN FULL AS AND WHEN THEIR CLAIMS ACCRUE

DID NOT ADHERE TO PROVISIONS UNDER SECTIONS 11(1) READ WITH SECTION 56 OF BANKING REGULATION ACT, 1949   		CANCELLED BANKING LICENSE

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

01-JUN-2017 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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