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

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 		 
2
History of entity/person SHREE CHHATRAPATI URBAN CO-OP.BANK LTD.
  DID NOT ADHERE TO PROVISIONS UNDER SECTIONS 11(1) AND 18 OF BANKING REGULATION ACT, 1949

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

PROHIBITED FROM CARRYING ON BANKING BUSINESS IN INDIA UNDER SECTION 22 OF THE BANKING REGULATION ACT, 1949   		CANCELLED BANKING LICENSE

PROHIBITED FROM CONDUCTING BANKING BUSINESS IN UNDER SECTION 5(B) OF THE BANKING REGULATION ACT, 1949

07-FEB-2017 		 
3
History of entity/person SHRI SAI URBAN CO-OPERATIVE BANK LTD.
  DID NOT ADHERE TO REQUIREMENTS OF MINIMUM CAPITAL AND RESERVES

CONDUCTED OPERATIONS IN A MANNER DETRIMENTAL TO THE INTEREST OF PRESENT AND FUTURE DEPOSITORS VIOLATING SECTION 11 AND 22 (3) OF BANKING REGULATION ACT, 1949

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

PROHIBITED FROM CONDUCTING BANKING BUSINESS IN UNDER SECTION 5(B) OF THE BANKING REGULATION ACT, 1949

30-DEC-2016 		 
4
History of entity/person VASANTDADA NAGARI SAHAKARI BANK LTD.
  NOT IN A POSITION TO PAY ITS PRESENT AND FUTURE DEPOSITORS IN FULL AS AND WHEN THEIR CLAIMS ACCRUE   CANCELLED BANKING LICENSE

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

08-JAN-2021 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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