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SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 21-NOV-2024

URBAN CO-OPERATIVE BANKS: IRRETRIEVABLE AND WEAK FINANCIAL CONDITION

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person CHALLAKERE URBAN CO-OPERATIVE BANK LTD.,THE
  CEASED TO BE SOLVENT

IRRETRIEVABLE AND WEAK FINANCIAL CONDITION   		CANCELLED BANKING LICENSE

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

02-AUG-2006 		 
2
History of entity/person NASHIK PEOPLES CO-OPERATIVE BANK LTD.
  IRRETRIEVABLE AND WEAK FINANCIAL CONDITION   PLACED UNDER DIRECTIONS

31-MAY-2004 		RELAXED EARLIER DIRECTIONS ISSUED BY RBI  
3
History of entity/person SHRIRAM SAHAKARI BANK LTD.
  CEASED TO BE SOLVENT

IRRETRIEVABLE AND WEAK FINANCIAL CONDITION

VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI   		CANCELLED BANKING LICENSE

13-JUN-2006 		 
4
History of entity/person SRI KALAHASTI CO-OPERATIVE TOWN BANK LTD.
  IRRETRIEVABLE AND WEAK FINANCIAL CONDITION   PLACED UNDER DIRECTIONS

21-DEC-2004 		RELAXED EARLIER DIRECTIONS ISSUED BY RBI  
5
History of entity/person VASAVI CO-OPERATIVE URBAN BANK LTD.,THE
  IRRETRIEVABLE AND WEAK FINANCIAL CONDITION   PLACED UNDER DIRECTIONS

07-MAR-2003 		RELAXED EARLIER DIRECTIONS ISSUED BY RBI  
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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