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

CO-OPERATIVE BANKS: DID NOT ADHERE TO PROVISIONS OF SECTIONS 11(1), 22(3)(A) TO 22(3)(E) READ WITH SECTION 56 OF THE BANKING REGULATION ACT, 1949

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

DID NOT ADHERE TO PROVISIONS OF SECTIONS 11(1), 22(3)(A) TO 22(3)(E) READ WITH SECTION 56 OF THE BANKING REGULATION ACT, 1949   		CANCELLED BANKING LICENSE

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

04-OCT-2018 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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