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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 RBI REGULATIONS

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person CENTURY CO-OPERATIVE BANK LTD.,THE
  DID NOT ADHERE TO RBI REGULATIONS

EXTREMELY UNSATISFACTORY FINANCIAL POSITION   		CANCELLED BANKING LICENSE

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

PROHIBITED FROM ACCEPTING DEPOSITS

PROHIBITED FROM REPAYING DEPOSITS

07-JUN-2005 		 
2
History of entity/person DIAMOND JUBILEE CO-OPERATIVE BANK LTD.
  DID NOT ADHERE TO RBI REGULATIONS   CANCELLED BANKING LICENSE

19-JUN-2004 		 
3
History of entity/person INDIAN CO-OPERATIVE DEVELOPMENT BANK LTD.
  DID NOT ADHERE TO RBI REGULATIONS   CANCELLED BANKING LICENSE

31-MAY-2004 		 
4
History of entity/person KALIDASA CO-OPERATIVE BANK
  DID NOT ADHERE TO RBI REGULATIONS   ISSUED STAY ORDER TO STOP ALL TRANSACTIONS

23-MAR-2005 		 
5
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 		 
6
History of entity/person SHREE VITTHAL CO-OPERATIVE BANK LTD.
  DID NOT ADHERE TO RBI REGULATIONS   CANCELLED BANKING LICENSE

14-SEP-2004 		 
7
History of entity/person SHRI VITRAG CO-OPERATIVE BANK LTD.
  DID NOT ADHERE TO RBI REGULATIONS

EXTREMELY UNSATISFACTORY FINANCIAL POSITION

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

CANCELLED BANKING LICENSE

01-SEP-2005 		 
8
History of entity/person SIVAGANGAI DISTRICT CENTRAL CO-OPERATIVE BANK LTD.
  DID NOT ADHERE TO RBI REGULATIONS   PLACED UNDER DIRECTIONS & INSPECTION ORDERED

26-APR-2005 		INSPECTION COMPLETED.FURTHER ACTION UNDER CONSIDERATION.  
9
History of entity/person UJVAR CO-OPERATIVE BANK LTD.
  DID NOT ADHERE TO RBI REGULATIONS   CANCELLED BANKING LICENSE

01-JUN-2004 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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