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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 HAVE ADEQUATE ASSETS TO MEET ITS OUTSIDE LIABILITIES

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person VITTHAL NAGARI SAHAKARI BANK LTD.
  DID NOT ADHERE TO REQUIREMENTS OF MINIMUM CAPITAL AND RESERVES

DID NOT HAVE ADEQUATE ASSETS TO MEET ITS OUTSIDE LIABILITIES   		CANCELLED BANKING LICENSE

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

26-JUN-2015 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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