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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: PROHIBITED FROM CARRYING ON BANKING BUSINESS IN INDIA UNDER SECTION 22 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 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 		 
2
History of entity/person SHRI YUGPRABHAV SAHAKARI BANK LTD.
  PROHIBITED FROM CARRYING ON BANKING BUSINESS IN INDIA UNDER SECTION 22 OF THE BANKING REGULATION ACT, 1949   CANCELLED BANKING LICENSE

29-JUN-2016 		 
3
History of entity/person SOJITRA CO-OPERATIVE BANK LTD.,THE
  PROHIBITED FROM CARRYING ON BANKING BUSINESS IN INDIA UNDER SECTION 22 OF THE BANKING REGULATION ACT, 1949   CANCELLED BANKING LICENSE

PROHIBITED FROM CARRYING ON 'BANKING BUSINESS' INCLUDING ACCEPTANCE AND REPAYMENT OF DEPOSIT

23-JAN-2017 		 
4
History of entity/person STATE TRANSPORT EMPLOYEES CO-OPERATIVE BANK LTD.,THE
  PROHIBITED FROM CARRYING ON BANKING BUSINESS IN INDIA UNDER SECTION 22 OF THE BANKING REGULATION ACT, 1949   CANCELLED BANKING LICENSE

13-JAN-2017 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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