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SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 11-OCT-2025

CO-OPERATIVE BANKS: CONDUCTED OPERATIONS IN A MANNER DETRIMENTAL TO THE INTEREST OF PRESENT AND FUTURE DEPOSITORS VIOLATING SECTION 11 AND 22 (3) OF BANKING REGULATION ACT, 1949

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person SHRI SAI URBAN CO-OPERATIVE BANK LTD.
  DID NOT ADHERE TO REQUIREMENTS OF MINIMUM CAPITAL AND RESERVES

CONDUCTED OPERATIONS IN A MANNER DETRIMENTAL TO THE INTEREST OF PRESENT AND FUTURE DEPOSITORS VIOLATING SECTION 11 AND 22 (3) OF BANKING REGULATION ACT, 1949

NOT IN A POSITION TO PAY ITS PRESENT AND FUTURE DEPOSITORS IN FULL AS AND WHEN THEIR CLAIMS ACCRUE   		CANCELLED BANKING LICENSE FROM 30-DEC-2016

PROHIBITED FROM CONDUCTING BANKING BUSINESS IN UNDER SECTION 5(B) OF THE BANKING REGULATION ACT, 1949 FROM 30-DEC-2016

30-DEC-2016 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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