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Directions Archives - All About Finance

Directions

RBI extends Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow, Uttar Pradesh till December 11, 2015

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The Reserve Bank of India has extended the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of three months from September 12, 2015 to December 11, 2015, subject to review. The bank has been under directions since June 12, 2014. According to the Directions, the Indian Mercantile Co-operative Bank … Read more

RBI imposed directions on Nashik Jilha Girna Sahakari Bank – Only Rs.1000 withdrawal is allowed

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The Reserve Bank of India notified that in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India has issued certain Directions to Nashik Jilha Girna … Read more

Shri Sai Urban Cooperative Bank Ltd allow its depositors to withdraw a sum not exceeding Rs.1000, for next six months

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The Reserve Bank of India has issued Directions to Shri Sai Urban Cooperative Bank Ltd., Mukhed, District Nanded, Maharashtra for a period of six months with effect from close of business as on July 01, 2015. According to the Directions, Shri Sai Urban Cooperative Bank Ltd., Mukhed cannot and without prior approval of the Reserve … Read more