Bhagyodaya Friends Urban Co-operative Bank Ltd. Warud, Dist-Amravati, Maharashtra

RBI extended the operating restrictions on Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud, for one more month. The bank remains subject to ceilings on withdrawals and deposit acceptance.

Bhagyodaya Friends Urban Co-operative Bank Ltd. must continue operating under RBI-imposed limits on withdrawals and deposit acceptance through May 17, 2021 unless the directions are modified again. Depositors and other customers remain affected by the caps and operational restrictions.

• Section 35A of the Banking Regulation Act, 1949
• Section 56 of the Banking Regulation Act, 1949

RBI extended its existing Section 35A directions on Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud, for two more months up to August 17, 2020. The bank remains subject to withdrawal/acceptance ceilings and can continue business only with restrictions.

Bhagyodaya Friends Urban Co-operative Bank Ltd. must continue operating under RBI-imposed limits on withdrawals and deposit acceptance until August 17, 2020, unless modified earlier. Depositors and other customers remain subject to the ceilings and restrictions, while RBI retains the ability to review and modify the directions depending on circumstances.

• sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 (AACS)
• Section 56 of the Banking Regulation Act, 1949

RBI extended its existing Section 35A directions on Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud. The bank remains subject to withdrawal and deposit restrictions until June 17, 2020, subject to review.

The bank must continue operating under RBI-imposed limits on withdrawals and deposit acceptance through June 17, 2020, subject to further review or modification. Customers and depositors are affected by the caps and restrictions, while the bank remains operational but constrained.

• Section 35 A of the Banking Regulation Act, 1949 (AACS)
• Section 56 of the Banking Regulation Act, 1949

RBI extended the existing Section 35A directions on Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud. The bank remains subject to restrictions on withdrawals and deposit acceptance until April 17, 2020, subject to review.

The bank must continue operating under RBI-imposed limits on withdrawals and deposit acceptance through April 17, 2020, unless modified earlier. Depositors face capped access/transaction limits, and the bank’s business activity remains constrained while RBI reviews its financial position.

• Section 35A of the Banking Regulation Act, 1949 (AACS)
• section 56 of the Banking Regulation Act, 1949 (AACS)

RBI extended its existing Section 35A directions on Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud. The bank continues operating under restrictions on deposits and withdrawals through October 17, 2019.

The bank must continue operating under RBI-imposed restrictions on deposit acceptance and withdrawal up to October 17, 2019, unless modified earlier. Customers face limits on their ability to deposit or withdraw funds, and the bank’s business remains constrained pending RBI review.

• Section 35A of the Banking Regulation Act, 1949 (AACS)
• section 56 of the Banking Regulation Act, 1949 (AACS)

RBI placed Bhagyodaya Friends Urban Co-operative Bank Ltd., Warud, under six-month Directions starting January 17, 2019. The bank faced broad operating restrictions, including a ₹2,000 withdrawal cap per depositor account.

The bank remained operational but under tight RBI controls for six months from January 17, 2019. Customers faced withdrawal limits and the bank could not expand lending, raise fresh deposits, or take on new liabilities without RBI approval, limiting normal business activity until restrictions were modified or lifted.

• Section 35A(1) of the Banking Regulation Act, 1949 (AACS) read with section 56 of the Banking Regulation Act, 1949