Brahmawart Commercial Co-operative Bank Ltd

RBI cancelled the licence of Brahmawart Commercial Co-operative Bank Ltd., Kanpur, with effect from the close of business on July 3, 2018. The bank has also been barred from conducting banking business and liquidation proceedings are to follow.

The bank must cease all banking operations immediately, including taking deposits and repaying deposits outside the liquidation/DICGC process. Depositors will be paid according to the DICGC Act, subject to the ₹1,00,000 insurance ceiling, and the registrar is expected to begin winding-up proceedings.

• section 11(1)
• section 22(3)(d) read with section 56 of the Banking Regulation Act, 1949
• section 22(3)(a) read with section 56 of the Banking Regulation Act, 1949

+5 more in the case brief

RBI has extended the existing directions on Brahmawart Commercial Co-operative Bank Ltd., Kanpur, by four months up to July 6, 2018. The other terms of the directive remain unchanged.

The bank remains subject to the same RBI operating constraints through July 06, 2018, with any changes dependent on further review. Depositors and other stakeholders continue to face the restrictions imposed under the Section 35A directions until RBI modifies or withdraws them.

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

RBI extended the existing Section 35A directions on Brahmawart Commercial Co-operative Bank Ltd., Kanpur until March 06, 2018. The order continues the bank's operating restrictions for the additional period.

The bank continues to operate under the existing RBI Section 35A restrictions until March 06, 2018, subject to further review or modification by RBI. Depositors and counterparties remain affected by the ongoing operating constraints.

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

RBI extended its Section 35A directions against Brahmawart Commercial Co-operative Bank Ltd., Kanpur, until November 06, 2017. The order continues an existing operating restriction subject to review.

The bank must continue operating under RBI-imposed Section 35A directions until November 06, 2017, unless modified earlier. The restriction affects the bank’s operations and is relevant to depositors and counterparties, who remain subject to the conditions of the directive.

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

RBI extended its existing directions on Brahmawart Commercial Co-operative Bank Ltd., Kanpur, for another six months. The order continues the bank's Section 35A restrictions until July 06, 2017.

The bank remains subject to the existing Section 35A operating restrictions through July 06, 2017, unless RBI modifies them earlier. Customers and counterparties are affected only to the extent of those ongoing restrictions; the release does not announce a withdrawal of the directions or any restoration of normal operations.

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

RBI extended its Section 35A directions against Brahmawart Commercial Co-operative Bank Ltd., Kanpur for another six months. The order continues the existing restriction through July 06, 2017.

The bank remains subject to RBI-imposed operational conditions through July 06, 2017, and must continue complying with the existing directions unless and until RBI modifies them further. The restriction affects the bank’s operations and its ability to carry on business normally during the extended period; public access to the directive is maintained at the bank’s premises.

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

RBI has extended the existing Section 35A directions on Brahmawart Commercial Co-operative Bank Ltd., Kanpur until January 06, 2017. The other terms of the directive remain unchanged.

The bank continues to operate under the existing Section 35A restrictions until January 06, 2017, unless RBI modifies or withdraws the directive earlier. Customers and counterparties remain subject to the bank’s constrained operating environment during this period, but the release does not describe any new additional limits beyond the status quo.

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

RBI extended its existing directions on Brahmawart Commercial Co-operative Bank Ltd., Kanpur, until July 06, 2016. The earlier terms of the directive remain unchanged.

The bank continues to operate under the RBI’s existing Section 35A restrictions through July 06, 2016, subject to further review and possible modification. The bank, its customers, and counterparties remain affected by the continuing operational constraints until the directions are changed or withdrawn.

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

RBI has extended the Section 35A directions on Brahmawart Commercial Co-operative Bank Ltd., Kanpur until April 06, 2016. The bank remains under restrictions on loans, investments, deposits, and payments, with limited withdrawal access for depositors.

The bank must continue operating under RBI-imposed restrictions through April 06, 2016, limiting normal banking activity and balance-sheet expansion. Depositors are affected by the capped withdrawal facility, while the bank remains barred from fresh lending, fresh deposit mobilization, and several liability-creating transactions unless RBI permits otherwise.

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

RBI modified and continued its Section 35A directions on Brahmawart Commercial Co-operative Bank Ltd., Kanpur. The bank’s depositors could withdraw up to Rs 40,000 per depositor, subject to conditions, while the rest of the restrictions stayed in force.

The bank continues to operate under RBI-imposed Section 35A restrictions, including conditions on depositor withdrawals. Depositors may withdraw only within the permitted cap and subject to the directive’s conditions, while all other earlier restrictions remain effective until the stated end date or until further modification.

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

RBI placed Brahmawart Commercial Co-operative Bank Ltd., Kanpur under Section 35A operating directions. The bank faces tight restrictions on lending, deposits, payments, and asset/liability actions, with limited withdrawal permissions.

The bank must operate under severe constraints on core business activities, including lending, accepting deposits, and making payments, unless specifically permitted by RBI. Depositors are limited to small withdrawals, borrowers/sureties may see amounts adjusted against dues, and the bank’s management must comply with the RBI’s operating conditions for the duration of the directions.

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