Cooperatieve Rabobank U.A

RBI notified that Coöperatieve Rabobank U.A. has ceased to be a banking company under the Banking Regulation Act, 1949. The notification was dated June 24, 2026 and published in the Gazette of India on July 2, 2026.

The entity no longer has banking-company status under the Act from the notified date, meaning it cannot continue to operate as a banking company in that capacity. Any banking operations, counterparties, and customers are affected by the cessation and must rely on the legal consequences of the notification and any follow-on regulatory or winding-up steps.

• Section 36(A)(2) of the Banking Regulation Act, 1949

RBI imposed a monetary penalty of Rs 1 crore on Cooperatieve Rabobank U.A. The action followed supervisory inspection findings of contravention of Banking Regulation Act provisions and RBI reserve-fund transfer directions.

The bank must absorb the monetary penalty and address the compliance deficiencies identified by RBI. The order does not pronounce on the validity of any customer transaction or agreement, but it signals supervisory concerns regarding statutory reserve-fund transfer obligations and related compliance processes.

• Section 11 (2) (b) (ii) of the Banking Regulation Act, 1949
• Section 47 A (1) (c) read with section 46 (4) (i) of the Act
• Sections 17(1) and 11(2)(b)(ii) of Banking Regulation Act, 1949- Transfer to Reserve Funds