Kolikata Mahila Cooperative Bank Limited

RBI imposed a ₹1 lakh penalty on Kolikata Mahila Co-operative Bank Limited, West Bengal. The action was for failing to submit its FY 2023-24 accounts, balance-sheet and auditor’s report to RBI on time.

The bank must absorb the penalty and remain compliant with statutory reporting obligations going forward. The release does not impose any operational restriction on customers, but it signals continued supervisory scrutiny and potential for further action if compliance lapses persist.

• Section 31 of the Banking Regulation Act, 1949
• Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949

RBI withdrew the Section 35A directions previously issued to Kolikata Mahila Co-operative Bank Limited, effective April 10, 2021. The earlier directions had been extended and modified over time.

From April 10, 2021, the bank is no longer operating under the withdrawn Section 35A directions. The earlier restrictions no longer apply, so depositors and the bank’s operations are no longer subject to those specific conditions.

• Section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS)
• sub-section (2) of section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS)

RBI extended the existing restrictions on Kolikata Mahila Co-operative Bank Limited for another three months. The bank may continue operations, but only subject to the imposed directions.

The bank remains operational but continues to face RBI-imposed restrictions for the extended period ending April 09, 2021. Customers and counterparties must continue to deal with the bank under those constraints, and RBI may alter the directions later depending on the bank’s condition.

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

RBI extended the existing Section 35A directions on Kolikata Mahila Co-operative Bank Limited for another three months. The bank remains allowed to do business only subject to restrictions.

The bank remains under RBI-imposed operating restrictions through January 09, 2021 and can continue banking business only within those limits. Depositors and customers may continue to face restrictions associated with the directions, while RBI retains the ability to modify them later.

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

RBI extended its existing Section 35A directions on Kolikata Mahila Co-operative Bank Limited for another three months. The bank can continue banking business, but only under restrictions.

The bank remains subject to RBI-imposed operating restrictions through October 9, 2020, and may continue banking business only within those limits. Depositors and customers continue to face restricted service conditions while RBI retains the ability to modify the directions depending on circumstances.

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

RBI extended its existing Section 35A directions on Kolikata Mahila Co-operative Bank Limited for another six months. The bank will continue operating with restrictions.

Kolikata Mahila Co-operative Bank Limited remains subject to RBI-imposed operating restrictions for the extended six-month period ending July 09, 2020. The bank can continue banking business only within those limits, and RBI may modify the directions depending on circumstances.

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

RBI placed Kolikata Mahila Cooperative Bank under Section 35A operating directions. The bank faces restrictions on lending, deposits, investments and payments, with depositor withdrawals capped at ₹1,000 per account.

The bank must operate under RBI-imposed restrictions and cannot freely expand liabilities, lending, investments, or asset disposals without prior approval. Depositors are affected by a withdrawal cap of ₹1,000 per account, and borrowers/sureties may see deposits adjusted against outstanding liabilities. The directions remain in force for six months from July 9, 2019 unless modified or reviewed by RBI.

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