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Shatabdi Mahila Sahakari Bank Ltd., Thane

Co-operative bankThane, Maharashtra

A source-linked record of 3 RBI actions, their timing, severity, and recurring regulatory themes.

At a Glance

Total actions
3
Total penalties
Rs 0
Latest action
16 May 2016

Enforcement Fingerprint

3 actions across 2 years.

PenaltyRestrictionLicence actionLiftedOther

Action Mix

Business restriction3

Lifecycle Mix

Extension3

Severity Mix

S4 High3

Source-linked record

Action History

3 linked actions

2016

1

Case brief

RBI extended its existing directions on Shatabdi Mahila Sahakari Bank Ltd., Thane until November 17, 2016. The bank remains subject to the same operating restrictions, with no change to other terms and conditions.

Impact

The bank continues to operate under RBI-imposed restrictions until November 17, 2016 unless reviewed/changed earlier. Depositors and counterparties remain subject to the constraints of the existing directive, while the bank must comply with the unchanged terms of the order.

Why RBI acted

Other

Restrictions

Directions Extension

2015

2

Case brief

RBI extended the existing directions on Shatabdi Mahila Sahakari Bank Ltd., Thane until May 17, 2016. The terms of the order remained unchanged.

Impact

The bank continues to operate under the same RBI restrictions until May 17, 2016, subject to review. Depositors and other stakeholders remain affected by the ongoing limitations imposed by the directions, and the bank cannot treat the extension as a relaxation of the earlier order.

Why RBI acted

Other

Case brief

RBI extended its existing Section 35A directions on Shatabdi Mahila Sahakari Bank Ltd., Thane for three more months. The operating terms remained unchanged.

Impact

The bank continues to operate under RBI-imposed restrictions until November 17, 2015, subject to review. Depositors and other stakeholders remain affected by the unchanged operational constraints already in place under the directions.

Why RBI acted

Other

Regulatory basis

  • Section 35A of the Banking Regulation Act, 1949

Restrictions

Business Restriction