Shimsha Sahakara Bank Niyamitha, Maddur

RBI confirms that the banking licence cancellation of Shimsha Sahakara Bank Niyamitha, Maddur has revived and remains in force. The bank is barred from conducting banking and other Section 6 business immediately.

The bank cannot accept deposits, extend banking services, or conduct other business permitted under Section 6. Customers and counterparties are affected by the continued prohibition, and the restriction takes immediate effect.

• Section 5(b) read with Section 56 of the Banking Regulation Act, 1949
• Section 6 of the Banking Regulation Act, 1949

RBI has extended its existing Section 35A directions on Shimsha Sahakara Bank Niyamitha for another six months. The other terms of the directive remain unchanged.

The bank remains under the same RBI-imposed operating conditions for another six months, with the directive continuing unchanged until May 24, 2026 unless reviewed earlier. This affects the bank’s operations and any customers or counterparties subject to the directive’s restrictions.

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

RBI has extended its existing Directions on Shimsha Sahakara Bank Niyamitha, Maddur, by six months. The directive now remains in force until close of business on November 24, 2025.

The bank continues to operate under the same RBI-imposed conditions through November 24, 2025, subject to review. The extension preserves the existing operational restrictions affecting the bank and its customers/constituents, with no change to the underlying terms of the directive.

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

RBI has extended its existing Section 35A read with Section 56 directions against Shimsha Sahakara Bank Niyamitha, Maddur, for another six months. The earlier terms and conditions remain unchanged.

The bank must continue operating under the same RBI restrictions until close of business on May 24, 2025, unless reviewed earlier. Customers, depositors, and counterparties remain subject to whatever operational limits were already in place under the directive, with no change to the existing conditions.

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

RBI has extended the All Inclusive Directions on Shimsha Sahakara Bank Niyamitha for another three months. The bank remains under operational restrictions because its financial position is still weak.

The bank must continue operating under the same RBI-imposed AID restrictions until November 24, 2024, unless further modified. Depositors and customers remain subject to the limits and controls in the existing directive, and the bank’s normal business flexibility remains constrained during the extension period.

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

RBI has extended its existing Section 35A directions on Shimsha Sahakara Bank Niyamitha for three more months. The directive now runs up to close of business on August 24, 2024.

The bank remains subject to the existing RBI directions for an additional three months, meaning its operations continue under the same restrictions until close of business on August 24, 2024, unless further modified. Depositors and other stakeholders remain affected by the continuing constraints imposed by the directive.

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

RBI has extended its existing Section 35A directions for Shimsha Sahakara Bank Niyamitha, Maddur. The restrictions now continue until the close of business on May 24, 2024.

The bank remains subject to the same RBI-imposed operating restrictions for an additional three months, subject to review. Customers and counterparties continue to be affected by the unchanged terms of the directive until the new expiry date.

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

RBI has extended its Section 35A directions on Shimsha Sahakara Bank Niyamitha, Maddur, for three more months. The terms of the earlier directive remain unchanged.

The bank continues to operate under the RBI’s existing restrictions until close of business on February 24, 2024, unless the directive is reviewed earlier. Depositors, borrowers, and other counterparties remain subject to the operational limits imposed by the continuing Section 35A directions.

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

RBI extended its existing directions against Shimsha Sahakara Bank Niyamitha, Maddur for three more months. The terms remain unchanged.

The co-operative bank continues to operate under the same RBI-imposed restrictions for the extended period. Customers, depositors, and counterparties remain subject to the operational limits in the directive until November 24, 2023, unless RBI reviews and modifies it earlier.

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

RBI placed Shimsha Sahakara Bank Niyamitha under restrictive Section 35A directions. The bank was barred from fresh lending, deposit acceptance, payments, and withdrawals beyond the specified conditions.

The bank must operate under RBI-imposed constraints for the stated period, limiting core banking activity and liquidity movements. Depositors face withdrawal restrictions, while the bank requires RBI approval for several transactions and asset/liability actions until the directions are modified or expire.

• Section 35 A of the Banking Regulation Act, 1949
• Section 56 of the Banking Regulation Act, 1949
• Section 18A of the DICGC Act (amendment) 2021