Shivam Sahakari Bank Ltd., Ichalkaranji, Dist. - Kolhapur, Maharashtra

RBI extended the existing directions on Shivam Sahakari Bank Ltd., Ichalkaranji, continuing the restrictions already in force. The bank remains subject to the order through July 31, 2020, subject to review.

The bank continues to operate under RBI-imposed directions until July 31, 2020, unless reviewed or modified earlier. Customers and counterparties remain subject to whatever operational restrictions the directions impose, and the extension signals ongoing supervisory concern about the bank’s financial condition.

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

RBI extended the existing Directions on Shivam Sahakari Bank Ltd., Ichalkaranji, Maharashtra, until March 31, 2020. This is a continuation of the earlier restriction, not a new penalty.

The bank continues to operate under the existing RBI directions through March 31, 2020, subject to review. Depositors and counterparties remain subject to the operational constraints already in place under the order.

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

RBI extended the existing Section 35A directions on Shivam Sahakari Bank Ltd., Ichalkaranji, keeping the restrictions in force until January 31, 2020. The release does not announce a new penalty, only the continuation of the prior order.

The bank continues to operate under RBI-imposed directions, with its activities constrained for the extended period until January 31, 2020, subject to further review. Depositors and other stakeholders remain affected by the ongoing restrictions, which are publicly displayed at the bank premises.

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

RBI extended the existing Directions on Shivam Sahakari Bank Ltd., Ichalkaranji, Maharashtra, until November 30, 2019. The earlier restriction continues unchanged, subject to review.

The bank remains under the same RBI-imposed operational restrictions through November 30, 2019, unless further modified or withdrawn on review. Depositors, customers, and counterparties continue to be affected by the existing conditions imposed under the Directions.

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

RBI extended the Section 35A Directions on Shivam Sahakari Bank Ltd., Ichalkaranji, up to October 19, 2019. The bank remains under operating restrictions subject to review.

The bank continues to operate under RBI-imposed restrictions until October 19, 2019, unless modified earlier on review. Depositors and customers remain subject to the operational limits contained in the underlying Directions.

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

RBI extended its existing Directions on Shivam Sahakari Bank Ltd., Ichalkaranji, for another three months. The bank continues to operate under the same restrictions.

The bank remains subject to RBI-imposed operational restrictions for the extended period through August 19, 2019. Customers and counterparties must continue to deal with the bank under the conditions of the standing Directions until RBI changes or withdraws them.

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

RBI extended the existing directions on Shivam Sahakari Bank Ltd. for another six months. The bank remains under operational restrictions until May 19, 2019.

The bank must continue complying with the existing RBI directions through May 19, 2019. Customers and depositors remain subject to whatever operational limits are contained in the original directions, and the extension does not signal RBI satisfaction with the bank’s financial position.

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

RBI placed Shivam Sahakari Bank Ltd. under Directions, restricting withdrawals and requiring prior approval for key business activities. The bank may continue operations only within those constraints.

Depositors face withdrawal caps of ₹1,000 per account, and the bank cannot expand credit or take on fresh liabilities without RBI approval. Core operating flexibility is restricted from May 19, 2018, until RBI modifies the directions.

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