Skip to Main Content

Shri Sai Urban Co-operative Bank Ltd

Co-operative bankMukhed, Maharashtra

A source-linked record of 2 RBI actions, their timing, severity, and recurring regulatory themes.

At a Glance

Total actions
2
Total penalties
Rs 0
Latest action
3 Oct 2016

Enforcement Fingerprint

2 actions across 1 years.

PenaltyRestrictionLicence actionLiftedOther

Action Mix

Business restriction2

Lifecycle Mix

Extension2

Severity Mix

S4 High2

Source-linked record

Action History

2 linked actions

2016

2

Case brief

RBI extended the existing Section 35A directions on Shri Sai Urban Co-operative Bank Ltd. until December 31, 2016. The bank remains able to do business only under restrictions.

Impact

The bank remains subject to RBI-imposed operational restrictions through December 31, 2016, and may only continue banking business within those limits. Depositors and counterparties are affected to the extent the directions curb normal operations, and RBI may later modify the restrictions depending on circumstances.

Why RBI acted

Governance oversightCapital & exposure norms

Regulatory basis

  • Section 35A(1) of the Banking Regulation Act, 1949 (AACS)
View Case BriefView RBI Release

Case brief

RBI has extended the Section 35A directions on Shri Sai Urban Co-operative Bank Ltd., Mukhed, till June 30, 2016. The bank may continue banking business only subject to restrictions.

Impact

The bank remains under RBI-imposed operational restrictions through June 30, 2016, and may continue banking business only within those constraints. Depositors and counterparties are affected indirectly because the bank's operations remain limited, though the licence has not been cancelled. The directions may be modified by RBI depending on circumstances.

Why RBI acted

Capital & exposure norms

Regulatory basis

  • Section 35A of the Banking Regulation Act, 1949 (AACS)
View Case BriefView RBI Release