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Shri Shivaji Sahakari Bank Ltd., Gadhinglaj, Kolhapur, Maharashtra

Co-operative bankGadhinglaj, 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
21 Apr 2014

Enforcement Fingerprint

2 actions across 2 years.

PenaltyRestrictionLicence actionLiftedOther

Action Mix

Business restriction2

Lifecycle Mix

Extension2

Severity Mix

S4 High2

Source-linked record

Action History

2 linked actions

2014

1

Case brief

RBI extended existing Section 35A directions on Shri Shivaji Sahakari Bank Ltd., Gadhinglaj for another six months. The original restrictions continue unchanged.

Impact

The bank remains subject to the same RBI-imposed operating restrictions for the extended period through October 24, 2014. Customers and counterparties continue to face the consequences of the directions, and the bank must comply with the unchanged terms until the order is reviewed or otherwise modified.

Why RBI acted

Other

Regulatory basis

  • Section 35A of the Banking Regulation Act, 1949

Restrictions

Business Restriction

2013

1

Case brief

RBI extended the existing Section 35A directions on Shri Shivaji Sahakari Bank Ltd. for another six months. The bank remains under the same terms and conditions as before.

Impact

The bank continues to operate under the same RBI-imposed restrictions until April 24, 2014, with no change to the existing terms. Customers and counterparties remain subject to the operational limitations already in place under the Section 35A directions, and the bank must comply with the extended order and display the directive at its premises.

Why RBI acted

Governance oversight

Regulatory basis

  • Section 35A of the Banking Regulation Act, 1949

Restrictions

Business Restriction