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Shri Swami Samarth Urban Cooperative Bank Ltd., Naldurg (Osmanabad), Maharashtra

Co-operative bankNaldurg, 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
13 Feb 2015

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

2015

1

Case brief

RBI extended its restrictions on Shri Swami Samarth Urban Cooperative Bank Ltd. till May 13, 2015. The bank remains under operational limits on lending, deposits, payments, and asset disposal.

Impact

The bank must continue operating under RBI-imposed restrictions until May 13, 2015 unless modified earlier. Its ability to lend, raise fresh funds, invest, make payments, and dispose of assets remains constrained, while depositors face a withdrawal cap of Rs. 1,000 per account on one occasion during the directions period.

Why RBI acted

Capital & exposure normsCustomer protectionLending norms

Regulatory basis

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

Restrictions

Withdrawal CapLending RestrictionInvestment RestrictionLiability RestrictionDeposit Acceptance RestrictionPayment RestrictionCompromise Or Arrangement RestrictionAsset Disposal Restriction
View Case BriefView RBI Release

2014

1

Case brief

RBI extended its Section 35A directions on Shri Swami Samarth Urban Cooperative Bank Ltd. till February 13, 2015. The bank remains subject to broad operational restrictions, including limits on lending, deposits, payments, and withdrawals.

Impact

The bank must continue operating under RBI-imposed restrictions through February 13, 2015, including no fresh lending, no fresh deposits, no new liabilities, and no unrestricted disbursements or asset disposal. Depositors are limited to a one-time withdrawal of up to Rs 1,000 per account during the directions period. The bank remains open for banking business but only within the constraints set by RBI.

Why RBI acted

Lending normsCapital & exposure normsCustomer protectionOther

Regulatory basis

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

Restrictions

Lending RestrictionInvestment RestrictionLiability RestrictionDeposit Acceptance RestrictionPayment Disbursement RestrictionCompromise Arrangement RestrictionAsset Disposal RestrictionWithdrawal Cap
View Case BriefView RBI Release