Sri Bharathi Co-operative Urban Bank Ltd

RBI imposed a penalty of Rs 1.50 lakh on Sri Bharathi Co-operative Urban Bank Limited, Hyderabad for regulatory non-compliance. The bank breached directions on director-related lending and small value loan requirements.

The bank must absorb the monetary penalty and address the compliance gaps identified by RBI, especially around related-party lending controls and the small-value-loan composition requirement. The order does not by itself invalidate the underlying transactions, but RBI has reserved the right to take any further action it deems appropriate.

• Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949

RBI withdrew the All Inclusive Directions imposed on Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad. The withdrawal took effect from March 19, 2020.

The bank is restored from the prior RBI restriction with effect from March 19, 2020. No new punitive or restrictive action is imposed by this release, so the immediate forward-looking impact is the lifting of the earlier operational conditions under the Section 35A directions.

• Section 35 A read with Section 56 of the Banking Regulation Act, 1949
• sub-section (2) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949

RBI extended the existing Section 35A directions on Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad, Telangana. The bank remains under the same conditions, with the directive now valid up to April 02, 2020.

The bank continues to operate under the same RBI-imposed conditions through April 02, 2020 unless reviewed earlier. Depositors, customers, and counterparties remain subject to the restrictions already contained in the directive, and no new relief or expansion of operations is announced here.

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

RBI has extended the existing Section 35A directions on Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad. The order remains in force unchanged for another six months.

The bank remains subject to the same RBI-imposed operational restrictions until January 02, 2020, unless reviewed earlier. Depositors, customers, and counterparties continue to be affected by the ongoing directive, and the bank must comply with the unchanged conditions of the order.

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

RBI placed Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad under restrictive directions under Section 35A. The bank faces caps on withdrawals and cannot undertake key lending, liability, or deposit activities without RBI approval.

The bank must operate under RBI-imposed restrictions, with limited cash withdrawals for depositors and no fresh lending, liability creation, or fresh deposit acceptance without approval. Borrowers, depositors, and sureties are directly affected, and the restrictions apply from the close of business on January 02, 2019 for six months unless reviewed or modified by RBI.

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

RBI imposed a penalty of Rs 2 lakh on Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad. The action was for violating RBI directions under Section 35A and compliance-report submission requirements.

The bank must absorb the monetary penalty and address the compliance deficiencies identified by RBI, especially around adherence to Section 35A directions and timely/accurate submission of compliance reports. The release does not mention any further operational restriction beyond the fine.

• Section 47A (1) (c) read with Section 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies)
• Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies)

RBI withdrew the earlier Section 35A directions imposed on Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad. The withdrawal took effect on August 18, 2017.

The prior Section 35A restrictions no longer apply from August 18, 2017, so the bank is relieved of that specific regulatory direction. However, it must still follow any separate operational instructions that remain in force.

• Section 35A read with Section 56 of Banking Regulation Act, 1949
• sub-section (2) of section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS)

RBI extended and modified its existing directions on Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad. The bank remains subject to withdrawal caps and other operating conditions until August 31, 2017.

The bank must continue operating under RBI-imposed restrictions through August 31, 2017, including caps on depositor withdrawals and compliance with conditions for renewals and set-offs. Depositors face restricted access to funds above the permitted threshold, while borrowers and sureties may have deposits adjusted against liabilities where permitted under the directive.

• Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies)
• Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS)

RBI placed Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad under Section 35A directions with significant operating restrictions. The bank can continue business only subject to limits on lending, deposits, liabilities, and withdrawals.

The bank must operate under RBI-imposed restrictions from August 29, 2016 for six months unless modified or reviewed earlier. Borrowing, lending, fresh deposits, and most liability-creating activities are curtailed; depositors face withdrawal limits, though term-deposit renewals and limited permitted transactions remain allowed.

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