The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala

RBI cancelled the banking licence of The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala and notified it as a non-banking institution. The bank must stop banking operations, including accepting deposits from non-members.

With effect from the close of business on April 24, 2023, the entity cannot operate as a bank and must cease accepting deposits from non-members. It remains obligated to repay unpaid and unclaimed deposits of non-members whenever demanded, even after being treated as a non-banking institution.

• Section 36 A(2) read with section 56 of the Banking Regulation Act, 1949
• Section 22 read with section 56 of the Banking Regulation Act, 1949
• section 5(b) of the Act

RBI extended its existing Section 35A directions on The Adoor Co-operative Urban Bank Ltd., Adoor, Kerala. The directions continue unchanged for one more month, from April 10, 2023 to May 09, 2023.

The bank remains under the same RBI operating constraints for the extension period. It must continue complying with the existing directions until May 09, 2023 (subject to review), and the restriction continues to affect the bank’s operations and customers during that period.

• section 35 A read with section 56 of the Banking Regulation Act, 1949 (AACS)
• sub-section (1) of section 35 A read with section 56 of the Banking Regulation Act, 1949

RBI extended its Section 35A directions for The Adoor Co-operative Urban Bank Ltd., Adoor, Kerala by one more month. The earlier terms continue unchanged, subject to review.

The bank remains subject to the existing RBI operating directions for another month, with the same restrictions and conditions as before. The change does not lift any restriction; it simply continues the current regime, subject to further review.

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

RBI extended the Section 35A directions on The Adoor Co-operative Urban Bank Ltd. for another month. The existing restrictions continue unchanged.

The bank remains subject to the same RBI operating restrictions for the extended period, from February 10, 2023 to March 09, 2023. Customers and counterparties must continue to operate under the existing conditions imposed by the directive until RBI reviews or further extends it.

• section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS)
• sub-section (1) of section 35 A read with section 56 of the Banking Regulation Act, 1949

RBI extended the Section 35A directions applicable to The Adoor Co-operative Urban Bank Ltd., Adoor, Kerala. The restrictions continue unchanged for one more month.

The bank remains subject to the same RBI-imposed operating restrictions for the extended period, from January 10, 2023 to February 09, 2023. Customers and counterparties continue to face whatever limits are contained in the underlying directions, which are not modified by this release.

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

RBI extended the existing Section 35A directions on The Adoor Co-operative Urban Bank Ltd for one more month. The earlier restrictions continue unchanged from December 10, 2022 to January 9, 2023, subject to review.

The bank remains under the same RBI operating restrictions for the extension period, with unchanged terms and conditions. The restrictions continue to apply from December 10, 2022 through January 9, 2023, and may be reviewed again by RBI.

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

RBI extended its existing directions on The Adoor Co-operative Urban Bank Ltd for another three months. The order continues the earlier restrictions unchanged.

The bank remains subject to the same operating restrictions under the RBI directions through December 09, 2022, unless reviewed earlier. Customers and counterparties continue to face the constraints imposed by the existing order; no relaxation is provided in this release.

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

RBI extended its existing Section 35A directions on The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala for another three months. The earlier operating restrictions continue unchanged.

The bank continues to operate under the existing RBI restrictions for the extension period, subject to review, with no change to the underlying terms. Customers and counterparties remain affected by the same operational limits until the directions expire or are further modified.

• section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS)
• sub-section (1) of section 35 A read with section 56 of the Banking Regulation Act, 1949

RBI extended its existing Section 35A directions against The Adoor Co-operative Urban Bank Ltd., Adoor, Kerala. The directions now continue from March 10, 2022 to June 9, 2022, subject to review.

The bank remains subject to the existing RBI operating directions for the extension period, meaning its business continues under the same restrictions as before. The order is subject to review and affects the bank’s operations until June 9, 2022 unless modified or withdrawn earlier.

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

RBI extended the existing Section 35A directions on The Adoor Co-operative Urban Bank Ltd., Adoor, Kerala. The directions will now continue from December 10, 2021 to March 09, 2022, subject to review.

The bank remains under the same RBI-imposed operating conditions through March 09, 2022. No new penalty is mentioned, but the existing restrictions continue to bind the bank and affect its operations until the revised expiry date.

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

RBI extended the existing Section 35A directions on Adoor Co-operative Urban Bank for another three months. The earlier restrictions remain in force unchanged.

The bank must continue operating under the same RBI-imposed restrictions for the extended period ending December 9, 2021. Any stakeholders affected by the original directions, including customers and depositors, remain subject to those unchanged operating limits during the extension period.

• Section 35 A
• Section 56
• sub-section (1) of Section 35 A

RBI extended its existing directions against The Adoor Co-operative Urban Bank Ltd., Adoor, Kerala. The same conditions continue from June 10, 2021 to September 09, 2021.

The bank remains under the same RBI-imposed operating conditions for the extended period, with no change to the existing restrictions. The extension continues to constrain the bank’s operations until September 09, 2021, subject to further review.

• Section 35 A
• Section 56
• sub-section (1) of Section 35 A

+1 more in the case brief

RBI extended its existing directions on The Adoor Co-operative Urban Bank Ltd, Kerala, for another six months. The underlying terms remain unchanged and continue to apply subject to review.

The bank remains subject to the RBI directions for the extended period through June 09, 2021, and must continue operating under the same restrictions and conditions already in place. No new relief is provided to customers or counterparties; the prior operational constraints continue subject to review.

• Section 35 A read with Section 56 of the BR Act 1949 (AACS)
• sub-section (1) of Section 35 A read with section 56 of the Banking Regulation Act, 1949

RBI extended the existing Section 35A directions on Adoor Co-operative Urban Bank Ltd, Kerala. The restrictions will continue from August 10, 2020 to December 09, 2020, subject to review.

The bank must continue to operate under the same RBI-imposed restrictions until December 09, 2020 unless reviewed earlier. Customers and counterparties remain subject to the operational limits already embedded in the directions, and the bank cannot assume restoration of normal operations until the order is withdrawn or further modified.

• Section 35 A read with Section 56 of the BR Act (AACS), 1949
• sub-section (1) of Section 35 A read with section 56 of the Banking Regulation Act, 1949

RBI extended the Section 35A directions on The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala. The restrictions continue unchanged from May 10, 2020 to August 09, 2020.

The bank remains subject to the same RBI-imposed operational restrictions for the extension period, with the directions continuing to bind its activities until August 09, 2020 unless further reviewed/modified. Depositors and other stakeholders remain affected by the ongoing restrictions.

• Section 35 A read with Section 56 of the BR Act (AACS), 1949
• sub-section (1) of Section 35 A read with section 56 of the Banking Regulation Act, 1949

RBI extended its existing Section 35A directions on The Adoor Co-operative Urban Bank Ltd., Adoor, Kerala. The directions now continue from November 10, 2019 to May 09, 2020, with no change in other terms.

The bank remains subject to the same RBI directions and must continue operating under the existing restrictions until May 09, 2020, unless reviewed earlier. The extension affects the bank and, indirectly, its customers and counterparties who may face the continued operational constraints.

• Section 35 A read with Section 56 of the BR Act (AACS), 1949
• sub-section (1) of Section 35 A read with section 56 of the Banking Regulation Act, 1949

RBI relaxed the withdrawal limit earlier imposed on Adoor Co-operative Urban Bank Ltd., Adoor, Kerala. Deposit account withdrawals were increased to ₹25,000 per account under the modified directive.

Depositors of Adoor Co-operative Urban Bank Ltd. can withdraw up to ₹25,000 from each savings, current, or other deposit account, subject to the RBI’s stipulated conditions. The action does not impose a new restriction; it eases an earlier cap while leaving the remaining directions in force.

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

RBI has extended its existing directions on The Adoor Co-operative Urban Bank Ltd., Adoor, for another six months. The bank remains subject to withdrawal limits and several restrictions on core banking activities.

The bank remains under RBI-imposed operating constraints for the extension period, limiting customer withdrawals and preventing normal lending, investment, liability creation, and asset disposal activities unless RBI permits otherwise. Depositors, borrowers, and counterparties are directly affected until November 09, 2019 or until further review changes the directive.

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

RBI placed The Adoor Co-operative Urban Bank Ltd., Adoor, Kerala under Directions. The bank faces withdrawal caps and major restrictions on lending, deposits, liabilities, and asset disposal.

The bank continues to operate, but only within RBI-imposed constraints. Depositors face a withdrawal cap of ₹2,000 per account, while the bank is barred from expanding credit, raising fresh funds, or disposing of assets except as allowed by RBI until the directions expire or are modified.

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