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The Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati, Maharashtra

Co-operative bankAmravati, Maharashtra

A source-linked record of 9 RBI actions, their timing, severity, and recurring regulatory themes.

At a Glance

Total actions
9
Total penalties
Rs 0
Latest action
28 Oct 2024

Enforcement Fingerprint

9 actions across 3 years.

PenaltyRestrictionLicence actionLiftedOther

Action Mix

Business restriction9

Lifecycle Mix

Extension8
Fresh imposition1

Severity Mix

S4 High9

Source-linked record

Action History

9 linked actions

2024

4

Case brief

RBI has extended its existing Section 35A directions on The Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati, Maharashtra. The restrictions now continue until the close of business on January 28, 2025.

Impact

The bank remains subject to the same RBI-imposed operating restrictions through January 28, 2025, unless reviewed earlier. The extension continues to constrain the bank's operations and any affected customers, counterparties, or depositors must continue to operate within the existing terms of the directive.

Why RBI acted

Other

Regulatory basis

  • 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

Case brief

RBI extended its existing Section 35A directions on The Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati, for three more months. The prior restrictions remain in force unchanged.

Impact

The bank must continue operating under the same RBI-imposed restrictions until close of business on October 28, 2024, unless the directive is modified earlier. The restrictions affect the bank’s operations and, indirectly, its customers/depositors who remain subject to the existing conditions.

Why RBI acted

Other

Regulatory basis

  • 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

Case brief

RBI extended its existing Section 35A directions against The Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati, Maharashtra. The directions now run until the close of business on July 28, 2024.

Impact

The bank remains subject to the same RBI-imposed operational restrictions during the extended period, and must continue complying with all unchanged terms of the directive until July 28, 2024 or until RBI reviews it further. This affects the bank’s operations and, indirectly, its customers and counterparties by keeping the existing constraints in place.

Why RBI acted

Other

Regulatory basis

  • 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

Restrictions

Business Restriction

Case brief

RBI has extended its existing directions on The Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati, by three months. The order now continues until the close of business on April 28, 2024.

Impact

The bank remains subject to the existing RBI restrictions until April 28, 2024, unless reviewed earlier. Its operations continue under the same conditions as before, and the extension sustains any limits already imposed on the bank and its customers.

Why RBI acted

Other

Regulatory basis

  • 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

2023

4

Case brief

RBI extended its existing Section 35A directions on The Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati, Maharashtra. The order now continues until the close of business on January 28, 2024.

Impact

The bank remains subject to the same operating restrictions under the RBI directive for the extended period. Customers, including depositors and other counterparties, continue to be affected by the unchanged terms of the order until the new expiry date, unless RBI reviews and alters it earlier.

Why RBI acted

Other

Regulatory basis

  • 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

Case brief

RBI extended its existing Section 35A directions for The Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati, Maharashtra. The directive now continues from July 29, 2023 to October 28, 2023, with no other changes.

Impact

The bank remains subject to the same operational restrictions already imposed under the directive for the extended period. The extension affects the bank’s management and business operations, and indirectly impacts its customers and counterparties until October 28, 2023 unless further modified or withdrawn.

Regulatory basis

  • 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

Case brief

RBI has extended its existing directions against The Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati, Maharashtra for another three months. The terms remain unchanged.

Impact

The bank remains under the same RBI-imposed operating conditions for the extension period, with the existing directions continuing to govern its activities. The order affects the bank and, indirectly, its customers and counterparties until July 28, 2023 unless modified earlier on review.

Why RBI acted

Other

Regulatory basis

  • 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

Case brief

RBI extended the existing All Inclusive Directions on The Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati, Maharashtra for another three months. The original terms remain unchanged.

Impact

The bank remains under the same operating restrictions already imposed by RBI, now for an additional three-month period. Customers and counterparties continue to be affected by the existing conditions of the directive until April 28, 2023, unless RBI modifies or lifts it earlier.

Why RBI acted

Other

Regulatory basis

  • 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

2022

1

Case brief

RBI imposed Section 35A directions on Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati. The bank faces restrictions on lending, deposits, liabilities, investments and asset disposals, with depositor withdrawals capped.

Impact

The bank must operate under RBI-imposed restrictions for six months from the close of business on July 28, 2022, unless modified earlier. Its ability to lend, accept deposits, borrow, invest, make payments, and dispose of assets is constrained, and depositors can withdraw only up to the specified cap subject to conditions.

Why RBI acted

Capital & exposure normsLending normsCustomer protectionOther

Regulatory basis

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

Restrictions

Loan RestrictionInvestment RestrictionLiability RestrictionDeposit RestrictionPayment RestrictionCompromise RestrictionAsset Disposal RestrictionWithdrawal Cap