The C.K.P. Co-operative Bank Ltd

RBI extended its directions on The C.K.P. Co-operative Bank Ltd., Mumbai, for another three months. The existing restrictions continue unchanged.

The bank remains subject to the same operational restrictions previously imposed by RBI for the extended period, and its business continues under the existing terms of the directive. The action affects the bank and, indirectly, its customers and counterparties who remain subject to whatever deposit/transaction constraints the directions already imposed, until the new expiry date or further review.

RBI further extended the existing directions on The C.K.P. Co-operative Bank Ltd., Mumbai, for three months. The bank remains under the same operational restrictions, subject to review.

The bank continues to operate under the same RBI-imposed restrictions for an additional three months, subject to review. Customers and depositors remain affected by the continuing conditions of the directive until RBI modifies or lifts it.

RBI extended the existing directions on The C.K.P.Co-operative Bank Ltd., Mumbai, for another six months. The bank continues to operate subject to the same unchanged restrictions.

The bank remains under the same RBI-imposed directions for the extended period, with no relaxation of conditions. Any operational constraints tied to the original directions continue to apply to the bank and affect its customers and counterparties until the review changes the order.

RBI extended the existing directions on The C.K.P.Co-operative Bank Ltd., Mumbai, for another three months from the close of business on November 1, 2014. The underlying terms stayed unchanged.

The bank remains subject to the same RBI operating restrictions for the additional three-month period ending after November 1, 2014, unless the directions are revised or withdrawn on review. The restriction continues to affect the bank, and indirectly its customers and other stakeholders, until the directive is changed.

RBI placed The C.K.P. Co-operative Bank Ltd., Mumbai under Section 35A operating directions. The bank faced restrictions on lending, investments, liabilities, deposits, and payments, with only limited withdrawals permitted.

The bank cannot freely expand assets, take on new liabilities, accept fresh deposits, or make payments without prior RBI approval, and depositors face a withdrawal cap of Rs. 1,000 per account subject to conditions. The restrictions remain in force from the close of business on May 02, 2014 until modified by RBI.

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