Skip to Main Content

The Choundeshwari Sahakari Bank Ltd, Ichalkaranji, Kolhapur

Co-operative bankIchalkaranji, Kolhapur

A source-linked record of 4 RBI actions, their timing, severity, and recurring regulatory themes.

At a Glance

Total actions
4
Total penalties
Rs 0
Latest action
30 May 2016

Enforcement Fingerprint

4 actions across 2 years.

PenaltyRestrictionLicence actionLiftedOther

Action Mix

Business restriction4

Lifecycle Mix

Extension4

Severity Mix

S4 High4

Source-linked record

Action History

4 linked actions

2016

1

Case brief

RBI extended the existing directions on The Choundeshwari Sahakari Bank Ltd, Ichalkaranji, Kolhapur until November 30, 2016. The terms of the directive remained unchanged.

Impact

The bank remained subject to the same RBI directions and operating restrictions through November 30, 2016, with no change in conditions. Customers and counterparties continued to deal with the bank under the existing constraints until the extended period expired or RBI modified the directive again.

Why RBI acted

Other

Restrictions

Business Restriction

2015

3

Case brief

RBI extended its existing directions on Choundeshwari Sahakari Bank Ltd, Ichalkaranji, Kolhapur till May 31, 2016. The earlier terms remain unchanged.

Impact

The bank continues to operate under the same RBI-imposed restrictions through May 31, 2016, with any operational constraints from the underlying directive still in force. Depositors and other stakeholders remain subject to the conditions of the order until RBI reviews and changes it.

Why RBI acted

Other

Restrictions

Business Restriction

Case brief

RBI extended the Section 35A directions on Choundeshwari Sahakari Bank Ltd, Ichalkaranji, Kolhapur for another three months. The existing terms of the directive remained unchanged.

Impact

The bank continues to operate under RBI-imposed restrictions for the extended period beginning September 1, 2015, and must comply with the unchanged conditions of the directive. Depositors and counterparties remain subject to the existing operational constraints until RBI reviews and changes the order.

Why RBI acted

Other

Regulatory basis

  • Section 35A of the Banking Regulation Act, 1949

Restrictions

Business Restriction

Case brief

RBI extended the existing directions on The Choundeshwari Sahakari Bank Ltd, Ichalkaranji, Kolhapur for another six months. The bank remains under Section 35A restrictions.

Impact

The bank continues to operate under RBI-imposed Section 35A directions through August 31, 2015, subject to review. Customers and counterparties remain affected by the ongoing restrictions until RBI changes or withdraws the order.

Why RBI acted

Other

Regulatory basis

  • sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies)
  • Section 56 of the Banking Regulation Act, 1949

Restrictions

Business Restriction