The CKP Co-operative Bank Ltd

RBI cancelled the licence of The CKP Co-operative Bank Ltd., Mumbai, effective April 30, 2020. The bank will be wound up and liquidated, and its banking operations stop immediately.

The bank can no longer conduct banking business, including accepting or repaying deposits, with immediate effect. Liquidation proceedings will follow, and depositors will receive repayment through DICGC up to the statutory limit of ₹5,00,000, subject to the usual terms and conditions.】【。িট➡️

• Section 11 (1) read with Section 56 of the Banking Regulation Act, 1949
• Section 22(3)(d) of the Banking Regulation Act, 1949
• Section 22(3)(a) read with Section 56 of the Banking Regulation Act, 1949

+4 more in the case brief

RBI extended the existing Section 35A directions on The CKP Co-operative Bank Ltd., Mumbai, for another two months. The bank remains under the same operating restrictions until May 31, 2020, subject to review.

The bank must continue operating under the same RBI-imposed conditions through May 31, 2020, subject to further review. Depositors and other stakeholders remain affected by the ongoing restrictions until the directions are modified or withdrawn.

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

RBI extended the Section 35A directions on The CKP Co-operative Bank Ltd., Mumbai, for two more months. The bank remains subject to the earlier operating restrictions unchanged.

The bank continues to operate under the same RBI-imposed restrictions for the extension period through March 31, 2020, subject to review. Depositors, customers, and counterparties remain affected by whatever limits were already in force under the original directions, which are not modified by this release.

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

RBI extended the Section 35A directions on CKP Co-operative Bank, Mumbai, for another three months. The restriction continues unchanged, subject to review.

The bank remains under RBI-imposed operating restrictions for the extension period ending January 31, 2020, and must continue to comply with the existing conditions in the directive. Depositors and other stakeholders remain subject to the same constraints as before, with the order continuing subject to review rather than being lifted.

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

RBI extended the existing Section 35A directions on The CKP Co-operative Bank Ltd., Mumbai for one more month. The order continues the bank's operating restrictions through October 31, 2019.

The bank remains subject to RBI-imposed operational restrictions for the extension period ending October 31, 2019, subject to review. Depositors and other stakeholders continue to face the consequences of the existing directions until RBI further modifies or withdraws them.

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

RBI extended the existing Section 35A directions on The CKP Co-operative Bank Ltd, Mumbai, for another three months. The bank remains under the same operational restrictions through September 30, 2019.

The bank must continue operating under the existing RBI-imposed restrictions until September 30, 2019, unless further modified or withdrawn on review. The restrictions affect the bank’s operations and, indirectly, its depositors and other stakeholders, who remain subject to the terms of the continuing directions.

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

RBI extended the existing Section 35A directions on The CKP Co-operative Bank Ltd., Mumbai, for one more month. The bank remained under the same operating restrictions subject to review.

The bank remains subject to the same RBI-imposed operational restrictions for the extended period, affecting its business activities until June 30, 2019 unless further modified or withdrawn. Depositors and other stakeholders continue to be governed by the existing conditions under the directive.

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

RBI extended the Section 35A directions on CKP Co-operative Bank, Mumbai for another three months. The bank remains under the same operating restrictions subject to review.

The bank continues to operate under RBI-imposed Section 35A conditions through May 31, 2019, with the restrictions remaining in force unless reviewed or changed earlier. Customers and counterparties remain affected by the operating constraints attached to the directions.

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

RBI extended the existing Section 35A directions on CKP Co-operative Bank, Mumbai, for another three months. The bank remains under operating restrictions subject to review.

The bank continues to operate under RBI-imposed Section 35A directions during the extension period, with ongoing restrictions that may affect normal banking operations. Depositors and other stakeholders remain subject to the constraints of the directive until the next review or further order.

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

RBI extended its Section 35A directions on The CKP Co-operative Bank Ltd., Mumbai, for four more months. The existing restrictions remain in force from August 1, 2018 to November 30, 2018, subject to review.

The bank must continue to comply with the RBI's existing operating restrictions through November 30, 2018, unless reviewed or modified earlier. Depositors, customers, and counterparties remain subject to the constraints imposed under the Section 35A directions.

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

RBI extended the existing Section 35A directions on The CKP Co-operative Bank Ltd., Mumbai, for another four months. The bank remains under restrictions subject to review.

The bank continues to operate under RBI-imposed restrictions through July 31, 2018, unless reviewed/changed earlier. Depositors, counterparties, and other stakeholders remain affected by the ongoing Section 35A directions, which constrain the bank’s normal operating flexibility.

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

RBI extended the existing Section 35A directions on CKP Co-operative Bank, Mumbai, for another four months. The bank continues to operate under the same restrictions subject to review.

The bank must continue complying with the existing RBI directions through March 31, 2018, subject to any further review or modification. Customers and counterparties remain affected by the operating restrictions already in force, and the bank cannot assume normal operations until the directions are lifted or changed.

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

RBI extended the existing Section 35A directions on CKP Co-operative Bank, Mumbai, for another four months. The bank remains under the same operational restrictions subject to review.

The bank must continue to operate under the existing RBI-imposed restrictions until November 30, 2017 unless further modified. Depositors, customers, and counterparties remain subject to the constraints flowing from the directions, and the bank’s normal business operations continue only within the limits set by RBI.

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

RBI extended existing Directions against The CKP Co-operative Bank Ltd., Mumbai, for six more months. The bank remains under operational restrictions, with some partial relaxations and conditions.

The bank continues to operate under RBI-imposed restrictions until July 31, 2017 unless reviewed earlier. Depositors and borrowers are affected by the conditions on deposit adjustment and the prohibition on CC renewal for withdrawal purposes, while the bank must comply with the modified operational limits.

RBI extended the existing directions on CKP Co-operative Bank Ltd, Mumbai, for another six months. The bank remains under the same operational conditions until January 31, 2017, subject to review.

CKP Co-operative Bank Ltd continues to operate under RBI-imposed directions, meaning its activities remain constrained under the unchanged terms of the existing order through January 31, 2017, unless modified earlier on review. Public customers and depositors are affected by the continuing restrictions until the directive is lifted or further extended.

RBI extended the existing directions on CKP Co-operative Bank Ltd, Mumbai, until July 31, 2016. The bank remained subject to withdrawal restrictions, including a ₹10,000 cap per depositor account.

CKP Co-operative Bank continues to operate under RBI-imposed restrictions through July 31, 2016. Depositors remain constrained by the ₹10,000 withdrawal cap per account, and any depositor who also owes money to the bank may have withdrawals adjusted against those liabilities first. The bank itself remains under supervisory restriction, with no change to the other conditions of the original directive.

RBI penalised CKP Co-operative Bank Ltd., Mumbai, with a Rs 5 lakh monetary penalty. The penalty followed multiple violations of RBI directives and prudential norms.

CKP Co-operative Bank must absorb the penalty and continue operating under existing regulatory requirements. The order does not impose a new operational restriction, but it highlights compliance expectations around lending, exposures, related-party transactions, and AML reporting.

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