The Kapol Cooperative Bank Ltd

RBI cancelled the licence of The Kapol Co-operative Bank Limited, Mumbai, Maharashtra. The bank must cease banking business immediately.

The bank cannot carry on banking business anymore, including accepting or repaying deposits. Depositors’ claims will move into liquidation and eligible depositors may receive insurance cover up to Rs 5 lakh from DICGC, subject to law and claim processing. The bank has also been requested to be wound up and a liquidator appointed.

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

+1 more in the case brief

RBI extended the existing Section 35A directions on The Kapol Co-operative Bank Ltd, Mumbai, Maharashtra. The restrictions will continue until October 31, 2023, with no other terms changed.

The bank continues to operate under the same RBI-imposed restrictions for the extended period, and the public-facing terms of the directions remain in force until October 31, 2023. Depositors, customers, and other stakeholders remain subject to the existing conditions; no relaxation or lifting is provided in this release.

• 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 Kapol Cooperative Bank Ltd., Mumbai, Maharashtra. The directions now continue till July 31, 2023, with all other terms unchanged.

The bank remains subject to the same RBI operating restrictions until July 31, 2023, subject to review. Customers, depositors, and counterparties continue to face the bank operating under the existing directions, with no relaxation of conditions announced in this release.

• Section 35 A
• 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 Section 35A directions on The Kapol Cooperative Bank Ltd., Mumbai. The restrictions continue unchanged until April 30, 2023, subject to review.

The bank remains under the same RBI-imposed operating restrictions through April 30, 2023, with no change to the existing conditions. Depositors and other stakeholders continue to be affected by the ongoing directions, and the bank must comply with the unchanged terms until the next review or further order.

• Section 35 A
• 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 Kapol Co-operative Bank Ltd., Mumbai, Maharashtra. The restrictions continue unchanged until January 31, 2023, subject to review.

The bank remains under the same RBI-imposed operating restrictions through January 31, 2023 unless revised earlier on review. Customers and counterparties continue to be affected by the existing conditions in the directions; no other terms are relaxed or altered by this extension.

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

RBI extended the existing Section 35A Directions on The Kapol Co-operative Bank Ltd., Mumbai, Maharashtra. The restrictions will continue until October 31, 2022.

The bank remains subject to the existing RBI operating restrictions through October 31, 2022, unless revised earlier by RBI. The extension continues to constrain the bank's operations and affects customers and counterparties to the extent covered by the underlying Directions.

• Section 35 A
• 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 Kapol Cooperative Bank Ltd., Mumbai, until April 30, 2022. The earlier terms remain unchanged.

The bank remains subject to the same RBI operating restrictions until April 30, 2022, unless reviewed earlier. Customers and counterparties continue to be affected by the existing directions, and the bank must operate within those unchanged conditions.

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

RBI extended the existing directions on The Kapol Co-operative Bank Ltd., Mumbai, Maharashtra until October 31, 2021. The terms and conditions remain unchanged.

The bank must continue operating under the same RBI directions through October 31, 2021, subject to further review. The extension keeps the existing restrictions in force and continues to affect the bank’s operations and customers under the original terms of the directive.

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

RBI extended the existing Directions on The Kapol Cooperative Bank Ltd., Mumbai, Maharashtra, keeping the restrictions in force until April 30, 2021. The earlier terms remained unchanged.

The bank remains subject to the same RBI restrictions through April 30, 2021, subject to review. Customers, depositors, and counterparties continue to be affected by the operational constraints already imposed under the Directions.

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

RBI extended the existing Section 35A directions on The Kapol Cooperative Bank Ltd., Mumbai for another six months. The original restrictions continue unchanged.

The bank continues to operate under the same RBI-imposed restrictions for the extended period through January 31, 2021. Customers and counterparties remain subject to whatever operational limits were already in force under the original directions; the release does not lift any restriction or indicate improved financial condition.

• Section 35 A
• Section 56

RBI extended the existing Section 35A directions on The Kapol Co-operative Bank Ltd., Mumbai, Maharashtra. The restrictions continue until July 31, 2020, subject to review.

The bank remains under RBI-imposed operating restrictions for the extended period, subject to review. The continued directions may limit normal business operations until July 31, 2020, and the public is informed via the display of the directive at the bank’s premises.

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

RBI extended the existing Section 35A directions on The Kapol Co-operative Bank Ltd., Mumbai. The directions continue from August 1, 2019 to January 31, 2020, with all other terms unchanged.

The bank remains subject to the existing operational restrictions under the RBI directive through January 31, 2020, unless reviewed earlier. Customers, depositors, and counterparties continue to face the bank operating under the same constrained terms already in force.

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

RBI extended the existing directions on The Kapol Co-operative Bank Ltd., Mumbai for six more months. The earlier restrictions remain unchanged through July 31, 2019.

The bank remains subject to the same operational restrictions for the extended period, affecting its business as set out in the original directions. Customers, depositors, and other stakeholders continue to be governed by those unchanged terms until July 31, 2019 or further review.

• 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 the existing Section 35A directions on The Kapol Co-operative Bank Ltd., Mumbai, for another six months. The bank remains under operating restrictions through January 31, 2019.

The bank remains subject to RBI-imposed operational restrictions for the extension period ending January 31, 2019. Customers, depositors, and counterparties continue to face the consequences of the existing Section 35A regime, and the bank must comply with the continued directions until they are reviewed or changed by RBI.

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

RBI extended the Section 35A directions on The Kapol Co-operative Bank Ltd., Mumbai, for another four months. The existing restrictions continue unchanged.

The bank remained under the same RBI-imposed operating restrictions for the additional four-month period ending July 31, 2018. Customers and counterparties continued to be subject to the consequences of the existing directions, which were not relaxed or lifted.

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

RBI extended the existing Section 35A directions on Kapol Co-operative Bank, Mumbai, for six more months. The bank continues to operate under the same restrictions until March 31, 2018, subject to review.

Kapol Co-operative Bank remains subject to RBI directions and must continue operating within the imposed restrictions through March 31, 2018, unless further modified or reviewed. Depositors and other stakeholders remain affected by the ongoing regulatory constraint.

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

RBI placed The Kapol Co-operative Bank Ltd., Mumbai under Directions with withdrawal caps and operating restrictions. The bank may continue business only subject to these conditions.

The bank remains open but can operate only within RBI-imposed limits. Depositors face withdrawal caps, and the bank cannot expand lending, take fresh deposits, or undertake several liability-creating or asset-disposal actions without RBI approval; the restrictions may be modified later depending on circumstances.

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