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The R S Co-operative Bank Ltd

Co-operative bankMumbai, 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
25 Jan 2019

Enforcement Fingerprint

9 actions across 5 years.

PenaltyRestrictionLicence actionLiftedOther

Action Mix

Business restriction9

Lifecycle Mix

Extension9

Severity Mix

S4 High9

Source-linked record

Action History

9 linked actions

2019

1

Case brief

RBI extended the existing Section 35A directions on The R.S. Co-operative Bank Ltd., Mumbai, for another four months. The order remains subject to review.

Impact

The bank continues to operate under RBI-imposed Section 35A restrictions through May 25, 2019, subject to review. Any operational limitations contained in the underlying directions remain in force, affecting the bank and its customers until RBI changes or withdraws the order.

Why RBI acted

Capital & exposure normsGovernance oversight

Regulatory basis

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

Restrictions

Business Restriction

2018

2

Case brief

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

Impact

The bank remains subject to the existing operational restrictions imposed under the Section 35A directions for the extension period. Customers, depositors, and counterparties continue to be affected by the bank's constrained operations until January 25, 2019, unless RBI reviews and changes the order earlier.

Why RBI acted

Governance oversightCapital & exposure norms

Regulatory basis

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

Case brief

RBI extended the Section 35A directions on The R. S. Co-operative Bank Ltd., Mumbai for another six months. The bank remains under the same continuing restrictions, subject to review.

Impact

The bank continues to operate under RBI-imposed restrictions for the stated period, with the directions remaining subject to review. Customers and counterparties are affected to the extent the underlying Section 35A directions limit the bank’s normal business activities, and the restrictions remain in force until July 25, 2018 unless further modified or withdrawn.

Why RBI acted

Governance oversightCapital & exposure norms

Regulatory basis

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

Restrictions

Business Restriction

2017

3

Case brief

RBI extended the Section 35A directions on The R S Co-operative Bank Ltd., Mumbai, Maharashtra for four more months. The restrictions continue in force from September 26, 2017 to January 25, 2018, subject to review.

Impact

The bank continues to operate under RBI-imposed directions for the extended period, with any operational caps or conditions remaining in place until January 25, 2018 or until further review. Depositors, customers, and other stakeholders remain affected by the ongoing restrictions.

Why RBI acted

Capital & exposure normsGovernance oversight

Regulatory basis

  • Section 35A of the Banking Regulation Act, 1949

Restrictions

Business Restriction

Case brief

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

Impact

The bank continues to operate under RBI-imposed Section 35A restrictions through September 25, 2017, unless reviewed earlier. Customers and counterparties remain subject to the operational limits already in force under the directive.

Why RBI acted

Capital & exposure normsGovernance oversight

Regulatory basis

  • Section 35A of the Banking Regulation Act, 1949

Restrictions

Business Restriction

Case brief

RBI continued its Section 35A directions on R S Co-operative Bank Ltd., Mumbai, through March 25, 2017. It also partially modified the order to allow limited loan set-off against deposits under strict conditions.

Impact

The bank remains under RBI operating restrictions until March 25, 2017, subject to review, and can only exercise the newly permitted loan set-off within the stated safeguards. Depositors/borrowers are affected because adjustments against deposits are restricted to compliant, consented, and non-encumbered accounts, with third-party deposits excluded.

Why RBI acted

Capital & exposure normsCustomer protectionGovernance oversight

Regulatory basis

  • Section 35A of the Banking Regulation Act, 1949

Restrictions

Setoff Restriction

2016

2

Case brief

RBI extended its directions on The R S Co-operative Bank Ltd., Mumbai for another six months. The bank remains under operating restrictions, though withdrawal limits had earlier been relaxed.

Impact

The bank continues to operate under RBI-imposed conditions for the extended period ending March 25, 2017. Depositors remain subject to the applicable withdrawal limits and other unchanged terms of the directions, and the bank must comply with the modified directive displayed at its premises.

Why RBI acted

Capital & exposure normsGovernance oversight

Restrictions

Withdrawal Cap

Case brief

RBI extended the existing directions on The R S Co-operative Bank Ltd., Mumbai, for another three months starting June 26, 2016. The bank remains under the same restrictions, with RBI noting it is not yet satisfied with its financial improvement.

Impact

The bank continues to operate under the existing RBI restrictions until September 25, 2016 unless reviewed earlier. Customers and counterparties remain subject to the same operational limits imposed by the directions, and the bank must continue complying with the unchanged terms of the directive.

Why RBI acted

Governance oversightCapital & exposure norms

Restrictions

Business Restriction

2015

1

Case brief

RBI extended the operating directions on The R S Co-operative Bank Ltd., Mumbai, until June 25, 2016. The earlier restrictions continue unchanged.

Impact

The bank remains under RBI operating restrictions through June 25, 2016, with the same conditions as before, subject to review. Customers and counterparties continue to be affected by the existing constraints until the directions are withdrawn or modified again.

Why RBI acted

Other

Restrictions

Business Restriction