The Youth Development Co-operative Bank Ltd. Kolhapur, Maharashtra

RBI imposed a ₹40,000 penalty on Youth Development Co-operative Bank Ltd., Kolhapur, for non-compliance with KYC and inoperative-account directions. The bank had activated certain inoperative accounts without first obtaining customer KYC documents.

The bank must absorb the penalty and ensure future compliance with RBI’s KYC and inoperative-account requirements. The order does not itself impose an operational restriction, but it signals supervisory scrutiny and leaves RBI free to initiate any further action if warranted.

• Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949

RBI imposed a ₹1 lakh penalty on Youth Development Co-operative Bank Limited, Kolhapur. The bank violated RBI’s All-Inclusive Directions by entering into an OTS scheme without prior written permission.

The bank must bear the monetary penalty; the release does not indicate any new operating restriction, suspension, or cancellation. The underlying compliance lapse concerned OTS activity undertaken without RBI approval, but the press release itself only imposes a fine and does not state additional forward-looking operational limits.

• Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act, 1949

RBI withdrew the All Inclusive Directions previously imposed on Youth Development Co-operative Bank Limited, Kolhapur, Maharashtra. The withdrawal took effect from April 05, 2021.

The earlier operating restrictions no longer apply from April 05, 2021. The bank is no longer subject to the All Inclusive Directions under this release, and affected customers and counterparties are no longer constrained by that order.

• Section 35 A read with Section 56 of the Banking Regulation Act, 1949
• sub-section (2) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949

RBI extended the existing Directions on Youth Development Cooperative Bank Limited, Kolhapur, Maharashtra until April 05, 2021. The bank remains under the same restrictions, with no change to other terms.

The cooperative bank continues to operate under RBI-imposed restrictions through April 05, 2021, subject to review. Customers and counterparties remain affected by the unchanged directions until the order is revised or withdrawn.

• Section 35 A read with 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 Youth Development Co-operative Bank Ltd., Kolhapur for six more months. The existing restrictions continue unchanged until January 5, 2021, subject to review.

The bank remains subject to the same RBI restrictions for the extended period, with the order continuing from July 6, 2020 through January 5, 2021, subject to review. Customers and counterparties continue to face the operational constraints imposed by the directions.

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

RBI increased the withdrawal limit for depositors of Youth Development Cooperative Bank, Kolhapur, under its existing All-Inclusive Directions. The bank remains under the same Section 35A restrictions, with the cap raised to ₹20,000 per depositor.

Depositors can now withdraw up to ₹20,000 per depositor instead of ₹5,000, and more than 76% of depositors are expected to be able to withdraw their full account balance. The bank remains subject to the existing RBI directions and all unchanged operational conditions.

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

RBI placed The Youth Development Co-operative Bank Ltd., Kolhapur, Maharashtra under Directions with withdrawal limits and restrictions on lending, investments, fresh deposits, and other core actions. The order is valid for six months from close of business on January 05, 2019.

The bank must operate under RBI-imposed restrictions for the stated six-month period, and depositors face a withdrawal cap of ₹5,000 per account subject to conditions. Core business activities such as lending, deposits, investments, liabilities, payments, and asset disposals require RBI approval or are restricted.

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