Key Details of RBI Actions The RBI issued Directions to The Baghat Urban Co-operative Bank Ltd., Solan, on October 06, 2025, using its powers under Section 35 A read with Section 56 of the Banking Regulation Act, 1949. The Directions came into effect from the close of business on October 08, 2025, and are set […]
1. Sadbhav Nagrik Sahakari Bank Maryadit, Chhatarpur The RBI issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, effective from the close of business on October 07, 2025. Key Details Detail Description Effective Date of Directions Close of business on October 07, 2025. Duration Six months from the close
Key Details of Regulatory Action The Reserve Bank of India (RBI) cancelled the banking license of Jijamata Mahila Sahakari Bank Ltd., Satara, Maharashtra, effective from the close of business on October 07, 2025. This action prohibits the bank from conducting the business of ‘banking’, including the acceptance and repayment of deposits. Bank & Regulatory Snapshot
This report details the key aspects of the Reserve Bank of India’s decision to cancel the Certificate of Registration (CoR) of Datta Finance and Trading Private Limited. 1. Key Details 2. Root Cause Analysis (RCA) The root cause for the cancellation of the CoR was the company’s violation of RBI guidelines on the code of
