1. Sarvodaya Co-operative Bank Ltd., Mumbai 📌 Key Details Original Directive: April 15, 2024 Extension Period: April 15, 2026 to July 15, 2026 (3 months) Location: Mumbai, Maharashtra Notification Date: April 10, 2026 🔍 Root Cause Analysis (RCA) Protracted financial instability likely stemming from a high proportion of non-performing assets (NPAs) concentrated in localized commercial […]
■ Key Details & Timeline The Reserve Bank of India (RBI) has issued an order dated April 24, 2026, revoking the banking licence of Paytm Payments Bank Limited. The entity is immediately prohibited from conducting any “banking” business as defined under Section 5(b) or any additional business under Section 6 of the Banking Regulation (BR)
Key Details of the Regulatory Action Entity: The Shirpur Merchants’ Co-operative Bank Ltd., Shirpur, Maharashtra. Action Taken: Cancellation of banking licence under Section 22 read with Section 56 of the Banking Regulation Act, 1949. Effective Date: Close of business on April 06, 2026. Operational Impact: Immediate cessation of all banking business, including acceptance and repayment
1. Sadbhav Nagrik Sahakari Bank Maryadit, Chhatarpur (M.P.) Key Details Original Directive Date: October 06, 2025 Previous Expiry: April 07, 2026 Extended Period: 3 Months (Up to July 07, 2026) Root Cause Analysis (RCA) The imposition and subsequent extension of Section 35A indicate severe erosion of the capital base primarily driven by high Gross Non-Performing
1. The Industrial Co-operative Bank Ltd., Guwahati Info Key Details Regulatory Action: Extension of Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949. Press Release Date: April 02, 2026 Original Directive Date: July 03, 2025 Latest Extension Period: Close of business on April 04, 2026, to July 04, 2026 (3
1. Key Details of the Regulatory Action Amalgamating Entity: The Bapunagar Mahila Co-operative Bank Ltd., Ahmedabad, Gujarat (A community/women-focused urban co-operative bank). Acquiring Entity: Shri Vinayak Sahakari Bank Ltd., Ahmedabad, Gujarat. Statutory Framework: The scheme of amalgamation was sanctioned by the RBI under the provisions of sub-section (4) of Section 44A, read with Section 56
1. Executive Summary The Reserve Bank of India (RBI) has issued a notification regarding the extension of regulatory directions imposed on Shree Mahalaxmi Urban Co-operative Credit Bank Ltd., operating out of Gokak, Karnataka. The RBI has determined that continuing these operational restrictions is necessary in the public interest. 2. Key Details of the Action Applicable
1. Key Details & Timeline The Reserve Bank of India (RBI) has executed a series of phased regulatory interventions against Irinjalakuda Town Co-operative Bank Ltd. to protect depositor interests and address severe governance deficits. July 30, 2025: RBI imposed All Inclusive Directions (AID) under Section 35A read with Section 56 of the Banking Regulation Act,
1. Key Details Action: Approval of Voluntary Amalgamation Amalgamating Bank: Lalbaug Co-operative Bank Ltd. (Vadodara, Gujarat) Amalgamated Bank: Akhand Anand Co-operative Bank Ltd. (Surat, Gujarat) Effective Date: March 23, 2026 Statutory Provision: Section 44A (4) read with Section 56 of the Banking Regulation Act, 1949 Operational Status: All branches of Lalbaug Co-op Bank will operate
Executive Summary The Reserve Bank of India (RBI) has exercised its powers under Section 35 A read with Section 56 of the Banking Regulation Act, 1949, to impose strict operational restrictions on three distinct cooperative banks across India. These directives come in response to the banks’ deteriorating financial liquidity and the management’s failure to address
