News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
« Latest Circulars »
 RBI’s digital-district idea fraught with challenges’
 Launch of Utkarsh 2022 – Reserve Bank of India’s Medium-term Strategy Framework
 RBI Governor meets CEOs of Public Sector Banks
 Auction of Government of India Dated Securities July 22, 2019
 Directions under Section 35A of the Banking Regulation Act, 1949 – The Hindu Co-operative Bank Limited, Pathankot, Punjab – Modification
  Master Circular - Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs)
 Directions under Section 35A of the Banking Regulation Act, 1949
  Master Directions on Relief/Savings Bonds
 Reserve Bank of India imposes monetary penalty on State Bank of India
 Auction of Government of India Dated Securities July 15, 2019
 Auction for Sale (re-issue) of Government Stock (GS) July 15, 2019

RBI extends Directions issued to Navodaya Urban Co-operative Bank Ltd, Nagpur, Maharashtra
June, 19th 2017

The Reserve Bank of India has extended the Directions earlier issued to Navodaya Urban Co-operative Bank Ltd, Nagpur for further four months. The Directions are now valid up to October 15, 2017, subject to review. The bank was earlier placed under directions from March 16, 2017 to June 15, 2017.

The Directions were imposed in exercise of powers vested in the Reserve Bank under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). A copy of the Directions is displayed on the bank's premises for perusal by interested members of public.

The issue of the Directions by the Reserve Bank should per se not be construed as cancellation of banking license by the Reserve Bank. The bank will continue to undertake banking business with restrictions till its financial position improves. The Reserve Bank may consider modifications of these Directions depending upon circumstances.

Anirudha D. Jadhav
Assistant Manager

Press Release: 2016-2017/3403

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Careers

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions