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 »
 Auction of Government of India Dated Securities April 22, 2019
 Auction for Sale (Issue/re-issue) of Government Stock (GS) April 22, 2019
  RBI releases draft “Enabling Framework for Regulatory Sandbox”
 RBI-Minutes of the Monetary Policy Committee Meeting April 2-4, 2019
 RBI releases draft “Enabling Framework for Regulatory Sandbox”
 Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) –The City Co-operative Bank Ltd., Mumbai, Maharashtra-Extension of period
 RBI-Conversion of Government of India (GoI)’s Securities
 Notification No. 35/2019 Central Board of Direct Taxes
 RBI-Licensing as Authorised Dealer- Category II
 Exclusion of “DBS Bank Ltd” from the Second Schedule of the Reserve Bank of India Act, 1934
 20 LPA-Opening Assistant General Manager/deputy General Manager- F&A

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