{"id":220178,"date":"2019-09-27T17:00:21","date_gmt":"2019-09-27T11:30:21","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=220178"},"modified":"2019-09-27T15:51:30","modified_gmt":"2019-09-27T10:21:30","slug":"directions-under-s-35a-of-banking-regulation-act-1949-hindu-co-operative-bank-ltd-pathankot-punjab-extension","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/09\/27\/directions-under-s-35a-of-banking-regulation-act-1949-hindu-co-operative-bank-ltd-pathankot-punjab-extension\/","title":{"rendered":"Directions under S. 35A of Banking Regulation Act, 1949 \u2013 Hindu Co-operative Bank Ltd., Pathankot, Punjab \u2013 Extension"},"content":{"rendered":"<p style=\"text-align: justify;\">Reserve Bank of India had, in the public interest, issued Directions to Hindu Co-operative Bank Limited, Pathankot, Punjab in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, (AACS) from the close of business on March 25, 2019. The Directions are now extended with certain modifications and would be applicable till March 24, 2020. A copy of the Extended Directive is displayed at Head Office\/ branches\/ all other business premises of the bank.<\/p>\n<hr \/>\n<p><strong>Reserve Bank of India<\/strong><\/p>\n<p style=\"text-align: right;\"><strong>[Press Release dt. 27-09-2019]<\/strong><\/p>\n<p style=\"text-align: right;\"><strong>Press Release: 2019-2020\/801<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reserve Bank of India had, in the public interest, issued Directions to Hindu Co-operative Bank Limited, Pathankot, Punjab in exercise of powers <\/p>\n","protected":false},"author":8808,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8051,2],"tags":[],"class_list":["post-220178","post","type-post","status-publish","format-standard","hentry","category-business_news","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast 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Directive dated September 23, 2019) has placed the Punjab and Maharashtra Cooperative Bank Limited, Mumbai, Maharashtra, under Directions. According to the Directions, depositors will be allowed to withdraw a sum not exceeding Rs 1,000 (Rupees one thousand only) of the total balance in every\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":224239,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/15\/directions-under-s-35-a-read-with-s-56-of-the-banking-regulation-act-1949-kolikata-mahila-co-operative-bank-ltd-kolkata-west-bengal-extension-of-period-of-directions\/","url_meta":{"origin":220178,"position":1},"title":"Directions under S. 35 A read with S. 56 of Banking Regulation Act, 1949 \u00a0\u2013 Kolikata Mahila Co-operative Bank Ltd., Kolkata &#8211; Extension of Period of Directions","author":"Bhumika Indulia","date":"January 15, 2020","format":false,"excerpt":"The Reserve Bank of India, in public interest, had issued Directions to Kolikata Mahila Co-operative Bank Limited, Kolkata, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of\u2026","rel":"","context":"In &quot;Business News&quot;","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-3.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-3.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-3.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-3.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-3.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":220085,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/09\/26\/rbi-increases-withdrawal-limit-for-pmc-bank-from-rs-1000-to-10000\/","url_meta":{"origin":220178,"position":2},"title":"RBI increases withdrawal limit for PMC Bank from Rs 1,000 to 10,000","author":"Bhumika Indulia","date":"September 26, 2019","format":false,"excerpt":"Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) \u2013 Punjab and Maharashtra Cooperative Bank Limited, Mumbai, Maharashtra - Relaxation in withdrawal limit of Deposit Accounts Punjab and Maharashtra Cooperative Bank Ltd., Mumbai, Maharashtra, a Multi-State Urban Cooperative Bank has been placed under All-Inclusive Directions under sub-section (1)\u2026","rel":"","context":"In &quot;Business News&quot;","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":129241,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/05\/06\/the-banking-regulation-amendment-ordinance-2017-promulgated-for-resolution-of-stressed-assets\/","url_meta":{"origin":220178,"position":3},"title":"The Banking Regulation (Amendment) Ordinance, 2017 promulgated for resolution of stressed assets","author":"Saba","date":"May 6, 2017","format":false,"excerpt":"The promulgation of the Banking Regulation (Amendment) Ordinance, 2017 inserting two new Sections (viz. 35AA and 35AB) after Section 35A of the Banking Regulation Act, 1949 enables the Union Government to authorize the Reserve Bank of India (RBI) to direct banking companies to resolve specific stressed assets by initiating insolvency\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/03\/rashtrapatibhawan.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/03\/rashtrapatibhawan.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/03\/rashtrapatibhawan.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/03\/rashtrapatibhawan.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/03\/rashtrapatibhawan.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":172894,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/12\/02\/rbi-cautions-co-operative-societies-using-word-bank-names-accepting-deposits\/","url_meta":{"origin":220178,"position":4},"title":"RBI cautions co-operative societies from using the word \u201cBank\u201d in their names and accepting deposits","author":"Saba","date":"December 2, 2017","format":false,"excerpt":"It has come to the notice of Reserve Bank of India (RBI) that some Co-operative Societies are using the word \u201cBank\u201d in their names. This is a violation of Section 7 of the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) (the B.R. Act, 1949). It has also come\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-3.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-3.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-3.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-3.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-3.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":212645,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/29\/reserve-bank-of-india-imposes-monetary-penalty-on-punjab-national-bank\/","url_meta":{"origin":220178,"position":5},"title":"Reserve Bank of India imposes monetary penalty on Punjab National Bank","author":"Bhumika Indulia","date":"March 29, 2019","format":false,"excerpt":"RBI has imposed, by an order dated February 25, 2019, a monetary penalty of Rs 20 million (Rupees Twenty Million) on Punjab National Bank (the bank) for non-compliance with directions issued by RBI. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section\u2026","rel":"","context":"In &quot;Business News&quot;","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"rbi","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/reserve-bank-of-india.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/reserve-bank-of-india.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/reserve-bank-of-india.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/reserve-bank-of-india.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/220178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=220178"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/220178\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=220178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=220178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=220178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}