The Reserve Bank of India (RBI) has issued a notification stating that The Ananthasayanam Co-operative Bank Ltd., Trivandrum, Kerala, is no longer considered a co-operative bank under the Banking Regulation Act, 1949.
Key Changes
The Ananthasayanam Co-operative Bank Ltd., Trivandrum, Kerala, ceases to be a co-operative bank within the meaning of the Banking Regulation Act, 1949.
All provisions of the Banking Regulation Act, 1949, that were applicable to The Ananthasayanam Co-operative Bank Ltd., Trivandrum, Kerala, will no longer apply, except for actions taken or omitted before the date of this notification (October 4, 2023).
Impact Analysis
Stakeholders: The Ananthasayanam Co-operative Bank Ltd.
Action Items: The bank needs to assess its future operational and compliance requirements based on its new status. It should also communicate this change to its customers and stakeholders.
Stakeholders: Depositors and Customers of the Bank
Action Items: Depositors and customers should seek clarification from the bank regarding any changes in services, insurance coverage, or other relevant aspects of their relationship with the bank.
Stakeholders: Reserve Bank of India (RBI)
Action Items: RBI needs to update its records and adjust its supervisory activities accordingly. It should also monitor the bank's transition to ensure compliance with any other applicable regulations.
Stakeholders: Other Cooperative Banks
Action Items: Other cooperative banks should ensure compliance with the Banking Regulation Act and other relevant regulations to maintain stability and public confidence.
Key Entities Referenced
Reserve Bank of India (RBI): The central bank of India, responsible for regulating and supervising the banking sector.
The Ananthasayanam Co-operative Bank Ltd., Trivandrum, Kerala: A co-operative bank that is now ceasing to be classified as a co-operative bank under the Banking Regulation Act, 1949.
Banking Regulation Act, 1949: An act of the Parliament of India to regulate the banking companies in India.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-एम.एच.-अ.-18112023-250125
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CG-MH-E-18112023-250125
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असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 763] नई कदल्ली, िुक्रर्ार, नर्म्ब र 17, 2023/कार्तकव 26, 1945
No. 763] NEW DELHI, FRIDAY, NOVEMBER 17, 2023/KARTIKA 26, 1945
भारतीय ररज़र् वबकैं
अजधसचू ना
मुम् बई, 4 अक्त ूबर, 2023
डीओआर.एमओएन.सख्ं या एस 3724/12.24.036/2023-24.—बैंककारी जर्जनयमन अजधजनयम, 1949 की धारा
56 के साथ परित धारा 36 ए (2) के तहत प्रदत्त िजियों का प्रयोग करत े हुए, भारतीय ररज़र्व बैंक एतदद्वारा सूजचत करता
ह ै कक उि अजधजनयम के अथ व में 'कद अनतं ियनम को-ऑपरेरिर् बैंक जल., जिर्ेन्द्रम, केरल' अब सहकारी बैंक नहीं रह गया
ह ै तथा इस सूचना के पूर्व ककए गए या करन े के जलए िषे रह गए कायों के अजतररि उि अजधजनयम के सभी प्रार्धान कद
अनंतियनम को-ऑपरेरिर् बैंक जल., जिर्ेन्द्रम, केरल पर लाग ूनही होंगे।
ियन्द्त कुमार दाि, कायवपालक जनदेिक
[जर्ज्ञापन-III/4/असा./545/2023-24]
7192 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
RESERVE BANK OF INDIA
NOTIFICATION
Mumbai, the 4th October, 2023
DoR.MON.No. S3724/12.24.036/2023-24.—In exercise of the powers conferred under Section 36 A (2)
read with Section 56 of the Banking Regulation Act, 1949, Reserve Bank of India hereby notifies that ‘The
Ananthasayanam Co-operative Bank Ltd., Trivandrum, Kerala’ has ceased to be a co-operative bank within the
meaning of the said Act and all the provisions of the said Act applicable to The Ananthasayanam Co-operative Bank
Ltd., Trivandrum, Kerala shall cease to apply to it, except as respects things done or omitted to be done before this
notice.
JAYANT KUMAR DASH, Executive Director
[ADVT.-III/4/Exty./545/2023-24]
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.