The Reserve Bank of India has extended Directions issued to The C.K.P.Co-operative Bank Ltd., Mumbai, Maharashtra.
The directions shall continue to apply to the bank for a further period of three months from the close of business on November 1, 2014 vide modified directive dated October 21, 2014 subject to review. RBI placed the bank under direction on dated April 30, 2014.
According to the Reserve Bank’s directions, C.K.P.Co-operative Bank cannot, without the prior approval of the Reserve Bank in writing, grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh deposits, disburse or agree to disburse any payment whether in discharge of its liabilities and obligations or otherwise, enter into any compromise or arrangement and sell, transfer or otherwise dispose of any of its properties or assets except as notified in the Reserve Bank’s directions.
A copy of the directive dated October 21, 2014 is displayed at the Bank’s premises for the perusal of public.
The issue of the Directions by the Reserve Bank should per se not be construed to imply that the Reserve Bank of India is satisfied of substantive improvement in the financial position of the bank.
RBI is a big joke!
why the hell RBI promises safety? where is the insurance of DICGC?
RBI is corrupt ? have taken money from CKP bank to save its butt?
on sake of incapable investors , ..
friends just beware of our govt there is no safety! run to any other country if you have money, india is not safe!
I am 65 years old. Rs. 7.75 lakhs in ckp bank thane.
I am very strong in mind, eventhen thoghts of suicide comes
into mind. what to do?
Mr Vaidya the Ex Director of CKO Bank anf Mr Shirodjar abd also Nr Sardesai So called leaders of MNS have looted CKP Co operative Nank ny taking huge amoun as loand and advances and not paying anything in return as if it is Badilorparjit wstate, These so called leaders should be punished by the new Govt of BJP and Mr Devendra Padnavis. These so called roadside leasers have been defeated in the Assemvly elections and will suffer heavily due to Shap of innocent and honest depositors which are mainly Marathi Manus whom these Chor politicians claim to have veen working for.
God will punish them severely and they will come on the streets one day
RBI is also corrupt as it was sleeping all these days when the money was swindled by these politicians and now it got up and stopped operations .Instead the RBI should be transparent and declare monthly the
Financial position of the bank
Total amount recovered from the date of taking over the management by the Administrator
The names of the principal defaulters
These defaulters and their relatives should not be given banking facilities in any other
banks in India
Also criminal proceedings should be initiated against all Fraudulent officials and the directors
Their all assets should be confiscated. And used for paying the dues of the honest depositors
Chandrashekhar Lad
One of the depositors having lost Rs 35 lacs life savings in CKP Co op bank due to fraud of these chors
99208/74102
What is the status of CKP bank now?
is there any bail out?
When will poor investors receive their money?
Does anyone know of any grievance cell for complaint?
What is teh current status of CKP bank for any deposits maturing or disbursements?
What is the status of CKP bank now?
is there any bail out?
When will poor investors receive their money?
Does anyone know of any grievance cell for complaint?