The Banking Regulation Act, 1949

                        FORM III B

            (See rule 6)

            (Section 22)

Form of application for a licence to commence banking business by a co-operative society registered in India with the object of commencing banking business as a Central co-operative bank

Address of the Bank:

Date of application:

The Chief Officer,

Rural Planning and Credit Department,

Reserve Bank of India,

Central Office,


(Through: The Officer-in-Charge, Rural Planning and Credit Department, Reserve Bank of

 India……………….Regional Office……………….

Dear Sir,

                        Application for a licence to commence banking business

We hereby apply for a licence to commence banking business in terms of section 22 of the Banking Regulation Act, 1949 (as applicable to co-operative societies). A copy of the resolution of the board of directors dated………………. in support thereof is enclosed.A certified copy of the registered bye-laws and certificate of registration of the bank duly certified as true by the Registrar under his seal are also enclosed. We also enclose the required particulars in the annexure prescribed for the purpose.

Yours faithfully, Signature


Encls: Sheets

N. B.:   If the registered bye-laws and the certificate of registration are not in English, a copy of their translation in English duly certified, should be forwarded.


1. Name of the co-operative society

2. Place of location of the registered office of the society

3. Area of operation

4. No. and date of registration under the relevant Co-operative Societies Act

5. Names and addresses of members of the board of directors and their occupation         (Appendix)

6. Name of the higher financing agency to which the society is affiliated

7. Particulars of share capital of the society as on the date of application

            (a) Authorised

            (b) Subscribed

            (c) Paid-up

8. Membership

            (Rs. in lakhs)


                        No. of                           No. of                           No. of                           Paid-up

                        existing                         members                      shares                          share

                        units                             on roll                           allotted                         capital

1                                  2                                  3                                  4

(i)Primary        Agricultural

Credit Societies (PACS,

FSS, LAMPS, etc.)

            (ii) Industrial co-operatives

(iii) Weavers Societies

(iv) Marketing Societies

(v) Consumers Societies

(vi) Housing Societies

(vii) Primary co-operative banks

(viii) Other co-operative societies

(ix) Individuals (including partnership firms, joint stock companies, etc.)

(x) Central/State Government

  • (xii)             Others

9. State detailed reasons for starting the Central co-operative bank

10.Estimated value of annual production in the area of operation

Commodity                               Volume                                     Value

                                                                                                (Rs. in lakhs)

                        (a) Industrial

                        (b) Agricultural

                        (c) Minerals

  • (c)    Other commodities (if any)
  • (d)     

11.       Estimated value of imports and exports

Imports                                                 Exports


Commodity                   Volume                         Value                Commodity                   Volume                         Value

                                                (Rs. in lakhs)                                                                 (Rs. in lakhs)


12.If there are any schemes for agricultural, mineral or industrial developments, give details of the same and their probable effect on the volume and value of the present production, imports and exports

13. Estimate of loans and advances (Rs. in lakhs)

1 st year loans              2nd year loans              3rd year loans               4th year loans               5th year loans

and advances               and advances               and advances               and advances               and advances

——————-     ——————-     ——————-     ——————-     —————-


During the Out-  During the         Out-      During the         Out-      During the         Out-      During the         Out-

Year     standing year                standing year                standing year                standing  year               standing            at the                            at the                            at the                            at the                            at the

            End of the                    end  of the                    end of the                     end of the                     end of the

            Year                             year                              year                              year                              year

(a)        (b)        (a)                    (b)        (a)                    (b)        (a)                    (b)        (a)                    (b)

1 . S.T.


2. S.T.


3. S.T.


4. S.T.

(Other industrial)

5. S.T.


6. S.T.


7. M.T.


8. M.T.


9. Cash credits

10. Others




            14. Estimate of deposits                                                                                                                                 (Rs. in lakhs)


                        At the end of


                                                1 st year           2nd year           3rd year            4th year            5th year



            2. Others           ————————————————————————————————-

Total                 ————————————————————————————————-


                                                                                                At the end of

                                    Type of deposits           —————————————————————-

                                                            1st year            2nd year           3rd year            4th year            5th year


(i) Current

(h) Savings

(iii) Fixed

(iv) Others         ————————————————————————————————————

Total:                ————————————————————————————————————


15.If the owned resources (own fund + deposits) are inadequate to meet the loaning envisaged how does the bank propose to raise the bank’s resources?

16.Within what period does the bank expect to attain viability?

17.Any additional facts which the bank desires to add in support of its application.

N. B.:   Sources of information may be indicated. If the bank is unable or unwifling to supply details in respect of any of the above items, reasons for the omissions may be given.

Rating: 5 out of 5.

Rating: 5 out of 5.


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