The Banking Regulation Act, 1949

FORM 111-C

(See rule 6)

(Section 22)

Form of application for a licence to commence banking business by a cooperative

society registered in India with the object of commencing banking business

as a State cooperative 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 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 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 enclose the required particulars in the annexure prescribed for the purpose.

Yours faithfully, Signature………………….. Designation ……………….

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. Registration 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. Particulars of share capital of the society as on the date of application:

(a) Authorised

(b) Subscribed

(c) Paid-up

7. Membership


No. of                                      No. of                                                  Paid-up

members                                  shares                                      share capital

allotted to                                 contributed

the members                            by the


(Rs. in lakhs)

(i)         Central co-operative banks

(ii)         Primary agricultural credit societies (PACS, FSS, LAMPS, etc.)

(iii)        Industrial Co-operatives

(iv)        Weavers Societies

(y)        Marketing Societies

(0)        Consumers Societies

(vii)       Housing Societies

            (viii)      Primary Co-operative Banks

(ix)        Other Co-operative Societies

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

(Note: Particulars of sub-items (h) to (x) are required if the State co­ operative bank lends/proposes to lend to such units direct).

(xi) Central/State Government

(xii) Others

8. Mention detailed reasons for starting the State co-operative bank.

9. Estimated value of the annual production in the area of operation:

                                                                        Commodity                   Volume                                     Value

                                                                                                                                                                        (Rs. in lakhs)


(a) Industrial

                        (b) Agricultural

                        (c) Minerals

  • (e)    Other categories, (if any)


            10.        Estimated value of imports and exports


Imports                                                                  Exports


Commodity                           Volume                                  Value                     Commodity                           Volume                                                  Value

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

11.If there are any schemes for agricultural, mineral or industrial development, give details of the same and their probable effect on the volume and value of the present production, import and export and consequently on the deposits growth and credit demand.

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


At the end of

Source   _________________________________________________

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    Out-                        During    Out-                        During    Out-                        During    Out-                        During    Out

the          standing                the      standing                     the          standing                the          standing                the standing

                year        at the end              year     at the                         year        at the end              year        at the end              year  at the

of year                                   end of year                           of year                                   of year                   end of year

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

1. S.T. (Agri.)

2. S.T. (Marketing)

3. S.T. (Weavers)

4. S.T. (Other industrial)

5. S.T. (Non-agricultural)

6. S.T. (Individual)

7. M.T. (Agri.)

8. M.T. (Non-agricultural)

9. Cash credits

10. Others




13. Estimate of deposits:                                                                                                                      (Rs. in lakhs)


                        At the end of

Source              ____________________________________________________________

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

(i)         Co-operative institutions

(ii)         Others              ____________________________________________________________

            Total                 ___________________________________________________________

            Type of deposits:

(i) Current

(ii) Savings

(iii) Fixed

(iv) Others                     ______________________________________________________________

Total                 _____________________________________________________________

14.If the owned resources (own funds + deposits) are inadequate to meet the loaning envisaged, how does the bank propose to raise the balance resources?

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

16.        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 unwilling 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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