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Reserve Bank of India has made it mandatory for every cooperative bank to display its full name in any stationery item, publicity material, name board, etc. and the same must conform to the name as it is appearing in the Certificate of Registration issued by the Registrar of Co-operative Societies (RCS) of the respective state and the licence granted to the bank by Reserve Bank of India.
Further, banks are prohibited from using any abridged form of their name. Accordingly, it may be ensured that even when using a logo, if name is sought to be displayed, it is only the full name of the bank that is displayed with the logo. In no case may the banks use abridged version of the name.
Primary (urban) co-operative banks are advised to ensure that all advertisement/s, stationery items, boards, etc. not correctly depicting their names in accordance with the Certificate of Registration & the licence issued to them, are withdrawn forthwith.
These instructions are issued under Section 35A of the Banking Regulation Act, 1949(AACS) and any contravention of or non-compliance with the same will attract penalties under the relevant provisions of the Act.
Read more on Cooperative Banks
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