Press Releases - Enforcement - আৰবিআই - Reserve Bank of India
প্ৰেছ ৰিলিজ
জুন 27, 2022
RBI imposes monetary penalty on The Tiruchengode Co-operative Urban Bank Ltd (No.8994), Tiruchengode, Tamil Nadu
The Reserve Bank of India (RBI) has imposed, by an order dated June 24, 2022, a monetary penalty of ₹10.00 lakh (Rupees Ten lakh only) on The Tiruchengode Co-operative Urban Bank Ltd (No.8994), Tiruchengode, Tamil Nadu (the bank) for non-adherence / violation of directions issued under i) Exposure Norms and Statutory / Other Restrictions – UCBs and ii) Know Your Customer (KYC) Guidelines – Primary (Urban) Co-operative Banks. This penalty has been imposed in exercise o
The Reserve Bank of India (RBI) has imposed, by an order dated June 24, 2022, a monetary penalty of ₹10.00 lakh (Rupees Ten lakh only) on The Tiruchengode Co-operative Urban Bank Ltd (No.8994), Tiruchengode, Tamil Nadu (the bank) for non-adherence / violation of directions issued under i) Exposure Norms and Statutory / Other Restrictions – UCBs and ii) Know Your Customer (KYC) Guidelines – Primary (Urban) Co-operative Banks. This penalty has been imposed in exercise o
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জুন 24, 2022
Reserve Bank of India imposes monetary penalty on Indian Overseas Bank
The Reserve Bank of India (RBI) has, by an order dated June 24, 2022, imposed a monetary penalty of ₹57.50 lakh (Rupees Fifty-seven lakh and fifty thousand only) on Indian Overseas Bank (the bank) for non-compliance with certain directions issued by RBI on ‘Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) directions 2016’, ‘Creation of a Central Repository of Large Common Exposures - Across Banks’ read with ‘Central Reposi
The Reserve Bank of India (RBI) has, by an order dated June 24, 2022, imposed a monetary penalty of ₹57.50 lakh (Rupees Fifty-seven lakh and fifty thousand only) on Indian Overseas Bank (the bank) for non-compliance with certain directions issued by RBI on ‘Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) directions 2016’, ‘Creation of a Central Repository of Large Common Exposures - Across Banks’ read with ‘Central Reposi
জুন 20, 2022
RBI imposes monetary penalty on Pragati Mahila Nagrik Sahakari Bank Maryadit, Bhilai (C.G)
The Reserve Bank of India (RBl) has imposed, by an order dated June 16, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Pragati Mahila Nagrik Sahakari Bank Maryadit, Bhilai, Chhattisgarh (the bank) for contravention of/ non-adherence with the Directions issued by RBI to Urban Co-operative Banks on Loans and advances to Directors etc. – Directors as surety/guarantors - Clarification and Know Your Customer (KYC). This penalty has been imposed in exercis
The Reserve Bank of India (RBl) has imposed, by an order dated June 16, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Pragati Mahila Nagrik Sahakari Bank Maryadit, Bhilai, Chhattisgarh (the bank) for contravention of/ non-adherence with the Directions issued by RBI to Urban Co-operative Banks on Loans and advances to Directors etc. – Directors as surety/guarantors - Clarification and Know Your Customer (KYC). This penalty has been imposed in exercis
জুন 20, 2022
RBI imposes monetary penalty on Jila Sahakari Kendriya Bank Maryadit, Sidhi (M.P.)
The Reserve Bank of India (RBl) has imposed, by an order dated June 16, 2022, a monetary penalty of ₹0.75 lakh (Rupees Seventy Five thousand only) on Jila Sahakari Kendriya Bank Maryadit, Sidhi (M.P.) (the bank) for contravention of/non-compliance with the provisions of the Banking Regulation Act, 1949 (the Act) and directions issued by the Reserve Bank of India (RBI) on Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI under
The Reserve Bank of India (RBl) has imposed, by an order dated June 16, 2022, a monetary penalty of ₹0.75 lakh (Rupees Seventy Five thousand only) on Jila Sahakari Kendriya Bank Maryadit, Sidhi (M.P.) (the bank) for contravention of/non-compliance with the provisions of the Banking Regulation Act, 1949 (the Act) and directions issued by the Reserve Bank of India (RBI) on Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI under
জুন 13, 2022
Reserve Bank of India imposes monetary penalty on Urban Co-operative Bank Ltd., Budaun (U.P.)
The Reserve Bank of India (RBI) has imposed, by an order dated June 07, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on the Urban Co-operative Bank Ltd., Budaun (the bank) for contravention of sub-section (1) of Section 36 and Section 35 A read with Section 56 of the Banking Regulation Act, 1949. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of
The Reserve Bank of India (RBI) has imposed, by an order dated June 07, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on the Urban Co-operative Bank Ltd., Budaun (the bank) for contravention of sub-section (1) of Section 36 and Section 35 A read with Section 56 of the Banking Regulation Act, 1949. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of
জুন 06, 2022
RBI imposes monetary penalty on Jila Sahakari Kendriya Bank Maryadit, Morena (M.P.)
The Reserve Bank of India (RBl) has imposed, by an order dated June 02, 2022, a monetary penalty of ₹50,000 (Rupees Fifty Thousand only) on Jila Sahakari Kendriya Bank Maryadit, Morena (M.P.) (the bank) for contravention of/non-compliance with the directions issued by the RBI on Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Act
The Reserve Bank of India (RBl) has imposed, by an order dated June 02, 2022, a monetary penalty of ₹50,000 (Rupees Fifty Thousand only) on Jila Sahakari Kendriya Bank Maryadit, Morena (M.P.) (the bank) for contravention of/non-compliance with the directions issued by the RBI on Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Act
জুন 06, 2022
RBI imposes monetary penalty on Bassein Catholic Co-operative Bank Ltd., Vasai
The Reserve Bank of India (RBI) has, by an order dated June 02, 2022, imposed a monetary penalty of ₹49.00 lakh (Rupees Forty-Nine Lakh only) on Bassein Catholic Co-operative Bank Ltd., Vasai (the bank) for non-compliance with the directions issued by RBI on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters’ (IRAC norms)’. This penalty has been imposed in exercise of powers vested in RBI conferred under section 47 A (1) (c) read with se
The Reserve Bank of India (RBI) has, by an order dated June 02, 2022, imposed a monetary penalty of ₹49.00 lakh (Rupees Forty-Nine Lakh only) on Bassein Catholic Co-operative Bank Ltd., Vasai (the bank) for non-compliance with the directions issued by RBI on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters’ (IRAC norms)’. This penalty has been imposed in exercise of powers vested in RBI conferred under section 47 A (1) (c) read with se
জুন 03, 2022
Reserve Bank of India imposes monetary penalty on Punjab & Sind Bank
The Reserve Bank of India (RBI) has, by an order dated June 01, 2022, imposed a monetary penalty of ₹27.50 lakh (Rupees Twenty-seven lakh and fifty thousand only) on Punjab & Sind Bank (the bank) for non-compliance with certain directions issued by RBI on ‘External Benchmark Based Lending’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and 51 (1) of the Banking Regulatio
The Reserve Bank of India (RBI) has, by an order dated June 01, 2022, imposed a monetary penalty of ₹27.50 lakh (Rupees Twenty-seven lakh and fifty thousand only) on Punjab & Sind Bank (the bank) for non-compliance with certain directions issued by RBI on ‘External Benchmark Based Lending’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and 51 (1) of the Banking Regulatio
মে’ 27, 2022
Reserve Bank of India imposes monetary penalty on MUFG Bank Ltd.
The Reserve Bank of India (RBI) has imposed, by an order dated May 25, 2022, a monetary penalty of ₹45 Lakh (Rupees Forty-five lakh only) on MUFG Bank Ltd. (the bank), for non-compliance with the directions issued by RBI on “Time-bound implementation and strengthening of SWIFT-related operational controls” dated February 20, 2018. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with sections 46 (4) (i
The Reserve Bank of India (RBI) has imposed, by an order dated May 25, 2022, a monetary penalty of ₹45 Lakh (Rupees Forty-five lakh only) on MUFG Bank Ltd. (the bank), for non-compliance with the directions issued by RBI on “Time-bound implementation and strengthening of SWIFT-related operational controls” dated February 20, 2018. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with sections 46 (4) (i
মে’ 23, 2022
Reserve Bank of India imposes monetary penalty on Bilaspur Nagrik Sahakari Bank Ltd, Bilaspur (C.G)
The Reserve Bank of India (RBl) has imposed, by an order dated May 18, 2022, a monetary penalty of ₹2.50 lakh (Rupees Two lakh and fifty Thousand only) on Bilaspur Nagrik Sahakari Bank Ltd Bilaspur, Chhattisgarh (the bank) for contravention of/ non-adherence with the Directions issued by RBI to Urban Co-operative Banks on Exposure Norms & Statutory/Other Restrictions-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Se
The Reserve Bank of India (RBl) has imposed, by an order dated May 18, 2022, a monetary penalty of ₹2.50 lakh (Rupees Two lakh and fifty Thousand only) on Bilaspur Nagrik Sahakari Bank Ltd Bilaspur, Chhattisgarh (the bank) for contravention of/ non-adherence with the Directions issued by RBI to Urban Co-operative Banks on Exposure Norms & Statutory/Other Restrictions-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Se
মে’ 17, 2022
RBI imposes monetary penalty on The Kalupur Commercial Co-operative Bank Ltd., Ahmedabad
The Reserve Bank of India (RBI) has, by an order dated May 09, 2022, imposed a monetary penalty of ₹44.00 lakh (Rupees Forty-Four Lakh only) on The Kalupur Commercial Co-operative Bank Ltd., Ahmedabad (the bank) for non-compliance with the directions issued by RBI on ‘Interest Rate on Deposits’ and on ‘Frauds in UCBs: Changes in Monitoring and Reporting mechanism’. This penalty has been imposed in exercise of powers vested in RBI conferred under section 47 A (1) (c) r
The Reserve Bank of India (RBI) has, by an order dated May 09, 2022, imposed a monetary penalty of ₹44.00 lakh (Rupees Forty-Four Lakh only) on The Kalupur Commercial Co-operative Bank Ltd., Ahmedabad (the bank) for non-compliance with the directions issued by RBI on ‘Interest Rate on Deposits’ and on ‘Frauds in UCBs: Changes in Monitoring and Reporting mechanism’. This penalty has been imposed in exercise of powers vested in RBI conferred under section 47 A (1) (c) r
মে’ 13, 2022
Reserve Bank of India imposes monetary penalty on KEB Hana Bank
The Reserve Bank of India (RBI) has imposed, by an order dated May 12, 2022, a monetary penalty of ₹59 Lakh (Rupees Fifty Nine Lakh only) on KEB Hana Bank (the bank), for non-compliance with the directions issued by RBI on “Reserve Bank of India (Interest Rate on Deposits) Directions, 2016”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with sections 46 (4) (i) of the Banking Regulation Act, 1949 (t
The Reserve Bank of India (RBI) has imposed, by an order dated May 12, 2022, a monetary penalty of ₹59 Lakh (Rupees Fifty Nine Lakh only) on KEB Hana Bank (the bank), for non-compliance with the directions issued by RBI on “Reserve Bank of India (Interest Rate on Deposits) Directions, 2016”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with sections 46 (4) (i) of the Banking Regulation Act, 1949 (t
মে’ 12, 2022
RBI imposes Monetary Penalty on Unimoni Financial Services Limited
The Reserve Bank of India (RBI) has imposed monetary penalty of ₹29,79,000/- (Rupees twenty nine lakh seventy nine thousand only) on Unimoni Financial Services Limited (the entity) for non-compliance with the instruction contained in paragraph 9.1(i) of the Master Direction on Issuance and Operation of Prepaid Payment Instruments (PPI MD) dated October 11, 2017 (as updated on November 17, 2020). The penalty has been imposed in exercise of powers vested in RBI under Se
The Reserve Bank of India (RBI) has imposed monetary penalty of ₹29,79,000/- (Rupees twenty nine lakh seventy nine thousand only) on Unimoni Financial Services Limited (the entity) for non-compliance with the instruction contained in paragraph 9.1(i) of the Master Direction on Issuance and Operation of Prepaid Payment Instruments (PPI MD) dated October 11, 2017 (as updated on November 17, 2020). The penalty has been imposed in exercise of powers vested in RBI under Se
মে’ 09, 2022
RBI imposes monetary penalty on Abhyudaya Co-operative Bank Limited, Mumbai
The Reserve Bank of India (RBI) has, by an order dated May 05, 2022, imposed a monetary penalty of ₹58.00 lakh (Rupees Fifty-Eight Lakh only) on Abhyudaya Co-operative Bank Limited, Mumbai (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks’, ‘Monitoring and Reporting Mechanism of Frauds’, ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters (IRAC norms)’ and ‘Management of Advances’.
The Reserve Bank of India (RBI) has, by an order dated May 05, 2022, imposed a monetary penalty of ₹58.00 lakh (Rupees Fifty-Eight Lakh only) on Abhyudaya Co-operative Bank Limited, Mumbai (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks’, ‘Monitoring and Reporting Mechanism of Frauds’, ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters (IRAC norms)’ and ‘Management of Advances’.
মে’ 09, 2022
Reserve Bank of India imposes monetary penalty on Noida Commercial Co-operative Bank Ltd., Ghaziabad, U.P.
The Reserve Bank of India (RBI) has imposed, by an order dated May 04, 2022, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on the Noida Commercial Co-operative Bank Ltd., Ghaziabad (the bank) for contravention of Section 35A and section 36 (1) read with Section 56 of the Banking Regulation Act, 1949. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of th
The Reserve Bank of India (RBI) has imposed, by an order dated May 04, 2022, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on the Noida Commercial Co-operative Bank Ltd., Ghaziabad (the bank) for contravention of Section 35A and section 36 (1) read with Section 56 of the Banking Regulation Act, 1949. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of th
মে’ 06, 2022
Reserve Bank of India imposes monetary penalty on KKR India Financial Services Limited, Mumbai
The Reserve Bank of India (RBI) has imposed, by an order dated May 05, 2022, a monetary penalty of ₹5.00 Lakh (Rupees Five Lakh only) on KKR India Financial Services Limited, Mumbai (the company) for non-compliance with the ‘Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016’ issued by RBI. This penalty has been imposed in exercise of powers vested in RBI under the provisions of clause (b) of sub-section (1) of section 58 G read with clause (aa) of sub-sect
The Reserve Bank of India (RBI) has imposed, by an order dated May 05, 2022, a monetary penalty of ₹5.00 Lakh (Rupees Five Lakh only) on KKR India Financial Services Limited, Mumbai (the company) for non-compliance with the ‘Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016’ issued by RBI. This penalty has been imposed in exercise of powers vested in RBI under the provisions of clause (b) of sub-section (1) of section 58 G read with clause (aa) of sub-sect
মে’ 06, 2022
Reserve Bank of India imposes monetary penalty on Daimler Financial Services India Private Limited, Pune, Maharashtra
The Reserve Bank of India (RBI) has, by an order dated May 05, 2022, imposed a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on Daimler Financial Services India Private Limited, Pune, Maharashtra (the company) for non-compliance with the ‘Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016’ issued by RBI. This penalty has been imposed in exercise of powers vested in RBI under the provisions of clause (b) of sub-section (1) of section 58 G read with
The Reserve Bank of India (RBI) has, by an order dated May 05, 2022, imposed a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on Daimler Financial Services India Private Limited, Pune, Maharashtra (the company) for non-compliance with the ‘Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016’ issued by RBI. This penalty has been imposed in exercise of powers vested in RBI under the provisions of clause (b) of sub-section (1) of section 58 G read with
মে’ 02, 2022
Reserve Bank of India imposes monetary penalty on Shree Kadi Nagarik Sahakari Bank Ltd., Kadi (Gujarat)
The Reserve Bank of India (RBI) has, by an Order dated April 29, 2022, imposed a monetary penalty of ₹4.00 lakh (Rupees four lakh only) on Shree Kadi Nagarik Sahakari Bank Ltd., Kadi (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Loans and advances to directors, relatives and firms / concerns in which they are interested’, ‘Loans and advances to directors etc- directors as surety/guarantors- Clarification’, ‘Bank Finance against Shares and Debe
The Reserve Bank of India (RBI) has, by an Order dated April 29, 2022, imposed a monetary penalty of ₹4.00 lakh (Rupees four lakh only) on Shree Kadi Nagarik Sahakari Bank Ltd., Kadi (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Loans and advances to directors, relatives and firms / concerns in which they are interested’, ‘Loans and advances to directors etc- directors as surety/guarantors- Clarification’, ‘Bank Finance against Shares and Debe
এপ্ৰিল 25, 2022
RBI imposes monetary penalty on Rajkot Nagarik Sahakari Bank Limited, Rajkot
The Reserve Bank of India (RBI) has, by an order dated April 18, 2022, imposed a monetary penalty of ₹12.00 lakh (Rupees twelve lakh only) on Rajkot Nagarik Sahakari Bank Limited, Rajkot (the bank) for non-compliance with the direction issued by RBI on ‘Interest Rate on Deposits’. This penalty has been imposed in exercise of powers vested in RBI conferred under section 47 A (1) (c) read with sections 46 (4) (i) and 56 of Banking Regulation Act, 1949 (BR Act), taking i
The Reserve Bank of India (RBI) has, by an order dated April 18, 2022, imposed a monetary penalty of ₹12.00 lakh (Rupees twelve lakh only) on Rajkot Nagarik Sahakari Bank Limited, Rajkot (the bank) for non-compliance with the direction issued by RBI on ‘Interest Rate on Deposits’. This penalty has been imposed in exercise of powers vested in RBI conferred under section 47 A (1) (c) read with sections 46 (4) (i) and 56 of Banking Regulation Act, 1949 (BR Act), taking i
এপ্ৰিল 25, 2022
RBI imposes monetary penalty on The Haryana State Co-operative Apex Bank Ltd., Chandigarh
The Reserve Bank of India (RBI) has, by an order dated April 18, 2022, imposed a monetary penalty of ₹25,00,000/- (Rupees Twenty-Five Lakh only) on The Haryana State Co-operative Apex Bank Limited, Chandigarh (the bank) for non-compliance with RBI directions on Housing Finance. This penalty has been imposed in exercise of powers vested in RBI under section 47 A (1) (c) read with sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949. This action is based on de
The Reserve Bank of India (RBI) has, by an order dated April 18, 2022, imposed a monetary penalty of ₹25,00,000/- (Rupees Twenty-Five Lakh only) on The Haryana State Co-operative Apex Bank Limited, Chandigarh (the bank) for non-compliance with RBI directions on Housing Finance. This penalty has been imposed in exercise of powers vested in RBI under section 47 A (1) (c) read with sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949. This action is based on de
এপ্ৰিল 25, 2022
Reserve Bank of India imposes monetary penalty on Bank of Maharashtra
The Reserve Bank of India (RBI) has imposed, by an order dated April 18, 2022, a monetary penalty of ₹1.12 Crore (Rupees One Crore and Twelve Lakh only) on Bank of Maharashtra (the bank) for non-compliance with certain directions issued by RBI on ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’ ‘Creation of a Central Repository of Large Common Exposures - Across Banks’ read with ‘Central Repository of Information on Large Credits (CRILC) – Revision
The Reserve Bank of India (RBI) has imposed, by an order dated April 18, 2022, a monetary penalty of ₹1.12 Crore (Rupees One Crore and Twelve Lakh only) on Bank of Maharashtra (the bank) for non-compliance with certain directions issued by RBI on ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’ ‘Creation of a Central Repository of Large Common Exposures - Across Banks’ read with ‘Central Repository of Information on Large Credits (CRILC) – Revision
এপ্ৰিল 22, 2022
Reserve Bank of India imposes monetary penalty on Central Bank of India
The Reserve Bank of India (RBI) has imposed, by an order dated April 18, 2022 a monetary penalty of ₹36 lakh (Rupees Thirty six lakh only) on Central Bank of India (the bank) for non-compliance with certain directions issued by RBI on ‘Customer Protection–Limiting Liability of Customers in Unauthorised Electronic Banking Transactions’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with section 46 (4
The Reserve Bank of India (RBI) has imposed, by an order dated April 18, 2022 a monetary penalty of ₹36 lakh (Rupees Thirty six lakh only) on Central Bank of India (the bank) for non-compliance with certain directions issued by RBI on ‘Customer Protection–Limiting Liability of Customers in Unauthorised Electronic Banking Transactions’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with section 46 (4
এপ্ৰিল 18, 2022
Reserve Bank of India Imposes Monetary Penalty on Manappuram Finance Limited
The Reserve Bank of India (RBI) has imposed monetary penalty of ₹17,63,965/- (Rupees seventeen lakh sixty three thousand nine hundred and sixty five only) on Manappuram Finance Limited (the entity) for non-compliance with certain provisions of the Master Direction on Issuance and Operation of Prepaid Payment Instruments (PPIs) dated October 11, 2017 (updated as on February 28, 2020) and the Master Direction - Know Your Customer (KYC) Direction dated February 25, 2016
The Reserve Bank of India (RBI) has imposed monetary penalty of ₹17,63,965/- (Rupees seventeen lakh sixty three thousand nine hundred and sixty five only) on Manappuram Finance Limited (the entity) for non-compliance with certain provisions of the Master Direction on Issuance and Operation of Prepaid Payment Instruments (PPIs) dated October 11, 2017 (updated as on February 28, 2020) and the Master Direction - Know Your Customer (KYC) Direction dated February 25, 2016
এপ্ৰিল 11, 2022
Reserve Bank of India imposes monetary penalty on The Nanded Merchant’s Co-operative Bank Ltd., Nanded (M.H)
The Reserve Bank of India (RBl) has imposed, by an order dated April 07, 2022, a monetary penalty of ₹0.50 lakh (Rupees Fifty Thousand only) on The Nanded Merchant’s Co-operative Bank Ltd., Nanded, Maharashtra (the bank) for contravention of/ non-compliance with directions issued by RBI on Exposure Norms and Statutory/Other Restrictions on UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sec
The Reserve Bank of India (RBl) has imposed, by an order dated April 07, 2022, a monetary penalty of ₹0.50 lakh (Rupees Fifty Thousand only) on The Nanded Merchant’s Co-operative Bank Ltd., Nanded, Maharashtra (the bank) for contravention of/ non-compliance with directions issued by RBI on Exposure Norms and Statutory/Other Restrictions on UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sec
এপ্ৰিল 11, 2022
Reserve Bank of India imposes monetary penalty on Jila Sahakari Kendriya Bank Maryadit, Shahdol (M.P.)
The Reserve Bank of India (RBl) has imposed, by an order dated April 06, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Jila Sahakari Kendriya Bank Maryadit, Shahdol (M.P.) (the bank) for contravention of/ non-compliance with the provisions of the Banking Regulation Act 1949 (the Act), the Depositor Education and Awareness Fund Scheme, 2014 (the Scheme) and directions issued by the RBI on Know Your Customer (KYC). This penalty has been imposed in exe
The Reserve Bank of India (RBl) has imposed, by an order dated April 06, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Jila Sahakari Kendriya Bank Maryadit, Shahdol (M.P.) (the bank) for contravention of/ non-compliance with the provisions of the Banking Regulation Act 1949 (the Act), the Depositor Education and Awareness Fund Scheme, 2014 (the Scheme) and directions issued by the RBI on Know Your Customer (KYC). This penalty has been imposed in exe
এপ্ৰিল 11, 2022
Reserve Bank of India imposes monetary penalty on Andarsul Urban Co-operative Bank Ltd., Andarsul (M.H)
The Reserve Bank of India (RBl) has imposed, by an order dated April 06, 2022, a monetary penalty of ₹1.50 lakh (Rupees One lakh Fifty Thousand only) on Andarsul Urban Co-operative Bank Ltd., Andarsul (Maharashtra) (the bank) for contravention of/ non-adherence with the Directions issued by RBI to Urban Co-operative Banks on Board of Directors and Exposure Norms & Statutory/ Other Restrictions-UCBs. This penalty has been imposed in exercise of powers vested in RBI
The Reserve Bank of India (RBl) has imposed, by an order dated April 06, 2022, a monetary penalty of ₹1.50 lakh (Rupees One lakh Fifty Thousand only) on Andarsul Urban Co-operative Bank Ltd., Andarsul (Maharashtra) (the bank) for contravention of/ non-adherence with the Directions issued by RBI to Urban Co-operative Banks on Board of Directors and Exposure Norms & Statutory/ Other Restrictions-UCBs. This penalty has been imposed in exercise of powers vested in RBI
এপ্ৰিল 11, 2022
Reserve Bank of India imposes monetary penalty on Mahesh Urban Co-operative Bank Ltd., Ahmedpur, Maharashtra
The Reserve Bank of India (RBl) has imposed, by an order dated April 06, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Mahesh Urban Co-operative Bank Ltd., Ahmedpur, Maharashtra (the bank) for contravention of/ non-compliance with the Directions issued by the RBI to Urban Co-operative Banks on Exposure Norms & Statutory/ Other Restrictions-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47
The Reserve Bank of India (RBl) has imposed, by an order dated April 06, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Mahesh Urban Co-operative Bank Ltd., Ahmedpur, Maharashtra (the bank) for contravention of/ non-compliance with the Directions issued by the RBI to Urban Co-operative Banks on Exposure Norms & Statutory/ Other Restrictions-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47
এপ্ৰিল 08, 2022
Reserve Bank of India imposes monetary penalty on Axis Bank Ltd
The Reserve Bank of India (RBI) has imposed, by an order dated April 07, 2022, a monetary penalty of ₹93 Lakh (Rupees Ninety-three Lakh only) on Axis Bank Ltd. (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and Advances – Statutory and Other Restrictions’, ‘Reserve Bank of India (Financial Services provided by Banks) Directions, 2016’, ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’, and ‘Levy of penal charges on non-
The Reserve Bank of India (RBI) has imposed, by an order dated April 07, 2022, a monetary penalty of ₹93 Lakh (Rupees Ninety-three Lakh only) on Axis Bank Ltd. (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and Advances – Statutory and Other Restrictions’, ‘Reserve Bank of India (Financial Services provided by Banks) Directions, 2016’, ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’, and ‘Levy of penal charges on non-
এপ্ৰিল 08, 2022
Reserve Bank of India imposes monetary penalty on IDBI Bank Limited
The Reserve Bank of India (RBI) has imposed, by an order dated April 07, 2022, a monetary penalty of ₹90 Lakh (Rupees Ninety Lakh only) on IDBI Bank Limited (the bank) for non-compliance with the directions issued by RBI on “Frauds - classification and reporting by commercial banks and select FIs”, “Strengthening the Controls of Payment Ecosystem between Sponsor Banks and SCBs/UCBs as a Corporate Customer” and “Cyber Security Framework in Banks”. This penalty has been
The Reserve Bank of India (RBI) has imposed, by an order dated April 07, 2022, a monetary penalty of ₹90 Lakh (Rupees Ninety Lakh only) on IDBI Bank Limited (the bank) for non-compliance with the directions issued by RBI on “Frauds - classification and reporting by commercial banks and select FIs”, “Strengthening the Controls of Payment Ecosystem between Sponsor Banks and SCBs/UCBs as a Corporate Customer” and “Cyber Security Framework in Banks”. This penalty has been
এপ্ৰিল 04, 2022
Reserve Bank of India imposes monetary penalty on The Yashwant Cooperative Bank Limited, Phaltan
The Reserve Bank of India (RBI) has imposed, by an order dated March 22, 2022, a monetary penalty of ₹2 lakh (Rupees Two lakh only) on The Yashwant Cooperative Bank Limited, Phaltan (the bank) for contravention of/ non-compliance with directions issued by RBI on Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with
The Reserve Bank of India (RBI) has imposed, by an order dated March 22, 2022, a monetary penalty of ₹2 lakh (Rupees Two lakh only) on The Yashwant Cooperative Bank Limited, Phaltan (the bank) for contravention of/ non-compliance with directions issued by RBI on Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with
এপ্ৰিল 04, 2022
Reserve Bank of India imposes monetary penalty on Kokan Mercantile Co-operative Bank Ltd., Mumbai
The Reserve Bank of India (RBI) has imposed, by an order dated March 22, 2022, a monetary penalty of ₹2 lakh (Rupees Two lakh only) on Kokan Mercantile Co-operative Bank Ltd., Mumbai (the bank) for contravention of/ non-compliance with directions issued by RBI on Income Recognition, Asset Classification and Provisioning and Other Related Matters – UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read
The Reserve Bank of India (RBI) has imposed, by an order dated March 22, 2022, a monetary penalty of ₹2 lakh (Rupees Two lakh only) on Kokan Mercantile Co-operative Bank Ltd., Mumbai (the bank) for contravention of/ non-compliance with directions issued by RBI on Income Recognition, Asset Classification and Provisioning and Other Related Matters – UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read
এপ্ৰিল 04, 2022
Reserve Bank of India imposes monetary penalty on Samata Cooperative Development Bank Ltd., Kolkata (West Bengal)
The Reserve Bank of India (RBI) has imposed, by an order dated March 22, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on the Samata Cooperative Development Bank Limited, Kolkata, (West Bengal) (the bank) for contravention of/ non-adherence with the directions issued by RBI to Urban Cooperative Bank on ‘Exposure Norms and Statutory / Other Restrictions – UCBs’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Se
The Reserve Bank of India (RBI) has imposed, by an order dated March 22, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on the Samata Cooperative Development Bank Limited, Kolkata, (West Bengal) (the bank) for contravention of/ non-adherence with the directions issued by RBI to Urban Cooperative Bank on ‘Exposure Norms and Statutory / Other Restrictions – UCBs’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Se
মাৰ্চ 21, 2022
Reserve Bank of India imposes monetary penalty on The Bank Employees’ Co-operative Bank Limited, Kolkata (West Bengal)
The Reserve Bank of India (RBI) has imposed, by an order dated March 10, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakhs only) on The Bank Employees’ Co-operative Bank Limited, Kolkata (West Bengal) (the bank) for contravention of/ non-adherence with the Directions issued by RBI to Urban Cooperative Banks on ‘Exposure Norms and Statutory / Other Restrictions – UCBs’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Sec
The Reserve Bank of India (RBI) has imposed, by an order dated March 10, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakhs only) on The Bank Employees’ Co-operative Bank Limited, Kolkata (West Bengal) (the bank) for contravention of/ non-adherence with the Directions issued by RBI to Urban Cooperative Banks on ‘Exposure Norms and Statutory / Other Restrictions – UCBs’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Sec
মাৰ্চ 21, 2022
Reserve Bank of India imposes monetary penalty on Adarsh Mahila Mercantile Co-operative Bank Ltd., Muzaffarnagar (U.P.)
The Reserve Bank of India (RBI) has imposed, by an order dated March 16, 2022, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on the Adarsh Mahila Mercantile Co-operative Bank Ltd., Muzaffarnagar (the bank) for contravention of directions on sanction of loans to Directors/ entities in which they are interested. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Sectio
The Reserve Bank of India (RBI) has imposed, by an order dated March 16, 2022, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on the Adarsh Mahila Mercantile Co-operative Bank Ltd., Muzaffarnagar (the bank) for contravention of directions on sanction of loans to Directors/ entities in which they are interested. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Sectio
মাৰ্চ 14, 2022
Reserve Bank of India imposes monetary penalty on The Navnirman Co-operative Bank Ltd., Ahmedabad (Gujarat)
The Reserve Bank of India (RBI) has, by an Order dated March 07, 2022, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on The Navnirman Co-operative Bank Ltd., Ahmedabad (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Loans and advances to directors, relatives and firms / concerns in which they are interested’ and ‘Loans and advances to directors etc- directors as surety/guarantors- Clarification-UCBs’. This penalty has been impo
The Reserve Bank of India (RBI) has, by an Order dated March 07, 2022, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on The Navnirman Co-operative Bank Ltd., Ahmedabad (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Loans and advances to directors, relatives and firms / concerns in which they are interested’ and ‘Loans and advances to directors etc- directors as surety/guarantors- Clarification-UCBs’. This penalty has been impo
মাৰ্চ 14, 2022
Reserve Bank of India imposes monetary penalty on The Amravati Merchants’ Co-operative Bank Ltd., Amravati (M.H.)
The Reserve Bank of India (RBl) has imposed, by an order dated March 11, 2022, a monetary penalty of ₹50,000 (Rupees Fifty Thousand only) on The Amravati Merchants’ Co-operative Bank Ltd., Amravati (the bank) for contravention of/ non-compliance with the directions issued by RBI to Urban Cooperative Banks on Frauds - Classification and Reporting. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Se
The Reserve Bank of India (RBl) has imposed, by an order dated March 11, 2022, a monetary penalty of ₹50,000 (Rupees Fifty Thousand only) on The Amravati Merchants’ Co-operative Bank Ltd., Amravati (the bank) for contravention of/ non-compliance with the directions issued by RBI to Urban Cooperative Banks on Frauds - Classification and Reporting. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Se
মাৰ্চ 14, 2022
Reserve Bank of India imposes monetary penalty on The Faiz Mercantile Co-operative Bank Ltd., Nasik (M.H)
The Reserve Bank of India (RBl) has imposed, by an order dated March 09, 2022, a monetary penalty of ₹25,000 (Rupees Twenty Five Thousand only) on The Faiz Mercantile Co-operative Bank Ltd., Nasik (the bank) for contravention of/ non-adherence with the Directions issued by RBI to Urban Co-operative Banks on Board of Directors and Exposure Norms & Statutory/ Other Restrictions-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisi
The Reserve Bank of India (RBl) has imposed, by an order dated March 09, 2022, a monetary penalty of ₹25,000 (Rupees Twenty Five Thousand only) on The Faiz Mercantile Co-operative Bank Ltd., Nasik (the bank) for contravention of/ non-adherence with the Directions issued by RBI to Urban Co-operative Banks on Board of Directors and Exposure Norms & Statutory/ Other Restrictions-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisi
মাৰ্চ 14, 2022
Reserve Bank of India imposes monetary penalty on Jila Sahakari Kendriya Bank Maryadit, Narsinghpur (M.P.)
The Reserve Bank of India (RBl) has imposed, by an order dated March 09, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Jila Sahakari Kendriya Bank Maryadit, Narsinghpur (M.P.) (the bank) for contravention of/ non-compliance with the provisions of the Banking Regulation Act, 1949 (the Act) and the Depositor Education and Awareness Fund Scheme, 2014 (the Scheme). This penalty has been imposed in exercise of powers vested in RBI under the provisions of
The Reserve Bank of India (RBl) has imposed, by an order dated March 09, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Jila Sahakari Kendriya Bank Maryadit, Narsinghpur (M.P.) (the bank) for contravention of/ non-compliance with the provisions of the Banking Regulation Act, 1949 (the Act) and the Depositor Education and Awareness Fund Scheme, 2014 (the Scheme). This penalty has been imposed in exercise of powers vested in RBI under the provisions of
মাৰ্চ 14, 2022
Reserve Bank of India imposes monetary penalty on The Nabapalli Cooperative Bank Limited, Barasat, 24 Paraganas (N), West Bengal
The Reserve Bank of India (RBI) has imposed, by an order dated March 08, 2022, a monetary penalty of ₹4.00 lakh (Rupees Four lakhs only) on The Nabapalli Cooperative Bank Limited, Barasat, 24 Paraganas (N), West Bengal (the bank) for contravention of/non-adherence to directions issued under ‘Exposure Norms and Statutory/Other Restrictions – UCBs’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with S
The Reserve Bank of India (RBI) has imposed, by an order dated March 08, 2022, a monetary penalty of ₹4.00 lakh (Rupees Four lakhs only) on The Nabapalli Cooperative Bank Limited, Barasat, 24 Paraganas (N), West Bengal (the bank) for contravention of/non-adherence to directions issued under ‘Exposure Norms and Statutory/Other Restrictions – UCBs’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with S
মাৰ্চ 14, 2022
Reserve Bank of India imposes monetary penalty on The Manipur Women’s Cooperative Bank Limited, Paona Bazar, Imphal, Manipur
The Reserve Bank of India (RBI) has imposed, by an order dated March 09, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakhs only) on The Manipur Women’s Cooperative Bank Limited, Paona Bazar, Imphal, Manipur (the bank) for contravention of/non-adherence to directions issued under ‘Exposure Norms and Statutory/Other Restrictions – UCBs’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sectio
The Reserve Bank of India (RBI) has imposed, by an order dated March 09, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakhs only) on The Manipur Women’s Cooperative Bank Limited, Paona Bazar, Imphal, Manipur (the bank) for contravention of/non-adherence to directions issued under ‘Exposure Norms and Statutory/Other Restrictions – UCBs’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sectio
মাৰ্চ 14, 2022
RBI imposes monetary penalty on United India Co-operative Bank Limited, Nagina, UP
The Reserve Bank of India (RBI) has imposed, by an order dated March 09, 2022, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on the United India Co-operative Bank Limited, Nagina, UP (the bank) for contravention of section 20 and 35A read with section 56 of the Banking Regulation Act, 1949. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Banking Regul
The Reserve Bank of India (RBI) has imposed, by an order dated March 09, 2022, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on the United India Co-operative Bank Limited, Nagina, UP (the bank) for contravention of section 20 and 35A read with section 56 of the Banking Regulation Act, 1949. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Banking Regul
মাৰ্চ 14, 2022
RBI imposes monetary penalty on The Baghat Urban Co-operative Bank Limited, Solan, HP
The Reserve Bank of India (RBI) has imposed, by an order dated March 08, 2022, a monetary penalty of ₹3.00 lakh (Rupees Three Lakh only) on The Baghat Urban Co-operative Bank Limited, Solan, HP (the bank) for contravention of section 36 (1) read with section 56 of the Banking Regulation Act, 1949 as the bank failed to adhere to specific directions issued to it by RBI under Supervisory Action Framework (SAF). This penalty has been imposed in exercise of powers vested i
The Reserve Bank of India (RBI) has imposed, by an order dated March 08, 2022, a monetary penalty of ₹3.00 lakh (Rupees Three Lakh only) on The Baghat Urban Co-operative Bank Limited, Solan, HP (the bank) for contravention of section 36 (1) read with section 56 of the Banking Regulation Act, 1949 as the bank failed to adhere to specific directions issued to it by RBI under Supervisory Action Framework (SAF). This penalty has been imposed in exercise of powers vested i
মাৰ্চ 11, 2022
Reserve Bank of India imposes monetary penalty on M.L. Securities and Finance Private Limited, Indore (M.P)
The Reserve Bank of India (RBl) has imposed, by an order dated March 11, 2022, a monetary penalty of ₹2.50 lakh (Rupees Two Lakh and Fifty Thousand only) on M.L. Securities and Finance Private Limited, Indore (M.P) (the company) for non-compliance with certain provisions of the directions issued by RBI on classification of Non-performing assets contained in ‘Non-Banking Financial Company - Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions
The Reserve Bank of India (RBl) has imposed, by an order dated March 11, 2022, a monetary penalty of ₹2.50 lakh (Rupees Two Lakh and Fifty Thousand only) on M.L. Securities and Finance Private Limited, Indore (M.P) (the company) for non-compliance with certain provisions of the directions issued by RBI on classification of Non-performing assets contained in ‘Non-Banking Financial Company - Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions
মাৰ্চ 07, 2022
Reserve Bank of India Imposes Monetary Penalty on LivQuik Technology (India) Private Limited
The Reserve Bank of India (RBI) has imposed monetary penalty of ₹14,83,000/- (Rupees fourteen lakh eighty three thousand only) on LivQuik Technology (India) Private Limited (the entity) for non-compliance with certain provisions of the Master Direction on Issuance and Operation of Prepaid Payment Instruments dated October 11, 2017 (updated as on November 17, 2020). The penalty has been imposed in exercise of powers vested in RBI under Section 30 of the Payment and Set
The Reserve Bank of India (RBI) has imposed monetary penalty of ₹14,83,000/- (Rupees fourteen lakh eighty three thousand only) on LivQuik Technology (India) Private Limited (the entity) for non-compliance with certain provisions of the Master Direction on Issuance and Operation of Prepaid Payment Instruments dated October 11, 2017 (updated as on November 17, 2020). The penalty has been imposed in exercise of powers vested in RBI under Section 30 of the Payment and Set
মাৰ্চ 07, 2022
Reserve Bank of India imposes monetary penalty on The Tiruvannamalai Co-operative Urban Bank Ltd (No.C0-570), Thiruvannamalai, Tamil Nadu
The Reserve Bank of India (RBI) has imposed, by an order dated March 01, 2022, a monetary penalty of ₹2.00 lakh (Rupees two lakh only) on The Tiruvannamalai Co-operative Urban Bank Ltd (No.C0-570), Thiruvannamalai, Tamil Nadu (the bank) for non-adherence / violation of directions issued under Exposure Norms and Statutory / Other Restrictions – UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with
The Reserve Bank of India (RBI) has imposed, by an order dated March 01, 2022, a monetary penalty of ₹2.00 lakh (Rupees two lakh only) on The Tiruvannamalai Co-operative Urban Bank Ltd (No.C0-570), Thiruvannamalai, Tamil Nadu (the bank) for non-adherence / violation of directions issued under Exposure Norms and Statutory / Other Restrictions – UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with
মাৰ্চ 07, 2022
Reserve Bank of India imposes monetary penalty on The Nilambur Co-operative Urban Bank Ltd., No.F 1043, Nilambur, Malappuram District, Kerala
The Reserve Bank of India (RBI) has imposed, by an order dated March 01, 2022, a monetary penalty of ₹5.00 lakh (Rupees five lakh only) on The Nilambur Co-operative Urban Bank Ltd., No.F 1043, Nilambur, Malappuram District, Kerala (the bank) for contravention of/ non-compliance with the directions issued by RBI on “Income Recognition and Asset Classification” and on “Management of Advances – UCBs”. The penalty has been imposed on the bank in exercise of powers vested
The Reserve Bank of India (RBI) has imposed, by an order dated March 01, 2022, a monetary penalty of ₹5.00 lakh (Rupees five lakh only) on The Nilambur Co-operative Urban Bank Ltd., No.F 1043, Nilambur, Malappuram District, Kerala (the bank) for contravention of/ non-compliance with the directions issued by RBI on “Income Recognition and Asset Classification” and on “Management of Advances – UCBs”. The penalty has been imposed on the bank in exercise of powers vested
মাৰ্চ 07, 2022
Reserve Bank of India imposes monetary penalty on The Agrasen Co-operative Urban Bank Ltd., Hyderabad, Telangana
The Reserve Bank of India (RBI) has imposed, by an order dated March 04, 2022, a monetary penalty of ₹12.00 lakh (Rupees twelve lakh only) on The Agrasen Co-operative Urban Bank Ltd., Hyderabad, Telangana (the bank) for non-adherence / violation of directions issued on ‘Income Recognition, Asset Classification, Provisioning’ and ‘Exposure norms/ Statutory / Other Restrictions-UCBs.’ This penalty has been imposed in exercise of powers vested in RBI under the provisions
The Reserve Bank of India (RBI) has imposed, by an order dated March 04, 2022, a monetary penalty of ₹12.00 lakh (Rupees twelve lakh only) on The Agrasen Co-operative Urban Bank Ltd., Hyderabad, Telangana (the bank) for non-adherence / violation of directions issued on ‘Income Recognition, Asset Classification, Provisioning’ and ‘Exposure norms/ Statutory / Other Restrictions-UCBs.’ This penalty has been imposed in exercise of powers vested in RBI under the provisions
মাৰ্চ 07, 2022
Reserve Bank of India imposes monetary penalty on The Tadpatri Cooperative Town Bank Ltd., Anantapur District, Andhra Pradesh
The Reserve Bank of India (RBI) has imposed, by an order dated March 01, 2022, a monetary penalty of ₹2.00 lakh (Rupees two lakh only) on The Tadpatri Cooperative Town Bank Ltd., Anantapur District, Andhra Pradesh (the bank) for non-adherence / violation of directions issued on i) prohibition of loans and advances to Directors and their relatives and the firms / concerns in which they were interested ii) Income Recognition, Asset Classification, Provisioning and Other
The Reserve Bank of India (RBI) has imposed, by an order dated March 01, 2022, a monetary penalty of ₹2.00 lakh (Rupees two lakh only) on The Tadpatri Cooperative Town Bank Ltd., Anantapur District, Andhra Pradesh (the bank) for non-adherence / violation of directions issued on i) prohibition of loans and advances to Directors and their relatives and the firms / concerns in which they were interested ii) Income Recognition, Asset Classification, Provisioning and Other
মাৰ্চ 07, 2022
Reserve Bank of India imposes monetary penalty on The People’s Urban Co-operative Bank Ltd., Tripunithura, Ernakulam, Kerala
The Reserve Bank of India (RBI) has imposed, by an order dated March 04, 2022, a monetary penalty of ₹5.00 lakh (Rupees five lakh only) on The People’s Urban Co-operative Bank Ltd., Tripunithura, Ernakulam, Kerala (the bank) for non-adherence / violation of directions issued under Income Recognition, Asset Classification, Provisioning and Other related Matters-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A
The Reserve Bank of India (RBI) has imposed, by an order dated March 04, 2022, a monetary penalty of ₹5.00 lakh (Rupees five lakh only) on The People’s Urban Co-operative Bank Ltd., Tripunithura, Ernakulam, Kerala (the bank) for non-adherence / violation of directions issued under Income Recognition, Asset Classification, Provisioning and Other related Matters-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A
মাৰ্চ 07, 2022
Reserve Bank of India imposes monetary penalty on The Krishna District Cooperative Central Bank Ltd., Machilipatnam, Krishna District, Andhra Pradesh
The Reserve Bank of India (RBI) has imposed, by an order dated March 2, 2022, a monetary penalty of ₹2 lakh (Rupees two lakh only) on The Krishna District Cooperative Central Bank Ltd., Machilipatnam, Krishna District, Andhra Pradesh (the bank) for non-adherence / violation of certain directions issued by RBI contained in the Circular on ‘Income Recognition, Asset Classification and Provisioning’ and NABARD circular on ‘Frauds-Guidelines for classification, reporting
The Reserve Bank of India (RBI) has imposed, by an order dated March 2, 2022, a monetary penalty of ₹2 lakh (Rupees two lakh only) on The Krishna District Cooperative Central Bank Ltd., Machilipatnam, Krishna District, Andhra Pradesh (the bank) for non-adherence / violation of certain directions issued by RBI contained in the Circular on ‘Income Recognition, Asset Classification and Provisioning’ and NABARD circular on ‘Frauds-Guidelines for classification, reporting
মাৰ্চ 07, 2022
Reserve Bank of India imposes monetary penalty on Shree Mahalaxmi Mercantile Co-operative Bank Ltd., Vadodara (Gujarat)
The Reserve Bank of India (RBI) has, by an order dated March 04, 2022, imposed a monetary penalty of ₹2.00 lakh (Rupees two lakh only) on Shree Mahalaxmi Mercantile Co-operative Bank Ltd., Vadodara (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Loans and advances to directors, relatives and firms / concerns in which they are interested’, and non-compliance with specific directions dated December 07, 2017 issued by RBI under the Supervisory Acti
The Reserve Bank of India (RBI) has, by an order dated March 04, 2022, imposed a monetary penalty of ₹2.00 lakh (Rupees two lakh only) on Shree Mahalaxmi Mercantile Co-operative Bank Ltd., Vadodara (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Loans and advances to directors, relatives and firms / concerns in which they are interested’, and non-compliance with specific directions dated December 07, 2017 issued by RBI under the Supervisory Acti
মাৰ্চ 07, 2022
RBI imposes monetary penalty on SBPP Co-operative Bank Limited, Killa Pardi, Gujarat
The Reserve Bank of India (RBI) has, by an order dated March 02, 2022, imposed a monetary penalty of ₹48.00 lakh (Rupees forty-eight lakh only) on SBPP Co-operative Bank Limited, Killa Pardi, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Interest Rate on Deposits’ and ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers vested in RBI conferred under section 47 A (1) (c) read with sections 46 (4) (i) and 56 of Ba
The Reserve Bank of India (RBI) has, by an order dated March 02, 2022, imposed a monetary penalty of ₹48.00 lakh (Rupees forty-eight lakh only) on SBPP Co-operative Bank Limited, Killa Pardi, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Interest Rate on Deposits’ and ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers vested in RBI conferred under section 47 A (1) (c) read with sections 46 (4) (i) and 56 of Ba
ফেব্ৰু 28, 2022
Reserve Bank of India imposes monetary penalty on Jila Sahakari Kendriya Bank Maryadit, Satna (M.P.)
The Reserve Bank of India (RBl) has imposed, by an order dated February 25, 2022, a monetary penalty of ₹25,000 (Rupees Twenty Five Thousand only) on Jila Sahakari Kendriya Bank Maryadit, Satna (M.P.) (the bank) for contravention of/ non-compliance with the provisions of the Banking Regulation Act, 1949 (the Act) and the Depositor Education and Awareness Fund Scheme, 2014 (the Scheme). This penalty has been imposed in exercise of powers vested in RBI under the provisi
The Reserve Bank of India (RBl) has imposed, by an order dated February 25, 2022, a monetary penalty of ₹25,000 (Rupees Twenty Five Thousand only) on Jila Sahakari Kendriya Bank Maryadit, Satna (M.P.) (the bank) for contravention of/ non-compliance with the provisions of the Banking Regulation Act, 1949 (the Act) and the Depositor Education and Awareness Fund Scheme, 2014 (the Scheme). This penalty has been imposed in exercise of powers vested in RBI under the provisi
ফেব্ৰু 28, 2022
Reserve Bank of India imposes monetary penalty on Nagrik Sahakari Bank Maryadit, Raipur (C.G)
The Reserve Bank of India (RBl) has imposed, by an order dated February 24, 2022 a monetary penalty of ₹4.50 lakh (Rupees Four lakh and fifty Thousand only) on Nagrik Sahakari Bank Maryadit, Raipur, Chhattisgarh (the bank) for contravention of/ non-adherence with the Directions issued by RBI to Urban Co-operative Banks on Exposure Norms & Statutory/Other Restrictions-UCBs and Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in R
The Reserve Bank of India (RBl) has imposed, by an order dated February 24, 2022 a monetary penalty of ₹4.50 lakh (Rupees Four lakh and fifty Thousand only) on Nagrik Sahakari Bank Maryadit, Raipur, Chhattisgarh (the bank) for contravention of/ non-adherence with the Directions issued by RBI to Urban Co-operative Banks on Exposure Norms & Statutory/Other Restrictions-UCBs and Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in R
ফেব্ৰু 28, 2022
Reserve Bank of India imposes monetary penalty on Jila Sahakari Kendriya Bank Maryadit, Panna (M.P.)
The Reserve Bank of India (RBl) has imposed, by an order dated February 24, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Jila Sahakari Kendriya Bank Maryadit, Panna (M.P.) (the bank) for contravention of/ non-compliance with the provisions of the Banking Regulation Act, 1949 (the Act), the Depositor Education and Awareness Fund Scheme, 2014 (the Scheme) and directions issued by the Reserve Bank of India (RBI) on Know Your Customer (KYC). This penal
The Reserve Bank of India (RBl) has imposed, by an order dated February 24, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Jila Sahakari Kendriya Bank Maryadit, Panna (M.P.) (the bank) for contravention of/ non-compliance with the provisions of the Banking Regulation Act, 1949 (the Act), the Depositor Education and Awareness Fund Scheme, 2014 (the Scheme) and directions issued by the Reserve Bank of India (RBI) on Know Your Customer (KYC). This penal
ফেব্ৰু 21, 2022
Reserve Bank of India imposes monetary penalty on Chennai Central Co-operative Bank Ltd., Chennai, Tamil Nadu
The Reserve Bank of India (RBI) has imposed, by an order dated February 17, 2022, a monetary penalty of ₹1 lakh (Rupees one lakh only) on Chennai Central Co-operative Bank Ltd., Chennai, Tamil Nadu for non-adherence / violation of certain directions issued by RBI contained in the Circular on ‘Income Recognition, Assets Classification, Provisioning and Other Related Matters dated June 22, 1996. This penalty has been imposed in exercise of powers vested in RBI under the
The Reserve Bank of India (RBI) has imposed, by an order dated February 17, 2022, a monetary penalty of ₹1 lakh (Rupees one lakh only) on Chennai Central Co-operative Bank Ltd., Chennai, Tamil Nadu for non-adherence / violation of certain directions issued by RBI contained in the Circular on ‘Income Recognition, Assets Classification, Provisioning and Other Related Matters dated June 22, 1996. This penalty has been imposed in exercise of powers vested in RBI under the
ফেব্ৰু 21, 2022
Reserve Bank of India imposes monetary penalty on The Big Kancheepuram Co-operative Town Bank Limited (No.3), Kancheepuram, Tamil Nadu
The Reserve Bank of India (RBI) has imposed, by an order dated February 15, 2022, a monetary penalty of ₹2.00 lakh (Rupees two lakh only) on The Big Kancheepuram Co-operative Town Bank Limited (No.3) for non-adherence / violation of directions issued under Exposure Norms and Statutory / Other Restrictions – UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of
The Reserve Bank of India (RBI) has imposed, by an order dated February 15, 2022, a monetary penalty of ₹2.00 lakh (Rupees two lakh only) on The Big Kancheepuram Co-operative Town Bank Limited (No.3) for non-adherence / violation of directions issued under Exposure Norms and Statutory / Other Restrictions – UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of
ফেব্ৰু 21, 2022
Reserve Bank of India imposes monetary penalty on The Baramulla Central Co-operative Bank Limited, Jammu and Kashmir
The Reserve Bank of India (RBI) has imposed, by an order dated February 15, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on the Baramulla Central Co-operative Bank Limited, Jammu and Kashmir (the bank) for contravention of Section 6 and Section 9 read with Section 56 of the Banking Regulation Act, 1949 and violation of RBI Directions prohibiting acceptance of fresh deposits. This penalty has been imposed in exercise of powers vested in RBI under the p
The Reserve Bank of India (RBI) has imposed, by an order dated February 15, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on the Baramulla Central Co-operative Bank Limited, Jammu and Kashmir (the bank) for contravention of Section 6 and Section 9 read with Section 56 of the Banking Regulation Act, 1949 and violation of RBI Directions prohibiting acceptance of fresh deposits. This penalty has been imposed in exercise of powers vested in RBI under the p
ফেব্ৰু 14, 2022
Reserve Bank of India imposes monetary penalty on The Hyderabad District Co-Operative Central Bank Ltd., Hyderabad, Telangana
The Reserve Bank of India (RBI) has imposed, by an order dated February 9, 2022, a monetary penalty of ₹2 lakh (Rupees two lakh only) on The Hyderabad District Co-Operative Central Bank Ltd., Hyderabad, Telangana for non-adherence / violation of certain directions issued by RBI contained in the Circular on ‘Income Recognition, Asset Classification and Provisioning- Recognition of Loan Impairment by State / Central Co-operative Banks dated December 30, 2002 and for non
The Reserve Bank of India (RBI) has imposed, by an order dated February 9, 2022, a monetary penalty of ₹2 lakh (Rupees two lakh only) on The Hyderabad District Co-Operative Central Bank Ltd., Hyderabad, Telangana for non-adherence / violation of certain directions issued by RBI contained in the Circular on ‘Income Recognition, Asset Classification and Provisioning- Recognition of Loan Impairment by State / Central Co-operative Banks dated December 30, 2002 and for non
ফেব্ৰু 14, 2022
Reserve Bank of India imposes monetary penalty on Jila Sahakari Kendriya Bank Maryadit, Shivpuri (M.P.)
The Reserve Bank of India (RBl) has imposed, by an order dated February 11, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Jila Sahakari Kendriya Bank Maryadit, Shivpuri (M.P.) (the bank) for contravention of/ non-compliance with the provisions of the Banking Regulation Act, 1949 (the Act) and directions issued by the Reserve Bank of India (RBI) on Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI under the p
The Reserve Bank of India (RBl) has imposed, by an order dated February 11, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Jila Sahakari Kendriya Bank Maryadit, Shivpuri (M.P.) (the bank) for contravention of/ non-compliance with the provisions of the Banking Regulation Act, 1949 (the Act) and directions issued by the Reserve Bank of India (RBI) on Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI under the p
ফেব্ৰু 14, 2022
Reserve Bank of India imposes monetary penalty on The Vyavsaik Sahakari Bank Limited, Raipur (C.G.)
The Reserve Bank of India (RBl) has imposed, by an order dated February 11, 2022, a monetary penalty of ₹3.00 lakh (Rupees Three Lakh only) on The Vyavsaik Sahakari Bank Limited, Raipur (the bank) for contravention of/ non-compliance with Directions issued by RBI on Exposure Norms and Statutory/Other Restrictions on UCBs and Board of Directors - UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read wi
The Reserve Bank of India (RBl) has imposed, by an order dated February 11, 2022, a monetary penalty of ₹3.00 lakh (Rupees Three Lakh only) on The Vyavsaik Sahakari Bank Limited, Raipur (the bank) for contravention of/ non-compliance with Directions issued by RBI on Exposure Norms and Statutory/Other Restrictions on UCBs and Board of Directors - UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read wi
ফেব্ৰু 14, 2022
Reserve Bank of India imposes monetary penalty on Jila Sahakari Kendriya Bank Maryadit, Gwalior (M.P.)
The Reserve Bank of India (RBl) has imposed, by an order dated February 11, 2022, a monetary penalty of ₹10,000/- (Rupees Ten Thousand only) on Jila Sahakari Kendriya Bank Maryadit, Gwalior (M.P.) (the bank) for contravention of/ non-compliance with the directions issued by the RBI on Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of th
The Reserve Bank of India (RBl) has imposed, by an order dated February 11, 2022, a monetary penalty of ₹10,000/- (Rupees Ten Thousand only) on Jila Sahakari Kendriya Bank Maryadit, Gwalior (M.P.) (the bank) for contravention of/ non-compliance with the directions issued by the RBI on Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of th
ফেব্ৰু 14, 2022
Reserve Bank of India imposes monetary penalty on Mula Sahakari Bank Ltd., Sonai, Ahmednagar (M.H.)
The Reserve Bank of India (RBl) has imposed, by an order dated February 11, 2022, a monetary penalty of ₹25,000/- (Rupees Twenty five Thousand only) on Mula Sahakari Bank Ltd., Sonai, Ahmednagar (the bank) for contravention of/ non-adherence with Directions issued by RBI to Urban Co-operative Banks on Exposure Norms & Statutory/Other Restrictions-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) re
The Reserve Bank of India (RBl) has imposed, by an order dated February 11, 2022, a monetary penalty of ₹25,000/- (Rupees Twenty five Thousand only) on Mula Sahakari Bank Ltd., Sonai, Ahmednagar (the bank) for contravention of/ non-adherence with Directions issued by RBI to Urban Co-operative Banks on Exposure Norms & Statutory/Other Restrictions-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) re
ফেব্ৰু 08, 2022
Reserve Bank of India imposes monetary penalty on M/s Pooram Finserv Pvt Limited, Thrissur, Kerala
The Reserve Bank of India (RBI) has, by an order dated February 04, 2022, imposed a monetary penalty of ₹10 lakh (Rupees ten lakh only) on M/s Pooram Finserv Pvt Limited, Thrissur, Kerala (the company) for non-adherence with certain provisions of the RBI Master Direction - Know Your Customer (KYC) Direction, 2016 dated February 25, 2016 and RBI Direction on Raising Money Through Private Placement of Non-Convertible Debentures (NCDs) by NBFCs dated February 20, 2015. T
The Reserve Bank of India (RBI) has, by an order dated February 04, 2022, imposed a monetary penalty of ₹10 lakh (Rupees ten lakh only) on M/s Pooram Finserv Pvt Limited, Thrissur, Kerala (the company) for non-adherence with certain provisions of the RBI Master Direction - Know Your Customer (KYC) Direction, 2016 dated February 25, 2016 and RBI Direction on Raising Money Through Private Placement of Non-Convertible Debentures (NCDs) by NBFCs dated February 20, 2015. T
জানু 31, 2022
Reserve Bank of India imposes monetary penalty on Dharamvir Sambhaji Urban Co-operative Bank Ltd., Pune
The Reserve Bank of India (RBI) has imposed, by an order dated January 25, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Dharamvir Sambhaji Urban Co-operative Bank Ltd., Pune (the bank) for contravention of/non-compliance with the directions issued by RBI on Exposure Norms and Statutory / Other Restrictions - UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1) (c) read with Section 46(4) (i)
The Reserve Bank of India (RBI) has imposed, by an order dated January 25, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Dharamvir Sambhaji Urban Co-operative Bank Ltd., Pune (the bank) for contravention of/non-compliance with the directions issued by RBI on Exposure Norms and Statutory / Other Restrictions - UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1) (c) read with Section 46(4) (i)
জানু 31, 2022
Reserve Bank of India imposes monetary penalty on Hutatma Sahakari Bank Ltd., Walwa, Sangli
The Reserve Bank of India (RBI) has imposed, by an order dated January 25, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Hutatma Sahakari Bank Ltd., Walwa, Sangli (the bank) for contravention of/non-compliance with the directions issued by RBI on Exposure Norms and Statutory / Other Restrictions - UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1) (c) read with Section 46(4) (i) and Section
The Reserve Bank of India (RBI) has imposed, by an order dated January 25, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Hutatma Sahakari Bank Ltd., Walwa, Sangli (the bank) for contravention of/non-compliance with the directions issued by RBI on Exposure Norms and Statutory / Other Restrictions - UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1) (c) read with Section 46(4) (i) and Section
জানু 31, 2022
Reserve Bank of India imposes monetary penalty on National Co-operative Bank Ltd., Mumbai
The Reserve Bank of India (RBI) has imposed, by an order dated January 25, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on National Co-operative Bank Ltd., Mumbai (the bank) for contravention of/non-compliance with the directions issued by RBI on Know Your Customers (KYC) Directions, 2016 (as updated from time to time). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1) (c) read with Section 46(4)
The Reserve Bank of India (RBI) has imposed, by an order dated January 25, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on National Co-operative Bank Ltd., Mumbai (the bank) for contravention of/non-compliance with the directions issued by RBI on Know Your Customers (KYC) Directions, 2016 (as updated from time to time). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1) (c) read with Section 46(4)
জানু 31, 2022
Reserve Bank of India imposes monetary penalty on Navbharat Co-operative Urban Bank Ltd., Hyderabad, Telengana
The Reserve Bank of India (RBI) has imposed, by an order dated January 25, 2022, a monetary penalty of ₹12.00 lakh (Rupees Twelve lakh only) on Navbharat Co-operative Urban Bank Ltd., Hyderabad for (i) violation of directions issued under Supervisory Action Framework, (ii) violation of directions relating to Basic Cybersecurity Framework and (iii) non-compliance with requirements on IS Audit and Internal Audit Compliance. This penalty has been imposed in exercise of p
The Reserve Bank of India (RBI) has imposed, by an order dated January 25, 2022, a monetary penalty of ₹12.00 lakh (Rupees Twelve lakh only) on Navbharat Co-operative Urban Bank Ltd., Hyderabad for (i) violation of directions issued under Supervisory Action Framework, (ii) violation of directions relating to Basic Cybersecurity Framework and (iii) non-compliance with requirements on IS Audit and Internal Audit Compliance. This penalty has been imposed in exercise of p
জানু 24, 2022
Reserve Bank of India imposes monetary penalty on Vasai Janata Sahakari Bank Ltd., Dist. Palghar
The Reserve Bank of India (RBI) has imposed, by an order dated January 20, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Vasai Janata Sahakari Bank Ltd., Dist. Palghar (the bank) for contravention of/non-compliance with the directions issued by RBI on ‘Exposure Norms and Statutory / Other Restrictions – UCBs’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) a
The Reserve Bank of India (RBI) has imposed, by an order dated January 20, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Vasai Janata Sahakari Bank Ltd., Dist. Palghar (the bank) for contravention of/non-compliance with the directions issued by RBI on ‘Exposure Norms and Statutory / Other Restrictions – UCBs’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) a
জানু 24, 2022
Reserve Bank of India imposes monetary penalty on The Varachha Co-operative Bank Ltd., Surat (Gujarat)
The Reserve Bank of India (RBI) has, by an order dated January 19, 2022, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on “The Varachha Co-operative Bank Ltd.”, Surat (Gujarat) (the bank) for contravention of sub-section (2) of section 26A of the Banking Regulation Act, 1949 (the Act) read with paragraph 3 of The Depositor Education and Awareness Fund Scheme, 2014 (the scheme) enclosed with Circular on 'The Depositor Education and Awareness Fund Sche
The Reserve Bank of India (RBI) has, by an order dated January 19, 2022, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on “The Varachha Co-operative Bank Ltd.”, Surat (Gujarat) (the bank) for contravention of sub-section (2) of section 26A of the Banking Regulation Act, 1949 (the Act) read with paragraph 3 of The Depositor Education and Awareness Fund Scheme, 2014 (the scheme) enclosed with Circular on 'The Depositor Education and Awareness Fund Sche
জানু 24, 2022
Reserve Bank of India imposes monetary penalty on Rajkot Peoples Co-operative Bank Ltd., Rajkot (Gujarat)
The Reserve Bank of India (RBI) has, by an order dated January 18, 2022, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on “Rajkot Peoples Co-operative Bank Ltd.”, Rajkot (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Loans and advances to directors, relatives and firms /concerns in which they are interested’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with S
The Reserve Bank of India (RBI) has, by an order dated January 18, 2022, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on “Rajkot Peoples Co-operative Bank Ltd.”, Rajkot (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Loans and advances to directors, relatives and firms /concerns in which they are interested’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with S
জানু 24, 2022
Reserve Bank of India imposes monetary penalty on Mogaveera Co-operative Bank Ltd., Mumbai
The Reserve Bank of India (RBI) has imposed, by an order dated January 20, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Mogaveera Co-operative Bank Ltd., Mumbai (the bank) for contravention of/non-compliance with directions contained in the Supervisory Action Framework (SAF) issued to the bank and Know Your Customers (KYC) Directions, 2016 (as updated from time to time) issued by RBI under section 36 (1) and section 35 A read with section 56 of the
The Reserve Bank of India (RBI) has imposed, by an order dated January 20, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Mogaveera Co-operative Bank Ltd., Mumbai (the bank) for contravention of/non-compliance with directions contained in the Supervisory Action Framework (SAF) issued to the bank and Know Your Customers (KYC) Directions, 2016 (as updated from time to time) issued by RBI under section 36 (1) and section 35 A read with section 56 of the
জানু 24, 2022
Reserve Bank of India imposes monetary penalty on The Associate Co-operative Bank Ltd., Surat (Gujarat)
The Reserve Bank of India (RBI) has, by an order dated January 19, 2022, imposed a monetary penalty of ₹4.00 lakh (Rupees four lakh only) on The Associate Co-operative Bank Ltd., Surat (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Loans and advances to directors, relatives and firms / concerns in which they are interested’, and non-compliance with the Master Directions on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of
The Reserve Bank of India (RBI) has, by an order dated January 19, 2022, imposed a monetary penalty of ₹4.00 lakh (Rupees four lakh only) on The Associate Co-operative Bank Ltd., Surat (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Loans and advances to directors, relatives and firms / concerns in which they are interested’, and non-compliance with the Master Directions on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of
জানু 24, 2022
Reserve Bank of India imposes monetary penalty on M/s Bhadradri Co-operative Urban Bank Ltd., Khammam, Telangana
The Reserve Bank of India (RBI) has imposed, by an order dated January 20, 2022, a monetary penalty of ₹2.00 lakh (Rupees two lakh only) on Bhadradri Co-operative Urban Bank Ltd., for non-compliance with directions issued by RBI on ‘Exposure Norms and Statutory / Other Restrictions-UCBs’ and ‘Management of Advances – UCBs’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Se
The Reserve Bank of India (RBI) has imposed, by an order dated January 20, 2022, a monetary penalty of ₹2.00 lakh (Rupees two lakh only) on Bhadradri Co-operative Urban Bank Ltd., for non-compliance with directions issued by RBI on ‘Exposure Norms and Statutory / Other Restrictions-UCBs’ and ‘Management of Advances – UCBs’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Se
জানু 24, 2022
Reserve Bank of India imposes monetary penalty on The Jammu Central Co-operative Bank Ltd., Jammu
The Reserve Bank of India (RBI) has imposed, by an order dated January 20, 2022, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Jammu Central Co-operative Bank Ltd., Jammu (the bank) for contravention of provisions of Section 6 and Section 9 read with Section 56 of the Banking Regulation Act, 1949. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 o
The Reserve Bank of India (RBI) has imposed, by an order dated January 20, 2022, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Jammu Central Co-operative Bank Ltd., Jammu (the bank) for contravention of provisions of Section 6 and Section 9 read with Section 56 of the Banking Regulation Act, 1949. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 o
জানু 24, 2022
RBl imposes monetary penalty on the Jodhpur Nagrik Sahakari Bank Ltd., Jodhpur
The Reserve Bank of India (RBl) has imposed, by an order dated January 20, 2022, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on the Jodhpur Nagrik Sahakari Bank Ltd., Jodhpur (the bank) for non-compliance with certain directions issued by RBI contained in the Master Circular DCBR.CO.BPD. (PCB) MC No.13/13.05.000/2015-16 dated July 01, 2015 on ‘Exposure Norms and Statutory / Other Restrictions – UCBs’. This penalty has been imposed in exercise of powers ves
The Reserve Bank of India (RBl) has imposed, by an order dated January 20, 2022, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on the Jodhpur Nagrik Sahakari Bank Ltd., Jodhpur (the bank) for non-compliance with certain directions issued by RBI contained in the Master Circular DCBR.CO.BPD. (PCB) MC No.13/13.05.000/2015-16 dated July 01, 2015 on ‘Exposure Norms and Statutory / Other Restrictions – UCBs’. This penalty has been imposed in exercise of powers ves
জানু 17, 2022
Reserve Bank of India imposes monetary penalty on The Co-operative Bank of Rajkot Ltd., Rajkot (Gujarat)
The Reserve Bank of India (RBI) has, by an order dated January 11, 2022, imposed a monetary penalty of ₹4.00 lakh (Rupees four lakh only) on The Co-operative Bank of Rajkot Ltd., Rajkot (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Loans and advances to directors, relatives and firms / concerns in which they are interested’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with
The Reserve Bank of India (RBI) has, by an order dated January 11, 2022, imposed a monetary penalty of ₹4.00 lakh (Rupees four lakh only) on The Co-operative Bank of Rajkot Ltd., Rajkot (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Loans and advances to directors, relatives and firms / concerns in which they are interested’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with
জানু 10, 2022
Reserve Bank of India imposes monetary penalty on Gayatri Co-operative Urban Bank Ltd., Jagtial, Telangana State
The Reserve Bank of India (RBI) has imposed, by an order dated January 4, 2022, a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on Gayatri Co-operative Urban Bank Ltd., Jagtial, Telangana (the bank) for contravention of / non-compliance with provisions of Section 9 read with Section 56 Banking Regulation Act, 1949 (the Act) and certain provisions of the directions issued by RBI contained in the Master Circular on Exposure Norms and Statutory / Other Restrictio
The Reserve Bank of India (RBI) has imposed, by an order dated January 4, 2022, a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on Gayatri Co-operative Urban Bank Ltd., Jagtial, Telangana (the bank) for contravention of / non-compliance with provisions of Section 9 read with Section 56 Banking Regulation Act, 1949 (the Act) and certain provisions of the directions issued by RBI contained in the Master Circular on Exposure Norms and Statutory / Other Restrictio
ডিচে 24, 2021
Reserve Bank of India imposes monetary penalty on Dattatraya Maharaj Kalambe Jaoli Sahakari Bank Ltd., Mumbai
The Reserve Bank of India (RBI) has imposed, by an order dated December 20, 2021, a monetary penalty of ₹1 lakh (Rupees One lakh only) on Dattatraya Maharaj Kalambe Jaoli Sahakari Bank Ltd., Mumbai (the bank) for contravention of/non-compliance with the directions issued by RBI on Exposure Norms and Statutory / Other Restrictions – UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46
The Reserve Bank of India (RBI) has imposed, by an order dated December 20, 2021, a monetary penalty of ₹1 lakh (Rupees One lakh only) on Dattatraya Maharaj Kalambe Jaoli Sahakari Bank Ltd., Mumbai (the bank) for contravention of/non-compliance with the directions issued by RBI on Exposure Norms and Statutory / Other Restrictions – UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46
ডিচে 24, 2021
Reserve Bank of India imposes monetary penalty on Chiplun Urban Co-operative Bank Ltd., Ratnagiri
The Reserve Bank of India (RBI) has imposed, by an order dated December 20, 2021, a monetary penalty of ₹2 lakh (Rupees Two lakh only) on Chiplun Urban Co-operative Bank Ltd., Ratnagiri (the bank) for contravention of/non-compliance with the directions issued by RBI on Exposure Norms and Statutory / Other Restrictions – UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and
The Reserve Bank of India (RBI) has imposed, by an order dated December 20, 2021, a monetary penalty of ₹2 lakh (Rupees Two lakh only) on Chiplun Urban Co-operative Bank Ltd., Ratnagiri (the bank) for contravention of/non-compliance with the directions issued by RBI on Exposure Norms and Statutory / Other Restrictions – UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and
ডিচে 24, 2021
Reserve Bank of India imposes monetary penalty on MUFG Bank Ltd
The Reserve Bank of India (RBI) has imposed, by an order dated December 23, 2021, a monetary penalty of ₹30 Lakh (Rupees Thirty Lakh only) on MUFG Bank Ltd. (the bank), for non-compliance with the directions issued by RBI on “Loans and Advances – Statutory and Other Restrictions”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with sections 46 (4) (i) of the Banking Regulation Act, 1949 (the Act) Thi
The Reserve Bank of India (RBI) has imposed, by an order dated December 23, 2021, a monetary penalty of ₹30 Lakh (Rupees Thirty Lakh only) on MUFG Bank Ltd. (the bank), for non-compliance with the directions issued by RBI on “Loans and Advances – Statutory and Other Restrictions”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with sections 46 (4) (i) of the Banking Regulation Act, 1949 (the Act) Thi
ডিচে 23, 2021
Reserve Bank of India imposes Monetary Penalty on two Payment System Operators
The Reserve Bank of India (RBI) has imposed monetary penalty on the following two Payment System Operators (PSOs) for committing offences of the nature referred to in Section 26 (6) of the Payment and Settlement Systems Act, 2007 (PSS Act). Sr. No. Name of the PSO Speaking Order dated Amount of Penalty (₹ lakh) 1 One Mobikwik Systems Private Limited December 07, 2021 100.00 2 Spice Money Limited December 07, 2021 100.00 The penalties have been imposed in exercise of p
The Reserve Bank of India (RBI) has imposed monetary penalty on the following two Payment System Operators (PSOs) for committing offences of the nature referred to in Section 26 (6) of the Payment and Settlement Systems Act, 2007 (PSS Act). Sr. No. Name of the PSO Speaking Order dated Amount of Penalty (₹ lakh) 1 One Mobikwik Systems Private Limited December 07, 2021 100.00 2 Spice Money Limited December 07, 2021 100.00 The penalties have been imposed in exercise of p
ডিচে 16, 2021
Reserve Bank of India imposes monetary penalty on Mahila Nagrik Sahakari Bank Maryadit, Mahasamund (C.G)
The Reserve Bank of India (RBl) has imposed, by an order dated December 15, 2021, a monetary penalty of ₹1.50 lakh (Rupees One lakh Fifty thousand only) on Mahila Nagrik Sahakari Bank Maryadit, Mahasamund, Chhattisgarh (the bank) for contravention of/ non-compliance with the directions issued by the RBI to Urban Co-operative Banks on Exposure Norms & Statutory/ Other Restrictions-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the pro
The Reserve Bank of India (RBl) has imposed, by an order dated December 15, 2021, a monetary penalty of ₹1.50 lakh (Rupees One lakh Fifty thousand only) on Mahila Nagrik Sahakari Bank Maryadit, Mahasamund, Chhattisgarh (the bank) for contravention of/ non-compliance with the directions issued by the RBI to Urban Co-operative Banks on Exposure Norms & Statutory/ Other Restrictions-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the pro
ডিচে 16, 2021
Reserve Bank of India imposes monetary penalty on Jila Sahakari Kendriya Bank Maryadit, Jabalpur (M.P.)
The Reserve Bank of India (RBl) has imposed, by an order dated December 15, 2021, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Jila Sahakari Kendriya Bank Maryadit, Jabalpur (M.P.) (the bank) for contravention of/non-compliance with the provisions of the Banking Regulation Act, 1949 (the Act) and directions issued by the RBI on Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A
The Reserve Bank of India (RBl) has imposed, by an order dated December 15, 2021, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Jila Sahakari Kendriya Bank Maryadit, Jabalpur (M.P.) (the bank) for contravention of/non-compliance with the provisions of the Banking Regulation Act, 1949 (the Act) and directions issued by the RBI on Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A
ডিচে 16, 2021
Reserve Bank of India imposes monetary penalty on Jila Sahakari Kendriya Bank Maryadit, Rajgarh (M.P.)
The Reserve Bank of India (RBl) has imposed, by an order dated December 15, 2021, a monetary penalty of ₹50,000 (Rupees Fifty thousand only) on Jila Sahakari Kendriya Bank Maryadit, Rajgarh (M.P.) (the bank) for contravention of/non-compliance with the directions issued by RBI on Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Ban
The Reserve Bank of India (RBl) has imposed, by an order dated December 15, 2021, a monetary penalty of ₹50,000 (Rupees Fifty thousand only) on Jila Sahakari Kendriya Bank Maryadit, Rajgarh (M.P.) (the bank) for contravention of/non-compliance with the directions issued by RBI on Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Ban
ডিচে 15, 2021
RBI imposes monetary penalty on Punjab National Bank
The Reserve Bank of India (RBI) has, by an order dated December 15, 2021, imposed a monetary penalty of ₹1.80 Crore (Rupees One Crore and eighty lakh only) on Punjab National Bank (the bank) for contravention of sub-section (2) of section 19 of the Banking Regulation Act, 1949 (the Act). This penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and 51 (1) of the Act. This action is base
The Reserve Bank of India (RBI) has, by an order dated December 15, 2021, imposed a monetary penalty of ₹1.80 Crore (Rupees One Crore and eighty lakh only) on Punjab National Bank (the bank) for contravention of sub-section (2) of section 19 of the Banking Regulation Act, 1949 (the Act). This penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and 51 (1) of the Act. This action is base
ডিচে 15, 2021
Reserve Bank of India imposes monetary penalty on ICICI Bank Ltd.
The Reserve Bank of India (RBI) has imposed, by an order dated December 13, 2021, a monetary penalty of ₹30 Lakh (Rupees Thirty Lakh only) on ICICI Bank Ltd. (the bank) for non-compliance with certain directions issued by RBI on ‘Levy of penal charges on non-maintenance of minimum balances in savings bank accounts’ dated November 20, 2014. This penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with section 4
The Reserve Bank of India (RBI) has imposed, by an order dated December 13, 2021, a monetary penalty of ₹30 Lakh (Rupees Thirty Lakh only) on ICICI Bank Ltd. (the bank) for non-compliance with certain directions issued by RBI on ‘Levy of penal charges on non-maintenance of minimum balances in savings bank accounts’ dated November 20, 2014. This penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with section 4
ডিচে 08, 2021
RBl imposes monetary penalty on the Urban Co-operative Bank Ltd., Anantnag
The Reserve Bank of India (RBl) has imposed, by an order dated December 08, 2021, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on the Urban Co-Operative Bank Limited, Anantnag (the bank) for contravention of section 35A read with section 56 of the Banking Regulation Act, 1949 and regulations on 'Exposure Norms and Statutory/Other Restrictions – UCBs’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1)
The Reserve Bank of India (RBl) has imposed, by an order dated December 08, 2021, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on the Urban Co-Operative Bank Limited, Anantnag (the bank) for contravention of section 35A read with section 56 of the Banking Regulation Act, 1949 and regulations on 'Exposure Norms and Statutory/Other Restrictions – UCBs’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1)
ডিচে 06, 2021
RBI imposes monetary penalty on Pune People’s Co-operative Bank Limited, Pune
The Reserve Bank of India (RBI) has imposed, by an order dated December 02, 2021, a monetary penalty of ₹2 lakh (Rupees Two lakh only) on Pune People’s Co-operative Bank Limited, Pune (the bank) for contravention of/non-compliance with directions issued by RBI on ‘Know Your Customers’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act,
The Reserve Bank of India (RBI) has imposed, by an order dated December 02, 2021, a monetary penalty of ₹2 lakh (Rupees Two lakh only) on Pune People’s Co-operative Bank Limited, Pune (the bank) for contravention of/non-compliance with directions issued by RBI on ‘Know Your Customers’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act,
নৱে 29, 2021
RBI imposes monetary penalty on Union Bank of India
The Reserve Bank of India (RBI) has, by an order dated November 25, 2021, imposed a monetary penalty of ₹1 Crore (Rupees One Crore only) on Union Bank of India (the bank), for non-compliance with the certain provisions of directions issued by RBI contained in “Reserve Bank of India (Fraud - Classification and Reporting by commercial banks and select FIs) Directions 2016” and “Guidelines on Sale of Stressed Assets by Banks”. This penalty has been imposed in exercise of
The Reserve Bank of India (RBI) has, by an order dated November 25, 2021, imposed a monetary penalty of ₹1 Crore (Rupees One Crore only) on Union Bank of India (the bank), for non-compliance with the certain provisions of directions issued by RBI contained in “Reserve Bank of India (Fraud - Classification and Reporting by commercial banks and select FIs) Directions 2016” and “Guidelines on Sale of Stressed Assets by Banks”. This penalty has been imposed in exercise of
নৱে 26, 2021
Reserve Bank of India imposes monetary penalty on State Bank of India
The Reserve Bank of India (RBI) has, by an order dated November 16, 2021, imposed a monetary penalty of ₹1.00 Crore (Rupees One Crore only) on State Bank of India (the bank) for contravention of sub-section (2) of section 19 of the Banking Regulation Act, 1949 (the Act). This penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and 51 (1) of the Act. This action is based on deficiencies
The Reserve Bank of India (RBI) has, by an order dated November 16, 2021, imposed a monetary penalty of ₹1.00 Crore (Rupees One Crore only) on State Bank of India (the bank) for contravention of sub-section (2) of section 19 of the Banking Regulation Act, 1949 (the Act). This penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and 51 (1) of the Act. This action is based on deficiencies
নৱে 26, 2021
RBI imposes monetary penalty on The Rander People’s Co-operative Bank Ltd., Rander, Surat District, Gujarat
The Reserve Bank of India (RBI) has, by an order dated November 26, 2021, imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on The Rander People’s Co-operative Bank Ltd., Surat, Gujarat (the bank) for contravention of directions issued by RBI on ‘Loans and advances to directors, relatives and firms / concerns in which they are interested’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read
The Reserve Bank of India (RBI) has, by an order dated November 26, 2021, imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on The Rander People’s Co-operative Bank Ltd., Surat, Gujarat (the bank) for contravention of directions issued by RBI on ‘Loans and advances to directors, relatives and firms / concerns in which they are interested’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read
নৱে 26, 2021
RBI imposes monetary penalty on The Modasa Nagarik Sahakari Bank Ltd., Modasa, Aravalli District, Gujarat
The Reserve Bank of India (RBI) has, by an order dated November 26, 2021, imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on The Modasa Nagarik Sahakari Bank Ltd., Aravalli, Gujarat (the bank) for contravention of directions issued by RBI on ‘Loans and advances to directors, relatives and firms / concerns in which they are interested’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read w
The Reserve Bank of India (RBI) has, by an order dated November 26, 2021, imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on The Modasa Nagarik Sahakari Bank Ltd., Aravalli, Gujarat (the bank) for contravention of directions issued by RBI on ‘Loans and advances to directors, relatives and firms / concerns in which they are interested’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read w
নৱে 24, 2021
RBI imposes Monetary Penalty on two Payment System Operators
The Reserve Bank of India (RBI) has imposed monetary penalty on the following authorised Payment System Operators (PSOs) for committing offences of the nature referred to in Section 26(6) of the Payment and Settlement Systems Act, 2007 (PSS Act). Sr. No. Name of the PSO Speaking Order dated Amount of Penalty (₹ lakh) 1 Tata Communications Payment Solutions Limited (TCPSL) October 21, 2021 200.00 2 Appnit Technologies Private Limited (ATPL) November 1, 2021 54.93 The p
The Reserve Bank of India (RBI) has imposed monetary penalty on the following authorised Payment System Operators (PSOs) for committing offences of the nature referred to in Section 26(6) of the Payment and Settlement Systems Act, 2007 (PSS Act). Sr. No. Name of the PSO Speaking Order dated Amount of Penalty (₹ lakh) 1 Tata Communications Payment Solutions Limited (TCPSL) October 21, 2021 200.00 2 Appnit Technologies Private Limited (ATPL) November 1, 2021 54.93 The p
নৱে 24, 2021
RBI imposes monetary penalty on Mulamoottil Financiers Limited, Kozhencherry, Pathanamthitta District, Kerala
The Reserve Bank of India (RBI) has, by an order dated November 24, 2021, imposed a monetary penalty of ₹20 lakh (Rupees twenty lakh only) on Mulamoottil Financiers Limited, Kozhencherry, Pathanamthitta District, Kerala (the company) for non-adherence with certain provisions of the directions issued by the RBI on classification of Non-performing Assets contained in “Master Direction - Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Compan
The Reserve Bank of India (RBI) has, by an order dated November 24, 2021, imposed a monetary penalty of ₹20 lakh (Rupees twenty lakh only) on Mulamoottil Financiers Limited, Kozhencherry, Pathanamthitta District, Kerala (the company) for non-adherence with certain provisions of the directions issued by the RBI on classification of Non-performing Assets contained in “Master Direction - Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Compan
নৱে 17, 2021
Reserve Bank of India imposes monetary penalty on Shri Kanyaka Nagari Sahakari Bank Limited, Chandrapur, Maharashtra
The Reserve Bank of India (RBl) has imposed, by an order dated November 17, 2021, a monetary penalty of ₹10.50 lakh (Rupees Ten lakh Fifty Thousand only) on Shri Kanyaka Nagari Sahakari Bank Limited, Chandrapur (the bank) for contravention of/ non-compliance with Supervisory Action Framework issued by RBI under section 36 (1) read with section 56 of the Banking Regulation Act, 1949 (the Act), directions issued by the RBI to Urban Co-operative Banks on opening of On-si
The Reserve Bank of India (RBl) has imposed, by an order dated November 17, 2021, a monetary penalty of ₹10.50 lakh (Rupees Ten lakh Fifty Thousand only) on Shri Kanyaka Nagari Sahakari Bank Limited, Chandrapur (the bank) for contravention of/ non-compliance with Supervisory Action Framework issued by RBI under section 36 (1) read with section 56 of the Banking Regulation Act, 1949 (the Act), directions issued by the RBI to Urban Co-operative Banks on opening of On-si
নৱে 17, 2021
RBI imposes monetary penalty on The Nizamabad District Co-operative Central Bank Ltd., Nizamabad, Telangana
The Reserve Bank of India (RBI) has imposed, by an order dated November 17, 2021, a monetary penalty of ₹2.50 lakh (Rupees two lakh fifty thousand only) on The Nizamabad District Co-operative Central Bank Ltd., Nizamabad, Telangana for non-adherence / violation of certain directions issued by RBI contained in the Master Circular on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs’ and Section 9 read with Section 56 of Banking Re
The Reserve Bank of India (RBI) has imposed, by an order dated November 17, 2021, a monetary penalty of ₹2.50 lakh (Rupees two lakh fifty thousand only) on The Nizamabad District Co-operative Central Bank Ltd., Nizamabad, Telangana for non-adherence / violation of certain directions issued by RBI contained in the Master Circular on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs’ and Section 9 read with Section 56 of Banking Re
নৱে 16, 2021
Reserve Bank of India imposes monetary penalty on Anuradha Urban Co-operative Bank Ltd., Chikhli Dist. Buldhana, Maharashtra
The Reserve Bank of India (RBl) has imposed, by an order dated November 16, 2021, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Anuradha Urban Co-operative Bank Ltd., Chikhli, Dist. Buldhana, Maharashtra (the bank) for contravention of/ non-compliance with the directions issued by RBI on Board of Directors and Exposure Norms & Statutory/ Other Restrictions-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of
The Reserve Bank of India (RBl) has imposed, by an order dated November 16, 2021, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Anuradha Urban Co-operative Bank Ltd., Chikhli, Dist. Buldhana, Maharashtra (the bank) for contravention of/ non-compliance with the directions issued by RBI on Board of Directors and Exposure Norms & Statutory/ Other Restrictions-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of
নৱে 16, 2021
RBI imposes monetary penalty on Nagrik Sahakari Bank Maryadit, Durg, Chhattisgarh
The Reserve Bank of India (RBl) has imposed, by an order dated November 16, 2021, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Nagrik Sahakari Bank Maryadit, Durg, Chhattisgarh (the bank) for contravention of/ non-compliance with the directions issued by the RBI to Urban Co-operative Banks on Exposure Norms & Statutory/ Other Restrictions-UCBs and Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI under the pr
The Reserve Bank of India (RBl) has imposed, by an order dated November 16, 2021, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Nagrik Sahakari Bank Maryadit, Durg, Chhattisgarh (the bank) for contravention of/ non-compliance with the directions issued by the RBI to Urban Co-operative Banks on Exposure Norms & Statutory/ Other Restrictions-UCBs and Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI under the pr
নৱে 11, 2021
RBI imposes monetary penalty on The Deola Merchants’ Co-operative Bank Ltd., Nashik, Maharashtra
The Reserve Bank of India (RBl) has imposed, by an order dated November 11, 2021, a monetary penalty of ₹25,000 (Rupees Twenty Five Thousand only) on The Deola Merchants’ Co-operative Bank Ltd., Nashik, Maharashtra (the bank) for contravention of/ non-compliance with the directions issued by the RBI to Urban Co-operative Banks on Board of Directors and Exposure Norms. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47
The Reserve Bank of India (RBl) has imposed, by an order dated November 11, 2021, a monetary penalty of ₹25,000 (Rupees Twenty Five Thousand only) on The Deola Merchants’ Co-operative Bank Ltd., Nashik, Maharashtra (the bank) for contravention of/ non-compliance with the directions issued by the RBI to Urban Co-operative Banks on Board of Directors and Exposure Norms. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47
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পৃষ্ঠাটো শেহতীয়া আপডেট কৰা তাৰিখ: জুলাই 29, 2025
