Press Releases - Enforcement - আৰবিআই - Reserve Bank of India
প্ৰেছ ৰিলিজ
আগ 24, 2023
RBI imposes Monetary Penalty on The Kolhapur Urban Co-operative Bank Ltd., Kolhapur (Maharashtra)
The Reserve Bank of India (RBI) has imposed, by an order dated August 17, 2023, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Kolhapur Urban Co-operative Bank Ltd., Kolhapur, Maharashtra (the bank) for non-compliance with directions issued by RBI on ‘Maintenance of Deposit Accounts - Primary (Urban) Co-operative Banks’. 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 August 17, 2023, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Kolhapur Urban Co-operative Bank Ltd., Kolhapur, Maharashtra (the bank) for non-compliance with directions issued by RBI on ‘Maintenance of Deposit Accounts - Primary (Urban) Co-operative Banks’. 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 (
পিডিএফ (
আগ 24, 2023
RBI imposes monetary penalty on The Midnapore People’s Co-operative Bank Ltd., West Bengal
The Reserve Bank of India (RBI) has imposed, by an order dated August 14, 2023, a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Midnapore People’s Co-operative Bank Ltd., West Bengal (the bank) for non-compliance with the directions issued by RBI on ‘Exposure Norms and Statutory / Other Restrictions – UCBs’ and ‘Know Your Customer (KYC) Direction, 2016’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47
The Reserve Bank of India (RBI) has imposed, by an order dated August 14, 2023, a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Midnapore People’s Co-operative Bank Ltd., West Bengal (the bank) for non-compliance with the directions issued by RBI on ‘Exposure Norms and Statutory / Other Restrictions – UCBs’ and ‘Know Your Customer (KYC) Direction, 2016’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47
আগ 24, 2023
RBI Imposes Monetary Penalty on Paul Merchants Finance Private Limited
The Reserve Bank of India (RBI) has imposed monetary penalty of ₹30,50,000 (Rupees thirty lakh fifty thousand only) on Paul Merchants Finance Private Limited (the entity) for non-compliance with certain provisions of the Master Directions on Prepaid Payment Instruments (PPIs) dated August 27, 2021 (updated as on November 12, 2021). The penalty has been imposed in exercise of powers vested in RBI under Section 30 of the Payment and Settlement Systems Act, 2007. This ac
The Reserve Bank of India (RBI) has imposed monetary penalty of ₹30,50,000 (Rupees thirty lakh fifty thousand only) on Paul Merchants Finance Private Limited (the entity) for non-compliance with certain provisions of the Master Directions on Prepaid Payment Instruments (PPIs) dated August 27, 2021 (updated as on November 12, 2021). The penalty has been imposed in exercise of powers vested in RBI under Section 30 of the Payment and Settlement Systems Act, 2007. This ac
আগ 21, 2023
RBI imposes monetary penalty on Devika Urban Co-operative Bank Ltd., Udhampur, J & K
The Reserve Bank of India (RBI) has imposed, by an order dated August 14, 2023, a monetary penalty of ₹3.00 lakh (Rupees Three Lakh only) on Devika Urban Co-operative Bank Ltd., Udhampur, J & K (the bank) for non-compliance with the directions issued by RBI on sanction of 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
The Reserve Bank of India (RBI) has imposed, by an order dated August 14, 2023, a monetary penalty of ₹3.00 lakh (Rupees Three Lakh only) on Devika Urban Co-operative Bank Ltd., Udhampur, J & K (the bank) for non-compliance with the directions issued by RBI on sanction of 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
আগ 21, 2023
RBI imposes monetary penalty on The Dahanu Road Janata Co-operative Bank Ltd., Palghar, Maharashtra
The Reserve Bank of India (RBI) has imposed, by an order dated August 10, 2023, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Dahanu Road Janata Cooperative Bank Ltd., Palghar, Maharashtra (the bank) for non-compliance with specific directions issued by RBI under the Supervisory Action Framework (SAF). 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 Sectio
The Reserve Bank of India (RBI) has imposed, by an order dated August 10, 2023, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Dahanu Road Janata Cooperative Bank Ltd., Palghar, Maharashtra (the bank) for non-compliance with specific directions issued by RBI under the Supervisory Action Framework (SAF). 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 Sectio
আগ 21, 2023
RBI imposes monetary penalty on Walchand Nagar Sahakari Bank Ltd., Pune, Maharashtra
The Reserve Bank of India (RBI) has imposed, by an order dated August 10, 2023, a monetary penalty of ₹4.00 lakh (Rupees Four Lakh only) on Walchand Nagar Sahakari Bank Ltd., Pune, Maharashtra (the bank) for non-compliance with certain provisions of the ‘Reserve Bank of India – (Know Your Customer (KYC)) Direction, 2016. 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 Section 56 o
The Reserve Bank of India (RBI) has imposed, by an order dated August 10, 2023, a monetary penalty of ₹4.00 lakh (Rupees Four Lakh only) on Walchand Nagar Sahakari Bank Ltd., Pune, Maharashtra (the bank) for non-compliance with certain provisions of the ‘Reserve Bank of India – (Know Your Customer (KYC)) Direction, 2016. 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 Section 56 o
আগ 21, 2023
RBI imposes monetary penalty on Shree Co-operative Bank Limited, Vadodara (Gujarat)
The Reserve Bank of India (RBI) has imposed, by an Order dated August 11, 2023, a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on Shree Co-operative Bank Limited, Vadodara, Gujarat (the bank) for non-compliance with direction issued by RBI on ‘Loans and advances to directors, relatives, firms/concerns in which they are interested’. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read with
The Reserve Bank of India (RBI) has imposed, by an Order dated August 11, 2023, a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on Shree Co-operative Bank Limited, Vadodara, Gujarat (the bank) for non-compliance with direction issued by RBI on ‘Loans and advances to directors, relatives, firms/concerns in which they are interested’. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read with
আগ 17, 2023
RBI imposes monetary penalty on Ordnance Equipment Factory Prarambhik Sahkari Bank Ltd., Kanpur
The Reserve Bank of India (RBI) has imposed, by an order dated August 08, 2023, a monetary penalty of ₹3.00 lakh (Rupees Three Lakh only) on Ordnance Equipment Factory Prarambhik Sahkari Bank Ltd., Kanpur (the bank) for non-compliance with specific directions issued by RBI under Supervisory Action Framework (SAF). 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 August 08, 2023, a monetary penalty of ₹3.00 lakh (Rupees Three Lakh only) on Ordnance Equipment Factory Prarambhik Sahkari Bank Ltd., Kanpur (the bank) for non-compliance with specific directions issued by RBI under Supervisory Action Framework (SAF). 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
আগ 17, 2023
RBI imposes monetary penalty on The Chiplun Urban Co-operative Bank Ltd., Chiplun, Maharashtra
The Reserve Bank of India (RBI) has imposed, by an order dated August 09, 2023, a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Chiplun Urban Co-operative Bank Ltd., Chiplun, Maharashtra (the bank) for non-compliance with directions issued by RBI on ‘Management of Advances’ and ‘Maintenance of Deposit Accounts’. 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 August 09, 2023, a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Chiplun Urban Co-operative Bank Ltd., Chiplun, Maharashtra (the bank) for non-compliance with directions issued by RBI on ‘Management of Advances’ and ‘Maintenance of Deposit Accounts’. 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
আগ 17, 2023
RBI imposes monetary penalty on The Shibpur Co-operative Bank Ltd., West Bengal
The Reserve Bank of India (RBI) has imposed, by an order dated August 07, 2023, a monetary penalty of ₹10,000/- (Rupees Ten Thousand only) on The Shibpur Co-operative Bank Ltd., West Bengal (the bank) for non-compliance with 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 Section 56 of the
The Reserve Bank of India (RBI) has imposed, by an order dated August 07, 2023, a monetary penalty of ₹10,000/- (Rupees Ten Thousand only) on The Shibpur Co-operative Bank Ltd., West Bengal (the bank) for non-compliance with 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 Section 56 of the
আগ 17, 2023
RBI Imposes Monetary Penalty on Vishwanathrao Patil Murgud Sahakari Bank Ltd., Murgud (Maharashtra)
The Reserve Bank of India (RBl) has imposed, by an order dated August 08, 2023, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Vishwanathrao Patil Murgud Sahakari Bank Ltd., Murgud, Maharashtra (the bank) for 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 (RBl) has imposed, by an order dated August 08, 2023, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Vishwanathrao Patil Murgud Sahakari Bank Ltd., Murgud, Maharashtra (the bank) for 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
আগ 14, 2023
RBI imposes monetary penalty on Baroda Gujarat Gramin Bank, Vadodara (Gujarat)
The Reserve Bank of India (RBI) has imposed, by an order dated August 07, 2023, a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on Baroda Gujarat Gramin Bank, Vadodara (Gujarat) (the bank) for contravention of directions issued by NABARD on ‘Frauds - Guidelines for Classification, reporting and Monitoring of Frauds’. This penalty has been imposed in exercise of powers vested in the 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 August 07, 2023, a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on Baroda Gujarat Gramin Bank, Vadodara (Gujarat) (the bank) for contravention of directions issued by NABARD on ‘Frauds - Guidelines for Classification, reporting and Monitoring of Frauds’. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i)
আগ 14, 2023
RBI imposes monetary penalty on The Aska Co-operative Central Bank Ltd., Aska
The Reserve Bank of India (RBI) has imposed, by an order dated August 07, 2023, a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Aska Co-operative Central Bank Ltd., Aska (the bank) for non-compliance with certain provisions of the ‘Reserve Bank of India – (Know Your Customer (KYC)) Direction, 2016’. 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
The Reserve Bank of India (RBI) has imposed, by an order dated August 07, 2023, a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Aska Co-operative Central Bank Ltd., Aska (the bank) for non-compliance with certain provisions of the ‘Reserve Bank of India – (Know Your Customer (KYC)) Direction, 2016’. 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
আগ 14, 2023
RBI imposes monetary penalty on Bally Cooperative Bank Ltd., Howrah, West Bengal
The Reserve Bank of India (RBI) has imposed, by an order dated August 07, 2023, a monetary penalty of ₹1,00,000/- (Rupees One Lakh only) on Bally Cooperative Bank Ltd., Howrah, West Bengal (the bank) for non-compliance with certain provisions of ‘Reserve Bank of India – (Know Your Customer (KYC)) Direction, 2016’. 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 August 07, 2023, a monetary penalty of ₹1,00,000/- (Rupees One Lakh only) on Bally Cooperative Bank Ltd., Howrah, West Bengal (the bank) for non-compliance with certain provisions of ‘Reserve Bank of India – (Know Your Customer (KYC)) Direction, 2016’. 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
আগ 14, 2023
RBI imposes monetary penalty on The Nabapalli Co-operative Bank Ltd., West Bengal
The Reserve Bank of India (RBI) has imposed, by an order dated August 07, 2023, a monetary penalty of ₹2,50,000/- (Rupees Two Lakh Fifty Thousand only) on The Nabapalli Co-operative Bank Ltd., West Bengal (the bank) for non-compliance with the directions issued by RBI on ‘Exposure Norms and Statutory/Other Restrictions - UCBs’ and certain provisions of the ‘Reserve Bank of India – (Know Your Customer (KYC)) Direction, 2016’. This penalty has been imposed in exercise o
The Reserve Bank of India (RBI) has imposed, by an order dated August 07, 2023, a monetary penalty of ₹2,50,000/- (Rupees Two Lakh Fifty Thousand only) on The Nabapalli Co-operative Bank Ltd., West Bengal (the bank) for non-compliance with the directions issued by RBI on ‘Exposure Norms and Statutory/Other Restrictions - UCBs’ and certain provisions of the ‘Reserve Bank of India – (Know Your Customer (KYC)) Direction, 2016’. This penalty has been imposed in exercise o
আগ 10, 2023
RBI imposes monetary penalty on Mangal Co-operative Bank Limited., Mumbai, Maharashtra
The Reserve Bank of India (RBI) has, by an order dated August 03, 2023 imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Mangal Co-operative Bank Limited, Mumbai (the bank) for non-compliance with the directions issued by RBI on ‘Maintenance of Deposit Accounts’ and ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1
The Reserve Bank of India (RBI) has, by an order dated August 03, 2023 imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Mangal Co-operative Bank Limited, Mumbai (the bank) for non-compliance with the directions issued by RBI on ‘Maintenance of Deposit Accounts’ and ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1
আগ 10, 2023
RBI imposes monetary penalty on The Islampur Urban Co-operative Bank Limited., Islampur, Maharashtra
The Reserve Bank of India (RBI) has, by an order dated August 03, 2023 imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The Islampur Urban Co-operative Bank Limited, Islampur, (Maharashtra) (the bank) for non-compliance with provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and certain provisions of the ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’ and ‘Maintenance of Deposit Accounts-UC
The Reserve Bank of India (RBI) has, by an order dated August 03, 2023 imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The Islampur Urban Co-operative Bank Limited, Islampur, (Maharashtra) (the bank) for non-compliance with provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and certain provisions of the ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’ and ‘Maintenance of Deposit Accounts-UC
আগ 10, 2023
RBI monetary penalty on The Tapindu Urban Co-operative Bank Limited, Patna
The Reserve Bank of India (RBI) has imposed, by an order dated August 02, 2023, a monetary penalty of ₹1,00,000/- (Rupees One lakh only) on The Tapindu Urban Co-operative Bank Limited, Patna (the bank) for 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 Sections 46(4)(i) and 56 of the Bank
The Reserve Bank of India (RBI) has imposed, by an order dated August 02, 2023, a monetary penalty of ₹1,00,000/- (Rupees One lakh only) on The Tapindu Urban Co-operative Bank Limited, Patna (the bank) for 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 Sections 46(4)(i) and 56 of the Bank
আগ 10, 2023
RBI imposes monetary penalty on The Mahabaleshwar Urban Co-operative Bank Limited., Mahabaleshwar, Maharashtra
The Reserve Bank of India (RBI) has, by an order dated August 02, 2023 imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The Mahabaleshwar Urban Co-operative Bank Limited., Mahabaleshwar, Maharashtra (the bank) for contravention of provisions of Section 20A read with Section 56 of the Banking Regulation Act, 1949 (BR Act), specific directions issued by RBI under Supervisory Action Framework (SAF), and directions issued by RBI on ‘Maintenance of Deposi
The Reserve Bank of India (RBI) has, by an order dated August 02, 2023 imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The Mahabaleshwar Urban Co-operative Bank Limited., Mahabaleshwar, Maharashtra (the bank) for contravention of provisions of Section 20A read with Section 56 of the Banking Regulation Act, 1949 (BR Act), specific directions issued by RBI under Supervisory Action Framework (SAF), and directions issued by RBI on ‘Maintenance of Deposi
আগ 07, 2023
RBI imposes monetary penalty on Mizoram Urban Cooperative Development Bank Limited, Aizawl
The Reserve Bank of India (RBI) has imposed, by an order dated August 02, 2023, a monetary penalty of ₹20,000/- (Rupees Twenty thousand only) on Mizoram Urban Cooperative Development Bank Limited, Aizawl (the bank) for non-compliance with specific directions issued by RBI under Supervisory Action Framework (SAF) and certain provision of ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’. This penalty has been imposed in exercise of powers vested in RB
The Reserve Bank of India (RBI) has imposed, by an order dated August 02, 2023, a monetary penalty of ₹20,000/- (Rupees Twenty thousand only) on Mizoram Urban Cooperative Development Bank Limited, Aizawl (the bank) for non-compliance with specific directions issued by RBI under Supervisory Action Framework (SAF) and certain provision of ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’. This penalty has been imposed in exercise of powers vested in RB
আগ 07, 2023
RBI imposes monetary penalty on Vita Urban Co-operative Bank Ltd., Vita, Maharashtra
The Reserve Bank of India (RBI) has, by an order dated July 03, 2023, imposed a monetary penalty of ₹1.50 lakh (Rupees One lakh and Fifty Thousand only) on Vita Urban Co-operative Bank Ltd., Vita, Maharashtra (the bank) for contravention of provisions of Section 26-A read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and directions issued by RBI on ‘Maintenance of Deposit Accounts’. This penalty has been imposed in exercise of powers vested in RBI under
The Reserve Bank of India (RBI) has, by an order dated July 03, 2023, imposed a monetary penalty of ₹1.50 lakh (Rupees One lakh and Fifty Thousand only) on Vita Urban Co-operative Bank Ltd., Vita, Maharashtra (the bank) for contravention of provisions of Section 26-A read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and directions issued by RBI on ‘Maintenance of Deposit Accounts’. This penalty has been imposed in exercise of powers vested in RBI under
আগ 07, 2023
RBI imposes monetary penalty on Shreeji Bhatia Cooperative Bank Ltd., Mumbai, Maharashtra
The Reserve Bank of India (RBI) has, by an order dated July 03, 2023, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Shreeji Bhatia Cooperative Bank Ltd., Mumbai (the bank) for non-compliance with specific directions issued by RBI under the Supervisory Action Framework (SAF) and ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1
The Reserve Bank of India (RBI) has, by an order dated July 03, 2023, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Shreeji Bhatia Cooperative Bank Ltd., Mumbai (the bank) for non-compliance with specific directions issued by RBI under the Supervisory Action Framework (SAF) and ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1
আগ 07, 2023
RBI imposes monetary penalty on Shri Vinayak Sahakari Bank Ltd, Ahmedabad (Gujarat)
The Reserve Bank of India (RBI) has, by an order dated August 02, 2023, imposed a monetary penalty of ₹1.50 lakh (Rupees one lakh fifty thousand only) on Shri Vinayak Sahakari Bank Ltd, Ahmedabad (Gujarat) (the bank) for contravention of direction issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read
The Reserve Bank of India (RBI) has, by an order dated August 02, 2023, imposed a monetary penalty of ₹1.50 lakh (Rupees one lakh fifty thousand only) on Shri Vinayak Sahakari Bank Ltd, Ahmedabad (Gujarat) (the bank) for contravention of direction issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read
জুলাই 03, 2023
RBI imposes monetary penalty on Khatra People’s Co-operative Bank Ltd., Khatra, West Bengal
The Reserve Bank of India (RBI) has imposed, by an order dated June 30, 2023, a monetary penalty of ₹5,000/- (Rupees Five thousand only) on Khatra People’s Co-operative Bank Ltd., Khatra, West Bengal (the bank) for contravention of RBI directions to Urban Cooperative Banks on Know Your Customer (KYC) 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 Section 46 (4) (i) and Section
The Reserve Bank of India (RBI) has imposed, by an order dated June 30, 2023, a monetary penalty of ₹5,000/- (Rupees Five thousand only) on Khatra People’s Co-operative Bank Ltd., Khatra, West Bengal (the bank) for contravention of RBI directions to Urban Cooperative Banks on Know Your Customer (KYC) 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 Section 46 (4) (i) and Section
জুলাই 03, 2023
RBI imposes monetary penalty on Ranuj Nagarik Sahakari Bank Ltd., Patan (Gujarat)
The Reserve Bank of India (RBI) has, by an order dated June 30, 2023, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on Ranuj Nagarik Sahakari Bank Ltd., Patan (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Loans and advances to directors etc- directors as surety/guarantors- Clarification’. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4
The Reserve Bank of India (RBI) has, by an order dated June 30, 2023, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on Ranuj Nagarik Sahakari Bank Ltd., Patan (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Loans and advances to directors etc- directors as surety/guarantors- Clarification’. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4
জুন 26, 2023
RBI imposes monetary penalty on Experian Credit Information Company of India Private Limited, Mumbai
The Reserve Bank of India (RBI) has, by an order dated June 26, 2023, imposed a monetary penalty of ₹24.75 lakh (Rupees Twenty four lakh seventy five thousand only) on Experian Credit Information Company of India Private Limited, Mumbai (the company) for non-compliance with certain provisions of the Credit Information Companies (Regulation) Act, 2005 [CIC (R) Act] read with the Credit Information Companies Rules, 2006 [CIC Rules]. This penalty has been imposed in exer
The Reserve Bank of India (RBI) has, by an order dated June 26, 2023, imposed a monetary penalty of ₹24.75 lakh (Rupees Twenty four lakh seventy five thousand only) on Experian Credit Information Company of India Private Limited, Mumbai (the company) for non-compliance with certain provisions of the Credit Information Companies (Regulation) Act, 2005 [CIC (R) Act] read with the Credit Information Companies Rules, 2006 [CIC Rules]. This penalty has been imposed in exer
জুন 26, 2023
RBI imposes monetary penalty on TransUnion CIBIL Limited, Mumbai
The Reserve Bank of India (RBI) has, by an order dated June 26, 2023, imposed a monetary penalty of ₹26 lakh (Rupees Twenty six lakh only) on TransUnion CIBIL Limited, Mumbai (the company) for non-compliance with certain provisions of the Credit Information Companies (Regulation) Act, 2005 [CIC (R) Act] read with the Credit Information Companies Rules, 2006 [CIC Rules]. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of clause
The Reserve Bank of India (RBI) has, by an order dated June 26, 2023, imposed a monetary penalty of ₹26 lakh (Rupees Twenty six lakh only) on TransUnion CIBIL Limited, Mumbai (the company) for non-compliance with certain provisions of the Credit Information Companies (Regulation) Act, 2005 [CIC (R) Act] read with the Credit Information Companies Rules, 2006 [CIC Rules]. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of clause
জুন 26, 2023
RBI imposes monetary penalty on Standard Chartered Bank-India
The Reserve Bank of India (RBI) has, by an order dated June 26, 2023, imposed a monetary penalty of ₹30.00 lakh (Rupees Thirty Lakh only) on Standard Chartered Bank-India (the bank) for non-compliance with certain provisions of the ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’. This penalty has been imposed in exercise of powers vested in RBI conferred under the provisions of section 47 A (1) (c) read with section 46 (4) (i) of the Banking Regula
The Reserve Bank of India (RBI) has, by an order dated June 26, 2023, imposed a monetary penalty of ₹30.00 lakh (Rupees Thirty Lakh only) on Standard Chartered Bank-India (the bank) for non-compliance with certain provisions of the ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’. This penalty has been imposed in exercise of powers vested in RBI conferred under the provisions of section 47 A (1) (c) read with section 46 (4) (i) of the Banking Regula
জুন 26, 2023
RBI imposes monetary penalty on Equifax Credit Information Services Private Limited, Mumbai
The Reserve Bank of India (RBI) has, by an order dated June 26, 2023, imposed a monetary penalty of ₹24.25 lakh (Rupees Twenty four lakh twenty five thousand only) on Equifax Credit Information Services Private Limited, Mumbai (the company) for non-compliance with certain provisions of the ‘Credit Information Companies (Regulation) Act, 2005’ [CIC (R) Act] read with the ‘Credit Information Companies Rules, 2006’ [CIC Rules]. This penalty has been imposed in exercise o
The Reserve Bank of India (RBI) has, by an order dated June 26, 2023, imposed a monetary penalty of ₹24.25 lakh (Rupees Twenty four lakh twenty five thousand only) on Equifax Credit Information Services Private Limited, Mumbai (the company) for non-compliance with certain provisions of the ‘Credit Information Companies (Regulation) Act, 2005’ [CIC (R) Act] read with the ‘Credit Information Companies Rules, 2006’ [CIC Rules]. This penalty has been imposed in exercise o
জুন 26, 2023
RBI imposes monetary penalty on CRIF High Mark Credit Information Services Private Limited, Mumbai
The Reserve Bank of India (RBI) has, by an order dated June 26, 2023, imposed a monetary penalty of ₹25.75 lakh (Rupees Twenty five lakh seventy five thousand only) on CRIF High Mark Credit Information Services Private Limited, Mumbai (the company) for non-compliance with certain provisions of the Credit Information Companies (Regulation) Act, 2005 [CIC (R) Act] read with the Credit Information Companies Rules, 2006 [CIC Rules]. This penalty has been imposed in exerci
The Reserve Bank of India (RBI) has, by an order dated June 26, 2023, imposed a monetary penalty of ₹25.75 lakh (Rupees Twenty five lakh seventy five thousand only) on CRIF High Mark Credit Information Services Private Limited, Mumbai (the company) for non-compliance with certain provisions of the Credit Information Companies (Regulation) Act, 2005 [CIC (R) Act] read with the Credit Information Companies Rules, 2006 [CIC Rules]. This penalty has been imposed in exerci
জুন 26, 2023
RBI imposes monetary penalty on Uttar Pradesh Co-operative Bank Limited, Lucknow
The Reserve Bank of India (RBI) has, by an order dated June 23, 2023, imposed a monetary penalty of ₹28,00,000/- (Rupees Twenty-Eight Lakh only) on Uttar Pradesh Co-operative Bank Limited, Lucknow (the bank), for non-compliance with the Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016 and the directions of RBI on “Customer Service in State / District Central Co-operative Banks (StCBs / DCCBs)”. This penalty has been imposed in exercise of powers confe
The Reserve Bank of India (RBI) has, by an order dated June 23, 2023, imposed a monetary penalty of ₹28,00,000/- (Rupees Twenty-Eight Lakh only) on Uttar Pradesh Co-operative Bank Limited, Lucknow (the bank), for non-compliance with the Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016 and the directions of RBI on “Customer Service in State / District Central Co-operative Banks (StCBs / DCCBs)”. This penalty has been imposed in exercise of powers confe
জুন 26, 2023
RBI imposes monetary penalty on Panihati Co-operative Bank Ltd
The Reserve Bank of India (RBI) has imposed, by an order dated June 20, 2023, a monetary penalty of ₹2,50,000/- (Rupees Two Lakh Fifty Thousand only) on Panihati Co-operative Bank Ltd. (the bank) for contravention of/ non-adherence with the directions issued by RBI on (i) “Exposure Norms and Statutory / Other Restrictions – UCBs” and (ii) “Know Your Customer (KYC) Direction, 2016”. 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 June 20, 2023, a monetary penalty of ₹2,50,000/- (Rupees Two Lakh Fifty Thousand only) on Panihati Co-operative Bank Ltd. (the bank) for contravention of/ non-adherence with the directions issued by RBI on (i) “Exposure Norms and Statutory / Other Restrictions – UCBs” and (ii) “Know Your Customer (KYC) Direction, 2016”. This penalty has been imposed in exercise of powers vested in RBI under the provisions
জুন 26, 2023
RBI imposes monetary penalty on Solapur Siddheshwar Sahakari Bank Limited, Solapur (Maharashtra)
The Reserve Bank of India (RBl) has imposed, by an order dated June 22, 2023, a monetary penalty of ₹1.50 lakh (Rupees One Lakh Fifty Thousand only) on Solapur Siddheshwar Sahakari Bank Limited, Solapur (Maharashtra) (the bank) for contravention of/ non-adherence 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 S
The Reserve Bank of India (RBl) has imposed, by an order dated June 22, 2023, a monetary penalty of ₹1.50 lakh (Rupees One Lakh Fifty Thousand only) on Solapur Siddheshwar Sahakari Bank Limited, Solapur (Maharashtra) (the bank) for contravention of/ non-adherence 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 S
জুন 26, 2023
RBI imposes monetary penalty on The Berhampur Co-operative Urban Bank Ltd., Odisha
The Reserve Bank of India (RBI) has imposed, by an order dated June 21, 2023, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Berhampur Co-operative Urban Bank Ltd., Odisha (the bank) for contravention of directions issued by RBI on (i) ‘Exposure Norms and Statutory/Other Restrictions - UCBs’ and (ii) ‘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 Secti
The Reserve Bank of India (RBI) has imposed, by an order dated June 21, 2023, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Berhampur Co-operative Urban Bank Ltd., Odisha (the bank) for contravention of directions issued by RBI on (i) ‘Exposure Norms and Statutory/Other Restrictions - UCBs’ and (ii) ‘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 Secti
জুন 26, 2023
RBI imposes monetary penalty on The Uttarpara Co-operative Bank Ltd., West Bengal
The Reserve Bank of India (RBI) has imposed, by an order dated June 21, 2023, a monetary penalty of ₹2,50,000/- (Rupees Two Lakh Fifty Thousand only) on The Uttarpara Co-operative Bank Ltd., West Bengal (the bank) for contravention of/ non-adherence with the directions issued by RBI on “Exposure Norms and Statutory / Other Restrictions – UCBs” and “Know Your Customer (KYC)”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Sect
The Reserve Bank of India (RBI) has imposed, by an order dated June 21, 2023, a monetary penalty of ₹2,50,000/- (Rupees Two Lakh Fifty Thousand only) on The Uttarpara Co-operative Bank Ltd., West Bengal (the bank) for contravention of/ non-adherence with the directions issued by RBI on “Exposure Norms and Statutory / Other Restrictions – UCBs” and “Know Your Customer (KYC)”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Sect
জুন 26, 2023
RBI imposes monetary penalty on Ujjain Nagarik Sahakari Bank Maryadit, Ujjain, Madhya Pradesh
The Reserve Bank of India (RBl) has imposed, by an order dated June 22, 2023, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Ujjain Nagarik Sahakari Bank Maryadit, Ujjain (Madhya Pradesh) (the bank) for contravention of/ non-adherence with the directions issued by RBI on ‘Exposure Norms & Statutory/Other Restrictions - UCBs’ and ‘Investments by Primary (Urban) Co-operative Banks’. 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 22, 2023, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Ujjain Nagarik Sahakari Bank Maryadit, Ujjain (Madhya Pradesh) (the bank) for contravention of/ non-adherence with the directions issued by RBI on ‘Exposure Norms & Statutory/Other Restrictions - UCBs’ and ‘Investments by Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers vested in RBI under
জুন 26, 2023
RBI imposes monetary penalty on Textile Traders Co-operative Bank Ltd., Ahmedabad (Gujarat)
The Reserve Bank of India (RBI) has, by an Order dated June 19, 2023, imposed a monetary penalty of ₹4.50 lakh (Rupees Four Lakh Fifty Thousand only) on Textile Traders Co-operative Bank Ltd., Ahmedabad (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Co-operative Banks - Interest Rate on Deposits’, ‘Customer Protection – Limiting Liability of Customers of Co-operative Banks in Unauthorized Electronic Banking Transactions’, and ‘Know Your Custome
The Reserve Bank of India (RBI) has, by an Order dated June 19, 2023, imposed a monetary penalty of ₹4.50 lakh (Rupees Four Lakh Fifty Thousand only) on Textile Traders Co-operative Bank Ltd., Ahmedabad (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Co-operative Banks - Interest Rate on Deposits’, ‘Customer Protection – Limiting Liability of Customers of Co-operative Banks in Unauthorized Electronic Banking Transactions’, and ‘Know Your Custome
জুন 23, 2023
RBI imposes monetary penalty on Jammu and Kashmir Bank Limited
The Reserve Bank of India (RBI) has, by an order dated June 22, 2023 imposed a monetary penalty of ₹2,50,00,000/- (Rupees Two crore and Fifty lakh only) on Jammu and Kashmir Bank Limited (the bank) for non-compliance with certain directions issued by RBI on ‘Creation of a Central Repository of Large Common Exposures-Across Banks’, read with ‘Central Repository of Information on Large Credits (CRILC) – Revision in Reporting’, ‘Loans and Advances – Statutory and other R
The Reserve Bank of India (RBI) has, by an order dated June 22, 2023 imposed a monetary penalty of ₹2,50,00,000/- (Rupees Two crore and Fifty lakh only) on Jammu and Kashmir Bank Limited (the bank) for non-compliance with certain directions issued by RBI on ‘Creation of a Central Repository of Large Common Exposures-Across Banks’, read with ‘Central Repository of Information on Large Credits (CRILC) – Revision in Reporting’, ‘Loans and Advances – Statutory and other R
জুন 23, 2023
RBI imposes monetary penalty on Bank of Maharashtra
The Reserve Bank of India (RBI) has, by an order dated June 22, 2023, imposed a monetary penalty of ₹1.45 Crore (Rupees One Crore and forty five Lakh only) on Bank of Maharashtra (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and Advances – Statutory and Other Restrictions’ and Advisory on ‘Man in the Middle (MiTM) Attacks in ATMs’ (the Advisory). This penalty has been imposed in exercise of powers vested in RBI conferred under the provi
The Reserve Bank of India (RBI) has, by an order dated June 22, 2023, imposed a monetary penalty of ₹1.45 Crore (Rupees One Crore and forty five Lakh only) on Bank of Maharashtra (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and Advances – Statutory and Other Restrictions’ and Advisory on ‘Man in the Middle (MiTM) Attacks in ATMs’ (the Advisory). This penalty has been imposed in exercise of powers vested in RBI conferred under the provi
জুন 23, 2023
RBI imposes monetary penalty on Axis Bank Ltd.
The Reserve Bank of India (RBI) has, by an order dated June 22, 2023, imposed a monetary penalty of ₹30.00 Lakh (Rupees Thirty lakh only) on Axis Bank Ltd. (the bank) for non-compliance with certain provisions of the RBI directions on ‘Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances – Credit Card Accounts’. This penalty has been imposed in exercise of powers vested in RBI conferred under the provisions of section 47
The Reserve Bank of India (RBI) has, by an order dated June 22, 2023, imposed a monetary penalty of ₹30.00 Lakh (Rupees Thirty lakh only) on Axis Bank Ltd. (the bank) for non-compliance with certain provisions of the RBI directions on ‘Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances – Credit Card Accounts’. This penalty has been imposed in exercise of powers vested in RBI conferred under the provisions of section 47
জুন 19, 2023
RBI imposes monetary penalty on The Urban Co-operative Bank Ltd., Rourkela (Odisha)
The Reserve Bank of India (RBI) has imposed, by an order dated June 09, 2023, a monetary penalty of ₹6.00 lakh (Rupees Six lakh only) on The Urban Co-operative Bank Limited, Rourkela (the bank) for contravention of/ non-adherence with the directions issued by RBI on Know Your Customer (KYC) and Maintenance of Deposit Accounts – Primary (Urban) Co-operative Banks. 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 (RBI) has imposed, by an order dated June 09, 2023, a monetary penalty of ₹6.00 lakh (Rupees Six lakh only) on The Urban Co-operative Bank Limited, Rourkela (the bank) for contravention of/ non-adherence with the directions issued by RBI on Know Your Customer (KYC) and Maintenance of Deposit Accounts – Primary (Urban) Co-operative Banks. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1)
জুন 19, 2023
RBI imposes monetary penalty on Dombivli Nagari Sahakari Bank Limited, Dombivli (Maharashtra)
The Reserve Bank of India (RBI) has, by an order dated June 12, 2023, imposed a monetary penalty of ₹50.00 lakh (Rupees fifty lakh only) on Dombivli Nagari Sahakari Bank Limited, Dombivli (the bank) for non-compliance with directions issued by RBI on ‘Basic Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs) and ‘Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs) - A Graded Approach’. This penalty has been imposed in
The Reserve Bank of India (RBI) has, by an order dated June 12, 2023, imposed a monetary penalty of ₹50.00 lakh (Rupees fifty lakh only) on Dombivli Nagari Sahakari Bank Limited, Dombivli (the bank) for non-compliance with directions issued by RBI on ‘Basic Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs) and ‘Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs) - A Graded Approach’. This penalty has been imposed in
জুন 19, 2023
RBI imposes monetary penalty on Andhra Pradesh Mahesh Co-operative Urban Bank Ltd., Hyderabad
The Reserve Bank of India (RBI) has, by an order dated June 12, 2023, imposed a monetary penalty of ₹65.00 lakh (Rupees sixty-five lakh only) on Andhra Pradesh Mahesh Co-operative Urban Bank Ltd., Hyderabad (the bank) for non-compliance with directions issued by RBI on ‘Basic Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs), ‘Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs) - A Graded Approach’ and ‘Internet Bank
The Reserve Bank of India (RBI) has, by an order dated June 12, 2023, imposed a monetary penalty of ₹65.00 lakh (Rupees sixty-five lakh only) on Andhra Pradesh Mahesh Co-operative Urban Bank Ltd., Hyderabad (the bank) for non-compliance with directions issued by RBI on ‘Basic Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs), ‘Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs) - A Graded Approach’ and ‘Internet Bank
জুন 16, 2023
RBI imposes monetary penalty on Manappuram Finance Limited
The Reserve Bank of India (RBI) has, by an order dated June 12, 2023, imposed a monetary penalty of ₹20.00 lakh (Rupees Twenty lakh only) on Manappuram Finance Limited, Thrissur (the company) for non-compliance with certain provisions of the “Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016”. This penalty has been imposed in exercise of powers vested in RBI under the provisions
The Reserve Bank of India (RBI) has, by an order dated June 12, 2023, imposed a monetary penalty of ₹20.00 lakh (Rupees Twenty lakh only) on Manappuram Finance Limited, Thrissur (the company) for non-compliance with certain provisions of the “Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016”. This penalty has been imposed in exercise of powers vested in RBI under the provisions
জুন 12, 2023
RBI imposes monetary penalty on The Co-operative Bank of Rajkot Ltd., Rajkot (Gujarat)
The Reserve Bank of India (RBI) has, by an Order dated June 05, 2023, imposed a monetary penalty of ₹10.00 lakh (Rupees ten lakh only) on The Co-operative Bank of Rajkot Ltd., Rajkot (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Reporting of unauthorised transactions by customers to banks’, ‘Names as Appearing in the Certificate of Registration and the Licence - Use of - Primary (Urban) Co-operative Banks (UCBs)’ and ‘Frauds in UCBs: Changes i
The Reserve Bank of India (RBI) has, by an Order dated June 05, 2023, imposed a monetary penalty of ₹10.00 lakh (Rupees ten lakh only) on The Co-operative Bank of Rajkot Ltd., Rajkot (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Reporting of unauthorised transactions by customers to banks’, ‘Names as Appearing in the Certificate of Registration and the Licence - Use of - Primary (Urban) Co-operative Banks (UCBs)’ and ‘Frauds in UCBs: Changes i
জুন 12, 2023
RBI imposes monetary penalty on Telangana State Cooperative Apex Bank Limited, Hyderabad
The Reserve Bank of India (RBI) has, by an order dated June 05, 2023, imposed a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on Telangana State Cooperative Apex Bank Limited, Hyderabad (the bank), for contravention of the provisions of section 26 A (2) read with section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers conferred on RBI under section 47A (1) (c) read with sections 46 (4) (i) and 56 of the BR A
The Reserve Bank of India (RBI) has, by an order dated June 05, 2023, imposed a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on Telangana State Cooperative Apex Bank Limited, Hyderabad (the bank), for contravention of the provisions of section 26 A (2) read with section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers conferred on RBI under section 47A (1) (c) read with sections 46 (4) (i) and 56 of the BR A
জুন 12, 2023
RBI imposes monetary penalty on The Bihar State Co-operative Bank Limited, Patna
The Reserve Bank of India (RBI) has, by an order dated June 05, 2023, imposed a monetary penalty of ₹60.20 lakh (Rupees Sixty Lakh and Twenty Thousand only) on The Bihar State Co-operative Bank Limited, Patna (the bank), for ─ contravention of the provisions of sections 24(3), 26 and 27(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act) and the Banking Regulation (Co-operative Societies) Rules, 1966 (BR Rules); non-compliance with the Reserve Bank of
The Reserve Bank of India (RBI) has, by an order dated June 05, 2023, imposed a monetary penalty of ₹60.20 lakh (Rupees Sixty Lakh and Twenty Thousand only) on The Bihar State Co-operative Bank Limited, Patna (the bank), for ─ contravention of the provisions of sections 24(3), 26 and 27(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act) and the Banking Regulation (Co-operative Societies) Rules, 1966 (BR Rules); non-compliance with the Reserve Bank of
জুন 12, 2023
Reserve Bank of India imposes monetary penalty on Jowai Cooperative Urban Bank Limited, Meghalaya
The Reserve Bank of India (RBI) has imposed, by an order dated June 9, 2023, a monetary penalty of ₹6,00,000/- (Rupees Six lakh only) on Jowai Cooperative Urban Bank Limited, Jowai, Meghalaya (the bank) for contravention of RBI directions to Urban Cooperative Banks on (i) ‘Exposure Norms and Statutory / Other Restrictions – UCBs’ and (ii) Know Your Customer (KYC) Directions, 2016. This penalty has been imposed in exercise of powers vested in RBI under the provisions o
The Reserve Bank of India (RBI) has imposed, by an order dated June 9, 2023, a monetary penalty of ₹6,00,000/- (Rupees Six lakh only) on Jowai Cooperative Urban Bank Limited, Jowai, Meghalaya (the bank) for contravention of RBI directions to Urban Cooperative Banks on (i) ‘Exposure Norms and Statutory / Other Restrictions – UCBs’ and (ii) Know Your Customer (KYC) Directions, 2016. This penalty has been imposed in exercise of powers vested in RBI under the provisions o
জুন 05, 2023
RBI imposes monetary penalty on Sawantwadi Urban Co-operative Bank Ltd., Sawantwadi, Maharashtra
The Reserve Bank of India (RBI) has, by an order dated May 29, 2023, imposed a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on Sawantwadi Urban Co-operative Bank Ltd., Sawantwadi (the bank) for contravention of directions contained in the Supervisory Action Framework (SAF) issued by RBI under section 36 (1) read with section 56 of the Banking Regulation Act, 1949 (the Act). This penalty has been imposed in exercise of powers vested in RBI under the provisio
The Reserve Bank of India (RBI) has, by an order dated May 29, 2023, imposed a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on Sawantwadi Urban Co-operative Bank Ltd., Sawantwadi (the bank) for contravention of directions contained in the Supervisory Action Framework (SAF) issued by RBI under section 36 (1) read with section 56 of the Banking Regulation Act, 1949 (the Act). This penalty has been imposed in exercise of powers vested in RBI under the provisio
জুন 05, 2023
RBI imposes monetary penalty on Kokan Mercantile Co-operative Bank Limited., Mumbai, Maharashtra
The Reserve Bank of India (RBI) has, by an order dated May 29, 2023 imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Kokan Mercantile Co-operative Bank Limited., Mumbai (the bank) for contravention of directions issued by RBI on Maintenance of Deposit Accounts. 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, 1949 (
The Reserve Bank of India (RBI) has, by an order dated May 29, 2023 imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Kokan Mercantile Co-operative Bank Limited., Mumbai (the bank) for contravention of directions issued by RBI on Maintenance of Deposit Accounts. 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, 1949 (
ভাৰতীয় ৰিজাৰ্ভ বেংক মোবাইল এপ্পলিকেষ্যন ইনষ্টল কৰক আৰু নৱীনতম বাতৰিৰ প্ৰৱেশাধিকাৰ পাওক!
পৃষ্ঠাটো শেহতীয়া আপডেট কৰা তাৰিখ: নৱেম্বৰ 21, 2024
