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 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 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 Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.

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 (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act, 1949.

ভারতীয় রিজার্ভ ব্যাঙ্ক (আরবিআই) 07 অগাস্ট, 2023 তারিখের একটি আদেশ দ্বারা, দী শিবপুর কো-অপারেটিভ ব্যাঙ্ক লিমিটেড, পশ্চিমবঙ্গ (ব্যাঙ্ক) উপর ₹10,000/- (দশ হাজার টাকা মাত্র) আর্থিক জরিমানা আরোপ করেছে 'এক্সপোজার নর্মস এবং সংবিধিবদ্ধ/অন্যান্য বিধিনিষেধ - UCB' -এর কিছু বিধান মেনে না চলার জন্য। ব্যাঙ্কিং রেগুলেশন অ্যাক্ট, 1949-এর ধারা 46 (4) (i) এবং 56 ধারা সহ পঠিত ধারা 47 A (1) (c) এর বিধানের অধীনে RBI-এ অর্পিত ক্ষমতা প্রয়োগে এই দণ্ড আরোপ করা হয়েছে।

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) and 51 of the Banking Regulation Act, 1949.

ভারতীয় রিজার্ভ ব্যাঙ্ক (আরবিআই) 07, 2023 অগাস্ট তারিখের একটি আদেশ দ্বারা, বালি কো-অপারেটিভ ব্যাঙ্ক লিমিটেড, হাওড়া, পশ্চিমবঙ্গের (ব্যাঙ্ক) উপর ₹1,00,000/- (এক লক্ষ টাকা) আর্থিক জরিমানা আরোপ করেছে 'রিজার্ভ ব্যাঙ্ক অফ ইন্ডিয়া - (আপনার গ্রাহককে জানুন (কেওয়াইসি)) নির্দেশিকা, 2016-এর কিছু বিধান মেনে না চলার জন্য। ব্যাঙ্কিং রেগুলেশন অ্যাক্ট, 1949-এর ধারা 46 (4) (i) এবং 56 ধারা সহ পঠিত ধারা 47 A (1) (c) এর বিধানের অধীনে RBI-এ অর্পিত ক্ষমতা প্রয়োগে এই দণ্ড আরোপ করা হয়েছে।

ভারতীয় রিজার্ভ ব্যাঙ্ক (আরবিআই) 07 অগাস্ট, 2023 তারিখের একটি আদেশ দ্বারা, দী নবপল্লী কো-অপারেটিভ ব্যাঙ্ক লিমিটেড, পশ্চিমবঙ্গ (ব্যাঙ্ক) উপর ₹2,50,000/- (দুই লক্ষ পঞ্চাশ হাজার টাকা মাত্র) আর্থিক জরিমানা আরোপ করেছে 'এক্সপোজার নর্মস এবং সংবিধিবদ্ধ/অন্যান্য বিধিনিষেধ - UCB' এবং 'রিজার্ভ ব্যাঙ্ক অফ ইন্ডিয়া - (আপনার গ্রাহককে জানুন (কেওয়াইসি)) নির্দেশিকা, 2016' - এর কিছু বিধান মেনে না চলার জন্য। ব্যাঙ্কিং রেগুলেশন অ্যাক্ট, 1949-এর ধারা 46 (4) (i) এবং 56 ধারা সহ পঠিত ধারা 47 A (1) (c) এর বিধানের অধীনে RBI-এ অর্পিত ক্ষমতা প্রয়োগে এই দণ্ড আরোপ করা হয়েছে।

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 56 of the Banking Regulation Act, 1949.

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 Deposit Accounts’ and ‘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 Sections 46(4)(i) and 56 of the BR Act.

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-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 BR Act.

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)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949 (BR Act).

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 provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.

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 (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 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