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Press Releases
Mar 07, 2019
Nagar Sahkari Bank Ltd., Etawah (Uttar Pradesh) - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 1,00,000/- (Rupees One Lakh Only) on Nagar Sahkari Bank Ltd., Etawah (Uttar Pradesh) in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on Prudential Norms on Inter-bank Gross Exposure and Counter Party Limit. The Reserve Bank of India
The Reserve Bank of India has imposed a monetary penalty of ₹ 1,00,000/- (Rupees One Lakh Only) on Nagar Sahkari Bank Ltd., Etawah (Uttar Pradesh) in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on Prudential Norms on Inter-bank Gross Exposure and Counter Party Limit. The Reserve Bank of India
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Mar 06, 2019
Mahoba Urban Co-operative Bank Ltd., Mahoba, (U.P.) - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty Thousand Only) on Mahoba Urban Co-operative Bank Ltd., Mahoba, (U.P.) in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on Prudential Norms on Inter-bank Gross Exposure and Counter Party Limit. The Reserve Bank o
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty Thousand Only) on Mahoba Urban Co-operative Bank Ltd., Mahoba, (U.P.) in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on Prudential Norms on Inter-bank Gross Exposure and Counter Party Limit. The Reserve Bank o
Mar 06, 2019
Etawah Urban Co-operative Bank Ltd., Etawah, (U.P.) - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty Thousand Only) on Etawah Urban Co-operative Bank Ltd., Etawah (U.P.) in exercise of powers vested under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of RBI Instructions/Guidelines relating to Supervisory Instructions issued under Section 36(1) of the Banking Regulation Act, 1949
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty Thousand Only) on Etawah Urban Co-operative Bank Ltd., Etawah (U.P.) in exercise of powers vested under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of RBI Instructions/Guidelines relating to Supervisory Instructions issued under Section 36(1) of the Banking Regulation Act, 1949
Mar 01, 2019
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Bidar Mahila Urban Co-operative Bank Ltd., Bidar
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949 (AACS), the Reserve Bank of India has issued certain Directions to Bidar Mahila Urban Co-operative Bank Ltd., Bidar, whereby, as from the close of business on February 28, 2019, the aforesaid bank shall not, without prior approval of RBI in writing g
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949 (AACS), the Reserve Bank of India has issued certain Directions to Bidar Mahila Urban Co-operative Bank Ltd., Bidar, whereby, as from the close of business on February 28, 2019, the aforesaid bank shall not, without prior approval of RBI in writing g
Mar 01, 2019
U.P. Postal Primary Co-operative Bank Ltd., Lucknow, Uttar Pradesh - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 5,00,000/- (Rupees Five Lakh only) on U.P. Postal Primary Co-operative Bank Ltd., Uttar Pradesh in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on Prudential Norms on Inter-bank Counter Party Limit, Concurrent Audit of Investment Tra
The Reserve Bank of India has imposed a monetary penalty of ₹ 5,00,000/- (Rupees Five Lakh only) on U.P. Postal Primary Co-operative Bank Ltd., Uttar Pradesh in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on Prudential Norms on Inter-bank Counter Party Limit, Concurrent Audit of Investment Tra
Mar 01, 2019
Rani Laxmi Bai Urban Co-operative Bank Ltd., Jhansi, Uttar Pradesh - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 5,00,000/- (Rupees Five Lakh only) on Rani Laxmi Bai Urban Co-operative Bank Ltd., Jhansi, Uttar Pradesh in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on Membership of Credit Information Companies, Prudential Norms on Inter-bank Co
The Reserve Bank of India has imposed a monetary penalty of ₹ 5,00,000/- (Rupees Five Lakh only) on Rani Laxmi Bai Urban Co-operative Bank Ltd., Jhansi, Uttar Pradesh in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on Membership of Credit Information Companies, Prudential Norms on Inter-bank Co
Mar 01, 2019
Urban Co-operative Bank Ltd., Badaun, Uttar Pradesh - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 5,00,000/- (Rupees Five Lakh only) on Urban Co-operative Bank Ltd., Badaun, Uttar Pradesh in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines relating to Supervisory instructions issued to the bank, Prudential Norms on Inter-bank Gross a
The Reserve Bank of India has imposed a monetary penalty of ₹ 5,00,000/- (Rupees Five Lakh only) on Urban Co-operative Bank Ltd., Badaun, Uttar Pradesh in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines relating to Supervisory instructions issued to the bank, Prudential Norms on Inter-bank Gross a
Feb 28, 2019
RBI approves Amalgamation of DBS Bank Ltd., India with DBS Bank India Limited
The Reserve Bank of India has sanctioned the Scheme of Amalgamation of the entire undertaking of DBS Bank Ltd., India with DBS Bank India Limited which has been granted licence by the Reserve Bank to carry on the business of banking in India through Wholly Owned Subsidiary (WOS) Mode under section 22(1) of the Banking Regulation Act, 1949. The Scheme has been sanctioned in exercise of the powers contained in sub-section (4) of Section 44A of the Banking Regulation Act
The Reserve Bank of India has sanctioned the Scheme of Amalgamation of the entire undertaking of DBS Bank Ltd., India with DBS Bank India Limited which has been granted licence by the Reserve Bank to carry on the business of banking in India through Wholly Owned Subsidiary (WOS) Mode under section 22(1) of the Banking Regulation Act, 1949. The Scheme has been sanctioned in exercise of the powers contained in sub-section (4) of Section 44A of the Banking Regulation Act
Feb 28, 2019
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - The CKP Co-operative Bank Ltd, Mumbai, Maharashtra
The CKP Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions vide directive dated April 30, 2014, from close of business on May 2, 2014. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive dated November 27, 2018 and was valid upto February 28, 2019 subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in
The CKP Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions vide directive dated April 30, 2014, from close of business on May 2, 2014. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive dated November 27, 2018 and was valid upto February 28, 2019 subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in
Feb 27, 2019
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Rupee Co-operative Bank Ltd, Pune, Maharashtra
Rupee Co-operative Bank Ltd, Pune, Maharashtra, was placed under directions vide directive dated February 21, 2013 from close of business on February 22, 2013. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive dated November 27, 2018 and was valid up to February 28, 2019, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vest
Rupee Co-operative Bank Ltd, Pune, Maharashtra, was placed under directions vide directive dated February 21, 2013 from close of business on February 22, 2013. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive dated November 27, 2018 and was valid up to February 28, 2019, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vest
Feb 26, 2019
Issue of ₹ 100 Denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, Governor
The Reserve Bank of India will shortly issue ₹ 100 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, Governor. The design of these notes is similar in all respects to ₹ 100 Banknotes in Mahatma Gandhi (New) Series. All Banknotes in the denomination of ₹ 100 issued by the Reserve Bank in the past will continue to be legal tender. Jose J. Kattoor Chief General Manager Press Release : 2018-2019/2029
The Reserve Bank of India will shortly issue ₹ 100 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, Governor. The design of these notes is similar in all respects to ₹ 100 Banknotes in Mahatma Gandhi (New) Series. All Banknotes in the denomination of ₹ 100 issued by the Reserve Bank in the past will continue to be legal tender. Jose J. Kattoor Chief General Manager Press Release : 2018-2019/2029
Feb 25, 2019
RBI cancels Certificate of Registration of 25 NBFCs
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sl. No. Name of the Company Registered Office address of the Company CoR No Date of issue of CoR Date of Cancellation of CoR 1. Anand Business Pvt. Ltd. 2, Chowringhee Approach, 3rd Floor, Kolkata-700 072, West Bengal 05.02854 August 27, 1998 January 04, 2019 2. Manish
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sl. No. Name of the Company Registered Office address of the Company CoR No Date of issue of CoR Date of Cancellation of CoR 1. Anand Business Pvt. Ltd. 2, Chowringhee Approach, 3rd Floor, Kolkata-700 072, West Bengal 05.02854 August 27, 1998 January 04, 2019 2. Manish
Feb 22, 2019
RBI issues Directions to Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd. Nilanga, District Latur, Maharashtra
The Reserve Bank of India has issued Directions to Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd. Nilanga, District Latur, Maharashtra for a period of six months with effect from close of business as on February 16, 2019. According to the Directions Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd. Nilanga, District Latur shall not, without prior approval in writing from the Reserve Bank of India, grant or renew any loans and advances, make an
The Reserve Bank of India has issued Directions to Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd. Nilanga, District Latur, Maharashtra for a period of six months with effect from close of business as on February 16, 2019. According to the Directions Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd. Nilanga, District Latur shall not, without prior approval in writing from the Reserve Bank of India, grant or renew any loans and advances, make an
Feb 21, 2019
The Srikalahasti Co-operative Town Bank ltd, Srikalahasti, Andhra Pradesh - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty thousand only) on The Srikalahasti Co-operative Town Bank Ltd., Srikalahasti, Andhra Pradesh, in exercise of the powers vested in it under the provisions of Section 47A (1) (c) read with sub-section 4 of Section 46 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of directives/ guidelines / instructions of the Reserve Bank of India on submis
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty thousand only) on The Srikalahasti Co-operative Town Bank Ltd., Srikalahasti, Andhra Pradesh, in exercise of the powers vested in it under the provisions of Section 47A (1) (c) read with sub-section 4 of Section 46 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of directives/ guidelines / instructions of the Reserve Bank of India on submis
Feb 20, 2019
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - The Mapusa Urban Co-operative Bank of Goa Ltd, Goa - Extension of Period of Directions and relaxation in Withdrawal limit
Reserve Bank issued Directions under Section 35A read with section 56 of the Banking Regulation Act, 1949 to The Mapusa Urban Co-operative Bank of Goa Ltd, Goa vide Directive dated July 24, 2015, as modified from time to time, last being vide Directive dated August 13, 2018 which extended the Directions upto February 18, 2019. In terms of the existing Directions, among other conditions, a sum not exceeding ₹ 1,000/- of the total balance in every savings bank or curren
Reserve Bank issued Directions under Section 35A read with section 56 of the Banking Regulation Act, 1949 to The Mapusa Urban Co-operative Bank of Goa Ltd, Goa vide Directive dated July 24, 2015, as modified from time to time, last being vide Directive dated August 13, 2018 which extended the Directions upto February 18, 2019. In terms of the existing Directions, among other conditions, a sum not exceeding ₹ 1,000/- of the total balance in every savings bank or curren
Feb 20, 2019
HCBL Co-operative Bank Ltd, Lucknow (U.P.) -Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 1,00,000/- (Rupees One Lakh only) on HCBL Co-operative Bank Ltd., Lucknow, (U.P.) in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on All-Inclusive Directions u/s 35A of the Banking Regulation Act, 1949(AACS) read with Section 56 of t
The Reserve Bank of India has imposed a monetary penalty of ₹ 1,00,000/- (Rupees One Lakh only) on HCBL Co-operative Bank Ltd., Lucknow, (U.P.) in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on All-Inclusive Directions u/s 35A of the Banking Regulation Act, 1949(AACS) read with Section 56 of t
Feb 14, 2019
Reserve Bank of India imposes monetary penalty on three banks
The Reserve Bank of India (RBI) has imposed, by orders dated January 31, 2019, monetary penalty for non-compliance with various directions issued by RBI on monitoring of end use of funds, exchange of information with other banks, and on restructuring of accounts, on three banks as detailed below: Sr. No. Name of the bank Amount of penalty (in ₹ Million) 1. Bank of India 10 2. Oriental Bank of Commerce 15 3. Punjab National Bank 10 These penalties have been imposed in
The Reserve Bank of India (RBI) has imposed, by orders dated January 31, 2019, monetary penalty for non-compliance with various directions issued by RBI on monitoring of end use of funds, exchange of information with other banks, and on restructuring of accounts, on three banks as detailed below: Sr. No. Name of the bank Amount of penalty (in ₹ Million) 1. Bank of India 10 2. Oriental Bank of Commerce 15 3. Punjab National Bank 10 These penalties have been imposed in
Feb 14, 2019
6 NBFCs surrender their Certificate of Registration to RBI
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address COR No Issued On Cancellation Order Date 1. Dimensional Finance Private Limited 4/5, Noormal Lohia Lane, Kolkata-700 007, West
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address COR No Issued On Cancellation Order Date 1. Dimensional Finance Private Limited 4/5, Noormal Lohia Lane, Kolkata-700 007, West
Feb 13, 2019
Reserve Bank of India imposes monetary penalty on four banks
The Reserve Bank of India (RBI) has imposed, by orders dated January 31, 2019, monetary penalty for non-compliance with various directions issued by RBI on monitoring of end use of funds, exchange of information with other banks, classification and reporting of frauds, and on restructuring of accounts, on four banks as detailed below: Sr. No. Name of the bank Amount of penalty (in ₹ Million) 1. Bank of Baroda 10 2. Corporation Bank 20 3. State Bank of India 10 4. Unio
The Reserve Bank of India (RBI) has imposed, by orders dated January 31, 2019, monetary penalty for non-compliance with various directions issued by RBI on monitoring of end use of funds, exchange of information with other banks, classification and reporting of frauds, and on restructuring of accounts, on four banks as detailed below: Sr. No. Name of the bank Amount of penalty (in ₹ Million) 1. Bank of Baroda 10 2. Corporation Bank 20 3. State Bank of India 10 4. Unio
Feb 13, 2019
The Chittoor Co-operative Town Bank Ltd., Chittoor, Andhra Pradesh - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty thousand only) on The Chittoor Co-operative Town Bank Ltd., Chittoor, Andhra Pradesh, in exercise of the powers vested in it under the provisions of Section 47A (1) (c) read with sub-section 4 of Section 46 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of directives/guidelines/instructions of the Reserve Bank of India for non-transfer of
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty thousand only) on The Chittoor Co-operative Town Bank Ltd., Chittoor, Andhra Pradesh, in exercise of the powers vested in it under the provisions of Section 47A (1) (c) read with sub-section 4 of Section 46 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of directives/guidelines/instructions of the Reserve Bank of India for non-transfer of
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