Press Releases - Enforcement - આરબીઆઈ - Reserve Bank of India
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જુલાઈ 08, 2022
RBI imposes monetary penalty on Bank of India
The Reserve Bank of India (RBI) has, by an order dated July 7, 2022, imposed a monetary penalty of ₹70 lakh (Rupees Seventy lakh only) on Bank of India. (the bank) for non-compliance with certain provisions of the ‘Reserve Bank of India – (Know Your Customer (KYC)) Direction, 2016’ and circular instructions on ‘Compliance Function in Banks’ issued by RBI. This penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) rea
The Reserve Bank of India (RBI) has, by an order dated July 7, 2022, imposed a monetary penalty of ₹70 lakh (Rupees Seventy lakh only) on Bank of India. (the bank) for non-compliance with certain provisions of the ‘Reserve Bank of India – (Know Your Customer (KYC)) Direction, 2016’ and circular instructions on ‘Compliance Function in Banks’ issued by RBI. This penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) rea
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જુલાઈ 08, 2022
RBI imposes monetary penalty on Federal Bank Limited
The Reserve Bank of India (RBI) has, by an order dated July 7, 2022, imposed a monetary penalty of ₹5.72 crore (Rupees Five crore and seventy-two lakh only) on Federal Bank Ltd. (the bank) for non-compliance with the provisions of ‘Reserve Bank of India (Financial Services provided by Banks) Directions, 2016’ issued by RBI. 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) of the
The Reserve Bank of India (RBI) has, by an order dated July 7, 2022, imposed a monetary penalty of ₹5.72 crore (Rupees Five crore and seventy-two lakh only) on Federal Bank Ltd. (the bank) for non-compliance with the provisions of ‘Reserve Bank of India (Financial Services provided by Banks) Directions, 2016’ issued by RBI. 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) of the
જુલાઈ 04, 2022
RBI imposes monetary penalty on Nav Jeevan Co-operative Bank Ltd., Ulhasnagar
The Reserve Bank of India (RBI) has imposed, by an order dated June 27, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Nav Jeevan Co-operative Bank Ltd., Ulhasnagar (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 Secti
The Reserve Bank of India (RBI) has imposed, by an order dated June 27, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Nav Jeevan Co-operative Bank Ltd., Ulhasnagar (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 Secti
જુલાઈ 04, 2022
RBI imposes monetary penalty on Dhakuria Cooperative Bank Ltd., Kolkata, West Bengal
The Reserve Bank of India (RBI) has imposed, by an order dated June 29, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on the Dhakuria Cooperative Bank Limited, Kolkata, West Bengal (the bank) for contravention of/ non-adherence with the directions issued by RBI to Urban Cooperative Bank on (i) ‘Exposure Norms and Statutory / Other Restrictions – UCBs’ and (ii) Know Your Customer (KYC) Direction. This penalty has been imposed in exercise of powers veste
The Reserve Bank of India (RBI) has imposed, by an order dated June 29, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on the Dhakuria Cooperative Bank Limited, Kolkata, West Bengal (the bank) for contravention of/ non-adherence with the directions issued by RBI to Urban Cooperative Bank on (i) ‘Exposure Norms and Statutory / Other Restrictions – UCBs’ and (ii) Know Your Customer (KYC) Direction. This penalty has been imposed in exercise of powers veste
જુલાઈ 04, 2022
RBI imposes monetary penalty on Balangir District Central Cooperative Bank Limited, Balangir, Odisha
The Reserve Bank of India (RBI) has imposed, by an order dated June 29, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Balangir District Central Cooperative Bank Limited, Balangir, Odisha (the bank) for contravention of/ non-adherence with the provisions of Section 9 of the Banking Regulation Act, 1949 and the directions issued by RBI in this regard (Disposal of Non-banking Assets). This penalty has been imposed in exercise of powers vested in RBI un
The Reserve Bank of India (RBI) has imposed, by an order dated June 29, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Balangir District Central Cooperative Bank Limited, Balangir, Odisha (the bank) for contravention of/ non-adherence with the provisions of Section 9 of the Banking Regulation Act, 1949 and the directions issued by RBI in this regard (Disposal of Non-banking Assets). This penalty has been imposed in exercise of powers vested in RBI un
જુલાઈ 04, 2022
RBI imposes monetary penalty on IndusInd Bank Ltd
The Reserve Bank of India (RBI) has, by an order dated June 29, 2022, imposed a monetary penalty of ₹1 crore (Rupees One crore only) on IndusInd Bank Ltd. (the bank) for non-compliance with certain directions issued by RBI on ‘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 47 A (1) (c) read with section 46 (4) (i) of the Banking Regulation Act, 1949 (
The Reserve Bank of India (RBI) has, by an order dated June 29, 2022, imposed a monetary penalty of ₹1 crore (Rupees One crore only) on IndusInd Bank Ltd. (the bank) for non-compliance with certain directions issued by RBI on ‘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 47 A (1) (c) read with section 46 (4) (i) of the Banking Regulation Act, 1949 (
જુલાઈ 04, 2022
RBI imposes monetary penalty on Kotak Mahindra Bank Limited
The Reserve Bank of India (RBI) has, by an order dated June 29, 2022, imposed a monetary penalty of ₹1,05,00,000/- (Rupees one crore and five lakh only) on Kotak Mahindra Bank Limited (the bank) for contravention of the provisions 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’ and for non-compliance with the directions on ‘Customer Protection – Limiting
The Reserve Bank of India (RBI) has, by an order dated June 29, 2022, imposed a monetary penalty of ₹1,05,00,000/- (Rupees one crore and five lakh only) on Kotak Mahindra Bank Limited (the bank) for contravention of the provisions 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’ and for non-compliance with the directions on ‘Customer Protection – Limiting
જુલાઈ 04, 2022
RBI imposes monetary penalty on The Palani Co-operative Urban Bank Limited (No.A.331), Palani, Dindigul District, Tamil Nadu
The Reserve Bank of India (RBI) has imposed, by an order dated June 27, 2022, a monetary penalty of ₹2.00 lakh (Rupees two lakh only) on The Palani Co-operative Urban Bank Limited (No.A.331) for non-adherence to / 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 B
The Reserve Bank of India (RBI) has imposed, by an order dated June 27, 2022, a monetary penalty of ₹2.00 lakh (Rupees two lakh only) on The Palani Co-operative Urban Bank Limited (No.A.331) for non-adherence to / 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 B
જૂન 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
જૂન 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
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પેજની છેલ્લી અપડેટની તારીખ: નવેમ્બર 04, 2024
