Press Releases - Enforcement - ಆರ್ಬಿಐ - Reserve Bank of India
ಪತ್ರಿಕಾ ಪ್ರಕಟಣೆಗಳು
ನವೆಂ 28, 2022
RBI imposes monetary penalty on The Cumbum Co-operative Town Bank Ltd., Cumbum, Prakasam District, Andhra Pradesh
The Reserve Bank of India (RBI) has imposed, by an order dated November 25, 2022, a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on The Cumbum Co-operative Town Bank Ltd., Cumbum, Prakasam District, Andhra Pradesh (the bank) for non-adherence / violation of directions issued under Frauds - Classification and Reporting 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)
The Reserve Bank of India (RBI) has imposed, by an order dated November 25, 2022, a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on The Cumbum Co-operative Town Bank Ltd., Cumbum, Prakasam District, Andhra Pradesh (the bank) for non-adherence / violation of directions issued under Frauds - Classification and Reporting 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)
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ನವೆಂ 28, 2022
RBI imposes monetary penalty on The National Co-operative Bank Limited, Bengaluru, Karnataka
The Reserve Bank of India (RBI) has imposed, by an order dated November 25, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The National Co-operative Bank Limited, Bengaluru, Karnataka (the bank) for non-adherence / violation of directions issued under Supervisory Action Framework for Urban Co-operative Banks (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)
The Reserve Bank of India (RBI) has imposed, by an order dated November 25, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The National Co-operative Bank Limited, Bengaluru, Karnataka (the bank) for non-adherence / violation of directions issued under Supervisory Action Framework for Urban Co-operative Banks (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)
ನವೆಂ 21, 2022
RBI imposes monetary penalty on The Parwanoo Urban Co-operative Bank Limited, Parwanoo, Himachal Pradesh
The Reserve Bank of India (RBI) has imposed, by an order dated November 15, 2022, a monetary penalty of ₹3.00 lakh (Rupees Three Lakh only) on The Parwanoo Urban Co-operative Bank Limited, Parwanoo, Himachal Pradesh (the bank) for contravention of section 35A and section 36 (1) (a) read with section 56 of the Banking Regulation Act, 1949 as the bank failed to comply with specific directions issued to it by RBI under Supervisory Action Framework (SAF). This penalty has
The Reserve Bank of India (RBI) has imposed, by an order dated November 15, 2022, a monetary penalty of ₹3.00 lakh (Rupees Three Lakh only) on The Parwanoo Urban Co-operative Bank Limited, Parwanoo, Himachal Pradesh (the bank) for contravention of section 35A and section 36 (1) (a) read with section 56 of the Banking Regulation Act, 1949 as the bank failed to comply with specific directions issued to it by RBI under Supervisory Action Framework (SAF). This penalty has
ನವೆಂ 14, 2022
RBI imposes monetary penalty on The Santrampur Urban Co-operative Bank Ltd., Santrampur, district Mahisagar (Gujarat)
The Reserve Bank of India (RBI) has, by an Order dated November 09, 2022, imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The Santrampur Urban Co-operative Bank Ltd., Santrampur, district Mahisagar (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Maintenance of Statutory Reserves – Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) by Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of po
The Reserve Bank of India (RBI) has, by an Order dated November 09, 2022, imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The Santrampur Urban Co-operative Bank Ltd., Santrampur, district Mahisagar (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Maintenance of Statutory Reserves – Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) by Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of po
ನವೆಂ 14, 2022
RBI imposes monetary penalty on Osmanabad Janata Sahakari Bank Ltd., Osmanabad (Maharashtra)
The Reserve Bank of India (RBl) has imposed, by an order dated November 09, 2022, a monetary penalty of ₹2.50 lakh (Rupees Two lakh fifty thousand only) on Osmanabad Janata Sahakari Bank Ltd., Osmanabad, Maharashtra (the bank) for contravention of/ non-compliance with the directions issued by the RBI to Urban Co-operative Banks 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) re
The Reserve Bank of India (RBl) has imposed, by an order dated November 09, 2022, a monetary penalty of ₹2.50 lakh (Rupees Two lakh fifty thousand only) on Osmanabad Janata Sahakari Bank Ltd., Osmanabad, Maharashtra (the bank) for contravention of/ non-compliance with the directions issued by the RBI to Urban Co-operative Banks 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) re
ನವೆಂ 14, 2022
RBI imposes monetary penalty on The Jamshedpur Urban Cooperative Bank Ltd., Jamshedpur, Jharkhand
The Reserve Bank of India (RBI) has imposed, by an order dated November 10, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Jamshedpur Urban Cooperative Bank Ltd., Jamshedpur, Jharkhand (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 under the Supervisory Action Framework (SAF). This penalty has been imposed in exercise of powers vested in R
The Reserve Bank of India (RBI) has imposed, by an order dated November 10, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Jamshedpur Urban Cooperative Bank Ltd., Jamshedpur, Jharkhand (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 under the Supervisory Action Framework (SAF). This penalty has been imposed in exercise of powers vested in R
ನವೆಂ 14, 2022
RBI imposes monetary penalty on Krishna Mercantile Co-operative Bank Ltd., Bhopal (M.P.)
The Reserve Bank of India (RBl) has imposed, by an order dated November 09, 2022, a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on Krishna Mercantile Co-operative Bank Ltd., Bhopal (M.P.) (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. 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 09, 2022, a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on Krishna Mercantile Co-operative Bank Ltd., Bhopal (M.P.) (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. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47
ನವೆಂ 14, 2022
RBI imposes monetary penalty on Jila Sahakari Kendriya Bank Maryadit, Balaghat (M.P)
The Reserve Bank of India (RBl) has imposed, by an order dated November 11, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Jila Sahakari Kendriya Bank Maryadit, Balaghat (M.P) (the bank) for contravention of/ non-compliance with the provisions of the Banking Regulation Act, 1949 (the Act) and directions issued by NABARD on ‘Frauds - Guidelines for Classification, Reporting and Monitoring’. This penalty has been imposed in exercise of powers vested in
The Reserve Bank of India (RBl) has imposed, by an order dated November 11, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Jila Sahakari Kendriya Bank Maryadit, Balaghat (M.P) (the bank) for contravention of/ non-compliance with the provisions of the Banking Regulation Act, 1949 (the Act) and directions issued by NABARD on ‘Frauds - Guidelines for Classification, Reporting and Monitoring’. This penalty has been imposed in exercise of powers vested in
ನವೆಂ 14, 2022
RBI imposes monetary penalty on The Nawanagar Co-operative Bank Ltd., Jamnagar (Gujarat)
The Reserve Bank of India (RBI) has imposed, by an order dated November 09, 2022, a monetary penalty of ₹25,000/- (Rupees Twenty-Five Thousand only) on The Nawanagar Co-operative Bank Ltd., Jamnagar (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) re
The Reserve Bank of India (RBI) has imposed, by an order dated November 09, 2022, a monetary penalty of ₹25,000/- (Rupees Twenty-Five Thousand only) on The Nawanagar Co-operative Bank Ltd., Jamnagar (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) re
ನವೆಂ 14, 2022
RBI imposes monetary penalty on The Kendrapara Urban Co-operative Bank Ltd., Kendrapara, Odisha
The Reserve Bank of India (RBI) has imposed, by an order dated November 10, 2022, a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on The Kendrapara Urban Co-operative Bank Ltd., Kendrapara, Odisha (the bank) for contravention of/ non-compliance with the directions issued by RBI on the Depositor Education and Awareness Fund. 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 November 10, 2022, a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on The Kendrapara Urban Co-operative Bank Ltd., Kendrapara, Odisha (the bank) for contravention of/ non-compliance with the directions issued by RBI on the Depositor Education and Awareness Fund. 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 (
ನವೆಂ 14, 2022
RBI imposes monetary penalty on The Berhampur Cooperative Urban Bank Ltd., Odisha
The Reserve Bank of India (RBI) has imposed, by an order dated November 10, 2022, a monetary penalty of ₹3.10 lakh (Rupees Three lakh and Ten thousand only) on The Berhampur Cooperative Urban Bank Ltd. (the bank) for contravention of/ non-compliance with the directions issued by Reserve Bank of India (RBI) on (i) Exposure Norms and Statutory/Other Restrictions-UCBs (ii) certain provisions of the Reserve Bank of India – (Know Your Customer (KYC) Direction, 2016 and (ii
The Reserve Bank of India (RBI) has imposed, by an order dated November 10, 2022, a monetary penalty of ₹3.10 lakh (Rupees Three lakh and Ten thousand only) on The Berhampur Cooperative Urban Bank Ltd. (the bank) for contravention of/ non-compliance with the directions issued by Reserve Bank of India (RBI) on (i) Exposure Norms and Statutory/Other Restrictions-UCBs (ii) certain provisions of the Reserve Bank of India – (Know Your Customer (KYC) Direction, 2016 and (ii
ನವೆಂ 14, 2022
RBI imposes monetary penalty on Renuka Nagarik Sahakari Bank Maryadit, Ambikapur (Chhattisgarh)
The Reserve Bank of India (RBl) has imposed, by an order dated November 09, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Renuka Nagarik Sahakari Bank Maryadit, Ambikapur (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 and Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI und
The Reserve Bank of India (RBl) has imposed, by an order dated November 09, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Renuka Nagarik Sahakari Bank Maryadit, Ambikapur (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 and Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI und
ನವೆಂ 07, 2022
RBI imposes monetary penalty on Pragati Mahila Nagarik Sahakari Bank Maryadit, Bhilai (Chhattisgarh)
The Reserve Bank of India (RBl) has imposed, by an order dated November 04, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Pragati Mahila Nagarik Sahakari Bank Maryadit, Bhilai (Chhattisgarh) (the bank) for contravention of/ non-compliance with the directions issued by the RBI to Urban Co-operative Banks on “Exposure Norms and Statutory / Other Restrictions – UCBs”. This penalty has been imposed in exercise of powers vested in RBI under the provision
The Reserve Bank of India (RBl) has imposed, by an order dated November 04, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Pragati Mahila Nagarik Sahakari Bank Maryadit, Bhilai (Chhattisgarh) (the bank) for contravention of/ non-compliance with the directions issued by the RBI to Urban Co-operative Banks on “Exposure Norms and Statutory / Other Restrictions – UCBs”. This penalty has been imposed in exercise of powers vested in RBI under the provision
ಅಕ್ಟೋ 31, 2022
RBI imposes monetary penalty on The City Co-operative Bank Ltd., Mysore, Karnataka
The Reserve Bank of India (RBI) has imposed, by an order dated October 20, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The City Co-operative Bank Ltd., Mysore, Karnataka (the bank) for non-adherence / violation of directions issued under 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 Section 56 of the Banking Regulation Act
The Reserve Bank of India (RBI) has imposed, by an order dated October 20, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The City Co-operative Bank Ltd., Mysore, Karnataka (the bank) for non-adherence / violation of directions issued under 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 Section 56 of the Banking Regulation Act
ಅಕ್ಟೋ 31, 2022
RBI imposes monetary penalty on The Mysore Merchants Co-operative Bank Ltd., Mysore, Karnataka
The Reserve Bank of India (RBI) has imposed, by an order dated October 20, 2022, a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on The Mysore Merchants Co-operative Bank Ltd., Mysore, Karnataka (the bank) for non-adherence / violation of directions issued under 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 Section 56 of the Banking R
The Reserve Bank of India (RBI) has imposed, by an order dated October 20, 2022, a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on The Mysore Merchants Co-operative Bank Ltd., Mysore, Karnataka (the bank) for non-adherence / violation of directions issued under 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 Section 56 of the Banking R
ಅಕ್ಟೋ 31, 2022
RBI imposes monetary penalty on LIC Housing Finance Limited, Mumbai
The Reserve Bank of India (RBI) has, by an order dated October 21, 2022, imposed a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on LIC Housing Finance Limited, Mumbai (the company) for non-compliance with certain provisions of “The Housing Finance Companies (NHB) Directions, 2010” issued by the National Housing Bank (NHB) on July 02, 2018 read with the press release dated August 13, 2019 issued by the Reserve Bank of India (the Bank) on “Transfer of Regulati
The Reserve Bank of India (RBI) has, by an order dated October 21, 2022, imposed a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on LIC Housing Finance Limited, Mumbai (the company) for non-compliance with certain provisions of “The Housing Finance Companies (NHB) Directions, 2010” issued by the National Housing Bank (NHB) on July 02, 2018 read with the press release dated August 13, 2019 issued by the Reserve Bank of India (the Bank) on “Transfer of Regulati
ಅಕ್ಟೋ 31, 2022
RBI imposes Monetary Penalty on Vakrangee Limited
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1,76,00,000 (Rupees One Crore and Seventy Six Lakh only) on Vakrangee Limited (the entity) for non-compliance with certain provisions of the White Label ATM (WLA) directions. The penalty has been imposed in exercise of powers vested in RBI under Section 30 of the Payment and Settlement Systems Act, 2007 (PSS Act). This action is based on deficiencies in regulatory compliance and is not intended to pron
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1,76,00,000 (Rupees One Crore and Seventy Six Lakh only) on Vakrangee Limited (the entity) for non-compliance with certain provisions of the White Label ATM (WLA) directions. The penalty has been imposed in exercise of powers vested in RBI under Section 30 of the Payment and Settlement Systems Act, 2007 (PSS Act). This action is based on deficiencies in regulatory compliance and is not intended to pron
ಅಕ್ಟೋ 31, 2022
RBI imposes monetary penalty on The Pratap Co-operative Bank Ltd., Mumbai
The Reserve Bank of India (RBI) has, by an order dated October 17, 2022, imposed a monetary penalty of ₹6 lakh (Rupees Six lakh only) on The Pratap Co-operative Bank Ltd., Mumbai (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) of the Banking Regulat
The Reserve Bank of India (RBI) has, by an order dated October 17, 2022, imposed a monetary penalty of ₹6 lakh (Rupees Six lakh only) on The Pratap Co-operative Bank Ltd., Mumbai (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) of the Banking Regulat
ಅಕ್ಟೋ 31, 2022
RBI imposes monetary penalty on Nagar Sahakari Bank Ltd., Maharajganj, UP
The Reserve Bank of India (RBI) has imposed, by an order dated October 27, 2022, a monetary penalty of ₹4.00 lakh (Rupees Four Lakh only) on Nagar Sahakari Bank Ltd., Maharajganj, UP (the bank) for non-compliance with directions issued under Supervisory Action Framework (SAF) 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) and Section 56 of the Banking Regulation Act, 1
The Reserve Bank of India (RBI) has imposed, by an order dated October 27, 2022, a monetary penalty of ₹4.00 lakh (Rupees Four Lakh only) on Nagar Sahakari Bank Ltd., Maharajganj, UP (the bank) for non-compliance with directions issued under Supervisory Action Framework (SAF) 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) and Section 56 of the Banking Regulation Act, 1
ಅಕ್ಟೋ 31, 2022
RBI imposes monetary penalty on The Jammu and Kashmir State Co-operative Bank Limited, Srinagar, Jammu and Kashmir
The Reserve Bank of India (RBI) has imposed, by an order dated October 28, 2022, a monetary penalty of ₹30.00 lakh (Rupees Thirty Lakh only) on The Jammu and Kashmir State Co-operative Bank Limited, Srinagar, Jammu and Kashmir (the bank) for non-compliance with RBI directions on ‘Income Recognition, Assets Classification, Provisioning and Other Related Matters’. 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 October 28, 2022, a monetary penalty of ₹30.00 lakh (Rupees Thirty Lakh only) on The Jammu and Kashmir State Co-operative Bank Limited, Srinagar, Jammu and Kashmir (the bank) for non-compliance with RBI directions on ‘Income Recognition, Assets Classification, Provisioning and Other Related Matters’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1)
ಅಕ್ಟೋ 31, 2022
Reserve Bank of India imposes monetary penalty on Banda Urban Co-operative Bank Ltd., Banda, U.P
The Reserve Bank of India (RBI) has imposed, by an order dated October 27, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on the Banda Urban Co-operative Bank Ltd., Banda, U.P (the bank) for contravention of 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 56 of the
The Reserve Bank of India (RBI) has imposed, by an order dated October 27, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on the Banda Urban Co-operative Bank Ltd., Banda, U.P (the bank) for contravention of 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 56 of the
ಅಕ್ಟೋ 17, 2022
RBI imposes monetary penalty on The Rajgurunagar Sahakari Bank Limited, Pune
The Reserve Bank of India (RBI) has imposed, by an order dated October 14, 2022, a monetary penalty of ₹4.00 lakh (Rupees Four lakh only) on The Rajgurunagar Sahakari Bank Limited, Pune (the bank) for contravention of the directions issued by the Reserve Bank of India (RBI) on Interest Rate on Deposits. 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 Banki
The Reserve Bank of India (RBI) has imposed, by an order dated October 14, 2022, a monetary penalty of ₹4.00 lakh (Rupees Four lakh only) on The Rajgurunagar Sahakari Bank Limited, Pune (the bank) for contravention of the directions issued by the Reserve Bank of India (RBI) on Interest Rate on Deposits. 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 Banki
ಅಕ್ಟೋ 17, 2022
RBI imposes monetary penalty on The Meghraj Nagarik Sahakari Bank Ltd., Aravalli (Gujarat)
The Reserve Bank of India (RBI) has imposed, by an order dated October 13, 2022, a monetary penalty of ₹25,000/- (Rupees Twenty Five Thousand only) on The Meghraj Nagarik Sahakari Bank Ltd., Aravalli (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 RBI under the provisions of Section 47 A (1) (c) read
The Reserve Bank of India (RBI) has imposed, by an order dated October 13, 2022, a monetary penalty of ₹25,000/- (Rupees Twenty Five Thousand only) on The Meghraj Nagarik Sahakari Bank Ltd., Aravalli (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 RBI under the provisions of Section 47 A (1) (c) read
ಅಕ್ಟೋ 17, 2022
RBI imposes monetary penalty on The Co-operative Bank of Rajkot Ltd., Rajkot (Gujarat)
The Reserve Bank of India (RBI) has imposed, by an order dated October 13, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Co-operative Bank of Rajkot Ltd., Rajkot (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 imposed, by an order dated October 13, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Co-operative Bank of Rajkot Ltd., Rajkot (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
ಅಕ್ಟೋ 17, 2022
RBI imposes monetary penalty on The Gandhidham Mercantile Co-operative Bank Ltd., Gandhidham, Dist. Kutch (Gujarat)
The Reserve Bank of India (RBI) has imposed, by an order dated October 13, 2022, a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Gandhidham Mercantile Co-operative Bank Ltd., Gandhidham, Dist. Kutch (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’
The Reserve Bank of India (RBI) has imposed, by an order dated October 13, 2022, a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Gandhidham Mercantile Co-operative Bank Ltd., Gandhidham, Dist. Kutch (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’
ಅಕ್ಟೋ 10, 2022
RBI imposes monetary penalty on The Kerala State Co-operative Bank Ltd., Thiruvananthapuram
The Reserve Bank of India (RBI) has, by an order dated October 03, 2022, imposed a monetary penalty of ₹48.00 lakh (Rupees Forty-Eight Lakh only) on The Kerala State Co-operative Bank Ltd., Thiruvananthapuram (the bank) for non-compliance with the provisions of section 19 read with section 56 of Banking Regulation Act, 1949 (the Act) and directions issued by RBI on ‘Gold Loan - Bullet Repayment’. This penalty has been imposed in exercise of powers conferred on RBI und
The Reserve Bank of India (RBI) has, by an order dated October 03, 2022, imposed a monetary penalty of ₹48.00 lakh (Rupees Forty-Eight Lakh only) on The Kerala State Co-operative Bank Ltd., Thiruvananthapuram (the bank) for non-compliance with the provisions of section 19 read with section 56 of Banking Regulation Act, 1949 (the Act) and directions issued by RBI on ‘Gold Loan - Bullet Repayment’. This penalty has been imposed in exercise of powers conferred on RBI und
ಅಕ್ಟೋ 03, 2022
RBI imposes monetary penalty on The Lunawada Peoples Co-operative Bank Ltd., Mahisagar (Gujarat)
The Reserve Bank of India (RBI) has imposed, by an order dated September 27, 2022, a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Lunawada Peoples Co-operative Bank Ltd., Mahisagar (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’. This penalty
The Reserve Bank of India (RBI) has imposed, by an order dated September 27, 2022, a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Lunawada Peoples Co-operative Bank Ltd., Mahisagar (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’. This penalty
ಅಕ್ಟೋ 03, 2022
RBI imposes monetary penalty on Rajarambapu Sahakari Bank Ltd. Peth, Sangli
The Reserve Bank of India (RBI) has, by an order dated September 26, 2022, imposed a monetary penalty of ₹28.00 lakh (Rupees Twenty-eight lakh only) on Rajarambapu Sahakari Bank Ltd. Peth, Sangli (the bank) for non-compliance with RBI directions on ‘Customer Protection - Limiting Liability of Customers of Co-operative Banks in Unauthorised Electronic Banking Transactions’ and on ‘Interest Rate on Deposits’. This penalty has been imposed in exercise of powers vested in
The Reserve Bank of India (RBI) has, by an order dated September 26, 2022, imposed a monetary penalty of ₹28.00 lakh (Rupees Twenty-eight lakh only) on Rajarambapu Sahakari Bank Ltd. Peth, Sangli (the bank) for non-compliance with RBI directions on ‘Customer Protection - Limiting Liability of Customers of Co-operative Banks in Unauthorised Electronic Banking Transactions’ and on ‘Interest Rate on Deposits’. This penalty has been imposed in exercise of powers vested in
ಅಕ್ಟೋ 03, 2022
RBI imposes monetary penalty on Nagpur Nagarik Sahakari Bank Ltd., Nagpur
The Reserve Bank of India (RBI) has, by an order dated September 27, 2022, imposed a monetary penalty of ₹18.50 lakh (Rupees Eighteen Lakh Fifty Thousand only) on Nagpur Nagarik Sahakari Bank Ltd., Nagpur (the bank) for non-compliance with RBI directions 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 RBI conferred under section 47 A (1) (c) read with sections 46 (4
The Reserve Bank of India (RBI) has, by an order dated September 27, 2022, imposed a monetary penalty of ₹18.50 lakh (Rupees Eighteen Lakh Fifty Thousand only) on Nagpur Nagarik Sahakari Bank Ltd., Nagpur (the bank) for non-compliance with RBI directions 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 RBI conferred under section 47 A (1) (c) read with sections 46 (4
ಅಕ್ಟೋ 03, 2022
RBI imposes monetary penalty on Vasai Vikas Sahakari Bank Ltd., Vasai
The Reserve Bank of India (RBI) has, by an order dated September 29, 2022, imposed a monetary penalty of ₹20.00 lakh (Rupees Twenty lakh only) on Vasai Vikas Sahakari Bank Ltd., Vasai, Maharashtra (the bank) for non-compliance with RBI directions on ‘Frauds monitoring and reporting mechanism’. 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 the Banking Regulation Act, 1949 (
The Reserve Bank of India (RBI) has, by an order dated September 29, 2022, imposed a monetary penalty of ₹20.00 lakh (Rupees Twenty lakh only) on Vasai Vikas Sahakari Bank Ltd., Vasai, Maharashtra (the bank) for non-compliance with RBI directions on ‘Frauds monitoring and reporting mechanism’. 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 the Banking Regulation Act, 1949 (
ಸೆಪ್ಟೆಂ 26, 2022
RBI imposes monetary penalty on Hissar Urban Cooperative Bank Ltd., Hisar
The Reserve Bank of India (RBI) has imposed, by an order dated September 23, 2022, a monetary penalty of ₹3.00 lakh (Rupees Three Lakh only) on the Hissar Urban Cooperative Bank Ltd., Hisar (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 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Bank
The Reserve Bank of India (RBI) has imposed, by an order dated September 23, 2022, a monetary penalty of ₹3.00 lakh (Rupees Three Lakh only) on the Hissar Urban Cooperative Bank Ltd., Hisar (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 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Bank
ಸೆಪ್ಟೆಂ 26, 2022
RBI imposes monetary penalty on Talod Nagrik Sahkari Bank Ltd., Sabarkantha (Gujarat)
The Reserve Bank of India (RBI) has imposed, by an order dated September 22, 2022, a monetary penalty of ₹0.25 lakh (Rupees Twenty Five Thousand only) on The Talod Nagarik Sahakari Bank Ltd., Sabarkantha (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) (
The Reserve Bank of India (RBI) has imposed, by an order dated September 22, 2022, a monetary penalty of ₹0.25 lakh (Rupees Twenty Five Thousand only) on The Talod Nagarik Sahakari Bank Ltd., Sabarkantha (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) (
ಸೆಪ್ಟೆಂ 26, 2022
RBI imposes monetary penalty on The Varachha Co-operative Bank Ltd., Surat (Gujarat)
The Reserve Bank of India (RBI) has, by an Order dated September 16, 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 directions issued by RBI on ‘Loans and advances to directors etc- directors as surety/guarantors- Clarification-UCBs’. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read with S
The Reserve Bank of India (RBI) has, by an Order dated September 16, 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 directions issued by RBI on ‘Loans and advances to directors etc- directors as surety/guarantors- Clarification-UCBs’. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read with S
ಸೆಪ್ಟೆಂ 26, 2022
RBI imposes monetary penalty on Shree Parswanath Co-operative Bank Ltd., Rajkot (Gujarat)
The Reserve Bank of India (RBI) has, by an Order dated September 21, 2022, imposed a monetary penalty of ₹0.25 lakh (Rupees Twenty Five thousand only) on Shree Parswanath Co-operative Bank Ltd., Rajkot (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Loans and advances to directors etc- directors as surety/guarantors- Clarification-UCBs’. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1
The Reserve Bank of India (RBI) has, by an Order dated September 21, 2022, imposed a monetary penalty of ₹0.25 lakh (Rupees Twenty Five thousand only) on Shree Parswanath Co-operative Bank Ltd., Rajkot (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Loans and advances to directors etc- directors as surety/guarantors- Clarification-UCBs’. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1
ಸೆಪ್ಟೆಂ 26, 2022
RBI imposes monetary penalty on Shree Botad Mercantile Co-operative Bank Ltd., Botad (Gujarat)
The Reserve Bank of India (RBI) has imposed, by an order dated September 22, 2022, a monetary penalty of ₹0.25 lakh (Rupees Twenty Five Thousand only) on Shree Botad Mercantile Co-operative Bank Ltd., Botad (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
The Reserve Bank of India (RBI) has imposed, by an order dated September 22, 2022, a monetary penalty of ₹0.25 lakh (Rupees Twenty Five Thousand only) on Shree Botad Mercantile Co-operative Bank Ltd., Botad (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
ಸೆಪ್ಟೆಂ 26, 2022
RBI imposes monetary penalty on The Andaman & Nicobar State Co-operative Bank Ltd
The Reserve Bank of India (RBI) has imposed, by an order dated September 22, 2022, a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on The Andaman & Nicobar State Co-operative Bank Ltd. (the bank) for contravention of/non-compliance with the provisions of Section 20 read with Section 56 of BR Act, 1949 (AACS). 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 Sect
The Reserve Bank of India (RBI) has imposed, by an order dated September 22, 2022, a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on The Andaman & Nicobar State Co-operative Bank Ltd. (the bank) for contravention of/non-compliance with the provisions of Section 20 read with Section 56 of BR Act, 1949 (AACS). 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 Sect
ಸೆಪ್ಟೆಂ 26, 2022
RBI imposes monetary penalty on Budge Budge Nangi Cooperative Bank Ltd., Budge Budge, West Bengal
The Reserve Bank of India (RBI) has imposed, by an order dated September 22, 2022, a monetary penalty of ₹10,000 (Rupees Ten thousand only) on Budge Budge Nangi Cooperative Bank Ltd., Budge Budge, West Bengal (the bank) for contravention of/ non-compliance 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 S
The Reserve Bank of India (RBI) has imposed, by an order dated September 22, 2022, a monetary penalty of ₹10,000 (Rupees Ten thousand only) on Budge Budge Nangi Cooperative Bank Ltd., Budge Budge, West Bengal (the bank) for contravention of/ non-compliance 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 S
ಸೆಪ್ಟೆಂ 26, 2022
RBI imposes monetary penalty on The Urban Co-operative Bank Ltd., Cuttack, Odisha
The Reserve Bank of India (RBI) has imposed, by an order dated September 22, 2022, a monetary penalty of ₹10,000/- (Rupees Ten thousand only) on The Urban Co-operative Bank Ltd., Cuttack, Odisha (the bank) for contravention of/ non-compliance with the directions issued by RBI on the Depositor Education and Awareness Fund. 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 Sect
The Reserve Bank of India (RBI) has imposed, by an order dated September 22, 2022, a monetary penalty of ₹10,000/- (Rupees Ten thousand only) on The Urban Co-operative Bank Ltd., Cuttack, Odisha (the bank) for contravention of/ non-compliance with the directions issued by RBI on the Depositor Education and Awareness Fund. 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 Sect
ಸೆಪ್ಟೆಂ 26, 2022
RBI imposes monetary penalty on Balitikuri Cooperative Bank Ltd., Balitikuri, West Bengal
The Reserve Bank of India (RBI) has imposed, by an order dated September 22, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Balitikuri Cooperative Bank Ltd., Balitikuri, West Bengal (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
The Reserve Bank of India (RBI) has imposed, by an order dated September 22, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Balitikuri Cooperative Bank Ltd., Balitikuri, West Bengal (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
ಸೆಪ್ಟೆಂ 26, 2022
RBI imposes monetary penalty on The Jalgaon People’s Co-operative Bank Ltd., Jalgaon
The Reserve Bank of India (RBI) has, by an order dated September 20, 2022, imposed a monetary penalty of ₹50.00 lakh (Rupees Fifty Lakh only) on The Jalgaon People’s Co-operative Bank Ltd., Jalgaon, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters’ (IRAC norms), ‘Maintenance of Deposit Accounts’ and ‘Interest Rate on Deposits’. This penalty has been imposed
The Reserve Bank of India (RBI) has, by an order dated September 20, 2022, imposed a monetary penalty of ₹50.00 lakh (Rupees Fifty Lakh only) on The Jalgaon People’s Co-operative Bank Ltd., Jalgaon, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters’ (IRAC norms), ‘Maintenance of Deposit Accounts’ and ‘Interest Rate on Deposits’. This penalty has been imposed
ಸೆಪ್ಟೆಂ 26, 2022
RBI imposes monetary penalty on Bhatpara-Naihati Cooperative Bank Ltd., North 24 Parganas, West Bengal
The Reserve Bank of India (RBI) has imposed, by an order dated September 22, 2022, a monetary penalty of ₹4.00 lakh (Rupees four lakh only) on Bhatpara-Naihati Cooperative Bank Ltd., North 24 Parganas, 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) “Management of Advances – UCBs”. This penalty has been imposed in exercise o
The Reserve Bank of India (RBI) has imposed, by an order dated September 22, 2022, a monetary penalty of ₹4.00 lakh (Rupees four lakh only) on Bhatpara-Naihati Cooperative Bank Ltd., North 24 Parganas, 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) “Management of Advances – UCBs”. This penalty has been imposed in exercise o
ಸೆಪ್ಟೆಂ 19, 2022
RBI imposes monetary penalty on Dr. Ambedkar Nagarik Sahakari Bank Maryadit, Gwalior (M.P)
The Reserve Bank of India (RBI) has imposed, by an order dated September 13, 2022, a monetary penalty of ₹1.50 lakh (Rupees One lakh and Fifty Thousand only) on Dr. Ambedkar Nagarik Sahakari Bank Maryadit, Gwalior (M.P) (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 and Know Your Customer (KYC). This penalty has been imposed in exercise of powers ve
The Reserve Bank of India (RBI) has imposed, by an order dated September 13, 2022, a monetary penalty of ₹1.50 lakh (Rupees One lakh and Fifty Thousand only) on Dr. Ambedkar Nagarik Sahakari Bank Maryadit, Gwalior (M.P) (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 and Know Your Customer (KYC). This penalty has been imposed in exercise of powers ve
ಸೆಪ್ಟೆಂ 19, 2022
RBI imposes monetary penalty on Nagrik Sahakari Bank Maryadit, Vidisha (M.P.)
The Reserve Bank of India (RBI) has imposed, by an order dated September 16, 2022, a monetary penalty of ₹25,000 (Rupees Twenty Five thousand only) on Nagrik Sahakari Bank Maryadit, Vidisha (M.P.) (the bank) for contravention of/ non-compliance with the directions issued by the RBI to Urban Co-operative Banks 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
The Reserve Bank of India (RBI) has imposed, by an order dated September 16, 2022, a monetary penalty of ₹25,000 (Rupees Twenty Five thousand only) on Nagrik Sahakari Bank Maryadit, Vidisha (M.P.) (the bank) for contravention of/ non-compliance with the directions issued by the RBI to Urban Co-operative Banks 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
ಸೆಪ್ಟೆಂ 19, 2022
RBI imposes monetary penalty on Ravi Commercial Urban Co-operative Bank Ltd., Nagpur (Maharashtra)
The Reserve Bank of India (RBI) has imposed, by an order dated September 16, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Ravi Commercial Urban Co-operative Bank Ltd., Nagpur (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 Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016. This penalt
The Reserve Bank of India (RBI) has imposed, by an order dated September 16, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Ravi Commercial Urban Co-operative Bank Ltd., Nagpur (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 Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016. This penalt
ಸೆಪ್ಟೆಂ 12, 2022
RBI imposes monetary penalty on G S Mahanagar Co-operative Bank Limited, Mumbai
The Reserve Bank of India (RBI) has, by an order dated September 08, 2022, imposed a monetary penalty of ₹25.00 lakh (Rupees Twenty-five lakh only) on G S Mahanagar Co-operative Bank Limited, Mumbai, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Maintenance of Deposit Accounts’. 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 Regulat
The Reserve Bank of India (RBI) has, by an order dated September 08, 2022, imposed a monetary penalty of ₹25.00 lakh (Rupees Twenty-five lakh only) on G S Mahanagar Co-operative Bank Limited, Mumbai, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Maintenance of Deposit Accounts’. 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 Regulat
ಸೆಪ್ಟೆಂ 09, 2022
RBI imposes monetary penalty on Industrial Bank of Korea
The Reserve Bank of India (RBI) has, by an order dated September 07, 2022, imposed a monetary penalty of ₹36 lakh (Rupees Thirty-six lakh only) on Industrial Bank of Korea (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) of the Banking Regulation Act
The Reserve Bank of India (RBI) has, by an order dated September 07, 2022, imposed a monetary penalty of ₹36 lakh (Rupees Thirty-six lakh only) on Industrial Bank of Korea (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) of the Banking Regulation Act
ಸೆಪ್ಟೆಂ 09, 2022
RBI imposes monetary penalty on Woori Bank
The Reserve Bank of India (RBI) has, by an order dated September 07, 2022, imposed a monetary penalty of ₹59.10 lakh (Rupees Fifty nine lakh and ten thousand only) on Woori Bank (the bank) for non-compliance with the directions issued by RBI on ‘Creation of a Central Repository of Large Common Exposures - Across Banks’ dated September 11, 2013 read with ‘Central Repository of Information on Large Credits (CRILC) – Revision in Reporting’ dated February 13, 2014 and Res
The Reserve Bank of India (RBI) has, by an order dated September 07, 2022, imposed a monetary penalty of ₹59.10 lakh (Rupees Fifty nine lakh and ten thousand only) on Woori Bank (the bank) for non-compliance with the directions issued by RBI on ‘Creation of a Central Repository of Large Common Exposures - Across Banks’ dated September 11, 2013 read with ‘Central Repository of Information on Large Credits (CRILC) – Revision in Reporting’ dated February 13, 2014 and Res
ಸೆಪ್ಟೆಂ 09, 2022
RBI imposes monetary penalty on Indiabulls Commercial Credit Limited, New Delhi
The Reserve Bank of India (RBI) has, by an order dated September 07, 2022, imposed a monetary penalty of ₹12.35 lakh (Rupees Twelve lakh and thirty-five thousand only) on Indiabulls Commercial Credit Limited, New Delhi (the company) 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 under the provisions of clause (b) of sub-section (1)
The Reserve Bank of India (RBI) has, by an order dated September 07, 2022, imposed a monetary penalty of ₹12.35 lakh (Rupees Twelve lakh and thirty-five thousand only) on Indiabulls Commercial Credit Limited, New Delhi (the company) 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 under the provisions of clause (b) of sub-section (1)
ಸೆಪ್ಟೆಂ 05, 2022
RBI imposes monetary penalty on The Karnataka State Co-operative Apex Bank Ltd., Bengaluru
The Reserve Bank of India (RBI) has, by an order dated August 29, 2022, imposed a monetary penalty of ₹25.00 lakh (Rupees Twenty-Five Lakh only) on The Karnataka State Co-operative Apex Bank Ltd., Bengaluru (the bank) for non-compliance with directions issued by the Reserve Bank of India (RBI) on “Housing Finance”. 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 the Banking
The Reserve Bank of India (RBI) has, by an order dated August 29, 2022, imposed a monetary penalty of ₹25.00 lakh (Rupees Twenty-Five Lakh only) on The Karnataka State Co-operative Apex Bank Ltd., Bengaluru (the bank) for non-compliance with directions issued by the Reserve Bank of India (RBI) on “Housing Finance”. 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 the Banking
ಸೆಪ್ಟೆಂ 05, 2022
RBI imposes monetary penalty on Thane Bharat Sahakari Bank Ltd., Thane, Maharashtra
The Reserve Bank of India (RBI) has, by an order dated August 29, 2022, imposed a monetary penalty of ₹15.00 lakh (Rupees Fifteen Lakh only) on Thane Bharat Sahakari Bank Limited, Thane, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Customer Protection - Limiting Liability of Customers of Co-operative Banks in Unauthorised Electronic Banking Transactions’. This penalty has been imposed in exercise of powers vested in RBI conferred und
The Reserve Bank of India (RBI) has, by an order dated August 29, 2022, imposed a monetary penalty of ₹15.00 lakh (Rupees Fifteen Lakh only) on Thane Bharat Sahakari Bank Limited, Thane, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Customer Protection - Limiting Liability of Customers of Co-operative Banks in Unauthorised Electronic Banking Transactions’. This penalty has been imposed in exercise of powers vested in RBI conferred und
ಸೆಪ್ಟೆಂ 05, 2022
RBI imposes monetary penalty on The Nicholson Co-operative Town Bank Ltd., (No.8), Thanjavur District, Tamil Nadu
The Reserve Bank of India (RBI) has imposed, by an order dated September 01, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The Nicholson Co-operative Town Bank Ltd., (No.8), Thanjavur District, 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 S
The Reserve Bank of India (RBI) has imposed, by an order dated September 01, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The Nicholson Co-operative Town Bank Ltd., (No.8), Thanjavur District, 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 S
ಸೆಪ್ಟೆಂ 05, 2022
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 September 01, 2022, a monetary penalty of ₹10000 (Rupees Ten thousand only) on The Urban Co-operative Bank Ltd., Rourkela (the bank) for contravention of/ non-compliance with the directions issued by RBI on the Depositor Education and Awareness Fund. 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 September 01, 2022, a monetary penalty of ₹10000 (Rupees Ten thousand only) on The Urban Co-operative Bank Ltd., Rourkela (the bank) for contravention of/ non-compliance with the directions issued by RBI on the Depositor Education and Awareness Fund. 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
ಸೆಪ್ಟೆಂ 05, 2022
RBI imposes monetary penalty on the Rani Laxmibai Urban Co-operative Bank Ltd., Jhansi, Uttar Pradesh
The Reserve Bank of India (RBI) has imposed, by an order dated August 29, 2022, a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on the Rani Laxmibai Urban Co-operative Bank Ltd., Jhansi, Uttar Pradesh (the bank) for contravention of section 35A, section 36 (1) (a) 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 impos
The Reserve Bank of India (RBI) has imposed, by an order dated August 29, 2022, a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on the Rani Laxmibai Urban Co-operative Bank Ltd., Jhansi, Uttar Pradesh (the bank) for contravention of section 35A, section 36 (1) (a) 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 impos
ಆಗ 29, 2022
RBI imposes monetary penalty on The Ottapalam Co-operative Urban Bank Ltd., No. F. 1647, Ottapalam, Palakkad District, Kerala
The Reserve Bank of India (RBI) has imposed, by an order dated August 25, 2022, a monetary penalty of ₹5.00 lakh (Rupees five lakh only) on The Ottapalam Co-operative Urban Bank Ltd., No.F. 1647, Ottapalam, Palakkad District, Kerala (the bank) for non-adherence / violation of directions issued under i) Income Recognition, Asset Classification, Provisioning and Other related Matters-UCBs and ii) Know Your Customer (KYC) Guidelines – Primary (Urban) Co-operative Banks.
The Reserve Bank of India (RBI) has imposed, by an order dated August 25, 2022, a monetary penalty of ₹5.00 lakh (Rupees five lakh only) on The Ottapalam Co-operative Urban Bank Ltd., No.F. 1647, Ottapalam, Palakkad District, Kerala (the bank) for non-adherence / violation of directions issued under i) Income Recognition, Asset Classification, Provisioning and Other related Matters-UCBs and ii) Know Your Customer (KYC) Guidelines – Primary (Urban) Co-operative Banks.
ಆಗ 29, 2022
RBI imposes monetary penalty on Bharat Heavy Electricals Employees’ Co-operative Bank Limited, Kailasapuram, Tiruchirappalli, Tamil Nadu
The Reserve Bank of India (RBI) has imposed, by an order dated August 22, 2022, a monetary penalty of ₹10.00 lakh (Rupees Ten lakh only) on Bharat Heavy Electricals Employees’ Co-operative Bank Limited, Kailasapuram, Tiruchirappalli, 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
The Reserve Bank of India (RBI) has imposed, by an order dated August 22, 2022, a monetary penalty of ₹10.00 lakh (Rupees Ten lakh only) on Bharat Heavy Electricals Employees’ Co-operative Bank Limited, Kailasapuram, Tiruchirappalli, 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
ಆಗ 29, 2022
RBI imposes monetary penalty on Kakinada Co-operative Town Bank Ltd, Kakinada, East Godavari District, Andhra Pradesh (Revised)
The Reserve Bank of India (RBI) has imposed, by an order dated August 22, 2022, a monetary penalty of ₹10.00 lakh (Rupees Ten lakh only) on Kakinada Co-operative Town Bank Ltd, Kakinada, East Godavari District, Andhra Pradesh (the bank) for non-adherence / violation of directions issued under Income Recognition, Asset Classification, Provisioning and Other related Matters-UCBs and Establishment of Depositor Education and Awareness Fund. This penalty has been imposed i
The Reserve Bank of India (RBI) has imposed, by an order dated August 22, 2022, a monetary penalty of ₹10.00 lakh (Rupees Ten lakh only) on Kakinada Co-operative Town Bank Ltd, Kakinada, East Godavari District, Andhra Pradesh (the bank) for non-adherence / violation of directions issued under Income Recognition, Asset Classification, Provisioning and Other related Matters-UCBs and Establishment of Depositor Education and Awareness Fund. This penalty has been imposed i
ಆಗ 29, 2022
RBI imposes monetary penalty on The Darussalam Co-operative Urban Bank Ltd., Hyderabad, Telangana
The Reserve Bank of India (RBI) has imposed, by an order dated August 22, 2022, a monetary penalty of ₹10.00 lakh (Rupees Ten lakh only) on The Darussalam Co-operative Urban Bank Ltd., Hyderabad, Telangana (the bank) for non-adherence / violation of directions issued under Income Recognition, Asset Classification, Provisioning and Other related Matters-UCBs and Board of Directors-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisi
The Reserve Bank of India (RBI) has imposed, by an order dated August 22, 2022, a monetary penalty of ₹10.00 lakh (Rupees Ten lakh only) on The Darussalam Co-operative Urban Bank Ltd., Hyderabad, Telangana (the bank) for non-adherence / violation of directions issued under Income Recognition, Asset Classification, Provisioning and Other related Matters-UCBs and Board of Directors-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisi
ಆಗ 29, 2022
RBI imposes monetary penalty on The Visakhapatnam Co-operative Bank Ltd, Visakhapatnam, Andhra Pradesh
The Reserve Bank of India (RBI) has imposed, by an order dated August 25, 2022, a monetary penalty of ₹55.00 lakh (Rupees Fifty five lakh only) on The Visakhapatnam Co-operative Bank Ltd, Visakhapatnam, Andhra Pradesh (the bank) for non-adherence/violation of directions issued under (i) Income Recognition, Asset Classification, Provisioning and Other related Matters-UCBs and (ii) Finance for Housing Schemes-UCBs. This penalty has been imposed in exercise of powers ves
The Reserve Bank of India (RBI) has imposed, by an order dated August 25, 2022, a monetary penalty of ₹55.00 lakh (Rupees Fifty five lakh only) on The Visakhapatnam Co-operative Bank Ltd, Visakhapatnam, Andhra Pradesh (the bank) for non-adherence/violation of directions issued under (i) Income Recognition, Asset Classification, Provisioning and Other related Matters-UCBs and (ii) Finance for Housing Schemes-UCBs. This penalty has been imposed in exercise of powers ves
ಆಗ 29, 2022
RBI imposes monetary penalty on The Nellore Co-operative Urban Bank Limited, Gandhi Nagar, Nellore District, Andhra Pradesh
The Reserve Bank of India (RBI) has imposed, by an order dated August 25, 2022, an aggregate monetary penalty of ₹10.00 lakh (Rupees Ten lakh only) on The Nellore Co-operative Urban Bank Limited, Gandhi Nagar, Nellore District, Andhra Pradesh (the bank) for non-adherence / violation of directions issued under i) prohibition of loans and advances to Directors and their Relatives and Firms / Concerns in which they are interested– UCBs and ii) Exposure Norms and Statutor
The Reserve Bank of India (RBI) has imposed, by an order dated August 25, 2022, an aggregate monetary penalty of ₹10.00 lakh (Rupees Ten lakh only) on The Nellore Co-operative Urban Bank Limited, Gandhi Nagar, Nellore District, Andhra Pradesh (the bank) for non-adherence / violation of directions issued under i) prohibition of loans and advances to Directors and their Relatives and Firms / Concerns in which they are interested– UCBs and ii) Exposure Norms and Statutor
ಆಗ 29, 2022
RBI imposes monetary penalty on The Kendrapara Urban Cooperative Bank, Kendrapara, Odisha
The Reserve Bank of India (RBI) has imposed, by an order dated August 23, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Kendrapara Urban Cooperative Bank, Kendrapara (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 Banking Reg
The Reserve Bank of India (RBI) has imposed, by an order dated August 23, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Kendrapara Urban Cooperative Bank, Kendrapara (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 Banking Reg
ಆಗ 29, 2022
RBI imposes monetary penalty on the National Urban Co-operative Bank Limited, Pratapgarh, Uttar Pradesh
The Reserve Bank of India (RBI) has imposed, by an order dated August 22, 2022, a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on the National Urban Co-operative Bank Limited, Pratapgarh, Uttar Pradesh (the bank) for non-compliance with certain directions issued by RBI contained in the Master Circular DCBR.BPD. (PCB) MC No.12/09.14.000/2015-16 dated July 01, 2015 on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs’. Th
The Reserve Bank of India (RBI) has imposed, by an order dated August 22, 2022, a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on the National Urban Co-operative Bank Limited, Pratapgarh, Uttar Pradesh (the bank) for non-compliance with certain directions issued by RBI contained in the Master Circular DCBR.BPD. (PCB) MC No.12/09.14.000/2015-16 dated July 01, 2015 on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs’. Th
ಆಗ 22, 2022
RBI imposes monetary penalty on M/s Swagatam Marketing Private Limited, Kolkata
The Reserve Bank of India (RBI) has imposed, by an order dated August 16, 2022, a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on M/s Swagatam Marketing Private Limited, Kolkata (the company) for contravention of/ non-compliance with the directions issued by RBI to Non-Banking Financial Company (Non-Systemically Important, Non-Deposit taking) regarding Change in Management. This penalty has been imposed in exercise of powers vested in RBI under clause (b) of
The Reserve Bank of India (RBI) has imposed, by an order dated August 16, 2022, a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on M/s Swagatam Marketing Private Limited, Kolkata (the company) for contravention of/ non-compliance with the directions issued by RBI to Non-Banking Financial Company (Non-Systemically Important, Non-Deposit taking) regarding Change in Management. This penalty has been imposed in exercise of powers vested in RBI under clause (b) of
ಆಗ 18, 2022
RBI imposes monetary penalty on Obopay Mobile Technology India Private Limited
The Reserve Bank of India (RBI) has imposed monetary penalty of ₹5,93,000/- (Rupees five lakh ninety-three thousand only) on Obopay Mobile Technology India Private Limited (the entity) for non-compliance with certain provisions of the Master Directions on Prepaid Payment Instruments (PPIs) dated August 27, 2021 (as updated from time to time) and the Master Direction – Know Your Customer (KYC) Direction, 2016 dated February 25, 2016 (as updated from time to time). The
The Reserve Bank of India (RBI) has imposed monetary penalty of ₹5,93,000/- (Rupees five lakh ninety-three thousand only) on Obopay Mobile Technology India Private Limited (the entity) for non-compliance with certain provisions of the Master Directions on Prepaid Payment Instruments (PPIs) dated August 27, 2021 (as updated from time to time) and the Master Direction – Know Your Customer (KYC) Direction, 2016 dated February 25, 2016 (as updated from time to time). The
ಆಗ 17, 2022
RBI imposes monetary penalty on The Akola Urban Co-operative Bank Ltd., Akola, Maharashtra
The Reserve Bank of India (RBI) has, by an order dated August 10, 2022, imposed a monetary penalty of ₹15.00 lakh (Rupees Fifteen lakh only) on The Akola Urban Co-operative Bank Ltd., Akola, Maharashtra (the bank) for non-compliance with RBI directions on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters- UCBs’ (IRAC norms). This penalty has been imposed in exercise of powers vested in RBI conferred under section 47 A (1) (c) read with
The Reserve Bank of India (RBI) has, by an order dated August 10, 2022, imposed a monetary penalty of ₹15.00 lakh (Rupees Fifteen lakh only) on The Akola Urban Co-operative Bank Ltd., Akola, Maharashtra (the bank) for non-compliance with RBI directions on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters- UCBs’ (IRAC norms). This penalty has been imposed in exercise of powers vested in RBI conferred under section 47 A (1) (c) read with
ಆಗ 08, 2022
RBI imposes monetary penalty on The Goa State Co-operative Bank Ltd., Panaji
The Reserve Bank of India (RBI) has, by an order dated August 01, 2022, imposed a monetary penalty of ₹2.51 lakh (Rupees Two Lakh and Fifty One Thousand only) on The Goa State Co-operative Bank Ltd., Panaji (the bank) for non-compliance with section 9 read with section 56 of the Banking Regulation Act, 1949 (the Act). 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 the Act.
The Reserve Bank of India (RBI) has, by an order dated August 01, 2022, imposed a monetary penalty of ₹2.51 lakh (Rupees Two Lakh and Fifty One Thousand only) on The Goa State Co-operative Bank Ltd., Panaji (the bank) for non-compliance with section 9 read with section 56 of the Banking Regulation Act, 1949 (the Act). 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 the Act.
ಆಗ 08, 2022
RBI imposes monetary penalty on Chhattisgarh Rajya Sahakari Bank Maryadit, Raipur
The Reserve Bank of India (RBI) has, by an order dated August 03, 2022, imposed a monetary penalty of ₹25.00 lakh (Rupees Twenty-Five Lakh only) on Chhattisgarh Rajya Sahakari Bank Maryadit, Raipur (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 conferred on RBI under section 47 A (1) (c) read with sections 46 (4) (i) and 56 of the Bank
The Reserve Bank of India (RBI) has, by an order dated August 03, 2022, imposed a monetary penalty of ₹25.00 lakh (Rupees Twenty-Five Lakh only) on Chhattisgarh Rajya Sahakari Bank Maryadit, Raipur (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 conferred on RBI under section 47 A (1) (c) read with sections 46 (4) (i) and 56 of the Bank
ಆಗ 08, 2022
RBI imposes monetary penalty on Warud Urban Co-operative Bank Ltd., Warud (Maharashtra)
The Reserve Bank of India (RBl) has imposed, by an order dated August 05, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Warud Urban Co-operative Bank Ltd., Warud, 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 and Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI under the provis
The Reserve Bank of India (RBl) has imposed, by an order dated August 05, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Warud Urban Co-operative Bank Ltd., Warud, 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 and Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI under the provis
ಆಗ 08, 2022
RBI imposes monetary penalty on The Mehsana Urban Co-operative Bank Ltd., Mehsana, Gujarat
The Reserve Bank of India (RBI) has, by an order dated August 01, 2022, imposed a monetary penalty of ₹40.00 lakh (Rupees forty lakh only) on The Mehsana Urban Co-operative Bank Ltd., Mehsana, Gujarat (the bank) for non-compliance with certain provisions of the Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016. This penalty has been imposed in exercise of powers vested in RBI conferred under section 47 A (1) (c) read with sections
The Reserve Bank of India (RBI) has, by an order dated August 01, 2022, imposed a monetary penalty of ₹40.00 lakh (Rupees forty lakh only) on The Mehsana Urban Co-operative Bank Ltd., Mehsana, Gujarat (the bank) for non-compliance with certain provisions of the Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016. This penalty has been imposed in exercise of powers vested in RBI conferred under section 47 A (1) (c) read with sections
ಆಗ 08, 2022
RBI imposes monetary penalty on Jila Sahakari Kendriya Bank Maryadit, Chhindwara (M.P.)
The Reserve Bank of India (RBl) has imposed, by an order dated August 05, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Jila Sahakari Kendriya Bank Maryadit, Chhindwara (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 provisio
The Reserve Bank of India (RBl) has imposed, by an order dated August 05, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Jila Sahakari Kendriya Bank Maryadit, Chhindwara (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 provisio
ಆಗ 08, 2022
RBI imposes monetary penalty on Spandana Sphoorty Financial Limited, Hyderabad
The Reserve Bank of India (RBI) has, by an order dated August 05, 2022, imposed a monetary penalty of ₹2.33 crore (Rupees Two Crore Thirty-Three lakh only) on Spandana Sphoorty Financial Limited, Hyderabad (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
The Reserve Bank of India (RBI) has, by an order dated August 05, 2022, imposed a monetary penalty of ₹2.33 crore (Rupees Two Crore Thirty-Three lakh only) on Spandana Sphoorty Financial Limited, Hyderabad (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
ಆಗ 08, 2022
RBI imposes monetary penalty on Garha Co-operative Bank Limited, Guna (M.P.)
The Reserve Bank of India (RBl) has imposed, by an order dated August 04, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Garha Co-operative Bank Limited, Guna (M.P.) (the bank) for contravention of/non-compliance with the directions issued by RBI to Urban Cooperative Banks on Income Recognition and Asset Classification (IRAC). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sect
The Reserve Bank of India (RBl) has imposed, by an order dated August 04, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Garha Co-operative Bank Limited, Guna (M.P.) (the bank) for contravention of/non-compliance with the directions issued by RBI to Urban Cooperative Banks on Income Recognition and Asset Classification (IRAC). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sect
ಆಗ 08, 2022
RBI imposes monetary penalty on The Yavatmal Urban Co-operative Bank Limited, Yavatmal (Maharashtra)
The Reserve Bank of India (RBl) has imposed, by an order dated August 05, 2022, a monetary penalty of ₹3.50 lakh (Rupees Three lakh fifty thousand only) on The Yavatmal Urban Co-operative Bank Limited, Yavatmal (Maharashtra) (the bank) for contravention of/ non-compliance with the directions issued by the RBI to Urban Co-operative Banks 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 August 05, 2022, a monetary penalty of ₹3.50 lakh (Rupees Three lakh fifty thousand only) on The Yavatmal Urban Co-operative Bank Limited, Yavatmal (Maharashtra) (the bank) for contravention of/ non-compliance with the directions issued by the RBI to Urban Co-operative Banks on Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (
ಆಗ 08, 2022
RBI imposes monetary penalty on Indapur Urban Cooperative Bank Ltd., Indapur, Maharashtra
The Reserve Bank of India (RBI) has imposed, by an order dated August 04, 2022, a monetary penalty of ₹7.00 lakh (Rupees Seven lakh only) on Indapur Urban Cooperative Bank Ltd., Indapur, Maharashtra (the bank) for contravention of 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 Section 5
The Reserve Bank of India (RBI) has imposed, by an order dated August 04, 2022, a monetary penalty of ₹7.00 lakh (Rupees Seven lakh only) on Indapur Urban Cooperative Bank Ltd., Indapur, Maharashtra (the bank) for contravention of 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 Section 5
ಆಗ 05, 2022
RBI imposes monetary penalty on Jupiter Capital Private Limited, Bengaluru
The Reserve Bank of India (RBI) has, by an order dated August 03, 2022, imposed a monetary penalty of ₹81.92 lakh (Rupees Eighty one lakh and ninety two thousand only) on Jupiter Capital Private Limited, Bengaluru (the company), for non-compliance with certain provisions of the directions issued by RBI contained in the ‘Non-Banking Financial Company Returns (Reserve Bank) Directions, 2016’ and RBI directions on “Membership of Credit Information Companies (CICs)”. This
The Reserve Bank of India (RBI) has, by an order dated August 03, 2022, imposed a monetary penalty of ₹81.92 lakh (Rupees Eighty one lakh and ninety two thousand only) on Jupiter Capital Private Limited, Bengaluru (the company), for non-compliance with certain provisions of the directions issued by RBI contained in the ‘Non-Banking Financial Company Returns (Reserve Bank) Directions, 2016’ and RBI directions on “Membership of Credit Information Companies (CICs)”. This
ಆಗ 05, 2022
RBI imposes monetary penalty on Indian Bank
The Reserve Bank of India (RBI) has, by an order dated August 03, 2022, imposed a monetary penalty of ₹32 Lakh (Rupees Thirty-two lakh only) on Indian Bank (the bank), for non-compliance with certain provisions of Reserve Bank of India (Fraud classification and reporting by commercial banks and select FIs) 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) and 51
The Reserve Bank of India (RBI) has, by an order dated August 03, 2022, imposed a monetary penalty of ₹32 Lakh (Rupees Thirty-two lakh only) on Indian Bank (the bank), for non-compliance with certain provisions of Reserve Bank of India (Fraud classification and reporting by commercial banks and select FIs) 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) and 51
ಜುಲೈ 28, 2022
RBI imposes monetary penalty on Mangaldai Nagar Samabai Bank Limited, Mangaldai (Assam)
The Reserve Bank of India (RBI) has imposed, by an Order dated July 28, 2022, a monetary penalty of ₹50,000 (Rupees Fifty Thousand only) on Mangaldai Nagar Samabai Bank Limited, Mangaldai (the bank), for non-compliance with Know Your Customer (KYC) directions, 2016 issued by RBI. The 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) and Section 56 of the Banking Regulation Act, 1949 (As A
The Reserve Bank of India (RBI) has imposed, by an Order dated July 28, 2022, a monetary penalty of ₹50,000 (Rupees Fifty Thousand only) on Mangaldai Nagar Samabai Bank Limited, Mangaldai (the bank), for non-compliance with Know Your Customer (KYC) directions, 2016 issued by RBI. The 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) and Section 56 of the Banking Regulation Act, 1949 (As A
ಜುಲೈ 28, 2022
RBI imposes monetary penalty on The Moirang Primary Co-operative Bank Ltd., Moirang (Manipur)
The Reserve Bank of India (RBI) has imposed, by an order dated July 28, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Moirang Primary Co-operative Bank Ltd., Moirang (the bank), for non-compliance with Know Your Customer (KYC) directions, 2016 issued by RBI. The 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) and Section 56 of the Banking Regulation Act, 1949 (As
The Reserve Bank of India (RBI) has imposed, by an order dated July 28, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Moirang Primary Co-operative Bank Ltd., Moirang (the bank), for non-compliance with Know Your Customer (KYC) directions, 2016 issued by RBI. The 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) and Section 56 of the Banking Regulation Act, 1949 (As
ಜುಲೈ 28, 2022
RBI imposes monetary penalty on Tura Urban Co-operative Bank Ltd., Tura (Meghalaya)
The Reserve Bank of India (RBI) has imposed, by an order dated July 28, 2022, a monetary penalty of ₹50,000 (Rupees Fifty thousand only) on Tura Urban Co-operative Bank Ltd., Tura (the bank), for non-compliance with Know Your Customer (KYC) directions, 2016 issued by RBI. The 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) and Section 56 of the Banking Regulation Act, 1949 (As Applicabl
The Reserve Bank of India (RBI) has imposed, by an order dated July 28, 2022, a monetary penalty of ₹50,000 (Rupees Fifty thousand only) on Tura Urban Co-operative Bank Ltd., Tura (the bank), for non-compliance with Know Your Customer (KYC) directions, 2016 issued by RBI. The 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) and Section 56 of the Banking Regulation Act, 1949 (As Applicabl
ಜುಲೈ 28, 2022
RBI imposes monetary penalty on The Gauhati Co-operative Urban Bank Limited, Guwahati (Assam)
The Reserve Bank of India (RBI) has imposed, by an Order dated July 28, 2022, a monetary penalty of ₹50,000 (Rupees Fifty Thousand only) on The Gauhati Co-operative Urban Bank Limited, Guwahati (the bank), for non-compliance with Know Your Customer (KYC) directions, 2016 issued by RBI. The 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) and Section 56 of the Banking Regulation Act, 194
The Reserve Bank of India (RBI) has imposed, by an Order dated July 28, 2022, a monetary penalty of ₹50,000 (Rupees Fifty Thousand only) on The Gauhati Co-operative Urban Bank Limited, Guwahati (the bank), for non-compliance with Know Your Customer (KYC) directions, 2016 issued by RBI. The 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) and Section 56 of the Banking Regulation Act, 194
ಜುಲೈ 25, 2022
RBI imposes monetary penalty on Dombivli Nagari Sahakari Bank Ltd., Dombivli
The Reserve Bank of India (RBI) has, by an order dated July 20, 2022, imposed a monetary penalty of ₹45.00 lakh (Rupees forty-five lakh only) on Dombivli Nagari Sahakari Bank Ltd., Dombivli (the bank) for non-compliance with the directions issued by RBI on ‘Frauds monitoring and reporting mechanism’ and ‘Maintenance of Deposit Accounts’. 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)
The Reserve Bank of India (RBI) has, by an order dated July 20, 2022, imposed a monetary penalty of ₹45.00 lakh (Rupees forty-five lakh only) on Dombivli Nagari Sahakari Bank Ltd., Dombivli (the bank) for non-compliance with the directions issued by RBI on ‘Frauds monitoring and reporting mechanism’ and ‘Maintenance of Deposit Accounts’. 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)
ಜುಲೈ 25, 2022
RBI imposes monetary penalty on The United Puri-Nimapara Central Co-operative Bank Ltd., Puri, Odisha
The Reserve Bank of India (RBI) has imposed, by an order dated July 21, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The United Puri-Nimapara Central Co-operative Bank Ltd., (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 Banki
The Reserve Bank of India (RBI) has imposed, by an order dated July 21, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The United Puri-Nimapara Central Co-operative Bank Ltd., (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 Banki
ಜುಲೈ 25, 2022
RBI imposes monetary penalty on Jila Sahakari Kendriya Bank Maryadit, Rajnandgaon (C.G.)
The Reserve Bank of India (RBl) has imposed, by an order dated July 22, 2022, a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on Jila Sahakari Kendriya Bank Maryadit, Rajnandgaon (C.G.) (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
The Reserve Bank of India (RBl) has imposed, by an order dated July 22, 2022, a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on Jila Sahakari Kendriya Bank Maryadit, Rajnandgaon (C.G.) (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
ಜುಲೈ 22, 2022
RBI imposes monetary penalty on Suryoday Small Finance Bank Ltd
The Reserve Bank of India (RBI) has, by an order dated July 20, 2022, imposed a monetary penalty of ₹57.75 lakh (Rupees Fifty-seven lakh seventy-five thousand only) on Suryoday Small Finance Bank Ltd. (the bank) for non-compliance with the ‘Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) directions 2016’ issued by RBI. 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, by an order dated July 20, 2022, imposed a monetary penalty of ₹57.75 lakh (Rupees Fifty-seven lakh seventy-five thousand only) on Suryoday Small Finance Bank Ltd. (the bank) for non-compliance with the ‘Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) directions 2016’ issued by RBI. This penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47 A (
ಜುಲೈ 18, 2022
RBI imposes monetary penalty on Shri Chhatrapati Rajarshi Shahu Urban Co-operative Bank Limited, Beed, (M.H.)
The Reserve Bank of India (RBl) has imposed, by an order dated July 15, 2022, a monetary penalty of ₹6.00 lakh (Rupees Six lakh only) on Shri Chhatrapati Rajarshi Shahu Urban Co-operative Bank Limited, Beed, (M.H.) (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)
The Reserve Bank of India (RBl) has imposed, by an order dated July 15, 2022, a monetary penalty of ₹6.00 lakh (Rupees Six lakh only) on Shri Chhatrapati Rajarshi Shahu Urban Co-operative Bank Limited, Beed, (M.H.) (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)
ಜುಲೈ 12, 2022
RBI imposes Monetary Penalty on Ola Financial Services Private Limited
The Reserve Bank of India (RBI) has imposed monetary penalty of ₹1,67,80,000/- (Rupees one crore sixty seven lakh eighty thousand only) on Ola Financial Services Private Limited (the entity) for non-compliance with certain provisions of the Master Directions on PPIs dated August 27, 2021 (as updated from time to time) and the Master Direction – Know Your Customer (KYC) Direction, 2016 dated February 25, 2016 (as updated from time to time). The penalty has been imposed
The Reserve Bank of India (RBI) has imposed monetary penalty of ₹1,67,80,000/- (Rupees one crore sixty seven lakh eighty thousand only) on Ola Financial Services Private Limited (the entity) for non-compliance with certain provisions of the Master Directions on PPIs dated August 27, 2021 (as updated from time to time) and the Master Direction – Know Your Customer (KYC) Direction, 2016 dated February 25, 2016 (as updated from time to time). The penalty has been imposed
ಜುಲೈ 11, 2022
RBI imposes monetary penalty on The Nasik Merchant's Co-operative Bank Ltd., Nashik
The Reserve Bank of India (RBI) has, by an order dated July 07, 2022, imposed a monetary penalty of ₹50.00 lakh (Rupees fifty lakh only) on The Nasik Merchant's Co-operative Bank Ltd., Nashik (the bank) for non-compliance with the directions issued by RBI on ‘Placement of deposits with other banks’ and ‘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
The Reserve Bank of India (RBI) has, by an order dated July 07, 2022, imposed a monetary penalty of ₹50.00 lakh (Rupees fifty lakh only) on The Nasik Merchant's Co-operative Bank Ltd., Nashik (the bank) for non-compliance with the directions issued by RBI on ‘Placement of deposits with other banks’ and ‘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
ಜುಲೈ 11, 2022
RBI imposes monetary penalty on The National Central Cooperative Bank Ltd., Bettiah, Bihar
The Reserve Bank of India (RBI) has imposed, by an order dated July 08, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The National Central Cooperative Bank Limited, Bettiah (the bank) for contravention of/ non-compliance with the directions issued by RBI on (i) The Depositor Education and Awareness Fund 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) re
The Reserve Bank of India (RBI) has imposed, by an order dated July 08, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The National Central Cooperative Bank Limited, Bettiah (the bank) for contravention of/ non-compliance with the directions issued by RBI on (i) The Depositor Education and Awareness Fund 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) re
ಜುಲೈ 11, 2022
RBI imposes monetary penalty on The Maharashtra State Co-operative Bank Ltd., Mumbai
The Reserve Bank of India (RBI) has, by an order dated July 7, 2022, imposed a monetary penalty of ₹37,50,000/- (Rupees Thirty Seven Lakh and Fifty Thousand only) on The Maharashtra State Co-operative Bank Ltd., Mumbai (the bank) for non-compliance with the directions issued by NABARD on ‘Frauds - Guidelines for Classification, Reporting and Monitoring’. 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 July 7, 2022, imposed a monetary penalty of ₹37,50,000/- (Rupees Thirty Seven Lakh and Fifty Thousand only) on The Maharashtra State Co-operative Bank Ltd., Mumbai (the bank) for non-compliance with the directions issued by NABARD on ‘Frauds - Guidelines for Classification, Reporting and Monitoring’. This penalty has been imposed in exercise of powers vested in RBI conferred under section 47 A (1) (c) read with se
ಜುಲೈ 08, 2022
RBI imposes monetary penalty on Dhani Loans and Services Limited, Gurugram
The Reserve Bank of India (RBI) has, by an order dated July 06, 2022, imposed a monetary penalty of ₹7.60 lakh (Rupees Seven lakh and sixty thousand only) on Dhani Loans and Services Limited, Gurugram (the company) for non-compliance with the "Reserve Bank of India (Know Your Customer (KYC)) 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 July 06, 2022, imposed a monetary penalty of ₹7.60 lakh (Rupees Seven lakh and sixty thousand only) on Dhani Loans and Services Limited, Gurugram (the company) for non-compliance with the "Reserve Bank of India (Know Your Customer (KYC)) 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
ಜುಲೈ 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
ಜುಲೈ 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
ಜುಲೈ 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
ಜುಲೈ 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
ಜುಲೈ 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
ಜುಲೈ 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 (
ಜುಲೈ 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
ಜುಲೈ 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
ಜೂನ್ 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
ಜೂನ್ 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
ಜೂನ್ 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
ಭಾರತೀಯ ರಿಸರ್ವ್ ಬ್ಯಾಂಕ್ ಮೊಬೈಲ್ ಅಪ್ಲಿಕೇಶನ್ ಅನ್ನು ಇನ್ಸ್ಟಾಲ್ ಮಾಡಿ ಮತ್ತು ಇತ್ತೀಚಿನ ಸುದ್ದಿಗಳಿಗೆ ತ್ವರಿತ ಅಕ್ಸೆಸ್ ಪಡೆಯಿರಿ!
ಪೇಜ್ ಕೊನೆಯದಾಗಿ ಅಪ್ಡೇಟ್ ಆದ ದಿನಾಂಕ: ಜುಲೈ 22, 2025
