The Lunawada Peoples’ Co-operative Bank Ltd., Lunawada, Dist. Mahisagar Imposition of penalty of ₹ 1.00 lakh - ആർബിഐ - Reserve Bank of India
The Lunawada Peoples’ Co-operative Bank Ltd., Lunawada, Dist. Mahisagar Imposition of penalty of ₹ 1.00 lakh
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one Lakh only) on The Lunawada Peoples’ Co-operative Bank Ltd., Lunawada, Dist. Mahisagar (Gujarat) in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation pertaining to issuance of Demand Drafts to a single party on the same day in cash for value just below ₹ 50000/- in circumvention of RBI guidelines. The Reserve Bank of India had issued a Show Cause Notice to the bank, in response to which the bank submitted a written reply. After considering the facts of the case and the bank’s reply as also personal submission in the matter, the Reserve Bank of India came to the conclusion that the violation was substantiated and warranted imposition of penalty. Ajit Prasad Press Release: 2015-2016/2965 |
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റിസർവ് ബാങ്ക് ഓഫ് ഇന്ത്യ മൊബൈൽ ആപ്ലിക്കേഷൻ ഇൻസ്റ്റാൾ ചെയ്ത് ഏറ്റവും പുതിയ വാർത്തകളിലേക്ക് വേഗത്തിലുള്ള ആക്സസ് നേടുക!
