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ଫେବୃଆରୀ 28, 2017
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) – Maratha Sahakari Bank Ltd., Mumbai, Maharashtra
Reserve Bank issued Directions under Section 35 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) to Maratha Sahakari Bank Ltd., Mumbai dated August 31, 2016 for a period of 6 months, (i.e. up to February 28, 2017) which was modified vide subsequent Directive dated September 07, 2016. The Directions are valid for a period of six months up to February 28, 2017 subject to review. In terms of the existing Directions, among other conditions,
Reserve Bank issued Directions under Section 35 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) to Maratha Sahakari Bank Ltd., Mumbai dated August 31, 2016 for a period of 6 months, (i.e. up to February 28, 2017) which was modified vide subsequent Directive dated September 07, 2016. The Directions are valid for a period of six months up to February 28, 2017 subject to review. In terms of the existing Directions, among other conditions,
ଫେବୃଆରୀ 27, 2017
RBI imposes penalty on Kaujalgi Urban Cooperative Credit Bank Ltd., Koujalgi, Karnataka
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One lakh only) on Kaujalgi Urban Cooperative Credit Bank Ltd., Koujalgi, Karnataka, in exercise of the powers vested in it under the provisions of Section 47 A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violating Reserve Bank of India’s instructions/guidelines in respect of ‘The Depositor Education and Awareness Fund S
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One lakh only) on Kaujalgi Urban Cooperative Credit Bank Ltd., Koujalgi, Karnataka, in exercise of the powers vested in it under the provisions of Section 47 A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violating Reserve Bank of India’s instructions/guidelines in respect of ‘The Depositor Education and Awareness Fund S
ଫେବୃଆରୀ 23, 2017
RBI imposes penalty on Sahebrao Deshmukh Co-operative Bank Ltd., Mumbai
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one Lakh only) on Sahebrao Deshmukh Co-operative Bank Ltd., Mumbai in exercise of the powers vested in it under the provisions of Section 47A(1) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of instructions/guidelines issued by the Reserve Bank of India relating to opening of on-site ATM. The Reserve Bank of India had i
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one Lakh only) on Sahebrao Deshmukh Co-operative Bank Ltd., Mumbai in exercise of the powers vested in it under the provisions of Section 47A(1) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of instructions/guidelines issued by the Reserve Bank of India relating to opening of on-site ATM. The Reserve Bank of India had i
ଫେବୃଆରୀ 23, 2017
RBI imposes penalty on Progressive Co-operative Bank Ltd., Mumbai
The Reserve Bank of India has imposed a monetary penalty of ₹ 4.00 lakh (Rupees Four lakh only) on Progressive Co-operative Bank Ltd., Mumbai 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 of instructions/guidelines issued by the Reserve Bank of India relating to lending to nominal members, financing an NBFC and KYC nor
The Reserve Bank of India has imposed a monetary penalty of ₹ 4.00 lakh (Rupees Four lakh only) on Progressive Co-operative Bank Ltd., Mumbai 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 of instructions/guidelines issued by the Reserve Bank of India relating to lending to nominal members, financing an NBFC and KYC nor
ଫେବୃଆରୀ 23, 2017
Sovereign Gold Bond Scheme 2016 -17 - Series IV - Issue Price
In terms of Government of India notification F. No. 4(16)-W&M/2016 and RBI circular IDMD.CDD.No.2187/14.04.050/2016-17 dated February 23, 2017, the Sovereign Gold Bond Scheme 2016-17, Series IV will be opened for subscription for the period from February 27, 2017 to March 03, 2017. The nominal value of the bond based on the simple average closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the week precedin
In terms of Government of India notification F. No. 4(16)-W&M/2016 and RBI circular IDMD.CDD.No.2187/14.04.050/2016-17 dated February 23, 2017, the Sovereign Gold Bond Scheme 2016-17, Series IV will be opened for subscription for the period from February 27, 2017 to March 03, 2017. The nominal value of the bond based on the simple average closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the week precedin
ଫେବୃଆରୀ 22, 2017
Minutes of the Monetary Policy Committee Meeting February 7-8, 2017
[Under Section 45ZL of the Reserve Bank of India Act, 1934] The third meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the amended Reserve Bank of India Act, 1934, was held on February 7 and 8, 2017 at the Reserve Bank of India, Mumbai. 2. The meeting was attended by all the members - Dr. Chetan Ghate, Professor, Indian Statistical Institute; Dr. Pami Dua, Director, Delhi School of Economics; and Dr. Ravindra H. Dholakia, Professor, In
[Under Section 45ZL of the Reserve Bank of India Act, 1934] The third meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the amended Reserve Bank of India Act, 1934, was held on February 7 and 8, 2017 at the Reserve Bank of India, Mumbai. 2. The meeting was attended by all the members - Dr. Chetan Ghate, Professor, Indian Statistical Institute; Dr. Pami Dua, Director, Delhi School of Economics; and Dr. Ravindra H. Dholakia, Professor, In
ଫେବୃଆରୀ 20, 2017
RBI extends Directions issued to Rupee Co-operative Bank Ltd., Pune
The Reserve Bank of India vide directive dated February 16, 2017 has extended directions issued to Rupee Co-operative Bank Ltd., Pune, Maharashtra for a further period of six months from February 22, 2017 to August 21, 2017 subject to review. The directions were originally imposed from February 22, 2013 to August 21, 2013 and were extended on six occasions for a period of six months each and twice for a period of three months each. The last extension was for a period
The Reserve Bank of India vide directive dated February 16, 2017 has extended directions issued to Rupee Co-operative Bank Ltd., Pune, Maharashtra for a further period of six months from February 22, 2017 to August 21, 2017 subject to review. The directions were originally imposed from February 22, 2013 to August 21, 2013 and were extended on six occasions for a period of six months each and twice for a period of three months each. The last extension was for a period
ଫେବୃଆରୀ 17, 2017
RBI imposes penalty on Janata Urban Co-operative Bank Ltd., Wai, District Satara
The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two Lakh only) on Janata Urban Co-operative Bank Ltd., Wai, District Satara 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 of the instructions / guidelines of the Reserve Bank of India. During the financial year 2013-14 the bank’s credit exp
The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two Lakh only) on Janata Urban Co-operative Bank Ltd., Wai, District Satara 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 of the instructions / guidelines of the Reserve Bank of India. During the financial year 2013-14 the bank’s credit exp
ଫେବୃଆରୀ 16, 2017
Reserve Bank of India seeks Comments on Draft Circular on Rationalisation of Merchant Discount Rate (MDR) for Debit Card Transactions
The Reserve Bank of India has today placed on its website for public feedback the draft circular on rationalisation of Merchant Discount Rate (MDR) for debit card transactions. The comments/ suggestions/ feedback, if any, may be sent by post to the Chief General Manager, Department of Payment and Settlement Systems, Reserve Bank of India, Central Office Building, 14th Floor, Shahid Bhagat Singh Road, Mumbai - 400 001, or by email on or before February 28, 2017. Recent
The Reserve Bank of India has today placed on its website for public feedback the draft circular on rationalisation of Merchant Discount Rate (MDR) for debit card transactions. The comments/ suggestions/ feedback, if any, may be sent by post to the Chief General Manager, Department of Payment and Settlement Systems, Reserve Bank of India, Central Office Building, 14th Floor, Shahid Bhagat Singh Road, Mumbai - 400 001, or by email on or before February 28, 2017. Recent
ଫେବୃଆରୀ 16, 2017
Pay IT dues in advance at RBI or at authorised bank branches – March 2017
The Reserve Bank of India has appealed to income tax assessees to remit their income tax dues sufficiently in advance of the due date. It has also stated that assessees can use alternate channels like select branches of agency banks or the facility of online payment of taxes offered by these banks. These will obviate the inconvenience involved in standing in long queues at the Reserve Bank offices. It is observed that the rush for remitting Income –Tax dues through th
The Reserve Bank of India has appealed to income tax assessees to remit their income tax dues sufficiently in advance of the due date. It has also stated that assessees can use alternate channels like select branches of agency banks or the facility of online payment of taxes offered by these banks. These will obviate the inconvenience involved in standing in long queues at the Reserve Bank offices. It is observed that the rush for remitting Income –Tax dues through th

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ପେଜ୍ ଅନ୍ତିମ ଅପଡେଟ୍ ହୋଇଛି: ଅଗଷ୍ଟ 01, 2024