Press Releases - Consumer Education and Protection - ଆରବିଆଇ - Reserve Bank of India
ପ୍ରେସ୍ ପ୍ରକାଶନୀ
ଅଗଷ୍ଟ 07, 2019
RBI extends Directions to The Vaish Co-operative Commercial Bank Ltd., New Delhi
The Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), hereby directs that the Directive dated August 28, 2015 issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi, as modified from time to time, the validity of which was last extended upto August 08, 2019, shall continue to apply to the bank for a further period o
The Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), hereby directs that the Directive dated August 28, 2015 issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi, as modified from time to time, the validity of which was last extended upto August 08, 2019, shall continue to apply to the bank for a further period o
ପିଡିଏଫ (
ଅଗଷ୍ଟ 06, 2019
Marginal Cost of Funds Based Lending Rate (MCLR) for the month July 2019
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of July 2019. Ajit Prasad Director (Communications) Press Release : 2019-2020/361
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of July 2019. Ajit Prasad Director (Communications) Press Release : 2019-2020/361
ଅଗଷ୍ଟ 05, 2019
Reserve Bank of India imposes monetary penalty on eleven banks
The Reserve Bank of India (RBI) has, by an order dated July 31, 2019, imposed monetary penalty on eleven banks for non-compliance with certain provisions of “Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) directions 2016”, as detailed below: Sl. No. Name of the bank Amount of penalty (₹ in crore) 1. Bank of Baroda 0.5 2. Corporation Bank 0.5 3. Federal Bank Limited 0.5 4. Indian Overseas Bank 1.0 5. Jammu & Kashmir B
The Reserve Bank of India (RBI) has, by an order dated July 31, 2019, imposed monetary penalty on eleven banks for non-compliance with certain provisions of “Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) directions 2016”, as detailed below: Sl. No. Name of the bank Amount of penalty (₹ in crore) 1. Bank of Baroda 0.5 2. Corporation Bank 0.5 3. Federal Bank Limited 0.5 4. Indian Overseas Bank 1.0 5. Jammu & Kashmir B
ଅଗଷ୍ଟ 05, 2019
The Ojhar Merchants’ Co-operative Bank Ltd., Ojhar, Dist- Nasik Maharashtra - Penalized
The Reserve Bank of India has imposed a monetary penalty of ₹4.00 lakh (Rupees Four Lakh only) on The Ojhar Merchants’ Co-operative Bank Ltd., Ojhar, Dist- Nasik, Maharashtra in exercise of the powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of directives/instructions/guidelines issued by Reserve Bank of India on director related advances
The Reserve Bank of India has imposed a monetary penalty of ₹4.00 lakh (Rupees Four Lakh only) on The Ojhar Merchants’ Co-operative Bank Ltd., Ojhar, Dist- Nasik, Maharashtra in exercise of the powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of directives/instructions/guidelines issued by Reserve Bank of India on director related advances
ଅଗଷ୍ଟ 02, 2019
Reserve Bank of India imposes monetary penalty on Swarna Bharathi Sahakara Bank Niyamitha, Bengaluru
The Reserve Bank of India (RBI) has imposed, by order dated July 25, 2019, monetary penalty of ₹ 10 lakh on Swarna Bharathi Sahakara Bank Niyamitha, Bengaluru (the bank) for non-compliance with directions issued by RBI on ‘collection of third party account payee cheques’. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949, taking into account
The Reserve Bank of India (RBI) has imposed, by order dated July 25, 2019, monetary penalty of ₹ 10 lakh on Swarna Bharathi Sahakara Bank Niyamitha, Bengaluru (the bank) for non-compliance with directions issued by RBI on ‘collection of third party account payee cheques’. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949, taking into account
ଅଗଷ୍ଟ 02, 2019
Reserve Bank of India imposes monetary penalty on Corporation Bank
The Reserve Bank of India (RBI) has imposed, by an order dated July 31, 2019, monetary penalty of ₹ One Crore on Corporation Bank (the bank) for non-compliance with the directions issued by RBI on (i) Cyber Security Framework in Banks and (ii) Frauds Classification and Reporting by commercial banks and select FIs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 51(1) of the Ban
The Reserve Bank of India (RBI) has imposed, by an order dated July 31, 2019, monetary penalty of ₹ One Crore on Corporation Bank (the bank) for non-compliance with the directions issued by RBI on (i) Cyber Security Framework in Banks and (ii) Frauds Classification and Reporting by commercial banks and select FIs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 51(1) of the Ban
ଅଗଷ୍ଟ 02, 2019
Reserve Bank of India imposes monetary penalty on seven banks
The Reserve Bank of India (RBI) has, by an order dated July 31, 2019, imposed monetary penalty on seven banks for non-compliance with certain provisions of directions issued by RBI on “Code of Conduct for Opening and Operating Current Accounts”, “Opening of Current Accounts by Banks - Need for Discipline”, “Discounting/ Rediscounting of Bills by Banks”, “Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) directions 2016”, “E
The Reserve Bank of India (RBI) has, by an order dated July 31, 2019, imposed monetary penalty on seven banks for non-compliance with certain provisions of directions issued by RBI on “Code of Conduct for Opening and Operating Current Accounts”, “Opening of Current Accounts by Banks - Need for Discipline”, “Discounting/ Rediscounting of Bills by Banks”, “Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) directions 2016”, “E
ଅଗଷ୍ଟ 02, 2019
Six NBFCs surrender their Certificate of Registration to RBI
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. Financial Arm India Private Limited D-315, Defence Colony, New Delhi-110 024 14.0
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. Financial Arm India Private Limited D-315, Defence Colony, New Delhi-110 024 14.0
ଅଗଷ୍ଟ 02, 2019
RBI cancels Certificate of Registration of six NBFCs
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sl. No. Name of the Company Registered Office address of the Company CoR No Date of issue of CoR Date of Cancellation of CoR 1. Stuti Tie-Up Private Limited 30, Jadunath Dey Road, Kolkata-700 012 B-05.04218 April 30, 2001 July 04, 2019 2. Jaroli Vincom Private Limited
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sl. No. Name of the Company Registered Office address of the Company CoR No Date of issue of CoR Date of Cancellation of CoR 1. Stuti Tie-Up Private Limited 30, Jadunath Dey Road, Kolkata-700 012 B-05.04218 April 30, 2001 July 04, 2019 2. Jaroli Vincom Private Limited
ଜୁଲାଇ 31, 2019
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - The Kapol Co-operative Bank Ltd., Mumbai, Maharashtra- Extension of period
The Kapol Co-operative Bank Ltd., Mumbai was placed under directions vide directive dated March 30, 2017 from the close of business on March 30, 2017 for a period of six months. The validity of the above directions were extended from time to time upto July 31, 2019 vide directive dated January 24, 2019. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A read w
The Kapol Co-operative Bank Ltd., Mumbai was placed under directions vide directive dated March 30, 2017 from the close of business on March 30, 2017 for a period of six months. The validity of the above directions were extended from time to time upto July 31, 2019 vide directive dated January 24, 2019. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A read w
ଜୁଲାଇ 26, 2019
Directions under Section 35 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) Shri Anand Co-operative Bank Ltd. Chinchwad, Pune, Maharashtra
The Reserve Bank of India is satisfied that in the interest of the public, it is necessary to issue certain directions to Shri Anand Co-operative Bank Ltd. Chinchwad, Pune, Maharashtra. Accordingly, the Reserve Bank of India, in exercise of the powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, hereby directs that Shri Anand Co-
The Reserve Bank of India is satisfied that in the interest of the public, it is necessary to issue certain directions to Shri Anand Co-operative Bank Ltd. Chinchwad, Pune, Maharashtra. Accordingly, the Reserve Bank of India, in exercise of the powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, hereby directs that Shri Anand Co-
ଜୁଲାଇ 25, 2019
Shri Bhausaheb Thorat Amrutvahini Sahakari Bank Ltd., Ghulewadi, Ahmednager - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One Lakh only) on Shri Bhausaheb Thorat Amrutvahini Sahakari Bank Ltd., Ghulewadi, Ahmednager in exercise of the powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of directives/instructions/ guidelines issued by Reserve Bank of India on declaration of dividend by
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One Lakh only) on Shri Bhausaheb Thorat Amrutvahini Sahakari Bank Ltd., Ghulewadi, Ahmednager in exercise of the powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of directives/instructions/ guidelines issued by Reserve Bank of India on declaration of dividend by
ଜୁଲାଇ 19, 2019
Directions under Section 35A of the Banking Regulation Act, 1949 - The Hindu Co-operative Bank Limited, Pathankot, Punjab - Modification
Reserve Bank of India had, in the public interest, issued Directions to The Hindu Co-operative Bank Limited, Pathankot, Punjab in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, from the close of business on March 25, 2019. The Directions are now partially modified. A copy of the modified Directive is displayed at Head Office/ branches/ all other business premises of the bank. Yogesh Dayal
Reserve Bank of India had, in the public interest, issued Directions to The Hindu Co-operative Bank Limited, Pathankot, Punjab in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, from the close of business on March 25, 2019. The Directions are now partially modified. A copy of the modified Directive is displayed at Head Office/ branches/ all other business premises of the bank. Yogesh Dayal
ଜୁଲାଇ 18, 2019
RBI cancels Certificate of Registration of 10 NBFCs
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sl. No. Name of the Company Registered Office address of the Company CoR No Date of issue of CoR Date of Cancellation of CoR 1. Anant Portfolios (P) Ltd. 9/16 A, Pusa Road, New Delhi-110 005 14.01063 August 21, 1998 May 28, 2019 2. Crishpark Vincom Limited 251 G.T. Roa
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sl. No. Name of the Company Registered Office address of the Company CoR No Date of issue of CoR Date of Cancellation of CoR 1. Anant Portfolios (P) Ltd. 9/16 A, Pusa Road, New Delhi-110 005 14.01063 August 21, 1998 May 28, 2019 2. Crishpark Vincom Limited 251 G.T. Roa
ଜୁଲାଇ 17, 2019
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Bhagyodaya Friends Urban Co-operative Bank Ltd. Warud, Dist-Amravati, Maharashtra - Extension of Period
Reserve Bank of India, in the public interest, had issued directions to Bhagyodaya Friends Urban Co-operative Bank Ltd. Warud, Dist-Amravati, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on January 17, 2019. Reserve Bank of India has now further extended the directions for a period of three months from July 18, 2019 to October 17, 2019, sub
Reserve Bank of India, in the public interest, had issued directions to Bhagyodaya Friends Urban Co-operative Bank Ltd. Warud, Dist-Amravati, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on January 17, 2019. Reserve Bank of India has now further extended the directions for a period of three months from July 18, 2019 to October 17, 2019, sub
ଜୁଲାଇ 17, 2019
Marginal Cost of Funds Based Lending Rate (MCLR) for the month June 2019
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of June 2019. Ajit Prasad Director (Communications) Press Release : 2019-2020/175
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of June 2019. Ajit Prasad Director (Communications) Press Release : 2019-2020/175
ଜୁଲାଇ 15, 2019
Reserve Bank of India imposes monetary penalty on State Bank of India
The Reserve Bank of India (RBI) has imposed, by an order dated July 15, 2019, monetary penalty of ₹ 70 million on State Bank of India (the bank) for non-compliance with the directions issued by RBI on (i) Income Recognition and Asset Classification (IRAC) norms (ii) code of conduct for opening and operating current accounts and reporting of data on Central Repository of Information on Large Credits (CRILC), and (iii) fraud risk management and classification and report
The Reserve Bank of India (RBI) has imposed, by an order dated July 15, 2019, monetary penalty of ₹ 70 million on State Bank of India (the bank) for non-compliance with the directions issued by RBI on (i) Income Recognition and Asset Classification (IRAC) norms (ii) code of conduct for opening and operating current accounts and reporting of data on Central Repository of Information on Large Credits (CRILC), and (iii) fraud risk management and classification and report
ଜୁଲାଇ 15, 2019
Reserve Bank of India imposes monetary penalty on Union Bank of India
The Reserve Bank of India (RBI) has, on July 09, 2019, imposed a monetary penalty of ₹ one million on Union Bank of India (the bank) for non-compliance with the directions on cyber security framework in banks issued by RBI. 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 51 (1) of the Banking Regulation Act, 1949. This action is based on deficiencies in regulatory com
The Reserve Bank of India (RBI) has, on July 09, 2019, imposed a monetary penalty of ₹ one million on Union Bank of India (the bank) for non-compliance with the directions on cyber security framework in banks issued by RBI. 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 51 (1) of the Banking Regulation Act, 1949. This action is based on deficiencies in regulatory com
ଜୁଲାଇ 12, 2019
Directions under Section 35A of the Banking Regulation Act, 1949 - United Cooperative Bank Limited, Bagnan, West Bengal - Extension of Period
The Reserve Bank of India, in public interest, had issued Directions to United Co-operative Bank Limited, Bagnan Station Road (North), P.O.– Bagnan, Dist.-Howrah, Pin–711 303, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35A read with section 56 of the Banking Regulation Act, 1949 from the close of business on July 18, 2018, as modified from time to time which was last extended upto July 18, 2019. The Reserve Bank of India has no
The Reserve Bank of India, in public interest, had issued Directions to United Co-operative Bank Limited, Bagnan Station Road (North), P.O.– Bagnan, Dist.-Howrah, Pin–711 303, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35A read with section 56 of the Banking Regulation Act, 1949 from the close of business on July 18, 2018, as modified from time to time which was last extended upto July 18, 2019. The Reserve Bank of India has no
ଜୁଲାଇ 12, 2019
Noble Co-operative Bank Limited, Noida, (U.P.)- Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹1,00,000/- (Rupees One Lakh Only) on Noble Co-operative Bank Limited, Noida, (U.P.) in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of RBI Instructions/Guidelines on classification and reporting of frauds. The Reserve Bank of India had issued a Show Cause Notice to
The Reserve Bank of India has imposed a monetary penalty of ₹1,00,000/- (Rupees One Lakh Only) on Noble Co-operative Bank Limited, Noida, (U.P.) in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of RBI Instructions/Guidelines on classification and reporting of frauds. The Reserve Bank of India had issued a Show Cause Notice to
ରିଜର୍ଭ ବ୍ୟାଙ୍କ ଅଫ୍ ଇଣ୍ଡିଆ ମୋବାଇଲ୍ ଆପ୍ଲିକେସନ୍ ଇନଷ୍ଟଲ୍ କରନ୍ତୁ ଏବଂ ଲାଟେଷ୍ଟ ନିଉଜ୍ କୁ ଶୀଘ୍ର ଆକ୍ସେସ୍ ପାଆନ୍ତୁ!
ପେଜ୍ ଅନ୍ତିମ ଅପଡେଟ୍ ହୋଇଛି: ଜୁନ 21, 2024
