Press Releases - Enforcement - ଆରବିଆଇ - Reserve Bank of India
ପ୍ରେସ୍ ପ୍ରକାଶନୀ
ସେପ୍ଟେମ୍ବର 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
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ଅଗଷ୍ଟ 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.
ଅଗଷ୍ଟ 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
ଅଗଷ୍ଟ 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
ଅଗଷ୍ଟ 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
ଅଗଷ୍ଟ 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
ଅଗଷ୍ଟ 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
ଅଗଷ୍ଟ 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
ଅଗଷ୍ଟ 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
ଅଗଷ୍ଟ 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
ଅଗଷ୍ଟ 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
ଅଗଷ୍ଟ 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
ଅଗଷ୍ଟ 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.
ଅଗଷ୍ଟ 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
ଅଗଷ୍ଟ 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
ଅଗଷ୍ଟ 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
ଅଗଷ୍ଟ 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
ଅଗଷ୍ଟ 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
ଅଗଷ୍ଟ 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
ଅଗଷ୍ଟ 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 (
ଅଗଷ୍ଟ 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
ଅଗଷ୍ଟ 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
ଅଗଷ୍ଟ 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
ଜୁଲାଇ 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
ଜୁଲାଇ 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
ଜୁଲାଇ 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
ଜୁଲାଇ 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
ଜୁଲାଇ 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)
ଜୁଲାଇ 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
ଜୁଲାଇ 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
ଜୁଲାଇ 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 (
ଜୁଲାଇ 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)
ଜୁଲାଇ 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
ଜୁଲାଇ 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
ଜୁଲାଇ 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
ଜୁଲାଇ 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
ଜୁଲାଇ 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
ଜୁଲାଇ 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
ଜୁଲାଇ 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
ଜୁଲାଇ 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
ଜୁଲାଇ 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
ଜୁଲାଇ 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
ଜୁଲାଇ 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 (
ଜୁଲାଇ 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
ଜୁଲାଇ 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
ଜୁନ 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
ଜୁନ 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
ଜୁନ 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
ଜୁନ 20, 2022
RBI imposes monetary penalty on Jila Sahakari Kendriya Bank Maryadit, Sidhi (M.P.)
The Reserve Bank of India (RBl) has imposed, by an order dated June 16, 2022, a monetary penalty of ₹0.75 lakh (Rupees Seventy Five thousand only) on Jila Sahakari Kendriya Bank Maryadit, Sidhi (M.P.) (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 Reserve Bank of India (RBl) has imposed, by an order dated June 16, 2022, a monetary penalty of ₹0.75 lakh (Rupees Seventy Five thousand only) on Jila Sahakari Kendriya Bank Maryadit, Sidhi (M.P.) (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
ଜୁନ 13, 2022
Reserve Bank of India imposes monetary penalty on Urban Co-operative Bank Ltd., Budaun (U.P.)
The Reserve Bank of India (RBI) has imposed, by an order dated June 07, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on the Urban Co-operative Bank Ltd., Budaun (the bank) for contravention of sub-section (1) of Section 36 and Section 35 A 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 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 June 07, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on the Urban Co-operative Bank Ltd., Budaun (the bank) for contravention of sub-section (1) of Section 36 and Section 35 A 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 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of
ରିଜର୍ଭ ବ୍ୟାଙ୍କ ଅଫ୍ ଇଣ୍ଡିଆ ମୋବାଇଲ୍ ଆପ୍ଲିକେସନ୍ ଇନଷ୍ଟଲ୍ କରନ୍ତୁ ଏବଂ ଲାଟେଷ୍ଟ ନିଉଜ୍ କୁ ଶୀଘ୍ର ଆକ୍ସେସ୍ ପାଆନ୍ତୁ!
ପେଜ୍ ଅନ୍ତିମ ଅପଡେଟ୍ ହୋଇଛି: ଅକ୍ଟୋବର 29, 2024
