The Reserve Bank of India (RBl) has imposed, by an order dated February 08, 2024, a monetary penalty of ₹0.50 lakh (Rupees Fifty thousand only) on The Anjangaon Surji Nagari Sahakari Bank Limited, Anjangaon Surji, Maharashtra (the bank) for contravention of Directives and specific directions issued by RBI under sections 35(A)(1) and 36(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act), respectively. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of BR Act.

The Reserve Bank of India (RBI) has, by an order dated February 08, 2024 imposed a monetary penalty of ₹2.50 lakh (Rupees Two lakh fifty thousand only) on Pusad Urban Co-operative Bank Ltd., Pusad, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 47A(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 February 08, 2024, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Shillong Co-operative Urban Bank Limited, Meghalaya (the bank) for non-compliance with the directions issued by RBI on ‘Know Your Customer (KYC) Directions, 2016’. This penalty has been imposed in exercise of powers conferred on RBI under Section 47A (1) (c) read with Sections 46(4) (i) and 56 of the Banking Regulation Act, 1949. This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

The 606th meeting of the Central Board of Directors of the Reserve Bank of India was held today at New Delhi under the Chairmanship of Shri Shaktikanta Das, Governor.

The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period January 23 – January 25, 2024.   All Figures are in USD Millions     Position  Date  MERCHANT  INTER BANK  FCY / INR  FCY / FCY  FCY / INR  FCY / FCY   Spot  Forward  Forward  Cancel  Spot  Forward  Forward  Cancel Spot Swap Forward Spot Swap Forward Purchase

The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period January 15 – January 19, 2024.

The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period January 8 – January 12, 2024.

The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period January 1 – January 5, 2024.

The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period December 26 – December 29, 2023.   All Figures are in USD Millions     Position  Date  MERCHANT  INTER BANK  FCY / INR  FCY / FCY  FCY / INR  FCY / FCY   Spot  Forward  Forward  Cancel  Spot  Forward  Forward  Cancel  Spot  Swap  Forward  Spot  Swap  Forward     Purchase

Hon’ble Prime Minister of India, Shri Narendra Modi, Hon’ble Prime Minister of Mauritius, Mr. Pravind Kumar Jugnauth, and Hon’ble President of Sri Lanka Mr. Ranil Wickremesinghe today witnessed the virtual launch of RuPay cards and Unified Payments Interface (UPI) connectivity between India and Mauritius, as well as UPI connectivity between India and Sri Lanka. Reserve Bank of India Governor, Shri Shaktikanta Das, Bank of Mauritius Governor, Mr. Harvesh Seegolam, and Central Bank of Sri Lanka Governor, Dr. P. Nandalal Weerasinghe were also present on the occasion.