Press Releases - Enforcement - ਆਰਬੀਆਈ - Reserve Bank of India
ਪ੍ਰੈਸ ਰਿਲੀਜ਼
ਜੂਨ 12, 2023
RBI imposes monetary penalty on Telangana State Cooperative Apex Bank Limited, Hyderabad
The Reserve Bank of India (RBI) has, by an order dated June 05, 2023, imposed a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on Telangana State Cooperative Apex Bank Limited, Hyderabad (the bank), for contravention of the provisions of section 26 A (2) read with section 56 of the Banking Regulation Act, 1949 (BR Act). 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 BR A
The Reserve Bank of India (RBI) has, by an order dated June 05, 2023, imposed a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on Telangana State Cooperative Apex Bank Limited, Hyderabad (the bank), for contravention of the provisions of section 26 A (2) read with section 56 of the Banking Regulation Act, 1949 (BR Act). 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 BR A
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ਜੂਨ 12, 2023
RBI imposes monetary penalty on The Bihar State Co-operative Bank Limited, Patna
The Reserve Bank of India (RBI) has, by an order dated June 05, 2023, imposed a monetary penalty of ₹60.20 lakh (Rupees Sixty Lakh and Twenty Thousand only) on The Bihar State Co-operative Bank Limited, Patna (the bank), for ─ contravention of the provisions of sections 24(3), 26 and 27(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act) and the Banking Regulation (Co-operative Societies) Rules, 1966 (BR Rules); non-compliance with the Reserve Bank of
The Reserve Bank of India (RBI) has, by an order dated June 05, 2023, imposed a monetary penalty of ₹60.20 lakh (Rupees Sixty Lakh and Twenty Thousand only) on The Bihar State Co-operative Bank Limited, Patna (the bank), for ─ contravention of the provisions of sections 24(3), 26 and 27(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act) and the Banking Regulation (Co-operative Societies) Rules, 1966 (BR Rules); non-compliance with the Reserve Bank of
ਜੂਨ 12, 2023
Reserve Bank of India imposes monetary penalty on Jowai Cooperative Urban Bank Limited, Meghalaya
The Reserve Bank of India (RBI) has imposed, by an order dated June 9, 2023, a monetary penalty of ₹6,00,000/- (Rupees Six lakh only) on Jowai Cooperative Urban Bank Limited, Jowai, Meghalaya (the bank) for contravention of RBI directions to Urban Cooperative Banks on (i) ‘Exposure Norms and Statutory / Other Restrictions – UCBs’ and (ii) Know Your Customer (KYC) Directions, 2016. This penalty has been imposed in exercise of powers vested in RBI under the provisions o
The Reserve Bank of India (RBI) has imposed, by an order dated June 9, 2023, a monetary penalty of ₹6,00,000/- (Rupees Six lakh only) on Jowai Cooperative Urban Bank Limited, Jowai, Meghalaya (the bank) for contravention of RBI directions to Urban Cooperative Banks on (i) ‘Exposure Norms and Statutory / Other Restrictions – UCBs’ and (ii) Know Your Customer (KYC) Directions, 2016. This penalty has been imposed in exercise of powers vested in RBI under the provisions o
ਜੂਨ 05, 2023
RBI imposes monetary penalty on Sawantwadi Urban Co-operative Bank Ltd., Sawantwadi, Maharashtra
The Reserve Bank of India (RBI) has, by an order dated May 29, 2023, imposed a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on Sawantwadi Urban Co-operative Bank Ltd., Sawantwadi (the bank) for contravention of directions contained in the Supervisory Action Framework (SAF) issued by RBI under section 36 (1) read with section 56 of the Banking Regulation Act, 1949 (the Act). This penalty has been imposed in exercise of powers vested in RBI under the provisio
The Reserve Bank of India (RBI) has, by an order dated May 29, 2023, imposed a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on Sawantwadi Urban Co-operative Bank Ltd., Sawantwadi (the bank) for contravention of directions contained in the Supervisory Action Framework (SAF) issued by RBI under section 36 (1) read with section 56 of the Banking Regulation Act, 1949 (the Act). This penalty has been imposed in exercise of powers vested in RBI under the provisio
ਜੂਨ 05, 2023
RBI imposes monetary penalty on Kokan Mercantile Co-operative Bank Limited., Mumbai, Maharashtra
The Reserve Bank of India (RBI) has, by an order dated May 29, 2023 imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Kokan Mercantile Co-operative Bank Limited., Mumbai (the bank) for contravention of directions issued by RBI on Maintenance of Deposit Accounts. 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 Regulation Act, 1949 (
The Reserve Bank of India (RBI) has, by an order dated May 29, 2023 imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Kokan Mercantile Co-operative Bank Limited., Mumbai (the bank) for contravention of directions issued by RBI on Maintenance of Deposit Accounts. 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 Regulation Act, 1949 (
ਜੂਨ 05, 2023
RBI imposes monetary penalty on Bajirao Appa Sahakari Bank Ltd., Ankalkhop (Maharashtra)
The Reserve Bank of India (RBI) has, by an order dated May 29, 2023, imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Bajirao Appa Sahakari Bank Ltd., Ankalkhop (the bank) for non-compliance with the directions issued by RBI on ‘Investments by Primary (Urban) Co-operative Banks’ and ‘Know Your Customers’ (KYC). This penalty has been imposed in exercise of powers vested in RBI conferred under section 47A(1)(c) read with sections 46(4)(i) and Section 5
The Reserve Bank of India (RBI) has, by an order dated May 29, 2023, imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Bajirao Appa Sahakari Bank Ltd., Ankalkhop (the bank) for non-compliance with the directions issued by RBI on ‘Investments by Primary (Urban) Co-operative Banks’ and ‘Know Your Customers’ (KYC). This penalty has been imposed in exercise of powers vested in RBI conferred under section 47A(1)(c) read with sections 46(4)(i) and Section 5
ਜੂਨ 05, 2023
RBI imposes monetary penalty on Shri Laxmi Sahakari Bank Ltd., Mhaisal (Maharashtra)
The Reserve Bank of India (RBI) has, by an order dated May 29, 2023, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Shri Laxmi Sahakari Bank Ltd., Mhaisal (the bank) for non-compliance with the directions issued by RBI on ‘Know Your Customers’ (KYC). This penalty has been imposed in exercise of powers vested in RBI conferred under section 47A(1)(c) read with sections 46(4)(i) and Section 56 of Banking Regulation Act, 1949 (BR Act). This action is b
The Reserve Bank of India (RBI) has, by an order dated May 29, 2023, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Shri Laxmi Sahakari Bank Ltd., Mhaisal (the bank) for non-compliance with the directions issued by RBI on ‘Know Your Customers’ (KYC). This penalty has been imposed in exercise of powers vested in RBI conferred under section 47A(1)(c) read with sections 46(4)(i) and Section 56 of Banking Regulation Act, 1949 (BR Act). This action is b
ਜੂਨ 02, 2023
RBI imposes monetary penalty on Indian Overseas Bank
The Reserve Bank of India (RBI) has, by an order dated May 29, 2023, imposed a monetary penalty of ₹2.20 Crore (Rupees Two Crore and twenty Lakh only) on Indian Overseas Bank (the bank) for contravention of the provisions of sub-section (1) of section 17 of the Banking Regulation Act, 1949 (the Act) and non-compliance with certain directions issued by RBI on 'Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Diverge
The Reserve Bank of India (RBI) has, by an order dated May 29, 2023, imposed a monetary penalty of ₹2.20 Crore (Rupees Two Crore and twenty Lakh only) on Indian Overseas Bank (the bank) for contravention of the provisions of sub-section (1) of section 17 of the Banking Regulation Act, 1949 (the Act) and non-compliance with certain directions issued by RBI on 'Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Diverge
ਮਈ 29, 2023
RBI imposes monetary penalty on Kohinoor Sahakari Bank Ltd., Ichalkaranji, Maharashtra
The Reserve Bank of India (RBI) has, by an order dated May 23, 2023, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Kohinoor Sahakari Bank Ltd., Ichalkaranji (the bank) for non-compliance with the directions issued by RBI on ‘Investments by Primary (Urban) Co-operative Banks’. 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 Banking Regulation Act, 1949 (B
The Reserve Bank of India (RBI) has, by an order dated May 23, 2023, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Kohinoor Sahakari Bank Ltd., Ichalkaranji (the bank) for non-compliance with the directions issued by RBI on ‘Investments by Primary (Urban) Co-operative Banks’. 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 Banking Regulation Act, 1949 (B
ਮਈ 26, 2023
RBI imposes monetary penalty on Central Bank of India
The Reserve Bank of India (RBI) has, by an order dated May 25, 2023 imposed a monetary penalty of ₹84.50 lakh (Rupees Eighty four lakh fifty thousand only) on Central Bank of India (the bank) for non-compliance with certain provisions of ‘Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) directions 2016’ and ‘Master Circular on Customer Service in Banks’. This penalty has been imposed in exercise of powers vested in RBI und
The Reserve Bank of India (RBI) has, by an order dated May 25, 2023 imposed a monetary penalty of ₹84.50 lakh (Rupees Eighty four lakh fifty thousand only) on Central Bank of India (the bank) for non-compliance with certain provisions of ‘Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) directions 2016’ and ‘Master Circular on Customer Service in Banks’. This penalty has been imposed in exercise of powers vested in RBI und
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ਪੇਜ ਅੰਤਿਮ ਅੱਪਡੇਟ ਦੀ ਤਾਰੀਖ: ਜੁਲਾਈ 22, 2024
