Press Releases - Enforcement - ਆਰਬੀਆਈ - Reserve Bank of India
ਪ੍ਰੈਸ ਰਿਲੀਜ਼
ਦਸੰ 05, 2022
RBI imposes monetary penalty on The Bharat Co-operative Bank Limited, Bengaluru, Karnataka
The Reserve Bank of India (RBI) has imposed, by an order dated November 28, 2022, a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on The Bharat Co-operative Bank Limited, Bengaluru, Karnataka (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) (c) read with Section 46 (4) (i) and S
The Reserve Bank of India (RBI) has imposed, by an order dated November 28, 2022, a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on The Bharat Co-operative Bank Limited, Bengaluru, Karnataka (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) (c) read with Section 46 (4) (i) and S
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ਦਸੰ 02, 2022
RBI imposes monetary penalty on Arunachal Pradesh Rural Bank
The Reserve Bank of India (RBI) has, by an order dated November 28, 2022, imposed a monetary penalty of ₹42.00 lakh (Rupees Forty-two lakh only) on Arunachal Pradesh Rural Bank (the bank), for non-compliance with the directions issued by RBI on ‘Strengthening of Prudential Norms- Provisioning Asset Classification and Exposure Limit’ and ‘Regional Rural Banks- Income Recognition, Asset Classification and Provisioning Norms- Non-Performing Assets (NPAs)’. This penalty h
The Reserve Bank of India (RBI) has, by an order dated November 28, 2022, imposed a monetary penalty of ₹42.00 lakh (Rupees Forty-two lakh only) on Arunachal Pradesh Rural Bank (the bank), for non-compliance with the directions issued by RBI on ‘Strengthening of Prudential Norms- Provisioning Asset Classification and Exposure Limit’ and ‘Regional Rural Banks- Income Recognition, Asset Classification and Provisioning Norms- Non-Performing Assets (NPAs)’. This penalty h
ਨਵੰ 28, 2022
RBI imposes monetary penalty on Indian Mercantile Co-operative Bank Ltd., Lucknow
The Reserve Bank of India (RBI) has, by an order dated November 24, 2022, imposed a monetary penalty of ₹20.00 lakh (Rupees twenty lakh only) on Indian Mercantile Co-operative Bank Ltd., Lucknow, Uttar Pradesh (the bank) for non-compliance with the directions issued by RBI on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters’ (IRAC norms). This penalty has been imposed in exercise of powers vested in RBI conferred under section 47A(1)(c
The Reserve Bank of India (RBI) has, by an order dated November 24, 2022, imposed a monetary penalty of ₹20.00 lakh (Rupees twenty lakh only) on Indian Mercantile Co-operative Bank Ltd., Lucknow, Uttar Pradesh (the bank) for non-compliance with the directions issued by RBI on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters’ (IRAC norms). This penalty has been imposed in exercise of powers vested in RBI conferred under section 47A(1)(c
ਨਵੰ 28, 2022
RBI imposes monetary penalty on Zoroastrian Co-operative Bank Ltd., Bombay
The Reserve Bank of India (RBI) has, by an order dated November 23, 2022, imposed a monetary penalty of ₹1.25 crore (Rupees one crore twenty-five lakh only) on Zoroastrian Co-operative Bank Ltd., Bombay (the bank) for non-compliance with RBI directions on ‘Discounting of Bills by UCBs – Restricted Letters of Credit (LC)’ and the provisions of the Co-operative Banks (Period of Preservation of Records) Rules, 1985 (Rules) framed under section 45Y read with section 56 of
The Reserve Bank of India (RBI) has, by an order dated November 23, 2022, imposed a monetary penalty of ₹1.25 crore (Rupees one crore twenty-five lakh only) on Zoroastrian Co-operative Bank Ltd., Bombay (the bank) for non-compliance with RBI directions on ‘Discounting of Bills by UCBs – Restricted Letters of Credit (LC)’ and the provisions of the Co-operative Banks (Period of Preservation of Records) Rules, 1985 (Rules) framed under section 45Y read with section 56 of
ਨਵੰ 28, 2022
RBI imposes monetary penalty on Bharat Co-operative Bank (Mumbai) Limited
The Reserve Bank of India (RBI) has, by an order dated November 21, 2022, imposed a monetary penalty of ₹50.00 lakh (Rupees fifty lakh only) on Bharat Co-operative Bank (Mumbai) Limited, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters’ (IRAC norms). This penalty has been imposed in exercise of powers vested in RBI conferred under section 47A(1)(c) read with
The Reserve Bank of India (RBI) has, by an order dated November 21, 2022, imposed a monetary penalty of ₹50.00 lakh (Rupees fifty lakh only) on Bharat Co-operative Bank (Mumbai) Limited, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters’ (IRAC norms). This penalty has been imposed in exercise of powers vested in RBI conferred under section 47A(1)(c) read with
ਨਵੰ 28, 2022
RBI imposes monetary penalty on The Tiruchirappalli District Central Cooperative Bank Ltd., Tiruchirappalli, Tamil Nadu
The Reserve Bank of India (RBI) has imposed, by an order dated November 24, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Tiruchirappalli District Central Cooperative Bank Ltd., Tiruchirappalli, Tamil Nadu (the bank) for non-adherence/violation of directions issued under Income Recognition, Asset Classification, Provisioning and Other Related Matters. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Secti
The Reserve Bank of India (RBI) has imposed, by an order dated November 24, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Tiruchirappalli District Central Cooperative Bank Ltd., Tiruchirappalli, Tamil Nadu (the bank) for non-adherence/violation of directions issued under Income Recognition, Asset Classification, Provisioning and Other Related Matters. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Secti
ਨਵੰ 28, 2022
RBI imposes monetary penalty on The Chittoor Co-operative Town Bank Limited, Chittoor, Andhra Pradesh
The Reserve Bank of India (RBI) has imposed, by an order dated November 24, 2022, a monetary penalty of ₹6.00 lakh (Rupees Six lakh only) on The Chittoor Co-operative Town Bank Limited, Chittoor, Andhra Pradesh (the bank) for non-adherence / violation of directions issued under Establishment of Depositor Education and Awareness Fund, Management of Advances – UCBs, lncome Recognition, Asset Classification, Provisioning and Other Related Matters-UCBs and Know Your Custo
The Reserve Bank of India (RBI) has imposed, by an order dated November 24, 2022, a monetary penalty of ₹6.00 lakh (Rupees Six lakh only) on The Chittoor Co-operative Town Bank Limited, Chittoor, Andhra Pradesh (the bank) for non-adherence / violation of directions issued under Establishment of Depositor Education and Awareness Fund, Management of Advances – UCBs, lncome Recognition, Asset Classification, Provisioning and Other Related Matters-UCBs and Know Your Custo
ਨਵੰ 28, 2022
RBI imposes monetary penalty on The Cumbum Co-operative Town Bank Ltd., Cumbum, Prakasam District, Andhra Pradesh
The Reserve Bank of India (RBI) has imposed, by an order dated November 25, 2022, a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on The Cumbum Co-operative Town Bank Ltd., Cumbum, Prakasam District, Andhra Pradesh (the bank) for non-adherence / violation of directions issued under Frauds - Classification and Reporting and Board of Directors - UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c)
The Reserve Bank of India (RBI) has imposed, by an order dated November 25, 2022, a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on The Cumbum Co-operative Town Bank Ltd., Cumbum, Prakasam District, Andhra Pradesh (the bank) for non-adherence / violation of directions issued under Frauds - Classification and Reporting and Board of Directors - UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c)
ਨਵੰ 28, 2022
RBI imposes monetary penalty on The National Co-operative Bank Limited, Bengaluru, Karnataka
The Reserve Bank of India (RBI) has imposed, by an order dated November 25, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The National Co-operative Bank Limited, Bengaluru, Karnataka (the bank) for non-adherence / violation of directions issued under Supervisory Action Framework for Urban Co-operative Banks (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)
The Reserve Bank of India (RBI) has imposed, by an order dated November 25, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The National Co-operative Bank Limited, Bengaluru, Karnataka (the bank) for non-adherence / violation of directions issued under Supervisory Action Framework for Urban Co-operative Banks (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)
ਨਵੰ 21, 2022
RBI imposes monetary penalty on The Parwanoo Urban Co-operative Bank Limited, Parwanoo, Himachal Pradesh
The Reserve Bank of India (RBI) has imposed, by an order dated November 15, 2022, a monetary penalty of ₹3.00 lakh (Rupees Three Lakh only) on The Parwanoo Urban Co-operative Bank Limited, Parwanoo, Himachal Pradesh (the bank) for contravention of section 35A and section 36 (1) (a) read with section 56 of the Banking Regulation Act, 1949 as the bank failed to comply with specific directions issued to it by RBI under Supervisory Action Framework (SAF). This penalty has
The Reserve Bank of India (RBI) has imposed, by an order dated November 15, 2022, a monetary penalty of ₹3.00 lakh (Rupees Three Lakh only) on The Parwanoo Urban Co-operative Bank Limited, Parwanoo, Himachal Pradesh (the bank) for contravention of section 35A and section 36 (1) (a) read with section 56 of the Banking Regulation Act, 1949 as the bank failed to comply with specific directions issued to it by RBI under Supervisory Action Framework (SAF). This penalty has
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ਪੇਜ ਅੰਤਿਮ ਅੱਪਡੇਟ ਦੀ ਤਾਰੀਖ: ਨਵੰਬਰ 21, 2024
