Press Releases - Consumer Education and Protection - ربی - Reserve Bank of India
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مارچ 11, 2019
RBI extends validity of the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow, Uttar Pradesh
The Reserve Bank of India (RBI) has extended the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of six months from March 12, 2019 to September 11, 2019, subject to review. The bank has been under directions since June 12, 2014 vide directive dated June 4, 2014 issued under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). The aforesaid directive was modified / its validity was extended vide RBI
The Reserve Bank of India (RBI) has extended the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of six months from March 12, 2019 to September 11, 2019, subject to review. The bank has been under directions since June 12, 2014 vide directive dated June 4, 2014 issued under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). The aforesaid directive was modified / its validity was extended vide RBI
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مارچ 08, 2019
Reserve Bank of India imposes monetary penalty on 36 banks
The Reserve Bank of India (RBI) has imposed, by orders dated January 31, 2019 and February 25, 2019, monetary penalty for non-compliance with various directions issued by RBI on time-bound implementation and strengthening of SWIFT-related operational controls on 36 banks as detailed below: Sr. No. Name of the bank Amount of penalty (in ₹ Million) 1. Bank of Baroda 40 2. Catholic Syrian Bank Limited 40 3. Citibank N.A. 40 4. Indian Bank 40 5. Karnataka Bank Limited 40
The Reserve Bank of India (RBI) has imposed, by orders dated January 31, 2019 and February 25, 2019, monetary penalty for non-compliance with various directions issued by RBI on time-bound implementation and strengthening of SWIFT-related operational controls on 36 banks as detailed below: Sr. No. Name of the bank Amount of penalty (in ₹ Million) 1. Bank of Baroda 40 2. Catholic Syrian Bank Limited 40 3. Citibank N.A. 40 4. Indian Bank 40 5. Karnataka Bank Limited 40
مارچ 08, 2019
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - The Karad Janata Sahakari Bank Ltd., Karad, Maharashtra - Extension of period
The Karad Janata Sahakari Bank Ltd., Karad was placed under directions vide directive dated November 7, 2017 from the close of business on November 9, 2017 for a period of six months. The validity of the above directions were extended from time to time last being vide directive dated October 30, 2018 up to March 9, 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
The Karad Janata Sahakari Bank Ltd., Karad was placed under directions vide directive dated November 7, 2017 from the close of business on November 9, 2017 for a period of six months. The validity of the above directions were extended from time to time last being vide directive dated October 30, 2018 up to March 9, 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
مارچ 07, 2019
Nagar Sahkari Bank Ltd., Etawah (Uttar Pradesh) - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 1,00,000/- (Rupees One Lakh Only) on Nagar Sahkari Bank Ltd., Etawah (Uttar Pradesh) 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 Prudential Norms on Inter-bank Gross Exposure and Counter Party Limit. The Reserve Bank of India
The Reserve Bank of India has imposed a monetary penalty of ₹ 1,00,000/- (Rupees One Lakh Only) on Nagar Sahkari Bank Ltd., Etawah (Uttar Pradesh) 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 Prudential Norms on Inter-bank Gross Exposure and Counter Party Limit. The Reserve Bank of India
مارچ 06, 2019
Mahoba Urban Co-operative Bank Ltd., Mahoba, (U.P.) - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty Thousand Only) on Mahoba Urban Co-operative Bank Ltd., Mahoba, (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 Prudential Norms on Inter-bank Gross Exposure and Counter Party Limit. The Reserve Bank o
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty Thousand Only) on Mahoba Urban Co-operative Bank Ltd., Mahoba, (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 Prudential Norms on Inter-bank Gross Exposure and Counter Party Limit. The Reserve Bank o
مارچ 06, 2019
Etawah Urban Co-operative Bank Ltd., Etawah, (U.P.) - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty Thousand Only) on Etawah Urban Co-operative Bank Ltd., Etawah (U.P.) in exercise of powers vested 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 relating to Supervisory Instructions issued under Section 36(1) of the Banking Regulation Act, 1949
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty Thousand Only) on Etawah Urban Co-operative Bank Ltd., Etawah (U.P.) in exercise of powers vested 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 relating to Supervisory Instructions issued under Section 36(1) of the Banking Regulation Act, 1949
مارچ 01, 2019
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Bidar Mahila Urban Co-operative Bank Ltd., Bidar
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949 (AACS), the Reserve Bank of India has issued certain Directions to Bidar Mahila Urban Co-operative Bank Ltd., Bidar, whereby, as from the close of business on February 28, 2019, the aforesaid bank shall not, without prior approval of RBI in writing g
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949 (AACS), the Reserve Bank of India has issued certain Directions to Bidar Mahila Urban Co-operative Bank Ltd., Bidar, whereby, as from the close of business on February 28, 2019, the aforesaid bank shall not, without prior approval of RBI in writing g
مارچ 01, 2019
U.P. Postal Primary Co-operative Bank Ltd., Lucknow, Uttar Pradesh - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 5,00,000/- (Rupees Five Lakh only) on U.P. Postal Primary Co-operative Bank Ltd., Uttar Pradesh 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 Prudential Norms on Inter-bank Counter Party Limit, Concurrent Audit of Investment Tra
The Reserve Bank of India has imposed a monetary penalty of ₹ 5,00,000/- (Rupees Five Lakh only) on U.P. Postal Primary Co-operative Bank Ltd., Uttar Pradesh 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 Prudential Norms on Inter-bank Counter Party Limit, Concurrent Audit of Investment Tra
مارچ 01, 2019
Rani Laxmi Bai Urban Co-operative Bank Ltd., Jhansi, Uttar Pradesh - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 5,00,000/- (Rupees Five Lakh only) on Rani Laxmi Bai Urban Co-operative Bank Ltd., Jhansi, Uttar Pradesh 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 Membership of Credit Information Companies, Prudential Norms on Inter-bank Co
The Reserve Bank of India has imposed a monetary penalty of ₹ 5,00,000/- (Rupees Five Lakh only) on Rani Laxmi Bai Urban Co-operative Bank Ltd., Jhansi, Uttar Pradesh 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 Membership of Credit Information Companies, Prudential Norms on Inter-bank Co
مارچ 01, 2019
Urban Co-operative Bank Ltd., Badaun, Uttar Pradesh - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 5,00,000/- (Rupees Five Lakh only) on Urban Co-operative Bank Ltd., Badaun, Uttar Pradesh 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 relating to Supervisory instructions issued to the bank, Prudential Norms on Inter-bank Gross a
The Reserve Bank of India has imposed a monetary penalty of ₹ 5,00,000/- (Rupees Five Lakh only) on Urban Co-operative Bank Ltd., Badaun, Uttar Pradesh 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 relating to Supervisory instructions issued to the bank, Prudential Norms on Inter-bank Gross a
فروری 28, 2019
RBI approves Amalgamation of DBS Bank Ltd., India with DBS Bank India Limited
The Reserve Bank of India has sanctioned the Scheme of Amalgamation of the entire undertaking of DBS Bank Ltd., India with DBS Bank India Limited which has been granted licence by the Reserve Bank to carry on the business of banking in India through Wholly Owned Subsidiary (WOS) Mode under section 22(1) of the Banking Regulation Act, 1949. The Scheme has been sanctioned in exercise of the powers contained in sub-section (4) of Section 44A of the Banking Regulation Act
The Reserve Bank of India has sanctioned the Scheme of Amalgamation of the entire undertaking of DBS Bank Ltd., India with DBS Bank India Limited which has been granted licence by the Reserve Bank to carry on the business of banking in India through Wholly Owned Subsidiary (WOS) Mode under section 22(1) of the Banking Regulation Act, 1949. The Scheme has been sanctioned in exercise of the powers contained in sub-section (4) of Section 44A of the Banking Regulation Act
فروری 28, 2019
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - The CKP Co-operative Bank Ltd, Mumbai, Maharashtra
The CKP Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions vide directive dated April 30, 2014, from close of business on May 2, 2014. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive dated November 27, 2018 and was valid upto February 28, 2019 subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in
The CKP Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions vide directive dated April 30, 2014, from close of business on May 2, 2014. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive dated November 27, 2018 and was valid upto February 28, 2019 subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in
فروری 27, 2019
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Rupee Co-operative Bank Ltd, Pune, Maharashtra
Rupee Co-operative Bank Ltd, Pune, Maharashtra, was placed under directions vide directive dated February 21, 2013 from close of business on February 22, 2013. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive dated November 27, 2018 and was valid up to February 28, 2019, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vest
Rupee Co-operative Bank Ltd, Pune, Maharashtra, was placed under directions vide directive dated February 21, 2013 from close of business on February 22, 2013. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive dated November 27, 2018 and was valid up to February 28, 2019, subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vest
فروری 26, 2019
Issue of ₹ 100 Denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, Governor
The Reserve Bank of India will shortly issue ₹ 100 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, Governor. The design of these notes is similar in all respects to ₹ 100 Banknotes in Mahatma Gandhi (New) Series. All Banknotes in the denomination of ₹ 100 issued by the Reserve Bank in the past will continue to be legal tender. Jose J. Kattoor Chief General Manager Press Release : 2018-2019/2029
The Reserve Bank of India will shortly issue ₹ 100 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, Governor. The design of these notes is similar in all respects to ₹ 100 Banknotes in Mahatma Gandhi (New) Series. All Banknotes in the denomination of ₹ 100 issued by the Reserve Bank in the past will continue to be legal tender. Jose J. Kattoor Chief General Manager Press Release : 2018-2019/2029
فروری 25, 2019
RBI cancels Certificate of Registration of 25 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. Anand Business Pvt. Ltd. 2, Chowringhee Approach, 3rd Floor, Kolkata-700 072, West Bengal 05.02854 August 27, 1998 January 04, 2019 2. Manish
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. Anand Business Pvt. Ltd. 2, Chowringhee Approach, 3rd Floor, Kolkata-700 072, West Bengal 05.02854 August 27, 1998 January 04, 2019 2. Manish
فروری 22, 2019
RBI issues Directions to Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd. Nilanga, District Latur, Maharashtra
The Reserve Bank of India has issued Directions to Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd. Nilanga, District Latur, Maharashtra for a period of six months with effect from close of business as on February 16, 2019. According to the Directions Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd. Nilanga, District Latur shall not, without prior approval in writing from the Reserve Bank of India, grant or renew any loans and advances, make an
The Reserve Bank of India has issued Directions to Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd. Nilanga, District Latur, Maharashtra for a period of six months with effect from close of business as on February 16, 2019. According to the Directions Dr. Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd. Nilanga, District Latur shall not, without prior approval in writing from the Reserve Bank of India, grant or renew any loans and advances, make an
فروری 21, 2019
The Srikalahasti Co-operative Town Bank ltd, Srikalahasti, Andhra Pradesh - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty thousand only) on The Srikalahasti Co-operative Town Bank Ltd., Srikalahasti, Andhra Pradesh, in exercise of the powers vested in it under the provisions of Section 47A (1) (c) read with sub-section 4 of Section 46 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of directives/ guidelines / instructions of the Reserve Bank of India on submis
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty thousand only) on The Srikalahasti Co-operative Town Bank Ltd., Srikalahasti, Andhra Pradesh, in exercise of the powers vested in it under the provisions of Section 47A (1) (c) read with sub-section 4 of Section 46 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of directives/ guidelines / instructions of the Reserve Bank of India on submis
فروری 20, 2019
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - The Mapusa Urban Co-operative Bank of Goa Ltd, Goa - Extension of Period of Directions and relaxation in Withdrawal limit
Reserve Bank issued Directions under Section 35A read with section 56 of the Banking Regulation Act, 1949 to The Mapusa Urban Co-operative Bank of Goa Ltd, Goa vide Directive dated July 24, 2015, as modified from time to time, last being vide Directive dated August 13, 2018 which extended the Directions upto February 18, 2019. In terms of the existing Directions, among other conditions, a sum not exceeding ₹ 1,000/- of the total balance in every savings bank or curren
Reserve Bank issued Directions under Section 35A read with section 56 of the Banking Regulation Act, 1949 to The Mapusa Urban Co-operative Bank of Goa Ltd, Goa vide Directive dated July 24, 2015, as modified from time to time, last being vide Directive dated August 13, 2018 which extended the Directions upto February 18, 2019. In terms of the existing Directions, among other conditions, a sum not exceeding ₹ 1,000/- of the total balance in every savings bank or curren
فروری 20, 2019
HCBL Co-operative Bank Ltd, Lucknow (U.P.) -Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 1,00,000/- (Rupees One Lakh only) on HCBL Co-operative Bank Ltd., Lucknow, (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 All-Inclusive Directions u/s 35A of the Banking Regulation Act, 1949(AACS) read with Section 56 of t
The Reserve Bank of India has imposed a monetary penalty of ₹ 1,00,000/- (Rupees One Lakh only) on HCBL Co-operative Bank Ltd., Lucknow, (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 All-Inclusive Directions u/s 35A of the Banking Regulation Act, 1949(AACS) read with Section 56 of t
فروری 14, 2019
Reserve Bank of India imposes monetary penalty on three banks
The Reserve Bank of India (RBI) has imposed, by orders dated January 31, 2019, monetary penalty for non-compliance with various directions issued by RBI on monitoring of end use of funds, exchange of information with other banks, and on restructuring of accounts, on three banks as detailed below: Sr. No. Name of the bank Amount of penalty (in ₹ Million) 1. Bank of India 10 2. Oriental Bank of Commerce 15 3. Punjab National Bank 10 These penalties have been imposed in
The Reserve Bank of India (RBI) has imposed, by orders dated January 31, 2019, monetary penalty for non-compliance with various directions issued by RBI on monitoring of end use of funds, exchange of information with other banks, and on restructuring of accounts, on three banks as detailed below: Sr. No. Name of the bank Amount of penalty (in ₹ Million) 1. Bank of India 10 2. Oriental Bank of Commerce 15 3. Punjab National Bank 10 These penalties have been imposed in
فروری 14, 2019
6 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. Dimensional Finance Private Limited 4/5, Noormal Lohia Lane, Kolkata-700 007, West
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. Dimensional Finance Private Limited 4/5, Noormal Lohia Lane, Kolkata-700 007, West
فروری 13, 2019
Reserve Bank of India imposes monetary penalty on four banks
The Reserve Bank of India (RBI) has imposed, by orders dated January 31, 2019, monetary penalty for non-compliance with various directions issued by RBI on monitoring of end use of funds, exchange of information with other banks, classification and reporting of frauds, and on restructuring of accounts, on four banks as detailed below: Sr. No. Name of the bank Amount of penalty (in ₹ Million) 1. Bank of Baroda 10 2. Corporation Bank 20 3. State Bank of India 10 4. Unio
The Reserve Bank of India (RBI) has imposed, by orders dated January 31, 2019, monetary penalty for non-compliance with various directions issued by RBI on monitoring of end use of funds, exchange of information with other banks, classification and reporting of frauds, and on restructuring of accounts, on four banks as detailed below: Sr. No. Name of the bank Amount of penalty (in ₹ Million) 1. Bank of Baroda 10 2. Corporation Bank 20 3. State Bank of India 10 4. Unio
فروری 13, 2019
The Chittoor Co-operative Town Bank Ltd., Chittoor, Andhra Pradesh - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty thousand only) on The Chittoor Co-operative Town Bank Ltd., Chittoor, Andhra Pradesh, in exercise of the powers vested in it under the provisions of Section 47A (1) (c) read with sub-section 4 of Section 46 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of directives/guidelines/instructions of the Reserve Bank of India for non-transfer of
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty thousand only) on The Chittoor Co-operative Town Bank Ltd., Chittoor, Andhra Pradesh, in exercise of the powers vested in it under the provisions of Section 47A (1) (c) read with sub-section 4 of Section 46 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of directives/guidelines/instructions of the Reserve Bank of India for non-transfer of
فروری 13, 2019
The Karimnagar Co-operative Urban Bank ltd, Karimnagar, Telangana - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty thousand only) on The Karimnagar Co-operative Urban Bank Ltd., Karimnagar, Telangana, in exercise of the powers vested in it under the provisions of Section 47A (1) (c) read with sub-section 4 of Section 46 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of directives/guidelines/instructions of the Reserve Bank of India on submission of com
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty thousand only) on The Karimnagar Co-operative Urban Bank Ltd., Karimnagar, Telangana, in exercise of the powers vested in it under the provisions of Section 47A (1) (c) read with sub-section 4 of Section 46 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of directives/guidelines/instructions of the Reserve Bank of India on submission of com
فروری 12, 2019
Reserve Bank of India imposes monetary penalty on four banks
The Reserve Bank of India (RBI) has imposed, by orders dated January 31, 2019, monetary penalty for non-compliance with various directions issued by RBI on monitoring of end use of funds, exchange of information with other banks, classification and reporting of frauds, and on restructuring of accounts, on four banks as detailed below: Sr. No. Name of the bank Amount of penalty (in ₹ Million) 1. Allahabad Bank 15 2. Andhra Bank 10 3. Bank of Maharashtra 15 4. Indian Ov
The Reserve Bank of India (RBI) has imposed, by orders dated January 31, 2019, monetary penalty for non-compliance with various directions issued by RBI on monitoring of end use of funds, exchange of information with other banks, classification and reporting of frauds, and on restructuring of accounts, on four banks as detailed below: Sr. No. Name of the bank Amount of penalty (in ₹ Million) 1. Allahabad Bank 15 2. Andhra Bank 10 3. Bank of Maharashtra 15 4. Indian Ov
فروری 12, 2019
Reserve Bank of India imposes monetary penalty on three banks
The Reserve Bank of India (RBI) has imposed, by orders dated February 04, 2019, monetary penalty for non-compliance with various directions issued by RBI on Know Your Customer (KYC) norms / Anti-Money Laundering (AML) standards, more specifically those contained in circulars dated November 29, 2004 and May 22, 2008, on three banks as indicated below: Sr. No. Name of the bank Amount of penalty (in ₹ Million) 1. HDFC Bank Limited 02 2. IDBI Bank Limited 02 3. Kotak Mahi
The Reserve Bank of India (RBI) has imposed, by orders dated February 04, 2019, monetary penalty for non-compliance with various directions issued by RBI on Know Your Customer (KYC) norms / Anti-Money Laundering (AML) standards, more specifically those contained in circulars dated November 29, 2004 and May 22, 2008, on three banks as indicated below: Sr. No. Name of the bank Amount of penalty (in ₹ Million) 1. HDFC Bank Limited 02 2. IDBI Bank Limited 02 3. Kotak Mahi
فروری 11, 2019
RBI cancels Certificate of Registration of 32 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. Konkan Capfin Limited 419, Hind Rajasthan Building, D S Phalke Road, Dadar, Mumbai-400 014 13.00835 May 26, 1998 December 13, 2018 2. Vividha
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. Konkan Capfin Limited 419, Hind Rajasthan Building, D S Phalke Road, Dadar, Mumbai-400 014 13.00835 May 26, 1998 December 13, 2018 2. Vividha
فروری 08, 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 February 08, 2019, shall continue to apply to the bank for a further period
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 February 08, 2019, shall continue to apply to the bank for a further period
فروری 05, 2019
Reserve Bank of India imposes monetary penalty on Axis Bank Limited
The Reserve Bank of India (RBI) has imposed, by an order dated January 29, 2019, a monetary penalty of ₹ 20 million (Rupees Twenty Million) on Axis Bank Limited (the bank) for non-compliance with Circular on ‘Collection of Account Payee Cheques – Prohibition on Crediting Proceeds to Third Party Account’ dated January 22, 2014 and Master Directions on ‘Frauds – Classification and Reporting by commercial banks and select FIs’ dated July 01, 2016 issued by RBI. This pena
The Reserve Bank of India (RBI) has imposed, by an order dated January 29, 2019, a monetary penalty of ₹ 20 million (Rupees Twenty Million) on Axis Bank Limited (the bank) for non-compliance with Circular on ‘Collection of Account Payee Cheques – Prohibition on Crediting Proceeds to Third Party Account’ dated January 22, 2014 and Master Directions on ‘Frauds – Classification and Reporting by commercial banks and select FIs’ dated July 01, 2016 issued by RBI. This pena
فروری 05, 2019
Reserve Bank of India imposes monetary penalty on UCO Bank
The Reserve Bank of India (RBI) has imposed, by an order dated January 29, 2019, a monetary penalty of ₹ 20 million (Rupees Twenty Million) on UCO Bank (the bank) for non-compliance with Circular on ‘Collection of Account Payee Cheques – Prohibition on Crediting Proceeds to Third Party Account’ dated January 22, 2014 and Master Directions on ‘Frauds – Classification and Reporting by commercial banks and select FIs’ dated July 01, 2016 issued by RBI. This penalty has b
The Reserve Bank of India (RBI) has imposed, by an order dated January 29, 2019, a monetary penalty of ₹ 20 million (Rupees Twenty Million) on UCO Bank (the bank) for non-compliance with Circular on ‘Collection of Account Payee Cheques – Prohibition on Crediting Proceeds to Third Party Account’ dated January 22, 2014 and Master Directions on ‘Frauds – Classification and Reporting by commercial banks and select FIs’ dated July 01, 2016 issued by RBI. This penalty has b
فروری 05, 2019
Reserve Bank of India imposes monetary penalty on Axis Bank Limited
The Reserve Bank of India (RBI) has, on January 29, 2019, imposed a monetary penalty of ₹ 2 million (Two Million) on Axis Bank Limited (the bank) for contravention of the directions contained in Master Circular on Detection and Impounding of Counterfeit Notes dated July 20, 2017 and, the Circular on Sorting of Notes – Installation of Note Sorting Machines dated November 19, 2009. This penalty has been imposed in exercise of powers vested in RBI under the provisions of
The Reserve Bank of India (RBI) has, on January 29, 2019, imposed a monetary penalty of ₹ 2 million (Two Million) on Axis Bank Limited (the bank) for contravention of the directions contained in Master Circular on Detection and Impounding of Counterfeit Notes dated July 20, 2017 and, the Circular on Sorting of Notes – Installation of Note Sorting Machines dated November 19, 2009. This penalty has been imposed in exercise of powers vested in RBI under the provisions of
فروری 05, 2019
Reserve Bank of India imposes monetary penalty on Syndicate Bank
The Reserve Bank of India (RBI) has imposed, by an order dated January 30, 2019, a monetary penalty of ₹ 10 million on Syndicate Bank (the bank) for non-compliance with the directions contained in Master Circular on Frauds - Classification and Reporting dated July 01, 2015 and Circular on Risk Management Systems in Banks dated October 07, 1999 issued by RBI. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A (1) (c) r
The Reserve Bank of India (RBI) has imposed, by an order dated January 30, 2019, a monetary penalty of ₹ 10 million on Syndicate Bank (the bank) for non-compliance with the directions contained in Master Circular on Frauds - Classification and Reporting dated July 01, 2015 and Circular on Risk Management Systems in Banks dated October 07, 1999 issued by RBI. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A (1) (c) r
فروری 05, 2019
Shri Kanyaka Nagari Sahakari Bank Ltd., Chandrapur - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One lakh only) on Shri Kanyaka Nagari Sahakari Bank Ltd., Chandrapur 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 Operational Instructions issued by RBI. The Reserve Bank of India had issued a show cause notice to the bank, in response
The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees One lakh only) on Shri Kanyaka Nagari Sahakari Bank Ltd., Chandrapur 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 Operational Instructions issued by RBI. The Reserve Bank of India had issued a show cause notice to the bank, in response
فروری 04, 2019
Kisan Credit Card (KCC) Scheme: Working Capital for Animal Husbandry and Fisheries
The Kisan Credit Card Scheme aims at providing adequate and timely credit support from the banking system under a single window with flexible and simplified procedure to the farmers for short term crop loans. In order to extend the operational flexibility to farmers engaged in Animal Husbandry and Fisheries the Government of India had announced their decision to extend the facilities of KCC to these farmers in the Budget 2018-19. The matter has been examined and in co
The Kisan Credit Card Scheme aims at providing adequate and timely credit support from the banking system under a single window with flexible and simplified procedure to the farmers for short term crop loans. In order to extend the operational flexibility to farmers engaged in Animal Husbandry and Fisheries the Government of India had announced their decision to extend the facilities of KCC to these farmers in the Budget 2018-19. The matter has been examined and in co
فروری 04, 2019
Bidar Mahila Co-operative Bank Ltd., Bidar, Karnataka - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees fifty thousand only) on Bidar Mahila Co-operative Bank Limited, Bidar in exercise of the powers vested in it under the provisions of Section 47 A read with Section 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violating RBI’s extant norms on grant of loans to the Directors and their specified relatives. The Reserve Bank of India had issued a Show C
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees fifty thousand only) on Bidar Mahila Co-operative Bank Limited, Bidar in exercise of the powers vested in it under the provisions of Section 47 A read with Section 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violating RBI’s extant norms on grant of loans to the Directors and their specified relatives. The Reserve Bank of India had issued a Show C
جنوری 31, 2019
The Reserve Bank introduces Ombudsman Scheme for Digital Transactions
As announced in the Monetary Policy Statement of December 5, 2018, the Reserve Bank of India (RBI) today launched the Ombudsman Scheme for Digital Transactions (OSDT) vide Notification dated January 31, 2019 for redressal of complaints against System Participants as defined in the said Scheme. The Scheme, launched under Section 18 of the Payment and Settlement Systems Act, 2007, will provide a cost-free and expeditious complaint redressal mechanism relating to deficie
As announced in the Monetary Policy Statement of December 5, 2018, the Reserve Bank of India (RBI) today launched the Ombudsman Scheme for Digital Transactions (OSDT) vide Notification dated January 31, 2019 for redressal of complaints against System Participants as defined in the said Scheme. The Scheme, launched under Section 18 of the Payment and Settlement Systems Act, 2007, will provide a cost-free and expeditious complaint redressal mechanism relating to deficie
جنوری 31, 2019
Directions under Section 35A read with Section 56 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 January 31, 2019 vide directive dated July 23, 2018. 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 January 31, 2019 vide directive dated July 23, 2018. 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
جنوری 28, 2019
City Co-operative Bank Ltd., Hassan, Karnataka - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees fifty thousand only) on City Co-operative Bank Ltd., Hassan, in exercise of the powers vested in it under the provisions of Section 47 A read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violating RBI’s extant norms on grant of loans to the directors or their specified relatives. The Reserve Bank of India had issued a Show Cause Notic
The Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees fifty thousand only) on City Co-operative Bank Ltd., Hassan, in exercise of the powers vested in it under the provisions of Section 47 A read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violating RBI’s extant norms on grant of loans to the directors or their specified relatives. The Reserve Bank of India had issued a Show Cause Notic
جنوری 25, 2019
Urban Co-operative Bank Ltd., Sitapur (U.P.) - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 5,00,000/- (Rupees Five Lakh only) on Urban Co-operative Bank Ltd., Sitapur (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 Investment by Primary (Urban) Co-operative Banks, Know Your Customer (KYC) Direction, 2016, Members
The Reserve Bank of India has imposed a monetary penalty of ₹ 5,00,000/- (Rupees Five Lakh only) on Urban Co-operative Bank Ltd., Sitapur (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 Investment by Primary (Urban) Co-operative Banks, Know Your Customer (KYC) Direction, 2016, Members
جنوری 25, 2019
RBI cancels Certificate of Registration of 28 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. SFSL Investments Limited D-32, Kamla Nagar, New Delhi-110 007 14.00415 March 11, 1998 November 28, 2018 2. Ferguson Traders Private Limited V
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. SFSL Investments Limited D-32, Kamla Nagar, New Delhi-110 007 14.00415 March 11, 1998 November 28, 2018 2. Ferguson Traders Private Limited V
جنوری 25, 2019
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - The R. S. Co-operative Bank Ltd., Mumbai, Maharashtra
The R.S. Co-operative Bank Ltd., Mumbai, Maharashtra, was placed under directions vide directive dated June 24, 2015, from close of business on June 26, 2015. The validity of the directions was extended and modified from time to time, the last being Directive dated July 02, 2018 and was valid upto January 25, 2019, subject to review. 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-sec
The R.S. Co-operative Bank Ltd., Mumbai, Maharashtra, was placed under directions vide directive dated June 24, 2015, from close of business on June 26, 2015. The validity of the directions was extended and modified from time to time, the last being Directive dated July 02, 2018 and was valid upto January 25, 2019, subject to review. 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-sec
جنوری 24, 2019
RBI issues Directions to Bhagyodaya Friends Urban Co-operative Bank Ltd, Warud, Dist. Amravati, Maharashtra
The Reserve Bank of India has issued Directions to Bhagyodaya Friends Urban Co-operative Bank Ltd, Warud, Dist. Amravati, Maharashtra for a period of six months with effect from close of business as on January 17, 2019. According to the Directions, Bhagyodaya Friends Urban Co-operative Bank Ltd, Warud, Dist. Amravati, shall not, without prior approval in writing from the Reserve Bank of India, grant or renew any loans and advances, make any investment, incur any liabi
The Reserve Bank of India has issued Directions to Bhagyodaya Friends Urban Co-operative Bank Ltd, Warud, Dist. Amravati, Maharashtra for a period of six months with effect from close of business as on January 17, 2019. According to the Directions, Bhagyodaya Friends Urban Co-operative Bank Ltd, Warud, Dist. Amravati, shall not, without prior approval in writing from the Reserve Bank of India, grant or renew any loans and advances, make any investment, incur any liabi
جنوری 24, 2019
5 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. Overseas Tracom Pvt. Ltd. 7A Bentick Street, 1ST Floor, Room No. 103, Kolkata-700
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. Overseas Tracom Pvt. Ltd. 7A Bentick Street, 1ST Floor, Room No. 103, Kolkata-700
جنوری 24, 2019
RBI cancels Certificate of Registration of 5 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. Ronnie Finance Limited 261, First Floor, Okhla Industrial Estate, Phase-III, New Delhi-110 020 B-14.02958 August 27, 2003 December 13, 2018 2
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. Ronnie Finance Limited 261, First Floor, Okhla Industrial Estate, Phase-III, New Delhi-110 020 B-14.02958 August 27, 2003 December 13, 2018 2
جنوری 22, 2019
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - United Cooperative Bank Limited - Extension of Period
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-711303, 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 (AACS) from the close of business on July 18, 2018 which was valid till January 18, 2019. Reserve Bank of India has now, in public interest, further extende
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-711303, 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 (AACS) from the close of business on July 18, 2018 which was valid till January 18, 2019. Reserve Bank of India has now, in public interest, further extende
جنوری 18, 2019
RBI cancels Certificate of Registration of 31 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. Panther InvestTrade Ltd. 1st Floor, Radha Bhuvan, 121, Nagindas Master Road, Fort, Mumbai-400 023 13.01311 November 05, 1999 October 18, 2018
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. Panther InvestTrade Ltd. 1st Floor, Radha Bhuvan, 121, Nagindas Master Road, Fort, Mumbai-400 023 13.01311 November 05, 1999 October 18, 2018
جنوری 18, 2019
4 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. Thacker & Co. Ltd. Jatia Chambers, 60, Dr. V.B. Gandhi Marg, Mumbai-400 001 13
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. Thacker & Co. Ltd. Jatia Chambers, 60, Dr. V.B. Gandhi Marg, Mumbai-400 001 13
جنوری 16, 2019
Reserve Bank of India imposes monetary penalty on Bank of Maharashtra
The Reserve Bank of India (RBI) has imposed, by an order dated January 04, 2019, a monetary penalty of ₹10 million on Bank of Maharashtra (the bank) for non-compliance with Master Directions on Frauds-Classification and Reporting dated July 01, 2016 and Master Direction on Know Your Customer dated February 25, 2016 (updated as on July 08, 2016) issued by RBI. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A (1) (c)
The Reserve Bank of India (RBI) has imposed, by an order dated January 04, 2019, a monetary penalty of ₹10 million on Bank of Maharashtra (the bank) for non-compliance with Master Directions on Frauds-Classification and Reporting dated July 01, 2016 and Master Direction on Know Your Customer dated February 25, 2016 (updated as on July 08, 2016) issued by RBI. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A (1) (c)
جنوری 14, 2019
RBI imposes monetary penalty on Bajaj Finance Ltd
The Reserve Bank of India (RBI) has imposed, by an order dated January 03, 2019, a monetary penalty of ₹ 10.0 million on Bajaj Finance Ltd. (the NBFC) for violation of Fair Practices Code of Master Direction DNBR. PD. 008/03.10.119/2016-17 dated September 01, 2016. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 58G(1)(b) read with sub-section 5(aa) of section 58B of the RBI Act, 1934. This action is based on deficienc
The Reserve Bank of India (RBI) has imposed, by an order dated January 03, 2019, a monetary penalty of ₹ 10.0 million on Bajaj Finance Ltd. (the NBFC) for violation of Fair Practices Code of Master Direction DNBR. PD. 008/03.10.119/2016-17 dated September 01, 2016. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 58G(1)(b) read with sub-section 5(aa) of section 58B of the RBI Act, 1934. This action is based on deficienc
جنوری 11, 2019
RBI Issues Directions to Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad (Telangana)
The Reserve Bank of India is satisfied that in the interest of public, it is necessary to issue certain directions to Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad. 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 Sri Bharathi Co-operative Urb
The Reserve Bank of India is satisfied that in the interest of public, it is necessary to issue certain directions to Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad. 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 Sri Bharathi Co-operative Urb
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صفحے پر آخری اپ ڈیٹ: نومبر 22, 2024
