Press Releases - Enforcement - ربی - Reserve Bank of India
پریس اعلانیہ
جون 18, 2021
RBI imposes monetary penalty on Aman Sahakari Bank Ltd., Ichalkaranji
The Reserve Bank of India (RBI) has imposed, by an order dated June 18, 2021, a monetary penalty of ₹3 lakh (Rupees Three lakh only) on Aman Sahakari Bank Ltd., Ichalkaranji (the bank) for contravention of the instructions contained in 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 provisions of Section 4
The Reserve Bank of India (RBI) has imposed, by an order dated June 18, 2021, a monetary penalty of ₹3 lakh (Rupees Three lakh only) on Aman Sahakari Bank Ltd., Ichalkaranji (the bank) for contravention of the instructions contained in 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 provisions of Section 4
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جون 18, 2021
RBI imposes monetary penalty on Municipal Co-operative Bank Limited, Mumbai
The Reserve Bank of India (RBI) has imposed, by an order dated June 18, 2021, a monetary penalty of ₹2 lakh (Rupees Two lakh only) on Municipal Co-operative Bank Limited, Mumbai (the bank) for non-compliance with the directions issued by RBI on Maintenance of Deposit Accounts- Primary (Urban) Co-operative Banks. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(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 18, 2021, a monetary penalty of ₹2 lakh (Rupees Two lakh only) on Municipal Co-operative Bank Limited, Mumbai (the bank) for non-compliance with the directions issued by RBI on Maintenance of Deposit Accounts- Primary (Urban) Co-operative Banks. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) and Section 56 of the B
جون 15, 2021
RBl imposes monetary penalty on the Bijnor Urban Co-operative Bank Limited, Bijnor
The Reserve Bank of India (RBl) has imposed, by an order dated June 14, 2021, a monetary penalty of ₹6.00 lakh (Rupees Six Lakh only) on the Bijnor Urban Co-operative Bank Limited, Bijnor (the bank) for contravention of sections 20 and 35A read with section 56 of the Banking Regulation Act, 1949 and regulations on 'Guarantees, co-acceptances and letters of credit'. 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 June 14, 2021, a monetary penalty of ₹6.00 lakh (Rupees Six Lakh only) on the Bijnor Urban Co-operative Bank Limited, Bijnor (the bank) for contravention of sections 20 and 35A read with section 56 of the Banking Regulation Act, 1949 and regulations on 'Guarantees, co-acceptances and letters of credit'. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (
جون 15, 2021
RBl imposes monetary penalty on the National Urban Co-operative Bank Limited, New Delhi
The Reserve Bank of India (RBl) has imposed, by an order dated June 14, 2021, a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on the National Urban Co-operative Bank Limited, New Delhi (the bank) for contravention of section 36 (1) 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 imposed in exercise of powers vested i
The Reserve Bank of India (RBl) has imposed, by an order dated June 14, 2021, a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on the National Urban Co-operative Bank Limited, New Delhi (the bank) for contravention of section 36 (1) 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 imposed in exercise of powers vested i
جون 08, 2021
RBI imposes monetary penalty on The Dhrangadhra People’s Co-operative Bank Ltd., Dhrangadhra, Dist. Surendranagar, Gujarat
The Reserve Bank of India (RBI) has imposed, by an order dated June 08, 2021, a monetary penalty of ₹2.00 lakh (Rupees two lakh only) on The Dhrangadhra People’s Co-operative Bank Ltd., Dhrangadhra, Dist. Surendranagar, Gujarat (the bank) for non-compliance with RBI directions on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’ and ‘Depositor Education and Awareness Fund Scheme, 2014’. This penalty has been imposed in exercise of p
The Reserve Bank of India (RBI) has imposed, by an order dated June 08, 2021, a monetary penalty of ₹2.00 lakh (Rupees two lakh only) on The Dhrangadhra People’s Co-operative Bank Ltd., Dhrangadhra, Dist. Surendranagar, Gujarat (the bank) for non-compliance with RBI directions on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’ and ‘Depositor Education and Awareness Fund Scheme, 2014’. This penalty has been imposed in exercise of p
جون 07, 2021
RBI imposes monetary penalty on Punjab National Bank
The Reserve Bank of India (RBI) has imposed, by an order dated June 07, 2021, a monetary penalty of ₹2 crore (Rupees Two Crore only) on Punjab National Bank (the bank) for non-compliance of certain provisions of directions issued by RBI contained in the Master Directions on “Frauds – Classification and Reporting by commercial banks and select FIs” dated July 01, 2016 and, the circular on "Creation of a Central Repository of Large Common Exposures - Across Banks” dated
The Reserve Bank of India (RBI) has imposed, by an order dated June 07, 2021, a monetary penalty of ₹2 crore (Rupees Two Crore only) on Punjab National Bank (the bank) for non-compliance of certain provisions of directions issued by RBI contained in the Master Directions on “Frauds – Classification and Reporting by commercial banks and select FIs” dated July 01, 2016 and, the circular on "Creation of a Central Repository of Large Common Exposures - Across Banks” dated
جون 07, 2021
RBI imposes monetary penalty on Bank of India
The Reserve Bank of India (RBI) has imposed, by an order dated June 07, 2021, a monetary penalty of ₹4.00 crore (Rupees Four crore only) on Bank of India (the bank) for non-compliance with certain provisions of directions issued by RBI contained in the “Master Circular on KYC norms/AML standards/ CFT / Obligation of banks under PMLA, 2002” dated July 1, 2014, circular on “The Depositor Education and Awareness Fund Scheme, 2014 - Section 26A of Banking Regulation Act,
The Reserve Bank of India (RBI) has imposed, by an order dated June 07, 2021, a monetary penalty of ₹4.00 crore (Rupees Four crore only) on Bank of India (the bank) for non-compliance with certain provisions of directions issued by RBI contained in the “Master Circular on KYC norms/AML standards/ CFT / Obligation of banks under PMLA, 2002” dated July 1, 2014, circular on “The Depositor Education and Awareness Fund Scheme, 2014 - Section 26A of Banking Regulation Act,
مئی 28, 2021
Reserve Bank of India imposes monetary penalty on HDFC Bank Limited
The Reserve Bank of India (RBI) has imposed, by an order dated May 27, 2021, a monetary penalty of ₹10.00 crore (Rupees ten crore only) on HDFC Bank Limited (the bank) for contravention of provisions of section 6(2) and section 8 of the Banking Regulation Act, 1949 (the Act). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Act. This action is based on deficiencies in regulato
The Reserve Bank of India (RBI) has imposed, by an order dated May 27, 2021, a monetary penalty of ₹10.00 crore (Rupees ten crore only) on HDFC Bank Limited (the bank) for contravention of provisions of section 6(2) and section 8 of the Banking Regulation Act, 1949 (the Act). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Act. This action is based on deficiencies in regulato
مئی 21, 2021
Reserve Bank of India imposes monetary penalty on Babaji Date Mahila Sahakari Bank Limited, Yavatmal
The Reserve Bank of India (RBl) has imposed, by an order dated May 21, 2021, a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on Babaji Date Mahila Sahakari Bank Limited, Yavatmal, Maharashtra (the bank) for contravention of/non-compliance with the directions issued by RBI to Urban Cooperative Banks on Income Recognition and Asset Classification (IRAC), Know Your Customer (KYC) and Frauds - Classification and Reporting. This penalty has been imposed in exercis
The Reserve Bank of India (RBl) has imposed, by an order dated May 21, 2021, a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on Babaji Date Mahila Sahakari Bank Limited, Yavatmal, Maharashtra (the bank) for contravention of/non-compliance with the directions issued by RBI to Urban Cooperative Banks on Income Recognition and Asset Classification (IRAC), Know Your Customer (KYC) and Frauds - Classification and Reporting. This penalty has been imposed in exercis
مئی 20, 2021
RBI imposes monetary penalty on Daimler Financial Services India Private Limited, Pune, Maharashtra
The Reserve Bank of India (RBI) has, by an order dated May 19, 2021, imposed a monetary penalty of ₹10 Lakh (Rupees Ten Lakh only) on Daimler Financial Services India Private Limited, Pune (the company), Maharashtra for non-compliance with certain provisions of the directions issued by RBI contained in ‘Reserve Bank Commercial Paper Directions 2017’ and ‘Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reser
The Reserve Bank of India (RBI) has, by an order dated May 19, 2021, imposed a monetary penalty of ₹10 Lakh (Rupees Ten Lakh only) on Daimler Financial Services India Private Limited, Pune (the company), Maharashtra for non-compliance with certain provisions of the directions issued by RBI contained in ‘Reserve Bank Commercial Paper Directions 2017’ and ‘Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reser
مئی 20, 2021
Reserve Bank of India imposes monetary penalty on Tamilnad Mercantile Bank Ltd
The Reserve Bank of India (RBI) has, by an order dated May 20, 2021 imposed a monetary penalty of ₹1.00 crore (Rupees One crore only) on Tamilnad Mercantile Bank Ltd. (the bank) for non-compliance with certain provisions of directions issued by RBI on “Cyber Security Framework in Banks” dated June 2, 2016. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act,
The Reserve Bank of India (RBI) has, by an order dated May 20, 2021 imposed a monetary penalty of ₹1.00 crore (Rupees One crore only) on Tamilnad Mercantile Bank Ltd. (the bank) for non-compliance with certain provisions of directions issued by RBI on “Cyber Security Framework in Banks” dated June 2, 2016. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act,
مئی 20, 2021
Reserve Bank of India imposes monetary penalty on City Union Bank Limited
The Reserve Bank of India (RBI) has imposed, by an order dated May 19, 2021, a monetary penalty of ₹1 Crore (Rupees one Crore only) on City Union Bank Limited (the bank) for contravention of/non-compliance with certain provisions of the directions contained in the Reserve Bank of India (Lending to Micro, Small & Medium Enterprises (MSME) Sector) Directions, 2017 and the circulars on Educational Loan Scheme and Credit Flow to Agriculture – Agricultural Loans – Waiv
The Reserve Bank of India (RBI) has imposed, by an order dated May 19, 2021, a monetary penalty of ₹1 Crore (Rupees one Crore only) on City Union Bank Limited (the bank) for contravention of/non-compliance with certain provisions of the directions contained in the Reserve Bank of India (Lending to Micro, Small & Medium Enterprises (MSME) Sector) Directions, 2017 and the circulars on Educational Loan Scheme and Credit Flow to Agriculture – Agricultural Loans – Waiv
مئی 20, 2021
RBI imposes monetary penalty on Nutan Nagarik Sahakari Bank Ltd., Ahmedabad
The Reserve Bank of India (RBI) has, by an order dated May 20, 2021, imposed a monetary penalty of ₹90 lakh (Rupees ninety lakh only) on Nutan Nagarik Sahakari Bank Ltd., Ahmedabad (the bank) for non-compliance with directions issued by RBI contained in Master Directions on ‘Interest Rate on Deposits’, ‘Know Your Customer (KYC)’ and Circular on ‘Frauds Monitoring and Reporting Mechanism’. This penalty has been imposed in exercise of powers vested in RBI under section
The Reserve Bank of India (RBI) has, by an order dated May 20, 2021, imposed a monetary penalty of ₹90 lakh (Rupees ninety lakh only) on Nutan Nagarik Sahakari Bank Ltd., Ahmedabad (the bank) for non-compliance with directions issued by RBI contained in Master Directions on ‘Interest Rate on Deposits’, ‘Know Your Customer (KYC)’ and Circular on ‘Frauds Monitoring and Reporting Mechanism’. This penalty has been imposed in exercise of powers vested in RBI under section
مئی 18, 2021
RBI imposes monetary penalty on Priyadarshini Mahila Nagari Sahakari Bank Limited, Beed
The Reserve Bank of India (RBl) has imposed, by an order dated May 17, 2021, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Priyadarshini Mahila Nagari Sahakari Bank Limited, Beed, Maharashtra (the bank) for non-adherence/ violation of specific directions issued to the bank by the RBI under Supervisory Action Framework (SAF). 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
The Reserve Bank of India (RBl) has imposed, by an order dated May 17, 2021, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Priyadarshini Mahila Nagari Sahakari Bank Limited, Beed, Maharashtra (the bank) for non-adherence/ violation of specific directions issued to the bank by the RBI under Supervisory Action Framework (SAF). 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
مئی 11, 2021
RBI imposes monetary penalty on Siddheshwar Sahakari Bank Ltd., Latur, Maharashtra
The Reserve Bank of India (RBl) has imposed, by an order dated May 10, 2021, a monetary penalty of ₹3.50 lakh (Rupees Three Lakh Fifty Thousand only) on Siddheshwar Sahakari Bank Ltd., Latur, Maharashtra (the bank) for contravention of/non-compliance with the directions issued by RBI to Urban Cooperative Banks on Exposure Norms and Statutory/ Other Restrictions and Income Recognition and Asset Classification (IRAC) norms. This penalty has been imposed in exercise of p
The Reserve Bank of India (RBl) has imposed, by an order dated May 10, 2021, a monetary penalty of ₹3.50 lakh (Rupees Three Lakh Fifty Thousand only) on Siddheshwar Sahakari Bank Ltd., Latur, Maharashtra (the bank) for contravention of/non-compliance with the directions issued by RBI to Urban Cooperative Banks on Exposure Norms and Statutory/ Other Restrictions and Income Recognition and Asset Classification (IRAC) norms. This penalty has been imposed in exercise of p
مئی 11, 2021
RBI imposes monetary penalty on Shankar Nagari Sahakari Bank Limited, Nanded, Maharashtra
The Reserve Bank of India (RBl) has imposed, by an order dated May 10, 2021, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Shankar Nagari Sahakari Bank Limited, Nanded, Maharashtra (the bank) for contravention of/non-compliance with directions issued by the RBI to Urban Co-operative Banks 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
The Reserve Bank of India (RBl) has imposed, by an order dated May 10, 2021, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Shankar Nagari Sahakari Bank Limited, Nanded, Maharashtra (the bank) for contravention of/non-compliance with directions issued by the RBI to Urban Co-operative Banks 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
مئی 04, 2021
Reserve Bank of India imposes monetary penalty on Balaji Instalments Limited
The Reserve Bank of India (RBI) has, by an order dated May 03, 2021, imposed a monetary penalty of ₹9.50 lakh (Rupees Nine lakh Fifty thousand only) on Balaji Instalments Limited, Pilibhit (the company), for non-compliance with certain provisions of the directions issued by RBI contained in ‘Non-Banking Financial Company - Returns (Reserve Bank) Directions, 2016’ and ‘Non-Banking Financial Companies – Acceptance of Public Deposits (Reserve Bank) Directions, 1998 (as a
The Reserve Bank of India (RBI) has, by an order dated May 03, 2021, imposed a monetary penalty of ₹9.50 lakh (Rupees Nine lakh Fifty thousand only) on Balaji Instalments Limited, Pilibhit (the company), for non-compliance with certain provisions of the directions issued by RBI contained in ‘Non-Banking Financial Company - Returns (Reserve Bank) Directions, 2016’ and ‘Non-Banking Financial Companies – Acceptance of Public Deposits (Reserve Bank) Directions, 1998 (as a
مئی 04, 2021
Reserve Bank of India imposes monetary penalty on Jumbo Finvest (India) Limited
The Reserve Bank of India (RBI) has, by an order dated May 03, 2021, imposed a monetary penalty of ₹25.50 lakh (Rupees Twenty five lakh Fifty thousand only) on Jumbo Finvest (India) Limited, Jaipur (the company), for non-compliance with certain provisions of the directions issued by RBI contained in ‘Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016’ and ‘Reserve Bank of India,
The Reserve Bank of India (RBI) has, by an order dated May 03, 2021, imposed a monetary penalty of ₹25.50 lakh (Rupees Twenty five lakh Fifty thousand only) on Jumbo Finvest (India) Limited, Jaipur (the company), for non-compliance with certain provisions of the directions issued by RBI contained in ‘Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016’ and ‘Reserve Bank of India,
مئی 03, 2021
Reserve Bank of India imposes monetary penalty on ICICI Bank Ltd.
The Reserve Bank of India (RBI) has, by an order dated May 03, 2021, imposed a monetary penalty of ₹3 Crore (Rupees Three Crore only) on ICICI Bank Ltd. (the bank) for contravention of certain directions issued by RBI contained in Master Circular on ‘Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks’ dated July 01, 2015. 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, by an order dated May 03, 2021, imposed a monetary penalty of ₹3 Crore (Rupees Three Crore only) on ICICI Bank Ltd. (the bank) for contravention of certain directions issued by RBI contained in Master Circular on ‘Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks’ dated July 01, 2015. This penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1
اپریل 29, 2021
RBI imposes monetary penalty on The Yavatmal Urban Cooperative Bank Limited, Yavatmal, Maharashtra
The Reserve Bank of India (RBl) has imposed, by an order dated April 29, 2021, a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on The Yavatmal Urban Cooperative Bank Limited, Yavatmal, Maharashtra (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) (c) read
The Reserve Bank of India (RBl) has imposed, by an order dated April 29, 2021, a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on The Yavatmal Urban Cooperative Bank Limited, Yavatmal, Maharashtra (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) (c) read
اپریل 27, 2021
RBI imposes monetary penalty on Himachal Pradesh State Co-operative Bank Ltd., Shimla
The Reserve Bank of India (RBI) has, by an order dated April 27, 2021, imposed a monetary penalty of ₹40.00 Lakh (Rupees Forty Lakh only) on Himachal Pradesh State Co-operative Bank Ltd., Shimla (the bank) for non-compliance with regulatory directions issued by NABARD contained in “Review of Frauds - Guidelines on Monitoring and Reporting System”. This penalty has been imposed in exercise of powers vested in RBI under section 47A(1)(c) read with sections 46(4)(i) and
The Reserve Bank of India (RBI) has, by an order dated April 27, 2021, imposed a monetary penalty of ₹40.00 Lakh (Rupees Forty Lakh only) on Himachal Pradesh State Co-operative Bank Ltd., Shimla (the bank) for non-compliance with regulatory directions issued by NABARD contained in “Review of Frauds - Guidelines on Monitoring and Reporting System”. This penalty has been imposed in exercise of powers vested in RBI under section 47A(1)(c) read with sections 46(4)(i) and
اپریل 20, 2021
RBI imposes monetary penalty on Janata Sahakari Bank Limited, Gondia, Maharashtra
The Reserve Bank of India (RBl) has imposed, by an order dated April 19, 2021, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Janata Sahakari Bank Limited, Gondia, Maharashtra (the bank) for contravention of/ non-compliance with the directions issued by RBI to Urban Cooperative Banks on Board of Directors and Exposure Norms and Statutory/Other Restrictions. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47
The Reserve Bank of India (RBl) has imposed, by an order dated April 19, 2021, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Janata Sahakari Bank Limited, Gondia, Maharashtra (the bank) for contravention of/ non-compliance with the directions issued by RBI to Urban Cooperative Banks on Board of Directors and Exposure Norms and Statutory/Other Restrictions. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47
اپریل 20, 2021
RBI imposes monetary penalty on Jila Sahakari Kendriya Bank Maryadit, Sagar, Madhya Pradesh
The Reserve Bank of India (RBl) has imposed, by an order dated April 19, 2021, a monetary penalty of ₹0.50 lakh (Rupees Fifty Thousand only) on Jila Sahakari Kendriya Bank Maryadit, Sagar, Madhya Pradesh (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 Reserve Bank of India (RBl) has imposed, by an order dated April 19, 2021, a monetary penalty of ₹0.50 lakh (Rupees Fifty Thousand only) on Jila Sahakari Kendriya Bank Maryadit, Sagar, Madhya Pradesh (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
اپریل 20, 2021
RBI imposes monetary penalty on Dhule & Nandurbar Jilha Sarkari Nokaranchi Sahakari Bank Ltd., Dhule, Maharashtra
The Reserve Bank of India (RBl) has imposed, by an order dated April 19, 2021, a monetary penalty of ₹0.50 lakh (Rupees fifty Thousand only) on Dhule & Nandurbar Jilha Sarkari Nokaranchi Sahakari Bank Ltd., Dhule, Maharashtra (the bank) for contravention of/non-compliance with directions issued by the RBI to Urban Co-operative Banks on Exposure Norms and Statutory/ Other Restrictions - UCBs. This penalty has been imposed in exercise of powers vested in RBI under t
The Reserve Bank of India (RBl) has imposed, by an order dated April 19, 2021, a monetary penalty of ₹0.50 lakh (Rupees fifty Thousand only) on Dhule & Nandurbar Jilha Sarkari Nokaranchi Sahakari Bank Ltd., Dhule, Maharashtra (the bank) for contravention of/non-compliance with directions issued by the RBI to Urban Co-operative Banks on Exposure Norms and Statutory/ Other Restrictions - UCBs. This penalty has been imposed in exercise of powers vested in RBI under t
اپریل 16, 2021
Reserve Bank of India imposes monetary penalty on The Mehkar Urban Co-operative Bank Ltd., Mehkar, Maharashtra
The Reserve Bank of India (RBl) has imposed, by an order dated April 16, 2021, a monetary penalty of ₹0.50 lakh (Rupees Fifty Thousand only) on The Mehkar Urban Co-operative Bank Ltd., Mehkar (the bank) for contravention of/ non-compliance with the directions issued by RBI to Urban Cooperative Banks on Board of Directors and Exposure Norms and Statutory/Other Restrictions. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Sectio
The Reserve Bank of India (RBl) has imposed, by an order dated April 16, 2021, a monetary penalty of ₹0.50 lakh (Rupees Fifty Thousand only) on The Mehkar Urban Co-operative Bank Ltd., Mehkar (the bank) for contravention of/ non-compliance with the directions issued by RBI to Urban Cooperative Banks on Board of Directors and Exposure Norms and Statutory/Other Restrictions. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Sectio
مارچ 31, 2021
Reserve Bank of India imposes monetary penalty on The Citizens Co-operative Bank Ltd., Rajkot (Gujarat)
The Reserve Bank of India (RBI) has imposed, by an order dated March 26, 2021, a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on The Citizens Co-operative Bank Ltd., Rajkot (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Loans and advances to directors, relatives and firms /concerns in which they are interested’. 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 (RBI) has imposed, by an order dated March 26, 2021, a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on The Citizens Co-operative Bank Ltd., Rajkot (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Loans and advances to directors, relatives and firms /concerns in which they are interested’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sect
مارچ 30, 2021
Reserve Bank of India imposes monetary penalty on Shri Janata Sahakari Bank Ltd., Halol (Gujarat)
The Reserve Bank of India (RBI) has imposed, by an order dated March 26, 2021, a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on Shri Janata Sahakari Bank Ltd., Halol (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Loans and advances to directors, relatives and firms /concerns in which they are interested’ and ‘Loans and advances to directors etc. – directors as surety/guarantors – Clarification’. This penalty has been imposed in exerci
The Reserve Bank of India (RBI) has imposed, by an order dated March 26, 2021, a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on Shri Janata Sahakari Bank Ltd., Halol (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Loans and advances to directors, relatives and firms /concerns in which they are interested’ and ‘Loans and advances to directors etc. – directors as surety/guarantors – Clarification’. This penalty has been imposed in exerci
مارچ 30, 2021
Reserve Bank of India imposes monetary penalty on Akhand Anand Co-operative Bank Ltd., Surat (Gujarat)
The Reserve Bank of India (RBI) has imposed, by an order dated March 26, 2021, a monetary penalty of ₹2.00 lakh (Rupees two lakh only) on Akhand Anand Co-operative Bank Ltd., Surat (Gujarat) (the bank) for contravention of directions issued by RBI on (i) ‘Loans and advances to directors, relatives and firms /concerns in which they are interested’ read with ‘Loans and advances to directors etc. – directors as surety/guarantors – Clarification’, (ii) ‘Maintenance of Sta
The Reserve Bank of India (RBI) has imposed, by an order dated March 26, 2021, a monetary penalty of ₹2.00 lakh (Rupees two lakh only) on Akhand Anand Co-operative Bank Ltd., Surat (Gujarat) (the bank) for contravention of directions issued by RBI on (i) ‘Loans and advances to directors, relatives and firms /concerns in which they are interested’ read with ‘Loans and advances to directors etc. – directors as surety/guarantors – Clarification’, (ii) ‘Maintenance of Sta
مارچ 23, 2021
Reserve Bank of India imposes monetary penalty on Sonata Finance Private Limited
The Reserve Bank of India (RBI) has, by an order dated March 23, 2021, imposed a monetary penalty of ₹15 lakh (Rupees Fifteen lakh only) on Sonata Finance Private Limited, Lucknow, Uttar Pradesh (the company), for non-compliance with certain provisions of the directions issued by RBI on ‘Pricing of Credit’ contained in Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016. This pena
The Reserve Bank of India (RBI) has, by an order dated March 23, 2021, imposed a monetary penalty of ₹15 lakh (Rupees Fifteen lakh only) on Sonata Finance Private Limited, Lucknow, Uttar Pradesh (the company), for non-compliance with certain provisions of the directions issued by RBI on ‘Pricing of Credit’ contained in Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016. This pena
مارچ 23, 2021
Reserve Bank of India imposes monetary penalty on Nagpur Mahanagarpalika Karmachari Sahakari Bank Ltd., Nagpur
The Reserve Bank of India (RBl) has imposed, by an order dated March 23, 2021, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Nagpur Mahanagarpalika Karmachari Sahakari Bank Ltd., Nagpur (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 47A(1)(c) read with Section 46(4
The Reserve Bank of India (RBl) has imposed, by an order dated March 23, 2021, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Nagpur Mahanagarpalika Karmachari Sahakari Bank Ltd., Nagpur (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 47A(1)(c) read with Section 46(4
مارچ 22, 2021
Reserve Bank of India imposes monetary penalty on Koyana Sahakari Bank Limited, Karad, Satara, Maharashtra
The Reserve Bank of India (RBI) has imposed, by an order dated March 22, 2021, a monetary penalty of ₹6 lakh (Rupees Six lakh only) on Koyana Sahakari Bank Limited, Karad (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 56 of the Banking Regulatio
The Reserve Bank of India (RBI) has imposed, by an order dated March 22, 2021, a monetary penalty of ₹6 lakh (Rupees Six lakh only) on Koyana Sahakari Bank Limited, Karad (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 56 of the Banking Regulatio
مارچ 22, 2021
Reserve Bank of India imposes monetary penalty on Fedbank Financial Services Limited
The Reserve Bank of India (RBI) has, by an order dated March 22, 2021, imposed a monetary penalty of ₹15 lakh (Rupees Fifteen lakh only) on Fedbank Financial Services Limited, Mumbai (the company) for non-compliance with certain provisions of the directions issued by the Reserve Bank of India (RBI) contained in “Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of clau
The Reserve Bank of India (RBI) has, by an order dated March 22, 2021, imposed a monetary penalty of ₹15 lakh (Rupees Fifteen lakh only) on Fedbank Financial Services Limited, Mumbai (the company) for non-compliance with certain provisions of the directions issued by the Reserve Bank of India (RBI) contained in “Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of clau
مارچ 19, 2021
RBI imposes monetary penalty on Vyavsayik evam Audhyogik Sahakari Bank Limited, Morena, Madhya Pradesh
The Reserve Bank of India (RBl) has imposed, by an order dated March 18, 2021, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Vyavsayik evam Audhyogik Sahakari Bank Limited, Morena, Madhya Pradesh (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
The Reserve Bank of India (RBl) has imposed, by an order dated March 18, 2021, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Vyavsayik evam Audhyogik Sahakari Bank Limited, Morena, Madhya Pradesh (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
مارچ 19, 2021
RBI imposes monetary penalty on Arvind Sahakari Bank Limited, Katol, Maharashtra
The Reserve Bank of India (RBl) has imposed, by an order dated March 18, 2021, a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on Arvind Sahakari Bank Limited, Katol, Maharashtra (the bank) for contravention of/ non-compliance with the directions issued by RBI on installing Off-site ATMs. 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 Regu
The Reserve Bank of India (RBl) has imposed, by an order dated March 18, 2021, a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on Arvind Sahakari Bank Limited, Katol, Maharashtra (the bank) for contravention of/ non-compliance with the directions issued by RBI on installing Off-site ATMs. 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 Regu
مارچ 18, 2021
RBI imposes monetary penalty on The Irinjalakuda Town Co-operative Bank Ltd. No.55, Irinjalakuda, Thrissur District, Kerala
The Reserve Bank of India (RBI) has imposed, by an order dated March 17, 2021, a monetary penalty of ₹50.00 lakh (Rupees fifty lakh only) on The Irinjalakuda Town Co-operative Bank Ltd. No.55, Irinjalakuda, Thrissur District, Kerala (the bank) for contravention of/non-compliance with the directions issued by RBI on “Income Recognition and Asset Classification” and on “Management of Advances – UCBs”. The penalty has been imposed on the bank in exercise of powers vested
The Reserve Bank of India (RBI) has imposed, by an order dated March 17, 2021, a monetary penalty of ₹50.00 lakh (Rupees fifty lakh only) on The Irinjalakuda Town Co-operative Bank Ltd. No.55, Irinjalakuda, Thrissur District, Kerala (the bank) for contravention of/non-compliance with the directions issued by RBI on “Income Recognition and Asset Classification” and on “Management of Advances – UCBs”. The penalty has been imposed on the bank in exercise of powers vested
مارچ 18, 2021
RBI imposes monetary penalty on Priyadarshini Urban Co-operative Bank Ltd, Adoni, Kurnool District, Andhra Pradesh
The Reserve Bank of India (RBI) has imposed, by an order dated March 17, 2021, a monetary penalty of ₹10.00 lakh (Rupees ten lakh only) on Priyadarshini Urban Co-operative Bank Ltd, Adoni, Kurnool District, Andhra Pradesh (the bank) for contravention of / non-compliance with the directions issued by RBI on sanction of loans to Directors of the Bank, “Income Recognition and Asset Classification norms”, and “Exposure Norms and Statutory / Other restrictions – UCBs”. Thi
The Reserve Bank of India (RBI) has imposed, by an order dated March 17, 2021, a monetary penalty of ₹10.00 lakh (Rupees ten lakh only) on Priyadarshini Urban Co-operative Bank Ltd, Adoni, Kurnool District, Andhra Pradesh (the bank) for contravention of / non-compliance with the directions issued by RBI on sanction of loans to Directors of the Bank, “Income Recognition and Asset Classification norms”, and “Exposure Norms and Statutory / Other restrictions – UCBs”. Thi
مارچ 17, 2021
Reserve Bank of India imposes monetary penalty on Indore Paraspar Sahakari Bank Limited, Indore
The Reserve Bank of India (RBl) has imposed, by an order dated March 16, 2021, a monetary penalty of ₹1.00 lakh on Indore Paraspar Sahakari Bank Limited, Indore (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 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Banking Regul
The Reserve Bank of India (RBl) has imposed, by an order dated March 16, 2021, a monetary penalty of ₹1.00 lakh on Indore Paraspar Sahakari Bank Limited, Indore (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 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Banking Regul
مارچ 17, 2021
Reserve Bank of India imposes monetary penalty on Jila Sahakari Kendriya Bank Maryadit, Tikamgarh
The Reserve Bank of India (RBl) has imposed, by an order dated March 16, 2021, a monetary penalty of ₹0.50 lakh on Jila Sahakari Kendriya Bank Maryadit, Tikamgarh (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 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Banking Regulation Act, 1949, taking into
The Reserve Bank of India (RBl) has imposed, by an order dated March 16, 2021, a monetary penalty of ₹0.50 lakh on Jila Sahakari Kendriya Bank Maryadit, Tikamgarh (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 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Banking Regulation Act, 1949, taking into
مارچ 16, 2021
RBI imposes monetary penalty on State Bank of India
The Reserve Bank of India (RBI) has, by an order dated March 15, 2021, imposed a monetary penalty of ₹2 Crore (Rupees Two Crore only) on State Bank of India (the bank) for contravention of provisions of section 10 (1) (b) (ii) of the Banking Regulation Act, 1949 (the Act) and specific directions of RBI issued to the bank on payment of remuneration to employees in the form of commission. This penalty has been imposed in exercise of powers vested in RBI under the provis
The Reserve Bank of India (RBI) has, by an order dated March 15, 2021, imposed a monetary penalty of ₹2 Crore (Rupees Two Crore only) on State Bank of India (the bank) for contravention of provisions of section 10 (1) (b) (ii) of the Banking Regulation Act, 1949 (the Act) and specific directions of RBI issued to the bank on payment of remuneration to employees in the form of commission. This penalty has been imposed in exercise of powers vested in RBI under the provis
مارچ 12, 2021
RBI imposes monetary penalty on the United India Co-operative Bank Limited, Nagina
The Reserve Bank of India (RBI) has imposed, by an order dated March 10, 2021, a monetary penalty of ₹1.00 lakh on the United India Co-operative Bank Limited, Nagina (the bank) for contravention of section 27 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 Banking Regulation Act, 1949, taking into a
The Reserve Bank of India (RBI) has imposed, by an order dated March 10, 2021, a monetary penalty of ₹1.00 lakh on the United India Co-operative Bank Limited, Nagina (the bank) for contravention of section 27 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 Banking Regulation Act, 1949, taking into a
مارچ 08, 2021
Reserve Bank of India imposes monetary penalty on Walchandnagar Sahakari Bank Ltd., Pune
The Reserve Bank of India (RBI) has imposed, by an order dated March 08, 2021, a monetary penalty of Rupees Five Thousand only on Walchandnagar Sahakari Bank Ltd., Pune (the bank) for contravention of the provisions of the Credit Information Companies (Regulation) Act, 2005 (CIC Act) and RBI directions on membership of Credit Information Companies by Co-operative Banks. This penalty has been imposed in exercise of powers conferred upon RBI under the provisions of Sect
The Reserve Bank of India (RBI) has imposed, by an order dated March 08, 2021, a monetary penalty of Rupees Five Thousand only on Walchandnagar Sahakari Bank Ltd., Pune (the bank) for contravention of the provisions of the Credit Information Companies (Regulation) Act, 2005 (CIC Act) and RBI directions on membership of Credit Information Companies by Co-operative Banks. This penalty has been imposed in exercise of powers conferred upon RBI under the provisions of Sect
فروری 26, 2021
Reserve Bank of India imposes monetary penalty on Bank of Maharashtra
The Reserve Bank of India (RBI) has imposed, by an order dated February 25, 2021, a monetary penalty of ₹2 crore on Bank of Maharashtra (the bank) for contravention of / non-compliance with certain provisions of the directions contained in Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) directions 2016 and the circulars on Concurrent Audit System in Commercial Banks - Revision of RBI's Guidelines, Disclosure of customer c
The Reserve Bank of India (RBI) has imposed, by an order dated February 25, 2021, a monetary penalty of ₹2 crore on Bank of Maharashtra (the bank) for contravention of / non-compliance with certain provisions of the directions contained in Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) directions 2016 and the circulars on Concurrent Audit System in Commercial Banks - Revision of RBI's Guidelines, Disclosure of customer c
فروری 22, 2021
RBI imposes monetary penalty on Jilla Sahakari Kendriya Bank Maryadit, Sidhi, Madhya Pradesh
The Reserve Bank of India (RBl) has, by an order dated February 22, 2021, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on Jilla Sahakari Kendriya Bank Maryadit, Sidhi (the bank) for non-compliance with the provisions of the Banking Regulation Act, 1949 (the Act) and the Depositor Education and Awareness Fund Scheme, 2014. The penalty has been imposed on the bank in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read wi
The Reserve Bank of India (RBl) has, by an order dated February 22, 2021, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on Jilla Sahakari Kendriya Bank Maryadit, Sidhi (the bank) for non-compliance with the provisions of the Banking Regulation Act, 1949 (the Act) and the Depositor Education and Awareness Fund Scheme, 2014. The penalty has been imposed on the bank in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read wi
فروری 05, 2021
Reserve Bank of India imposes monetary penalty on The Gondia District Central Co-operative Bank Limited, Gondia
The Reserve Bank of India (RBl) has, by an order dated February 05, 2021, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on The Gondia District Central Co-operative Bank Limited, Gondia (the bank) for non-compliance with certain directions issued by RBI contained in the “Master Direction - Know Your Customer (KYC) Direction, 2016”. The penalty has been imposed on the bank in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c)
The Reserve Bank of India (RBl) has, by an order dated February 05, 2021, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on The Gondia District Central Co-operative Bank Limited, Gondia (the bank) for non-compliance with certain directions issued by RBI contained in the “Master Direction - Know Your Customer (KYC) Direction, 2016”. The penalty has been imposed on the bank in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c)
فروری 04, 2021
Reserve Bank of India imposes monetary penalty on The Guntur Women Cooperative Urban Bank Ltd., Guntur, Andhra Pradesh
The Reserve Bank of India (RBI) has, by an order dated February 03, 2021, imposed a monetary penalty of ₹5.00 lakh (Rupees five lakh only) on The Guntur Women Cooperative Urban Bank Ltd., Guntur, Andhra Pradesh (the bank) for contravention of the directions issued by RBI on prohibition of loans and advances to Directors or their relatives, income recognition and asset classification and grant of loans against security of gold jewellery. The penalty has been imposed on
The Reserve Bank of India (RBI) has, by an order dated February 03, 2021, imposed a monetary penalty of ₹5.00 lakh (Rupees five lakh only) on The Guntur Women Cooperative Urban Bank Ltd., Guntur, Andhra Pradesh (the bank) for contravention of the directions issued by RBI on prohibition of loans and advances to Directors or their relatives, income recognition and asset classification and grant of loans against security of gold jewellery. The penalty has been imposed on
فروری 03, 2021
Reserve Bank of India imposes monetary penalty on Seva Vikas Cooperative Bank Limited, Pune
The Reserve Bank of India (RBI) has, by an order dated February 02, 2021, imposed a monetary penalty of ₹55 lakh (Rupees Fifty Five lakh only) on Seva Vikas Cooperative Bank Limited, Pune (the bank) for non-compliance with certain directions issued by RBI contained in the “Master Circular - Management of Advances -UCBs” and “Master Circular - Income Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs.” The penalty has been imposed on the b
The Reserve Bank of India (RBI) has, by an order dated February 02, 2021, imposed a monetary penalty of ₹55 lakh (Rupees Fifty Five lakh only) on Seva Vikas Cooperative Bank Limited, Pune (the bank) for non-compliance with certain directions issued by RBI contained in the “Master Circular - Management of Advances -UCBs” and “Master Circular - Income Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs.” The penalty has been imposed on the b
فروری 03, 2021
Reserve Bank of India imposes monetary penalty on The Kalpavruksha Co-operative Bank Limited, Chikkanayakanahalli, Tumakuru Dist. (Karnataka)
The Reserve Bank of India (RBI) has, by an order dated February 2, 2021, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on The Kalpavruksha Co-operative Bank Limited (the bank) for non-compliance with certain directions issued by RBI contained in the “Master Circular on Board of Directors-UCBs”. 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) (i) of the Banking Regu
The Reserve Bank of India (RBI) has, by an order dated February 2, 2021, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on The Kalpavruksha Co-operative Bank Limited (the bank) for non-compliance with certain directions issued by RBI contained in the “Master Circular on Board of Directors-UCBs”. 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) (i) of the Banking Regu
فروری 02, 2021
Reserve Bank of India imposes monetary penalty on Konnagar Samabaya Bank Limited and The Santragachi Co-operative Bank Limited
The Reserve Bank of India (RBI) has, by orders dated January 29, 2021 imposed monetary penalties on the following co-operative banks for contravention of/non-compliance with the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”: Sl. No. Name of the Bank Penalty Amount (₹ In lakh) 1 Konnagar Samabaya Bank Limited, Hoogly, West Bengal 2.00 2 The Santragachi Co-operative Bank Limited, Howrah, West Bengal 2.00 The penalties have been impos
The Reserve Bank of India (RBI) has, by orders dated January 29, 2021 imposed monetary penalties on the following co-operative banks for contravention of/non-compliance with the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”: Sl. No. Name of the Bank Penalty Amount (₹ In lakh) 1 Konnagar Samabaya Bank Limited, Hoogly, West Bengal 2.00 2 The Santragachi Co-operative Bank Limited, Howrah, West Bengal 2.00 The penalties have been impos
جنوری 21, 2021
Reserve Bank of India imposes monetary penalty on Standard Chartered Bank - India
The Reserve Bank of India (RBI) has, by an order dated January 21, 2021, imposed a monetary penalty of ₹2 Crore (Rupees Two Crore only) on Standard Chartered Bank–India (the bank) for non-compliance with certain directions issued by RBI contained in the “Reserve Bank of India (Frauds - Classification and Reporting by commercial banks and select FIs) Directions 2016”. The 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 January 21, 2021, imposed a monetary penalty of ₹2 Crore (Rupees Two Crore only) on Standard Chartered Bank–India (the bank) for non-compliance with certain directions issued by RBI contained in the “Reserve Bank of India (Frauds - Classification and Reporting by commercial banks and select FIs) Directions 2016”. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A
جنوری 13, 2021
Reserve Bank of India imposes monetary penalty on The Mandvi Mercantile Co-operative Bank Ltd., Mandvi, Dist. Kutch (Gujarat)
The Reserve Bank of India (RBI) has imposed, by an order dated January 13, 2021, a monetary penalty of ₹1 lakh on The Mandvi Mercantile Co-operative Bank Ltd., Mandvi, Dist. Kutch (Gujarat) (the bank) for contravention of RBI directions on ‘Loans and Advances to Directors, Relatives and Firms/Concerns in which they are Interested’ and ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of pow
The Reserve Bank of India (RBI) has imposed, by an order dated January 13, 2021, a monetary penalty of ₹1 lakh on The Mandvi Mercantile Co-operative Bank Ltd., Mandvi, Dist. Kutch (Gujarat) (the bank) for contravention of RBI directions on ‘Loans and Advances to Directors, Relatives and Firms/Concerns in which they are Interested’ and ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of pow
جنوری 13, 2021
Reserve Bank of India imposes monetary penalty on Alavi Co-operative Bank Ltd., Vadodara (Gujarat)
The Reserve Bank of India (RBI) has imposed, by an order dated January 13, 2021, a monetary penalty of ₹0.50 lakh on Alavi Co-operative Bank Ltd., Vadodara (Gujarat) (the bank) for contravention of RBI directions on ‘Loans and Advances to Directors, Relatives and Firms/Concerns in which they are Interested’. 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
The Reserve Bank of India (RBI) has imposed, by an order dated January 13, 2021, a monetary penalty of ₹0.50 lakh on Alavi Co-operative Bank Ltd., Vadodara (Gujarat) (the bank) for contravention of RBI directions on ‘Loans and Advances to Directors, Relatives and Firms/Concerns in which they are Interested’. 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
جنوری 12, 2021
Reserve Bank of India imposes monetary penalty on Deutsche Bank AG
The Reserve Bank of India (RBI) has, by an order dated January 12, 2021, imposed a monetary penalty of ₹2 crore (Rupees Two Crore only) on Deutsche Bank AG (the bank) for non-compliance with certain provisions of directions issued by RBI contained in the “Reserve Bank of India (Interest Rate on Deposits) Directions, 2016”. 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) (i) of the B
The Reserve Bank of India (RBI) has, by an order dated January 12, 2021, imposed a monetary penalty of ₹2 crore (Rupees Two Crore only) on Deutsche Bank AG (the bank) for non-compliance with certain provisions of directions issued by RBI contained in the “Reserve Bank of India (Interest Rate on Deposits) Directions, 2016”. 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) (i) of the B
جنوری 05, 2021
Reserve Bank of India imposes monetary penalty on Bajaj Finance Limited
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹2.50 crore (Rupees Two crore Fifty lakh only) on Bajaj Finance Limited, Pune (the company), by an order dated January 05, 2021, for violation of (i) directions issued by RBI on Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs and Fair Practices Code (FPC) for applicable NBFCs, contained in the Non-Banking Financial Company - Systemically Important Non-Deposit taking Comp
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹2.50 crore (Rupees Two crore Fifty lakh only) on Bajaj Finance Limited, Pune (the company), by an order dated January 05, 2021, for violation of (i) directions issued by RBI on Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs and Fair Practices Code (FPC) for applicable NBFCs, contained in the Non-Banking Financial Company - Systemically Important Non-Deposit taking Comp
جنوری 04, 2021
Reserve Bank of India imposes monetary penalty on Maharashtra Nagari Sahakari Bank Maryadit, Latur
The Reserve Bank of India (RBl) has imposed, by an order dated January 04, 2021 a monetary penalty of ₹2.00 lakh on Maharashtra Nagari Sahakari Bank Maryadit, Latur (the bank) for non-compliance with directions issued by RBI on Know Your Customer (KYC). 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) (i) and section 56 of the Banking Regulation Act, 1949, taking into account the fai
The Reserve Bank of India (RBl) has imposed, by an order dated January 04, 2021 a monetary penalty of ₹2.00 lakh on Maharashtra Nagari Sahakari Bank Maryadit, Latur (the bank) for non-compliance with directions issued by RBI on Know Your Customer (KYC). 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) (i) and section 56 of the Banking Regulation Act, 1949, taking into account the fai
جنوری 04, 2021
Reserve Bank of India imposes monetary penalty on Vyavasayik Sahakari Bank Maryadit, Raipur
The Reserve Bank of India (RBl) has imposed, by an order dated January 04, 2021 a monetary penalty of ₹5.00 lakh on Vyavasayik Sahakari Bank Maryadit, Raipur (the bank) for non-compliance with directions issued by RBI on opening of On-site ATM and Know Your Customer (KYC). 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) (i) and section 56 of the Banking Regulation Act, 1949, taking
The Reserve Bank of India (RBl) has imposed, by an order dated January 04, 2021 a monetary penalty of ₹5.00 lakh on Vyavasayik Sahakari Bank Maryadit, Raipur (the bank) for non-compliance with directions issued by RBI on opening of On-site ATM and Know Your Customer (KYC). 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) (i) and section 56 of the Banking Regulation Act, 1949, taking
دسمبر 15, 2020
Reserve Bank of India imposes monetary penalty on The Urban Co-operative Bank Ltd. No.1758, Perinthalmanna, Malappuram District, Kerala
The Reserve Bank of India (RBI) has imposed, by an order dated December 11, 2020, a monetary penalty of ₹50.00 lakh (Rupees fifty lakh only) on The Urban Co-operative Bank Ltd. No. 1758, Perinthalmanna, (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms and on Management of Advances-UCBs. 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 December 11, 2020, a monetary penalty of ₹50.00 lakh (Rupees fifty lakh only) on The Urban Co-operative Bank Ltd. No. 1758, Perinthalmanna, (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms and on Management of Advances-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) re
دسمبر 04, 2020
Reserve Bank of India imposes monetary penalty on: 1) The Berhampur Co-operative Urban Bank Ltd. 2) The Boral Union Co-operative Bank Ltd. and 3) The Khatra People’s Co-operative Bank Ltd.
The Reserve Bank of India (RBI) has imposed monetary penalties on the following co-operative banks for contravention of/non-compliance with the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”. Sl. Name of the Bank Penalty Amount (₹ In lakh) Order Date 1 The Berhampur Co-operative Urban Bank Ltd. (Odisha) 2.00 December 03, 2020 2 The Boral Union Co-operative Bank Ltd. (West Bengal) 2.00 December 03, 2020 3 Khatra People’s Co-operative
The Reserve Bank of India (RBI) has imposed monetary penalties on the following co-operative banks for contravention of/non-compliance with the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”. Sl. Name of the Bank Penalty Amount (₹ In lakh) Order Date 1 The Berhampur Co-operative Urban Bank Ltd. (Odisha) 2.00 December 03, 2020 2 The Boral Union Co-operative Bank Ltd. (West Bengal) 2.00 December 03, 2020 3 Khatra People’s Co-operative
دسمبر 01, 2020
Reserve Bank of India imposes monetary penalty on The Karad Urban Co-operative Bank Ltd.
The Reserve Bank of India (RBI) has imposed, by an order dated December 1, 2020, a monetary penalty of ₹10 lakh (Rupees Ten lakh only) on The Karad Urban Co-operative Bank Ltd. (the bank) for contravention of certain directions issued by RBI under the Supervisory Action Framework. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Banking Regulation Act, 1949, taki
The Reserve Bank of India (RBI) has imposed, by an order dated December 1, 2020, a monetary penalty of ₹10 lakh (Rupees Ten lakh only) on The Karad Urban Co-operative Bank Ltd. (the bank) for contravention of certain directions issued by RBI under the Supervisory Action Framework. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Banking Regulation Act, 1949, taki
نومبر 19, 2020
Reserve Bank of India imposes monetary penalty on Muthoot Finance Limited
The Reserve Bank of India (RBI) has imposed, by an order dated November 19, 2020, a monetary penalty of ₹10.00 lakh (Rupees Ten lakh only) on Muthoot Finance Limited, Ernakulam (the company), for non-compliance with directions issued by RBI on maintenance of Loan to Value ratio in gold loans and on obtaining copy of PAN card of the borrower while granting gold loans in excess of ₹ 5.00 lakh, contained in Non-Banking Financial Company - Systemically Important Non-Depos
The Reserve Bank of India (RBI) has imposed, by an order dated November 19, 2020, a monetary penalty of ₹10.00 lakh (Rupees Ten lakh only) on Muthoot Finance Limited, Ernakulam (the company), for non-compliance with directions issued by RBI on maintenance of Loan to Value ratio in gold loans and on obtaining copy of PAN card of the borrower while granting gold loans in excess of ₹ 5.00 lakh, contained in Non-Banking Financial Company - Systemically Important Non-Depos
نومبر 19, 2020
Reserve Bank of India imposes monetary penalty on Manappuram Finance Limited
The Reserve Bank of India (RBI) has imposed, by an order dated November 19, 2020, a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on Manappuram Finance Limited, Thrissur (the company), for non-compliance with directions issued by RBI on verification of ownership of gold jewellery, contained in Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016. This penalty has been impo
The Reserve Bank of India (RBI) has imposed, by an order dated November 19, 2020, a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on Manappuram Finance Limited, Thrissur (the company), for non-compliance with directions issued by RBI on verification of ownership of gold jewellery, contained in Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016. This penalty has been impo
نومبر 18, 2020
Reserve Bank of India imposes monetary penalty on Nissan Renault Financial Services India Private Limited
The Reserve Bank of India (RBI) has imposed, by an order dated November 17, 2020, a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on Nissan Renault Financial Services India Private Limited, Chennai, for non-compliance with RBI directions contained in Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 on Fair Practices Code for applicable NBFCs. This penalty has been impo
The Reserve Bank of India (RBI) has imposed, by an order dated November 17, 2020, a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on Nissan Renault Financial Services India Private Limited, Chennai, for non-compliance with RBI directions contained in Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 on Fair Practices Code for applicable NBFCs. This penalty has been impo
نومبر 17, 2020
Reserve Bank of India imposes monetary penalty on Shushruti Souharda Sahakara Bank Niyamita, Bengaluru, Karnataka
The Reserve Bank of India (RBI) has imposed, by an order dated November 16, 2020, a monetary penalty of ₹ 20.00 lakh (Rupees twenty lakh only) on Shushruti Souharda Sahakara Bank Niyamita (the bank) for non-compliance with certain provisions of the directions issued by RBI, contained in the circular on Income Recognition, Asset Classification provisioning and other related Matters-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provis
The Reserve Bank of India (RBI) has imposed, by an order dated November 16, 2020, a monetary penalty of ₹ 20.00 lakh (Rupees twenty lakh only) on Shushruti Souharda Sahakara Bank Niyamita (the bank) for non-compliance with certain provisions of the directions issued by RBI, contained in the circular on Income Recognition, Asset Classification provisioning and other related Matters-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provis
نومبر 17, 2020
Reserve Bank of India imposes monetary penalty on The Deccan Urban Co-Operative Bank Limited, Vijayapura, Karnataka
The Reserve Bank of India (RBI) has imposed, by an order dated November 16, 2020, a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on The Deccan Urban Co-operative Bank Limited, Vijayapura (the bank) for contravention of the directions issued by RBI on prohibition of loans and advances to Directors. 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 Ba
The Reserve Bank of India (RBI) has imposed, by an order dated November 16, 2020, a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on The Deccan Urban Co-operative Bank Limited, Vijayapura (the bank) for contravention of the directions issued by RBI on prohibition of loans and advances to Directors. 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 Ba
نومبر 10, 2020
Reserve Bank of India imposes monetary penalty on Central Bank of India
Reserve Bank of India (RBI) has, by an order dated November 10, 2020, imposed a monetary penalty of ₹ 50 lakh (Rupees Fifty lakh only) on Central Bank of India (the bank) for non-compliance with certain provisions of directions issued by RBI contained in the circular on “Housing Sector- Innovative Housing Loan Products – Upfront disbursal of housing loans” dated September 3, 2013. The penalty has been imposed in exercise of powers vested in RBI under the provisions of
Reserve Bank of India (RBI) has, by an order dated November 10, 2020, imposed a monetary penalty of ₹ 50 lakh (Rupees Fifty lakh only) on Central Bank of India (the bank) for non-compliance with certain provisions of directions issued by RBI contained in the circular on “Housing Sector- Innovative Housing Loan Products – Upfront disbursal of housing loans” dated September 3, 2013. The penalty has been imposed in exercise of powers vested in RBI under the provisions of
نومبر 04, 2020
Reserve Bank of India imposes monetary penalty on Millath Co-operative Bank, Davangere, Karnataka
The Reserve Bank of India (RBI) has imposed, by an order dated November 3, 2020, a monetary penalty of ₹10.00 lakh (Rupees ten lakh only) on Millath Co-operative Bank for non-adherence / violation of All Inclusive Directions and other directions imposed on the bank. 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, taking into a
The Reserve Bank of India (RBI) has imposed, by an order dated November 3, 2020, a monetary penalty of ₹10.00 lakh (Rupees ten lakh only) on Millath Co-operative Bank for non-adherence / violation of All Inclusive Directions and other directions imposed on the bank. 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, taking into a
نومبر 04, 2020
Reserve Bank of India imposes monetary penalty on The Thiruvaikuntam Co-Operative Urban Bank Limited, Thoothukudi District, Tamil Nadu
The Reserve Bank of India (RBI) has imposed, by an order dated November 3, 2020, a monetary penalty of ₹5.00 lakh (Rupees five lakh only) on The Thiruvaikuntam Co-operative Urban Bank Limited (the bank) for contravention of the directions issued by RBI on prohibition of loans and advances to Directors. 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 Bankin
The Reserve Bank of India (RBI) has imposed, by an order dated November 3, 2020, a monetary penalty of ₹5.00 lakh (Rupees five lakh only) on The Thiruvaikuntam Co-operative Urban Bank Limited (the bank) for contravention of the directions issued by RBI on prohibition of loans and advances to Directors. 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 Bankin
اکتوبر 28, 2020
Reserve Bank of India imposes monetary penalty on Jio Payments Bank Limited
The Reserve Bank of India (RBI) has imposed, by an order dated October 28, 2020, a monetary penalty of ₹ 1 crore on Jio Payments Bank Limited (the bank) for non-compliance with RBI directions on timely submission of application in the case of reappointment of Managing Director and Chief Executive Officer (MD & CEO) under Section 35B of the Banking Regulation Act, 1949 (the Act). This penalty has been imposed in exercise of powers vested in RBI under the provisions
The Reserve Bank of India (RBI) has imposed, by an order dated October 28, 2020, a monetary penalty of ₹ 1 crore on Jio Payments Bank Limited (the bank) for non-compliance with RBI directions on timely submission of application in the case of reappointment of Managing Director and Chief Executive Officer (MD & CEO) under Section 35B of the Banking Regulation Act, 1949 (the Act). This penalty has been imposed in exercise of powers vested in RBI under the provisions
اکتوبر 28, 2020
Reserve Bank of India imposes monetary penalty on DCB Bank Limited
The Reserve Bank of India (RBI) has, by an order dated October 28, 2020, imposed a monetary penalty of ₹ 22 lakh (Rupees Twenty Two lakh only) on DCB Bank Ltd. (the bank) for non-compliance with certain provisions of directions issued by RBI contained in the circular on “Marketing/distribution of mutual fund/insurance etc., products by banks” dated November 16, 2009. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1
The Reserve Bank of India (RBI) has, by an order dated October 28, 2020, imposed a monetary penalty of ₹ 22 lakh (Rupees Twenty Two lakh only) on DCB Bank Ltd. (the bank) for non-compliance with certain provisions of directions issued by RBI contained in the circular on “Marketing/distribution of mutual fund/insurance etc., products by banks” dated November 16, 2009. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1
اکتوبر 16, 2020
Reserve Bank of India imposes monetary penalty on IndusInd Bank Limited
The Reserve Bank of India (RBI) has imposed, by an order dated October 16, 2020, a monetary penalty of ₹4.50 crore (Rupees Four crore and fifty lakh only) on IndusInd Bank Limited (the bank) for non-compliance with certain provisions of directions issued by RBI on ‘Exposure Norms’, ‘Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances’, ‘SPARC – Monitoring of Information Submission by bank’, ‘Creation of a Central Reposi
The Reserve Bank of India (RBI) has imposed, by an order dated October 16, 2020, a monetary penalty of ₹4.50 crore (Rupees Four crore and fifty lakh only) on IndusInd Bank Limited (the bank) for non-compliance with certain provisions of directions issued by RBI on ‘Exposure Norms’, ‘Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances’, ‘SPARC – Monitoring of Information Submission by bank’, ‘Creation of a Central Reposi
ستمبر 24, 2020
Reserve Bank of India imposes monetary penalty on Shriram City Union Finance Limited
The Reserve Bank of India (RBI) has imposed, by an order dated September 23, 2020, a monetary penalty of ₹5 lakh (Rupees Five Lakh only) on Shriram City Union Finance Limited, Chennai (the company), for non-compliance with directions issued by RBI on verification of the ownership of gold jewellery contained in Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 and on reporting of
The Reserve Bank of India (RBI) has imposed, by an order dated September 23, 2020, a monetary penalty of ₹5 lakh (Rupees Five Lakh only) on Shriram City Union Finance Limited, Chennai (the company), for non-compliance with directions issued by RBI on verification of the ownership of gold jewellery contained in Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 and on reporting of
ستمبر 24, 2020
Reserve Bank of India imposes monetary penalty on Nashik Zilla Girna Sahakari Bank Ltd., Nashik
The Reserve Bank of India (RBl) has imposed, by an order dated September 23, 2020 a monetary penalty of ₹2,000 on Nashik Jillha Girna Sahakari Bank Ltd., Nashik (the bank) for contravention of Section 15 of the Credit Information Companies (Regulation) Act, 2005 (CIC Act). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 25 (1) (iii) read with Section 23 (4) of the CIC Act, taking into account the failure of the bank to
The Reserve Bank of India (RBl) has imposed, by an order dated September 23, 2020 a monetary penalty of ₹2,000 on Nashik Jillha Girna Sahakari Bank Ltd., Nashik (the bank) for contravention of Section 15 of the Credit Information Companies (Regulation) Act, 2005 (CIC Act). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 25 (1) (iii) read with Section 23 (4) of the CIC Act, taking into account the failure of the bank to
ستمبر 24, 2020
Reserve Bank of India imposes monetary penalty on Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal
The Reserve Bank of India (RBl) has imposed, by an order dated September 23, 2020 a monetary penalty of ₹0.50 lakh on Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (the bank) for non-compliance with directions issued by RBI on director related loans. 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) (i) and section 56 of the Banking Regulation Act, 1949, taking into account the
The Reserve Bank of India (RBl) has imposed, by an order dated September 23, 2020 a monetary penalty of ₹0.50 lakh on Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (the bank) for non-compliance with directions issued by RBI on director related loans. 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) (i) and section 56 of the Banking Regulation Act, 1949, taking into account the
اگست 13, 2020
Reserve Bank of India imposes monetary penalty on The Co-operative Urban Bank Ltd., Parlakhemundi
The Reserve Bank of India (RBI) has imposed, by an order dated August 10, 2020, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Co-operative Urban Bank Ltd., Parlakhemundi (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 56 of the Ban
The Reserve Bank of India (RBI) has imposed, by an order dated August 10, 2020, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Co-operative Urban Bank Ltd., Parlakhemundi (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 56 of the Ban
اگست 13, 2020
Reserve Bank of India imposes monetary penalty on The Krishnanagar City Co-operative Bank Limited
The Reserve Bank of India (RBI) has imposed, by an order dated August 10, 2020, a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Krishnanagar City Co-operative Bank Limited (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 56 of the Ban
The Reserve Bank of India (RBI) has imposed, by an order dated August 10, 2020, a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Krishnanagar City Co-operative Bank Limited (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 56 of the Ban
اگست 13, 2020
Reserve Bank of India imposes monetary penalty on Jowai Co-operative Urban Bank Limited
The Reserve Bank of India (RBI) has imposed, by an order dated August 10, 2020, a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on Jowai Co-operative Urban Bank Limited (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 56 of the Banking Regu
The Reserve Bank of India (RBI) has imposed, by an order dated August 10, 2020, a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on Jowai Co-operative Urban Bank Limited (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 56 of the Banking Regu
اگست 13, 2020
Reserve Bank of India imposes monetary penalty on The Tura Urban Co-operative Bank Limited
The Reserve Bank of India (RBI) has imposed, by an order dated August 10, 2020, a Monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Tura Urban Cooperative Bank Limited (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 56 of the Banking Reg
The Reserve Bank of India (RBI) has imposed, by an order dated August 10, 2020, a Monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Tura Urban Cooperative Bank Limited (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 56 of the Banking Reg
مئی 29, 2020
Reserve Bank of India imposes monetary penalty on Nagar Urban Co-operative Bank Ltd., Ahmednagar
The Reserve Bank of India (RBI) has imposed, by order dated May 27, 2020, a monetary penalty of ₹40 lakh on Nagar Urban Co-operative Bank Ltd., Ahmednagar (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms, Management of Advances and Exposure Norms & Statutory/Other Restrictions. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read wit
The Reserve Bank of India (RBI) has imposed, by order dated May 27, 2020, a monetary penalty of ₹40 lakh on Nagar Urban Co-operative Bank Ltd., Ahmednagar (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms, Management of Advances and Exposure Norms & Statutory/Other Restrictions. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read wit
مئی 29, 2020
Reserve Bank of India imposes monetary penalty on Citibank N.A.
The Reserve Bank of India (RBI) has imposed, by an order dated January 08, 2020, a monetary penalty of ₹4 crore (Rupees Four crore only) on Citibank N.A. (the bank) for contravention of Section 10 (1) (b) (ii) of Banking Regulation Act, 1949 (the Act) and for non-compliance with the directions issued by RBI on obtaining declaration from customers about credit facilities enjoyed with other banks, granting non-fund based facilities to non-constituent borrowers, verifyin
The Reserve Bank of India (RBI) has imposed, by an order dated January 08, 2020, a monetary penalty of ₹4 crore (Rupees Four crore only) on Citibank N.A. (the bank) for contravention of Section 10 (1) (b) (ii) of Banking Regulation Act, 1949 (the Act) and for non-compliance with the directions issued by RBI on obtaining declaration from customers about credit facilities enjoyed with other banks, granting non-fund based facilities to non-constituent borrowers, verifyin
مئی 29, 2020
Reserve Bank of India imposes monetary penalty on TJSB Sahakari Bank Limited
The Reserve Bank of India (RBI) has imposed, by order dated May 27, 2020, a monetary penalty of ₹45 lakh on TJSB Sahakari Bank Limited (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms. 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) (i) and Section 56 of the Banking Regulation Act, 1949, taking into account failu
The Reserve Bank of India (RBI) has imposed, by order dated May 27, 2020, a monetary penalty of ₹45 lakh on TJSB Sahakari Bank Limited (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms. 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) (i) and Section 56 of the Banking Regulation Act, 1949, taking into account failu
مئی 29, 2020
Reserve Bank of India imposes monetary penalty on Bharat Co-operative Bank (Mumbai) Limited
The Reserve Bank of India (RBI) has imposed, by order dated May 27, 2020, a monetary penalty of ₹60 lakh on Bharat Co-operative Bank (Mumbai) Limited (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms and Frauds - classification and reporting. 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) (i) and Section 56 of th
The Reserve Bank of India (RBI) has imposed, by order dated May 27, 2020, a monetary penalty of ₹60 lakh on Bharat Co-operative Bank (Mumbai) Limited (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms and Frauds - classification and reporting. 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) (i) and Section 56 of th
مئی 28, 2020
Reserve Bank of India imposes monetary penalty on Bank of India
The Reserve Bank of India (RBI) has imposed, by an order dated February 27, 2020, a monetary penalty of ₹5 crore (Rupees Five crore only) on Bank of India (the bank) for non-compliance with certain provisions of the directions issued by RBI on “Income Recognition, Asset Classification and Provisioning pertaining to Advances - Divergence in NPA accounts”, “Opening of current accounts by banks – Need for discipline”, and “Classification and reporting of frauds.” This pe
The Reserve Bank of India (RBI) has imposed, by an order dated February 27, 2020, a monetary penalty of ₹5 crore (Rupees Five crore only) on Bank of India (the bank) for non-compliance with certain provisions of the directions issued by RBI on “Income Recognition, Asset Classification and Provisioning pertaining to Advances - Divergence in NPA accounts”, “Opening of current accounts by banks – Need for discipline”, and “Classification and reporting of frauds.” This pe
مئی 28, 2020
Reserve Bank of India imposes monetary penalty on Saraswat Co-operative Bank Ltd
The Reserve Bank of India (RBI) has imposed, by an order dated February 20, 2020, a monetary penalty of ₹30 lakh (Rupees Thirty lakh only) on Saraswat Co-operative Bank Ltd. (the bank) for non-compliance with directions issued by RBI on ‘Income Recognition and Asset Classification (IRAC) norms.’ The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulat
The Reserve Bank of India (RBI) has imposed, by an order dated February 20, 2020, a monetary penalty of ₹30 lakh (Rupees Thirty lakh only) on Saraswat Co-operative Bank Ltd. (the bank) for non-compliance with directions issued by RBI on ‘Income Recognition and Asset Classification (IRAC) norms.’ The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulat
مئی 28, 2020
Reserve Bank of India imposes monetary penalty on Karnataka Bank Limited
The Reserve Bank of India (RBI) has, by an order dated May 27, 2020, imposed a monetary penalty of ₹1.20 crore on Karnataka Bank Ltd. (the bank) for non-compliance with certain provisions of directions issued by RBI on “Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Divergence in NPA Accounts” and “Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances”. The penalty h
The Reserve Bank of India (RBI) has, by an order dated May 27, 2020, imposed a monetary penalty of ₹1.20 crore on Karnataka Bank Ltd. (the bank) for non-compliance with certain provisions of directions issued by RBI on “Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Divergence in NPA Accounts” and “Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances”. The penalty h
جنوری 31, 2020
Reserve Bank of India imposes monetary penalty on Fortune Integrated Assets Finance Limited
The Reserve Bank of India (RBI) has imposed, by an order dated January 31, 2020, a monetary penalty of ₹2 lakh on Fortune Integrated Assets Finance Ltd., Mumbai, for non-compliance with directions issued by RBI on ‘Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016’. The 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 clause (aa) of sub-section (5) of section 58B of
The Reserve Bank of India (RBI) has imposed, by an order dated January 31, 2020, a monetary penalty of ₹2 lakh on Fortune Integrated Assets Finance Ltd., Mumbai, for non-compliance with directions issued by RBI on ‘Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016’. The 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 clause (aa) of sub-section (5) of section 58B of
جنوری 30, 2020
Reserve Bank of India imposes monetary penalty on Dombivli Nagari Sahakari Bank Limited
The Reserve Bank of India (RBI) has imposed, by order dated January 29, 2020, monetary penalty of ₹ 50 lakh on Dombivli Nagari Sahakari Bank Limited (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms. 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) (i) and Section 56 of the Banking Regulation Act, 1949, taking into
The Reserve Bank of India (RBI) has imposed, by order dated January 29, 2020, monetary penalty of ₹ 50 lakh on Dombivli Nagari Sahakari Bank Limited (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms. 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) (i) and Section 56 of the Banking Regulation Act, 1949, taking into
جنوری 29, 2020
Reserve Bank of India imposes monetary penalty on HDFC Bank Limited
The Reserve Bank of India (RBI) has, by an order dated January 29, 2020, imposed a monetary penalty of ₹ 1 crore on HDFC Bank Limited for non-compliance with Master Direction on Know Your Customer dated February 25, 2016 (updated as on December 08, 2016) (Direction). 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) (i) of the Banking Regulation Act, 1949, taking into account the fail
The Reserve Bank of India (RBI) has, by an order dated January 29, 2020, imposed a monetary penalty of ₹ 1 crore on HDFC Bank Limited for non-compliance with Master Direction on Know Your Customer dated February 25, 2016 (updated as on December 08, 2016) (Direction). 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) (i) of the Banking Regulation Act, 1949, taking into account the fail
جنوری 23, 2020
Reserve Bank of India imposes monetary penalty on Rajkot Nagarik Sahakari Bank Ltd.
The Reserve Bank of India (RBI) has imposed, by an order dated January 22, 2020, a monetary penalty of ₹ 37 lakh on the Rajkot Nagarik Sahakari Bank Ltd. (the bank) for non-compliance with directions issued by RBI on ‘Frauds – Classification and Reporting’ and ‘Management of Advances’. 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) (i) and Section 56 of the Banking Regulation Act,
The Reserve Bank of India (RBI) has imposed, by an order dated January 22, 2020, a monetary penalty of ₹ 37 lakh on the Rajkot Nagarik Sahakari Bank Ltd. (the bank) for non-compliance with directions issued by RBI on ‘Frauds – Classification and Reporting’ and ‘Management of Advances’. 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) (i) and Section 56 of the Banking Regulation Act,
جنوری 23, 2020
Reserve Bank of India imposes monetary penalty on Apna Sahakari Bank Ltd., Mumbai
The Reserve Bank of India (RBI) has, by order dated January 22, 2020, imposed monetary penalty of ₹ 14 lakh on Apna Sahakari Bank Ltd., Mumbai, (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms. 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) (i) and Section 56 of the Banking Regulation Act, 1949, for failure of t
The Reserve Bank of India (RBI) has, by order dated January 22, 2020, imposed monetary penalty of ₹ 14 lakh on Apna Sahakari Bank Ltd., Mumbai, (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms. 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) (i) and Section 56 of the Banking Regulation Act, 1949, for failure of t
دسمبر 05, 2019
Reserve Bank of India imposes monetary penalty on Andhra Bank
The Reserve Bank of India (RBI) has, by an order dated December 05, 2019, imposed a monetary penalty of ₹25 lakh on Andhra Bank for non-compliance with certain provisions of directions issued by RBI on Know Your Customer (KYC) Norms/ Anti Money Laundering (AML) Standards and Opening of Current Accounts. 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) (i) and section 51 (1) of the Ba
The Reserve Bank of India (RBI) has, by an order dated December 05, 2019, imposed a monetary penalty of ₹25 lakh on Andhra Bank for non-compliance with certain provisions of directions issued by RBI on Know Your Customer (KYC) Norms/ Anti Money Laundering (AML) Standards and Opening of Current Accounts. 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) (i) and section 51 (1) of the Ba
نومبر 29, 2019
Reserve Bank of India imposes monetary penalty on Corporation Bank
The Reserve Bank of India (RBI) has, by an order dated November 29, 2019, imposed a monetary penalty of ₹1.50 crore on Corporation Bank (the bank) for non-compliance with certain provisions of directions issued by RBI on “Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Divergence in NPA Accounts”, “Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances”, “Prudential No
The Reserve Bank of India (RBI) has, by an order dated November 29, 2019, imposed a monetary penalty of ₹1.50 crore on Corporation Bank (the bank) for non-compliance with certain provisions of directions issued by RBI on “Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Divergence in NPA Accounts”, “Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances”, “Prudential No
نومبر 20, 2019
Reserve Bank of India imposes monetary penalty on Indian Bank
The Reserve Bank of India (RBI) has imposed, by order dated November 18, 2019, monetary penalty of ₹ One crore on Indian Bank (the bank) for non-compliance with directions issued by RBI on Window-dressing of Balance Sheet and classification and reporting of frauds. 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) (i) and Section 51 (1) of the Banking Regulation Act, 1949, taking into
The Reserve Bank of India (RBI) has imposed, by order dated November 18, 2019, monetary penalty of ₹ One crore on Indian Bank (the bank) for non-compliance with directions issued by RBI on Window-dressing of Balance Sheet and classification and reporting of frauds. 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) (i) and Section 51 (1) of the Banking Regulation Act, 1949, taking into
نومبر 20, 2019
Reserve Bank of India imposes monetary penalty on Bank of Baroda and Indian Bank
The Reserve Bank of India (RBI) has, by order dated November 18, 2019, imposed monetary penalty on Bank of Baroda for non-compliance with directions issued by RBI on collection of account payee cheques, reporting of frauds, opening of savings bank (SB) accounts, preservation of records of identification of customers and Know Your Customer (KYC)/ Anti-Money Laundering (AML) norms; and by order dated November 18, 2019, imposed monetary penalty on Indian Bank for non-adh
The Reserve Bank of India (RBI) has, by order dated November 18, 2019, imposed monetary penalty on Bank of Baroda for non-compliance with directions issued by RBI on collection of account payee cheques, reporting of frauds, opening of savings bank (SB) accounts, preservation of records of identification of customers and Know Your Customer (KYC)/ Anti-Money Laundering (AML) norms; and by order dated November 18, 2019, imposed monetary penalty on Indian Bank for non-adh
نومبر 05, 2019
Reserve Bank of India imposes monetary penalty on The Mehsana Urban Co-operative Bank Ltd., Mehsana, Gujarat
The Reserve Bank of India (RBI) has, by order dated November 04, 2019, imposed monetary penalty of ₹5 Crore on The Mehsana Urban Co-operative Bank Ltd., Mehsana, Gujarat (the bank) for contravention of the directions issued by RBI on ‘Loans and Advances to Directors, Relatives and Firms/Concerns in which they are Interested’, and non-compliance with the Master Directions on ‘Know Your Customer (KYC)’. The penalty has been imposed in exercise of powers vested in RBI un
The Reserve Bank of India (RBI) has, by order dated November 04, 2019, imposed monetary penalty of ₹5 Crore on The Mehsana Urban Co-operative Bank Ltd., Mehsana, Gujarat (the bank) for contravention of the directions issued by RBI on ‘Loans and Advances to Directors, Relatives and Firms/Concerns in which they are Interested’, and non-compliance with the Master Directions on ‘Know Your Customer (KYC)’. The penalty has been imposed in exercise of powers vested in RBI un
اکتوبر 29, 2019
Reserve Bank of India imposes monetary penalty on Bandhan Bank Limited
The Reserve Bank of India (RBI) has, by an order dated October 29, 2019, imposed a monetary penalty of ₹ One crore on Bandhan Bank Limited (the bank) for non-compliance with the guidelines on promoter holding contained in ‘Guidelines for Licensing of New Banks in Private Sector’ dated February 22, 2013 (licensing guidelines) read with the conditions imposed by RBI in exercise of powers under section 22 of the Banking Regulation Act, 1949 (the Act) at the time of issui
The Reserve Bank of India (RBI) has, by an order dated October 29, 2019, imposed a monetary penalty of ₹ One crore on Bandhan Bank Limited (the bank) for non-compliance with the guidelines on promoter holding contained in ‘Guidelines for Licensing of New Banks in Private Sector’ dated February 22, 2013 (licensing guidelines) read with the conditions imposed by RBI in exercise of powers under section 22 of the Banking Regulation Act, 1949 (the Act) at the time of issui
اکتوبر 29, 2019
Reserve Bank of India imposes monetary penalty on Janata Sahakari Bank Ltd., Pune
The Reserve Bank of India (RBI) has imposed, by order dated October 16, 2019, monetary penalty of ₹1 crore on Janata Sahakari Bank Ltd., Pune (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms, Management of Advances and Exposure Norms and Statutory/ Other Restrictions. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i
The Reserve Bank of India (RBI) has imposed, by order dated October 16, 2019, monetary penalty of ₹1 crore on Janata Sahakari Bank Ltd., Pune (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms, Management of Advances and Exposure Norms and Statutory/ Other Restrictions. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i
اکتوبر 29, 2019
Reserve Bank of India imposes monetary penalty on the Jalgaon Peoples Co-operative Bank Ltd., Jalgaon (Maharashtra)
The Reserve Bank of India (RBI) has imposed, by order dated October 24, 2019, monetary penalty of ₹25 lakh on the Jalgaon Peoples Co-operative Bank Ltd., Jalgaon, Maharashtra (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms and Management of Advances. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) and Section 56
The Reserve Bank of India (RBI) has imposed, by order dated October 24, 2019, monetary penalty of ₹25 lakh on the Jalgaon Peoples Co-operative Bank Ltd., Jalgaon, Maharashtra (the bank) for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms and Management of Advances. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) and Section 56
اکتوبر 25, 2019
Reserve Bank of India imposes monetary penalty on Tamilnad Mercantile Bank Ltd
The Reserve Bank of India (RBI) has, by an order dated October 24, 2019, imposed monetary penalty of ₹ 35 lakh (Rupees Thirty Five Lakh) on Tamilnad Mercantile Bank Ltd. (the bank) for non-compliance with certain provisions of directions issued by RBI on “Reserve Bank of India (Frauds 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 47A(1
The Reserve Bank of India (RBI) has, by an order dated October 24, 2019, imposed monetary penalty of ₹ 35 lakh (Rupees Thirty Five Lakh) on Tamilnad Mercantile Bank Ltd. (the bank) for non-compliance with certain provisions of directions issued by RBI on “Reserve Bank of India (Frauds 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 47A(1
اکتوبر 16, 2019
Reserve Bank of India imposes monetary penalty on SBM Bank (India) Ltd.
The Reserve Bank of India (RBI) has, by an order dated October 15, 2019, imposed a monetary penalty of ₹ 3 crore on SBM Bank (India) Ltd. for non-compliance by SBM Bank (Mauritius) Ltd. (amalgamated with SBM Bank (India) Ltd. on November 30, 2018) with certain provisions of directions issued by RBI on “Time-bound implementation and strengthening of SWIFT - related operational controls” and “Cyber Security Framework in Banks”. This penalty has been imposed in exercise
The Reserve Bank of India (RBI) has, by an order dated October 15, 2019, imposed a monetary penalty of ₹ 3 crore on SBM Bank (India) Ltd. for non-compliance by SBM Bank (Mauritius) Ltd. (amalgamated with SBM Bank (India) Ltd. on November 30, 2018) with certain provisions of directions issued by RBI on “Time-bound implementation and strengthening of SWIFT - related operational controls” and “Cyber Security Framework in Banks”. This penalty has been imposed in exercise
اکتوبر 14, 2019
Reserve Bank of India imposes monetary penalty on The Lakshmi Vilas Bank Ltd
The Reserve Bank of India (RBI) has, by an order dated October 14, 2019, imposed monetary penalty of ₹ 1 crore on The Lakshmi Vilas Bank Ltd. (the bank) for non-compliance with certain provisions of directions issued by RBI on “Income Recognition and Asset Classification (IRAC) norms”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949. This action i
The Reserve Bank of India (RBI) has, by an order dated October 14, 2019, imposed monetary penalty of ₹ 1 crore on The Lakshmi Vilas Bank Ltd. (the bank) for non-compliance with certain provisions of directions issued by RBI on “Income Recognition and Asset Classification (IRAC) norms”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949. This action i
اکتوبر 14, 2019
Reserve Bank of India imposes monetary penalty on Syndicate Bank
The Reserve Bank of India (RBI) has imposed, by an order dated October 14, 2019, a monetary penalty of ₹ 75 lakh (Rupees Seventy Five Lakh) on Syndicate Bank (the bank) for non-compliance with the directions issued by RBI on (i) Frauds Classification and Reporting and (ii) Housing Sector: Innovative Housing Loan Products - Upfront disbursal of housing loans. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) rea
The Reserve Bank of India (RBI) has imposed, by an order dated October 14, 2019, a monetary penalty of ₹ 75 lakh (Rupees Seventy Five Lakh) on Syndicate Bank (the bank) for non-compliance with the directions issued by RBI on (i) Frauds Classification and Reporting and (ii) Housing Sector: Innovative Housing Loan Products - Upfront disbursal of housing loans. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) rea
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صفحے پر آخری اپ ڈیٹ: اگست 14, 2025
