Press Releases - Consumer Education and Protection - RBI - Reserve Bank of India
Press Releases
Jul 15, 2019
Reserve Bank of India imposes monetary penalty on Union Bank of India
The Reserve Bank of India (RBI) has, on July 09, 2019, imposed a monetary penalty of ₹ one million on Union Bank of India (the bank) for non-compliance with the directions on cyber security framework in banks issued by RBI. 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 51 (1) of the Banking Regulation Act, 1949. This action is based on deficiencies in regulatory com
The Reserve Bank of India (RBI) has, on July 09, 2019, imposed a monetary penalty of ₹ one million on Union Bank of India (the bank) for non-compliance with the directions on cyber security framework in banks issued by RBI. 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 51 (1) of the Banking Regulation Act, 1949. This action is based on deficiencies in regulatory com
PDF (
Jul 12, 2019
Directions under Section 35A of the Banking Regulation Act, 1949 - United Cooperative Bank Limited, Bagnan, West Bengal - Extension of Period
The Reserve Bank of India, in public interest, had issued Directions to United Co-operative Bank Limited, Bagnan Station Road (North), P.O.– Bagnan, Dist.-Howrah, Pin–711 303, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35A read with section 56 of the Banking Regulation Act, 1949 from the close of business on July 18, 2018, as modified from time to time which was last extended upto July 18, 2019. The Reserve Bank of India has no
The Reserve Bank of India, in public interest, had issued Directions to United Co-operative Bank Limited, Bagnan Station Road (North), P.O.– Bagnan, Dist.-Howrah, Pin–711 303, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35A read with section 56 of the Banking Regulation Act, 1949 from the close of business on July 18, 2018, as modified from time to time which was last extended upto July 18, 2019. The Reserve Bank of India has no
Jul 12, 2019
Noble Co-operative Bank Limited, Noida, (U.P.)- Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹1,00,000/- (Rupees One Lakh Only) on Noble Co-operative Bank Limited, Noida, (U.P.) in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of RBI Instructions/Guidelines on classification and reporting of frauds. The Reserve Bank of India had issued a Show Cause Notice to
The Reserve Bank of India has imposed a monetary penalty of ₹1,00,000/- (Rupees One Lakh Only) on Noble Co-operative Bank Limited, Noida, (U.P.) in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of RBI Instructions/Guidelines on classification and reporting of frauds. The Reserve Bank of India had issued a Show Cause Notice to
Jul 09, 2019
Directions under Section 35A of the Banking Regulation Act, 1949(AACS) - Kolikata Mahila Cooperative Bank Ltd., Kolkata
It is hereby notified for information of the public that in exercise of powers vested in it under Sub- Section (1) of Section 35A of the Banking Regulation Act, 1949(AACS) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) has issued certain Directions to Kolikata Mahila Cooperative Bank Limited, 8D Krishna Laha Lane, Kolkata – 700 012, West Bengal whereby, as from the close of business on July 9, 2019, it is directed that the af
It is hereby notified for information of the public that in exercise of powers vested in it under Sub- Section (1) of Section 35A of the Banking Regulation Act, 1949(AACS) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) has issued certain Directions to Kolikata Mahila Cooperative Bank Limited, 8D Krishna Laha Lane, Kolkata – 700 012, West Bengal whereby, as from the close of business on July 9, 2019, it is directed that the af
Jul 09, 2019
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad, Telangana - Extension of Period of validity
The Reserve Bank of India in the public interest, had issued directions to Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad, Telangana in exercise of powers vested in it under Section 35A read with section 56 of the Banking Regulation Act, 1949. These directions were in force from close of business on January 02, 2019 and were valid up to July 02, 2019, subject to review. Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the
The Reserve Bank of India in the public interest, had issued directions to Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad, Telangana in exercise of powers vested in it under Section 35A read with section 56 of the Banking Regulation Act, 1949. These directions were in force from close of business on January 02, 2019 and were valid up to July 02, 2019, subject to review. Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the
Jul 05, 2019
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Youth Development Co-op. Bank Ltd., Kolhapur, Maharashtra
Youth Development Co-op. Bank Ltd., Kolhapur, Maharashtra, was placed under Directions from close of business on January 05, 2019, for a period of six months, vide Directive dated January 04, 2019 and the Directions are valid up to July 05, 2019 subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation
Youth Development Co-op. Bank Ltd., Kolhapur, Maharashtra, was placed under Directions from close of business on January 05, 2019, for a period of six months, vide Directive dated January 04, 2019 and the Directions are valid up to July 05, 2019 subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation
Jul 04, 2019
Amanath Co-operative Bank Ltd., Bengaluru- Extension of All Inclusive Directions under Section 35A of the Banking Regulation Act, 1949(AACS)
It is hereby notified for information of public that the Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the directive dated April 1, 2013 read with subsequent directives, last being dated December 21, 2018 issued to the Amanath Cooperative Bank Ltd, Bengaluru for a further period of six months. Accordingly, the Reserve Bank of India, in exercise of powers vested in it under sub section (1) of Sectio
It is hereby notified for information of public that the Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the directive dated April 1, 2013 read with subsequent directives, last being dated December 21, 2018 issued to the Amanath Cooperative Bank Ltd, Bengaluru for a further period of six months. Accordingly, the Reserve Bank of India, in exercise of powers vested in it under sub section (1) of Sectio
Jun 28, 2019
RBI opens third office of the Ombudsman at New Delhi
As announced in the Monetary Policy Statement of December 5, 2018, the Reserve Bank of India (RBI) launched the Ombudsman Scheme for Digital Transactions (OSDT) on January 31, 2019. The Reserve Bank has set up a third office of the Banking Ombudsman (BO) and Ombudsman for Digital Transactions (ODT) at Reserve Bank of India, New Delhi (New Delhi-III) with a view to meet the growing demand for resolution under the Banking Ombudsman Scheme and the OSDT. This office will
As announced in the Monetary Policy Statement of December 5, 2018, the Reserve Bank of India (RBI) launched the Ombudsman Scheme for Digital Transactions (OSDT) on January 31, 2019. The Reserve Bank has set up a third office of the Banking Ombudsman (BO) and Ombudsman for Digital Transactions (ODT) at Reserve Bank of India, New Delhi (New Delhi-III) with a view to meet the growing demand for resolution under the Banking Ombudsman Scheme and the OSDT. This office will
Jun 27, 2019
4 NBFCs surrender their Certificate of Registration to RBI
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. KRC Insurance Advisors Private Limited (presently known as KRChoksey Insurance Ad
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. KRC Insurance Advisors Private Limited (presently known as KRChoksey Insurance Ad
Jun 27, 2019
RBI cancels Certificate of Registration of 23 NBFCs
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sl. No. Name of the Company Registered Office address of the Company CoR No Date of issue of CoR Date of Cancellation of CoR 1. Ansun Investments Limited B-123, Okhla Industrial Area Phase-1, New Delhi-110 020 B-14.01774 June 21, 2000 May 10, 2019 2. Intimate Finance &
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sl. No. Name of the Company Registered Office address of the Company CoR No Date of issue of CoR Date of Cancellation of CoR 1. Ansun Investments Limited B-123, Okhla Industrial Area Phase-1, New Delhi-110 020 B-14.01774 June 21, 2000 May 10, 2019 2. Intimate Finance &
Install the RBI mobile application and get quick access to the latest news!
Page Last Updated on: November 19, 2024
