Press Releases - Enforcement - RBI - Reserve Bank of India
Press Releases
Aug 14, 2023
RBI imposes monetary penalty on The Aska Co-operative Central Bank Ltd., Aska
The Reserve Bank of India (RBI) has imposed, by an order dated August 07, 2023, a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Aska Co-operative Central Bank Ltd., Aska (the bank) for non-compliance with certain provisions of the ‘Reserve Bank of India – (Know Your Customer (KYC)) Direction, 2016’. 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
The Reserve Bank of India (RBI) has imposed, by an order dated August 07, 2023, a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Aska Co-operative Central Bank Ltd., Aska (the bank) for non-compliance with certain provisions of the ‘Reserve Bank of India – (Know Your Customer (KYC)) Direction, 2016’. 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
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Aug 14, 2023
RBI imposes monetary penalty on Bally Cooperative Bank Ltd., Howrah, West Bengal
The Reserve Bank of India (RBI) has imposed, by an order dated August 07, 2023, a monetary penalty of ₹1,00,000/- (Rupees One Lakh only) on Bally Cooperative Bank Ltd., Howrah, West Bengal (the bank) for non-compliance with certain provisions of ‘Reserve Bank of India – (Know Your Customer (KYC)) Direction, 2016’. 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 o
The Reserve Bank of India (RBI) has imposed, by an order dated August 07, 2023, a monetary penalty of ₹1,00,000/- (Rupees One Lakh only) on Bally Cooperative Bank Ltd., Howrah, West Bengal (the bank) for non-compliance with certain provisions of ‘Reserve Bank of India – (Know Your Customer (KYC)) Direction, 2016’. 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 o
Aug 14, 2023
RBI imposes monetary penalty on The Nabapalli Co-operative Bank Ltd., West Bengal
The Reserve Bank of India (RBI) has imposed, by an order dated August 07, 2023, a monetary penalty of ₹2,50,000/- (Rupees Two Lakh Fifty Thousand only) on The Nabapalli Co-operative Bank Ltd., West Bengal (the bank) for non-compliance with the directions issued by RBI on ‘Exposure Norms and Statutory/Other Restrictions - UCBs’ and certain provisions of the ‘Reserve Bank of India – (Know Your Customer (KYC)) Direction, 2016’. This penalty has been imposed in exercise o
The Reserve Bank of India (RBI) has imposed, by an order dated August 07, 2023, a monetary penalty of ₹2,50,000/- (Rupees Two Lakh Fifty Thousand only) on The Nabapalli Co-operative Bank Ltd., West Bengal (the bank) for non-compliance with the directions issued by RBI on ‘Exposure Norms and Statutory/Other Restrictions - UCBs’ and certain provisions of the ‘Reserve Bank of India – (Know Your Customer (KYC)) Direction, 2016’. This penalty has been imposed in exercise o
Aug 10, 2023
RBI imposes monetary penalty on Mangal Co-operative Bank Limited., Mumbai, Maharashtra
The Reserve Bank of India (RBI) has, by an order dated August 03, 2023 imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Mangal Co-operative Bank Limited, Mumbai (the bank) for non-compliance with the directions issued by RBI on ‘Maintenance of Deposit Accounts’ and ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1
The Reserve Bank of India (RBI) has, by an order dated August 03, 2023 imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Mangal Co-operative Bank Limited, Mumbai (the bank) for non-compliance with the directions issued by RBI on ‘Maintenance of Deposit Accounts’ and ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1
Aug 10, 2023
RBI imposes monetary penalty on The Islampur Urban Co-operative Bank Limited., Islampur, Maharashtra
The Reserve Bank of India (RBI) has, by an order dated August 03, 2023 imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The Islampur Urban Co-operative Bank Limited, Islampur, (Maharashtra) (the bank) for non-compliance with provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and certain provisions of the ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’ and ‘Maintenance of Deposit Accounts-UC
The Reserve Bank of India (RBI) has, by an order dated August 03, 2023 imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The Islampur Urban Co-operative Bank Limited, Islampur, (Maharashtra) (the bank) for non-compliance with provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and certain provisions of the ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’ and ‘Maintenance of Deposit Accounts-UC
Aug 10, 2023
RBI monetary penalty on The Tapindu Urban Co-operative Bank Limited, Patna
The Reserve Bank of India (RBI) has imposed, by an order dated August 02, 2023, a monetary penalty of ₹1,00,000/- (Rupees One lakh only) on The Tapindu Urban Co-operative Bank Limited, Patna (the bank) for 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 Sections 46(4)(i) and 56 of the Bank
The Reserve Bank of India (RBI) has imposed, by an order dated August 02, 2023, a monetary penalty of ₹1,00,000/- (Rupees One lakh only) on The Tapindu Urban Co-operative Bank Limited, Patna (the bank) for 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 Sections 46(4)(i) and 56 of the Bank
Aug 10, 2023
RBI imposes monetary penalty on The Mahabaleshwar Urban Co-operative Bank Limited., Mahabaleshwar, Maharashtra
The Reserve Bank of India (RBI) has, by an order dated August 02, 2023 imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The Mahabaleshwar Urban Co-operative Bank Limited., Mahabaleshwar, Maharashtra (the bank) for contravention of provisions of Section 20A read with Section 56 of the Banking Regulation Act, 1949 (BR Act), specific directions issued by RBI under Supervisory Action Framework (SAF), and directions issued by RBI on ‘Maintenance of Deposi
The Reserve Bank of India (RBI) has, by an order dated August 02, 2023 imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The Mahabaleshwar Urban Co-operative Bank Limited., Mahabaleshwar, Maharashtra (the bank) for contravention of provisions of Section 20A read with Section 56 of the Banking Regulation Act, 1949 (BR Act), specific directions issued by RBI under Supervisory Action Framework (SAF), and directions issued by RBI on ‘Maintenance of Deposi
Aug 07, 2023
RBI imposes monetary penalty on Mizoram Urban Cooperative Development Bank Limited, Aizawl
The Reserve Bank of India (RBI) has imposed, by an order dated August 02, 2023, a monetary penalty of ₹20,000/- (Rupees Twenty thousand only) on Mizoram Urban Cooperative Development Bank Limited, Aizawl (the bank) for non-compliance with specific directions issued by RBI under Supervisory Action Framework (SAF) and certain provision of ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’. This penalty has been imposed in exercise of powers vested in RB
The Reserve Bank of India (RBI) has imposed, by an order dated August 02, 2023, a monetary penalty of ₹20,000/- (Rupees Twenty thousand only) on Mizoram Urban Cooperative Development Bank Limited, Aizawl (the bank) for non-compliance with specific directions issued by RBI under Supervisory Action Framework (SAF) and certain provision of ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’. This penalty has been imposed in exercise of powers vested in RB
Aug 07, 2023
RBI imposes monetary penalty on Vita Urban Co-operative Bank Ltd., Vita, Maharashtra
The Reserve Bank of India (RBI) has, by an order dated July 03, 2023, imposed a monetary penalty of ₹1.50 lakh (Rupees One lakh and Fifty Thousand only) on Vita Urban Co-operative Bank Ltd., Vita, Maharashtra (the bank) for contravention of provisions of Section 26-A read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and directions issued by RBI on ‘Maintenance of Deposit Accounts’. This penalty has been imposed in exercise of powers vested in RBI under
The Reserve Bank of India (RBI) has, by an order dated July 03, 2023, imposed a monetary penalty of ₹1.50 lakh (Rupees One lakh and Fifty Thousand only) on Vita Urban Co-operative Bank Ltd., Vita, Maharashtra (the bank) for contravention of provisions of Section 26-A read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and directions issued by RBI on ‘Maintenance of Deposit Accounts’. This penalty has been imposed in exercise of powers vested in RBI under
Aug 07, 2023
RBI imposes monetary penalty on Shreeji Bhatia Cooperative Bank Ltd., Mumbai, Maharashtra
The Reserve Bank of India (RBI) has, by an order dated July 03, 2023, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Shreeji Bhatia Cooperative Bank Ltd., Mumbai (the bank) for non-compliance with specific directions issued by RBI under the Supervisory Action Framework (SAF) and ‘Reserve Bank of India (Know Your Customer (KYC)) 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 July 03, 2023, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Shreeji Bhatia Cooperative Bank Ltd., Mumbai (the bank) for non-compliance with specific directions issued by RBI under the Supervisory Action Framework (SAF) and ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1
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Page Last Updated on: July 02, 2024
