Press Releases - Enforcement - RBI - Reserve Bank of India
Press Releases
Apr 11, 2022
Reserve Bank of India imposes monetary penalty on Andarsul Urban Co-operative Bank Ltd., Andarsul (M.H)
The Reserve Bank of India (RBl) has imposed, by an order dated April 06, 2022, a monetary penalty of ₹1.50 lakh (Rupees One lakh Fifty Thousand only) on Andarsul Urban Co-operative Bank Ltd., Andarsul (Maharashtra) (the bank) for contravention of/ non-adherence with the Directions issued by RBI to Urban Co-operative Banks on Board of Directors and Exposure Norms & Statutory/ Other Restrictions-UCBs. This penalty has been imposed in exercise of powers vested in RBI
The Reserve Bank of India (RBl) has imposed, by an order dated April 06, 2022, a monetary penalty of ₹1.50 lakh (Rupees One lakh Fifty Thousand only) on Andarsul Urban Co-operative Bank Ltd., Andarsul (Maharashtra) (the bank) for contravention of/ non-adherence with the Directions issued by RBI to Urban Co-operative Banks on Board of Directors and Exposure Norms & Statutory/ Other Restrictions-UCBs. This penalty has been imposed in exercise of powers vested in RBI
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Apr 08, 2022
Reserve Bank of India imposes monetary penalty on Axis Bank Ltd
The Reserve Bank of India (RBI) has imposed, by an order dated April 07, 2022, a monetary penalty of ₹93 Lakh (Rupees Ninety-three Lakh only) on Axis Bank Ltd. (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and Advances – Statutory and Other Restrictions’, ‘Reserve Bank of India (Financial Services provided by Banks) Directions, 2016’, ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’, and ‘Levy of penal charges on non-
The Reserve Bank of India (RBI) has imposed, by an order dated April 07, 2022, a monetary penalty of ₹93 Lakh (Rupees Ninety-three Lakh only) on Axis Bank Ltd. (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and Advances – Statutory and Other Restrictions’, ‘Reserve Bank of India (Financial Services provided by Banks) Directions, 2016’, ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’, and ‘Levy of penal charges on non-
Apr 08, 2022
Reserve Bank of India imposes monetary penalty on IDBI Bank Limited
The Reserve Bank of India (RBI) has imposed, by an order dated April 07, 2022, a monetary penalty of ₹90 Lakh (Rupees Ninety Lakh only) on IDBI Bank Limited (the bank) for non-compliance with the directions issued by RBI on “Frauds - classification and reporting by commercial banks and select FIs”, “Strengthening the Controls of Payment Ecosystem between Sponsor Banks and SCBs/UCBs as a Corporate Customer” and “Cyber Security Framework in Banks”. This penalty has been
The Reserve Bank of India (RBI) has imposed, by an order dated April 07, 2022, a monetary penalty of ₹90 Lakh (Rupees Ninety Lakh only) on IDBI Bank Limited (the bank) for non-compliance with the directions issued by RBI on “Frauds - classification and reporting by commercial banks and select FIs”, “Strengthening the Controls of Payment Ecosystem between Sponsor Banks and SCBs/UCBs as a Corporate Customer” and “Cyber Security Framework in Banks”. This penalty has been
Apr 04, 2022
Reserve Bank of India imposes monetary penalty on The Yashwant Cooperative Bank Limited, Phaltan
The Reserve Bank of India (RBI) has imposed, by an order dated March 22, 2022, a monetary penalty of ₹2 lakh (Rupees Two lakh only) on The Yashwant Cooperative Bank Limited, Phaltan (the bank) for contravention of/ non-compliance with directions issued by RBI 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 provisions of Section 47 A (1) (c) read with
The Reserve Bank of India (RBI) has imposed, by an order dated March 22, 2022, a monetary penalty of ₹2 lakh (Rupees Two lakh only) on The Yashwant Cooperative Bank Limited, Phaltan (the bank) for contravention of/ non-compliance with directions issued by RBI 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 provisions of Section 47 A (1) (c) read with
Apr 04, 2022
Reserve Bank of India imposes monetary penalty on Kokan Mercantile Co-operative Bank Ltd., Mumbai
The Reserve Bank of India (RBI) has imposed, by an order dated March 22, 2022, a monetary penalty of ₹2 lakh (Rupees Two lakh only) on Kokan Mercantile Co-operative Bank Ltd., Mumbai (the bank) for contravention of/ non-compliance with directions issued by RBI on Income Recognition, Asset Classification and Provisioning and Other Related Matters – UCBs. 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 (RBI) has imposed, by an order dated March 22, 2022, a monetary penalty of ₹2 lakh (Rupees Two lakh only) on Kokan Mercantile Co-operative Bank Ltd., Mumbai (the bank) for contravention of/ non-compliance with directions issued by RBI on Income Recognition, Asset Classification and Provisioning and Other Related Matters – UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read
Apr 04, 2022
Reserve Bank of India imposes monetary penalty on Samata Cooperative Development Bank Ltd., Kolkata (West Bengal)
The Reserve Bank of India (RBI) has imposed, by an order dated March 22, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on the Samata Cooperative Development Bank Limited, Kolkata, (West Bengal) (the bank) for contravention of/ non-adherence with the directions issued by RBI to Urban Cooperative Bank on ‘Exposure Norms and Statutory / Other Restrictions – UCBs’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Se
The Reserve Bank of India (RBI) has imposed, by an order dated March 22, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on the Samata Cooperative Development Bank Limited, Kolkata, (West Bengal) (the bank) for contravention of/ non-adherence with the directions issued by RBI to Urban Cooperative Bank on ‘Exposure Norms and Statutory / Other Restrictions – UCBs’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Se
Mar 21, 2022
Reserve Bank of India imposes monetary penalty on The Bank Employees’ Co-operative Bank Limited, Kolkata (West Bengal)
The Reserve Bank of India (RBI) has imposed, by an order dated March 10, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakhs only) on The Bank Employees’ Co-operative Bank Limited, Kolkata (West Bengal) (the bank) for contravention of/ non-adherence with the Directions issued by RBI to Urban Cooperative 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 Sec
The Reserve Bank of India (RBI) has imposed, by an order dated March 10, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakhs only) on The Bank Employees’ Co-operative Bank Limited, Kolkata (West Bengal) (the bank) for contravention of/ non-adherence with the Directions issued by RBI to Urban Cooperative 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 Sec
Mar 21, 2022
Reserve Bank of India imposes monetary penalty on Adarsh Mahila Mercantile Co-operative Bank Ltd., Muzaffarnagar (U.P.)
The Reserve Bank of India (RBI) has imposed, by an order dated March 16, 2022, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on the Adarsh Mahila Mercantile Co-operative Bank Ltd., Muzaffarnagar (the bank) for contravention of directions on sanction of loans to Directors/ entities 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 Sectio
The Reserve Bank of India (RBI) has imposed, by an order dated March 16, 2022, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on the Adarsh Mahila Mercantile Co-operative Bank Ltd., Muzaffarnagar (the bank) for contravention of directions on sanction of loans to Directors/ entities 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 Sectio
Mar 14, 2022
Reserve Bank of India imposes monetary penalty on The Navnirman Co-operative Bank Ltd., Ahmedabad (Gujarat)
The Reserve Bank of India (RBI) has, by an Order dated March 07, 2022, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on The Navnirman Co-operative Bank Ltd., Ahmedabad (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-UCBs’. This penalty has been impo
The Reserve Bank of India (RBI) has, by an Order dated March 07, 2022, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on The Navnirman Co-operative Bank Ltd., Ahmedabad (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-UCBs’. This penalty has been impo
Mar 14, 2022
Reserve Bank of India imposes monetary penalty on The Amravati Merchants’ Co-operative Bank Ltd., Amravati (M.H.)
The Reserve Bank of India (RBl) has imposed, by an order dated March 11, 2022, a monetary penalty of ₹50,000 (Rupees Fifty Thousand only) on The Amravati Merchants’ Co-operative Bank Ltd., Amravati (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 with Se
The Reserve Bank of India (RBl) has imposed, by an order dated March 11, 2022, a monetary penalty of ₹50,000 (Rupees Fifty Thousand only) on The Amravati Merchants’ Co-operative Bank Ltd., Amravati (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 with Se
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Page Last Updated on: November 21, 2024
