Press Releases - Enforcement - RBI - Reserve Bank of India
Press Releases
Aug 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
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Aug 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
Aug 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
Aug 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
May 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
May 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
May 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
May 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
May 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
May 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
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Page Last Updated on: November 21, 2024
