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Home Articles Banking Regulation Act
RBI imposes Rs 5-lakh penalty on Bharat Co-operative Bank \
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RBI imposes Rs 5-lakh penalty on Bharat Co-operative Bank

 05-Dec-2022
The penalty was slapped on the non-adherence, violation of directions issued under exposure norms and statutory or other restrictions - urban cooperative banks, the central bank said.
05-Dec-2022 Business
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RBI imposes monetary penalty on Andaman & Nicobar State Co-operative Bank \
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RBI imposes monetary penalty on Andaman & Nicobar State Co-operative Bank

 26-Sep-2022
Mumbai (Maharashtra) [India], September 26 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 5 lakh on Andaman and Nicobar State Co-operative Bank Ltd for non-compliance with certain provisions of the banking laws.
26-Sep-2022 Business
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RBI imposes monetary penalty on Visakhapatnam Co-operative Bank \
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RBI imposes monetary penalty on Visakhapatnam Co-operative Bank

 29-Aug-2022
Mumbai (Maharashtra) [India], August 29 (ANI): The Reserve Bank of India (RBI) said on Monday it has imposed a monetary penalty of Rs 55 lakh on Visakhapatnam Co-operative Bank Ltd for violation of directions related to asset classification.
29-Aug-2022 Business
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Rupee Co-operative Bank Will Cease To Carry On Banking Business From Sept 22: RBI \
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Rupee Co-operative Bank Will Cease To Carry On Banking Business From Sept 22: RBI

 27-Aug-2022
RBI
The Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank, the RBI said. Mumbai: Pune-based Rupee Co-operative Bank Limited will cease to carry on banking business from September 22, 2022,... The post appeared first on .
27-Aug-2022 National
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RBI imposes monetary penalty on Kotak Mahindra Bank \
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RBI imposes monetary penalty on Kotak Mahindra Bank

 04-Jul-2022
Mumbai (Maharashtra) [India], July 4 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed over Rs 1 crore monetary penalty on Kotak Mahindra Bank Limited for non-compliance with certain directions related to customer protection.
04-Jul-2022 Business
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RBI imposes Rs 10 lakh penalty on The Tiruchengode Co-operative Urban Bank \
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RBI imposes Rs 10 lakh penalty on The Tiruchengode Co-operative Urban Bank

 28-Jun-2022
New Delhi [India], June 28 (ANI): The Reserve Bank of India (RBI) has imposed a penalty of Rs 10 lakh on The Tiruchengode Co-operative Urban Bank, Tiruchengode, Tamil Nadu, for non-adherence or violation of directions issued under various guidelines including Know Your Customer (KYC) Guidelines, the central bank said in a statement.
28-Jun-2022 Business
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RBI cancels license of Kanpur-based People’s Co-operative Bank \
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RBI cancels license of Kanpur-based People’s Co-operative Bank

 21-Mar-2022
Mumbai (Maharashtra) [India], March 21 (ANI): The Reserve Bank of India (RBI) on Monday said it has cancelled the license of Kanpur-based People's Co-operative Bank Limited as the bank does not have adequate capital and earning prospects.
21-Mar-2022 Business
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RBI cancels licence of Maharashtra-based Sarjeraodada Naik Shirala Sahakari Bank \
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RBI cancels licence of Maharashtra-based Sarjeraodada Naik Shirala Sahakari Bank

 02-Mar-2022
Mumbai (Maharashtra) [India], March 2 (ANI): The Reserve Bank of India (RBI) said on Wednesday that it has cancelled the licence of Maharashtra-based Sarjeraodada Naik Shirala Sahakari Bank Limited as it has failed to comply with the regulations and does not have "adequate capital and earning prospects".
02-Mar-2022 Business
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RBI imposes monetary penalty on Jammu and Kashmir-based cooperative bank \
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RBI imposes monetary penalty on Jammu and Kashmir-based cooperative bank

 21-Feb-2022
Mumbai (Maharashtra) [India], February 21 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 2 lakh on Baramulla Central Cooperative Bank Limited, Jammu and Kashmir, for violation of regulations related to acceptance of fresh deposits.
21-Feb-2022 Business
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RBI cancels licence of Independence Co-operative Bank Limited \
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RBI cancels licence of Independence Co-operative Bank Limited

 03-Feb-2022
Mumbai (Maharashtra) [India], February 3 (ANI): The Reserve Bank of India (RBI) on Thursday said it has cancelled the licence of Nashik-based cooperative lender Independence Co-operative Bank Limited and requested Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra, to issue an order for winding up the bank and appoint a liquidator.
03-Feb-2022 Business
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